2, FORTUNE CLOSE, GREAT LEIGHS, CHELMSFORD, CM3 1RR - £323,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 FORTUNE CLOSE is a very small detached house of 90m², built sometime between 1976 and 1982. It was last sold for £323,000 in March 2015, which was around 29% below the average March 2015 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

2 FORTUNE CLOSE Sold Prices

Land registry data shows three sales for 2 FORTUNE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 2 FORTUNE CLOSE 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
2015 19 MAR	£323,000	£455,680	29% below HPI
2002 27 NOV	£229,950	£275,286	16% below HPI
1997 3 OCT	£125,000	£131,832	5% below HPI

2 FORTUNE CLOSE 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 three 2 FORTUNE CLOSE sales between October 1997 and March 2015 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 November 2002 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2015 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 FORTUNE CLOSE be worth now?

2 FORTUNE CLOSE might now be worth an estimated £473,324.

This is based on house price inflation of 46.5%, between March 2015 and December 2024, 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 46.5% inflationary increase is applied to the most recent sale price for 2 FORTUNE CLOSE of £323,000 on 19th March 2015. For the value to have increased from £323,000 to £473,324 over the eight years and three months to December 2024, the following assumptions must hold true:

• The value of 2 FORTUNE CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The March 2015 sale price of £323,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FORTUNE CLOSE has not materially changed since March 2015.

How Large is 2 FORTUNE CLOSE?

2 FORTUNE CLOSE is 90m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 10% of detached houses houses in Great Leighs, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Leighs, and where 2 FORTUNE CLOSE lies on this distribution: 9% of detached houses houses are smaller than 2 FORTUNE CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Great Leighs.

2 FORTUNE CLOSE: Plot and Title Map

2 FORTUNE CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 2 FORTUNE CLOSE, 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 FORTUNE CLOSE). 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 FORTUNE CLOSE?

2 FORTUNE CLOSE is located in GREAT LEIGHS, in the CM3 postcode district. The below map shows the position of No. 2 on FORTUNE CLOSE.