2, PEARSON GROVE, CHELMSFORD, CM1 7FE - £1,070,000

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 PEARSON GROVE is a very large detached house of 233m², built sometime between 2007 and 2011, which could now be worth an estimated £1,040,836. It was last sold for £1,070,000 in June 2022, which was around 56% above the average June 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2022, where the current energy rating was B, and the potential energy rating was B.

2 PEARSON GROVE Sold Prices

Land registry data shows two sales for 2 PEARSON GROVE 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 PEARSON GROVE 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
2022 23 JUN	£1,070,000	£684,148	56% above HPI
2012 23 MAR	£750,000	£366,021	105% above HPI

2 PEARSON GROVE 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 PEARSON GROVE sales from March 2012 and June 2022 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 2012 sale was for 105% above the HPI. So the extrapolation line tracks at 105% above the HPI over time, until the June 2022 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 2 PEARSON GROVE be worth now?

2 PEARSON GROVE might now be worth an estimated £1,040,836.

This is based on house price deflation of 2.7%, between June 2022 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 2.7% deflationary decrease is applied to the most recent sale price for 2 PEARSON GROVE of £1,070,000 on 23rd June 2022. For the value to have decreased from £1,070,000 to £1,040,836 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 2 PEARSON GROVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2022 sale price of £1,070,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PEARSON GROVE has not materially changed since June 2022.

How Large is 2 PEARSON GROVE?

2 PEARSON GROVE is 233m² according to the EPC inspection conducted in March 2022. 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 PEARSON GROVE lies on this distribution: 96% of detached houses houses are smaller than 2 PEARSON GROVE, and 4% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 PEARSON GROVE: Plot and Title Map

2 PEARSON GROVE sits on a plot of roughly 0.107 of an acre, or 435m². The below map shows the location of 2 PEARSON GROVE, 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 PEARSON GROVE). 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 PEARSON GROVE?

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