2, PENSHURST DRIVE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 7AY - £439,000

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 PENSHURST DRIVE is a small extended detached house of 103m², built sometime between 1991 and 1995, which could now be worth an estimated £482,472. It was last sold for £439,000 in January 2021, which was around 28% below the average January 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

2 PENSHURST DRIVE Sold Prices

Land registry data shows five sales for 2 PENSHURST DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the five 2 PENSHURST DRIVE 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
2021 25 JAN	£439,000	£605,538	28% below HPI
2008 20 AUG	£280,000	£374,477	25% below HPI
2005 20 MAY	£248,000	£327,274	24% below HPI
2003 9 JUN	£215,000	£299,611	28% below HPI
1996 24 MAY	£84,804	£103,829	18% below HPI

2 PENSHURST DRIVE 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 five 2 PENSHURST DRIVE sales between May 1996 and January 2021 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 August 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 PENSHURST DRIVE be worth now?

2 PENSHURST DRIVE might now be worth an estimated £482,472.

This is based on house price inflation of 9.9%, between January 2021 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 9.9% inflationary increase is applied to the most recent sale price for 2 PENSHURST DRIVE of £439,000 on 25th January 2021. For the value to have increased from £439,000 to £482,472 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2 PENSHURST DRIVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The January 2021 sale price of £439,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENSHURST DRIVE has not materially changed since January 2021.

How Large is 2 PENSHURST DRIVE?

2 PENSHURST DRIVE is 103m², which includes two extensions, according to the EPC inspection conducted in June 2020. 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 PENSHURST DRIVE lies on this distribution: 40% of detached houses houses are smaller than 2 PENSHURST DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

2 PENSHURST DRIVE: Plot and Title Map

2 PENSHURST DRIVE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 2 PENSHURST DRIVE, 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 PENSHURST DRIVE). 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 PENSHURST DRIVE?

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