2, MIMOSA CLOSE, CHELMSFORD, CM1 6NW - £390,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 MIMOSA CLOSE is a large extended detached house of 137m², built sometime between 1976 and 1982. It was last sold for £390,000 in February 2014, which was around 5% below the average February 2014 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

2 MIMOSA CLOSE Sold Prices

Land registry data shows two sales for 2 MIMOSA CLOSE 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 MIMOSA 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
2014 12 FEB	£390,000	£410,178	5% below HPI
2006 22 JUN	£280,000	£336,915	17% below HPI

2 MIMOSA 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 two 2 MIMOSA CLOSE sales from June 2006 and February 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 June 2006 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2014 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 2 MIMOSA CLOSE?

2 MIMOSA CLOSE is 137m², which includes three extensions, according to the EPC inspection conducted in September 2013. This puts it in the largest 40% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 2 MIMOSA CLOSE lies on this distribution: 64% of detached houses are smaller than 2 MIMOSA CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 MIMOSA CLOSE: Plot and Title Map

2 MIMOSA CLOSE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 2 MIMOSA 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 MIMOSA 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 MIMOSA CLOSE?

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