2, PORTWAY, CHELMSFORD, CM2 6YP - £312,500

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 PORTWAY is a very small semi-detached house of 83m², built sometime between 1996 and 2002, which could now be worth an estimated £439,536. It was last sold for £312,500 in September 2015, which was around 7% above the average September 2015 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

2 PORTWAY Sold Prices

Land registry data shows four sales for 2 PORTWAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. Most of the four 2 PORTWAY 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
2015 11 SEP	£312,500	£292,549	7% above HPI
2007 2 FEB	£215,000	£217,021	1% below HPI
2004 8 OCT	£215,000	£199,759	8% above HPI
1999 28 SEP	£128,000	£89,314	43% above HPI

2 PORTWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chelmsford local authority area over time, sourced from the HPI. The four 2 PORTWAY sales between September 1999 and September 2015 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 February 2007 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2015 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 2 PORTWAY be worth now?

2 PORTWAY might now be worth an estimated £439,536.

This is based on house price inflation of 40.7%, between September 2015 and February 2025, for semi-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 40.7% inflationary increase is applied to the most recent sale price for 2 PORTWAY of £312,500 on 11th September 2015. For the value to have increased from £312,500 to £439,536 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 PORTWAY has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The September 2015 sale price of £312,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PORTWAY has not materially changed since September 2015.

How Large is 2 PORTWAY?

2 PORTWAY is 83m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 20% of semi-detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chelmsford, and where 2 PORTWAY lies on this distribution: 12% of semi-detached houses houses are smaller than 2 PORTWAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 PORTWAY: Plot and Title Map

2 PORTWAY sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 2 PORTWAY, 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 PORTWAY). 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 PORTWAY?

2 PORTWAY is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 2 on PORTWAY.