2, ORCHID PLACE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5LQ - £417,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 ORCHID PLACE is a small extended detached house of 103m², built sometime between 1976 and 1982. It was last sold for £417,500 in June 2018, which was around 25% below the average June 2018 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2018, where the current energy rating was C, and the potential energy rating was B.

2 ORCHID PLACE Sold Prices

Land registry data shows two sales for 2 ORCHID 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 ORCHID 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
2018 13 JUN	£417,500	£558,123	25% below HPI
2001 29 MAY	£174,000	£198,892	13% below HPI

2 ORCHID 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 ORCHID PLACE sales from May 2001 and June 2018 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 May 2001 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2018 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 ORCHID PLACE?

2 ORCHID PLACE is 103m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 40% of detached houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses by size in South Woodham Ferrers, and where 2 ORCHID PLACE lies on this distribution: 39% of detached houses are smaller than 2 ORCHID PLACE, and 59% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

2 ORCHID PLACE: Plot and Title Map

2 ORCHID PLACE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 2 ORCHID 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 ORCHID 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 ORCHID PLACE?

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