2, ERICK AVENUE, CHELMSFORD, CM1 7BX - £269,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 ERICK AVENUE is a very small extended detached house of 81m², built sometime between 1900 and 1929, which could now be worth an estimated £455,078. It was last sold for £269,500 in October 2012, which was around 32% below the average October 2012 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was C.

2 ERICK AVENUE Sold Prices

Land registry data shows two sales for 2 ERICK AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 2 ERICK AVENUE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2012 12 OCT	£269,500	£394,114	32% below HPI
2002 14 JUN	£173,500	£248,349	30% below HPI

2 ERICK AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two 2 ERICK AVENUE sales from June 2002 and October 2012 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2002 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2012 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 2 ERICK AVENUE be worth now?

2 ERICK AVENUE might now be worth an estimated £455,078.

This is based on house price inflation of 68.9%, between October 2012 and February 2025, for detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.9% inflationary increase is applied to the most recent sale price for 2 ERICK AVENUE of £269,500 on 12th October 2012. For the value to have increased from £269,500 to £455,078 over the thirteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 ERICK AVENUE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The October 2012 sale price of £269,500 represented a fair market value for the property.
• The size, condition, and specification of 2 ERICK AVENUE has not materially changed since October 2012.

How Large is 2 ERICK AVENUE?

2 ERICK AVENUE is 81m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the smallest 20% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where 2 ERICK AVENUE lies on this distribution: 11% of detached houses houses are smaller than 2 ERICK AVENUE, and 89% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 ERICK AVENUE: Plot and Title Map

2 ERICK AVENUE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 2 ERICK AVENUE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 ERICK AVENUE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 ERICK AVENUE?

2 ERICK AVENUE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 2 on ERICK AVENUE.