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

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 PENSHURST DRIVE is a small extended detached house of 103m², built sometime between 1991 and 1995. It was last sold for £439,000 in January 2021, which was around 27% 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	£599,150	27% below HPI
2008 20 AUG	£280,000	£370,526	24% below HPI
2005 20 MAY	£248,000	£323,822	23% below HPI
2003 9 JUN	£215,000	£296,450	27% below HPI
1996 24 MAY	£84,804	£102,734	17% 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 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the January 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

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 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 PENSHURST DRIVE lies on this distribution: 39% of detached 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.