2, THE WILLOWS, BOREHAM, CHELMSFORD, CM3 3DJ - £485,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 THE WILLOWS is a small extended detached house of 93m², built sometime between 1976 and 1982. It was last sold for £485,000 in June 2022, which was around 28% below the average June 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

2 THE WILLOWS Sold Prices

Land registry data shows two sales for 2 THE WILLOWS 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 THE WILLOWS 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
2022 29 JUN	£485,000	£676,930	28% below HPI
2001 26 JUN	£144,000	£203,015	29% below HPI

2 THE WILLOWS 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 THE WILLOWS sales from June 2001 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 June 2001 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 2 THE WILLOWS?

2 THE WILLOWS is 93m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% of detached houses in Boreham, based on EPC data. The below chart shows the distribution of detached houses by size in Boreham, and where 2 THE WILLOWS lies on this distribution: 34% of detached houses are smaller than 2 THE WILLOWS, and 66% of houses are larger. Note that EPC data is not available for all properties in Boreham.

2 THE WILLOWS: Plot and Title Map

2 THE WILLOWS sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of 2 THE WILLOWS, 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 WILLOWS). 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 WILLOWS?

2 THE WILLOWS is located in BOREHAM, in the CM3 postcode district. The below map shows the position of No. 2 on THE WILLOWS.