2, MERTON PLACE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5YW - £300,000

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 MERTON PLACE is a small detached house of 102m², built sometime between 1976 and 1982, which could now be worth an estimated £465,702. It was last sold for £300,000 in June 2014, which was around 30% below the average June 2014 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

2 MERTON PLACE Sold Prices

Land registry data shows two sales for 2 MERTON PLACE 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 MERTON PLACE 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
2014 26 JUN	£300,000	£428,708	30% below HPI
1999 26 MAR	£105,000	£142,216	26% below HPI

2 MERTON PLACE 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 MERTON PLACE sales from March 1999 and June 2014 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 March 1999 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2014 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 MERTON PLACE be worth now?

2 MERTON PLACE might now be worth an estimated £465,702.

This is based on house price inflation of 55.2%, between June 2014 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 55.2% inflationary increase is applied to the most recent sale price for 2 MERTON PLACE of £300,000 on 26th June 2014. For the value to have increased from £300,000 to £465,702 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 2 MERTON PLACE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2014 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MERTON PLACE has not materially changed since June 2014.

How Large is 2 MERTON PLACE?

2 MERTON PLACE is 102m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Woodham Ferrers, and where 2 MERTON PLACE lies on this distribution: 38% of detached houses houses are smaller than 2 MERTON PLACE, and 61% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

2 MERTON PLACE: Plot and Title Map

2 MERTON PLACE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 2 MERTON PLACE, 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 MERTON PLACE). 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 MERTON PLACE?

2 MERTON PLACE is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 2 on MERTON PLACE.