2, THE CEDARS, CHELMSFORD, CM2 6BL - £850,000

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 THE CEDARS is a very large extended detached house of 166m², built sometime between 2003 and 2006, which could now be worth an estimated £831,799. It was last sold for £850,000 in July 2023, which was around 25% above the average July 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was C.

2 THE CEDARS Sold Prices

Land registry data shows three sales for 2 THE CEDARS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 2 THE CEDARS 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
2023 4 JUL	£850,000	£680,063	25% above HPI
2016 20 JUN	£675,000	£519,639	30% above HPI
2005 15 NOV	£485,000	£330,918	47% above HPI

2 THE CEDARS 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 three 2 THE CEDARS sales between November 2005 and July 2023 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 June 2016 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the July 2023 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 2 THE CEDARS be worth now?

2 THE CEDARS might now be worth an estimated £831,799.

This is based on house price deflation of 2.1%, between July 2023 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 2.1% deflationary decrease is applied to the most recent sale price for 2 THE CEDARS of £850,000 on 4th July 2023. For the value to have decreased from £850,000 to £831,799 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 2 THE CEDARS has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 2023 sale price of £850,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE CEDARS has not materially changed since July 2023.

How Large is 2 THE CEDARS?

2 THE CEDARS is 166m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 20% 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 THE CEDARS lies on this distribution: 81% of detached houses houses are smaller than 2 THE CEDARS, and 19% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 THE CEDARS: Plot and Title Map

2 THE CEDARS sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 2 THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

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