2, FRANCES GREEN, CHELMSFORD, CM1 6EG - £665,000

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 FRANCES GREEN is a very large extended detached house of 220m², built sometime between 1996 and 2002, which could now be worth an estimated £964,995. It was last sold for £665,000 in February 2015, which was around 45% above the average February 2015 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was C.

2 FRANCES GREEN Sold Prices

Land registry data shows three sales for 2 FRANCES GREEN 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 FRANCES GREEN sales were for above 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 17 FEB	£665,000	£458,612	45% above HPI
2007 28 SEP	£545,000	£389,503	40% above HPI
2002 7 OCT	£425,000	£268,144	58% above HPI

2 FRANCES GREEN 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 FRANCES GREEN sales between October 2002 and February 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 September 2007 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the February 2015 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 2 FRANCES GREEN be worth now?

2 FRANCES GREEN might now be worth an estimated £964,995.

This is based on house price inflation of 45.1%, between February 2015 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 45.1% inflationary increase is applied to the most recent sale price for 2 FRANCES GREEN of £665,000 on 17th February 2015. For the value to have increased from £665,000 to £964,995 over the ten years to February 2025, the following assumptions must hold true:

• The value of 2 FRANCES GREEN has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The February 2015 sale price of £665,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FRANCES GREEN has not materially changed since February 2015.

How Large is 2 FRANCES GREEN?

2 FRANCES GREEN is 220m², which includes four extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 10% 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 FRANCES GREEN lies on this distribution: 94% of detached houses houses are smaller than 2 FRANCES GREEN, and 6% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 FRANCES GREEN: Plot and Title Map

2 FRANCES GREEN sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of 2 FRANCES GREEN, 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 FRANCES GREEN). 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 FRANCES GREEN?

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