2, TOWNSEND, SPRINGFIELD, CHELMSFORD, CM2 6GB - £464,000

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 TOWNSEND is a large detached house of 139m², built sometime between 2003 and 2006, which could now be worth an estimated £537,492. It was last sold for £464,000 in August 2017, which was around 19% below the average August 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

2 TOWNSEND Sold Prices

Land registry data shows three sales for 2 TOWNSEND 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 TOWNSEND 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
2017 17 AUG	£464,000	£574,506	19% below HPI
2006 19 MAY	£249,995	£339,597	26% below HPI
2002 13 DEC	£225,000	£280,602	20% below HPI

2 TOWNSEND 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 TOWNSEND sales between December 2002 and August 2017 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 May 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2017 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 TOWNSEND be worth now?

2 TOWNSEND might now be worth an estimated £537,492.

This is based on house price inflation of 15.8%, between August 2017 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 15.8% inflationary increase is applied to the most recent sale price for 2 TOWNSEND of £464,000 on 17th August 2017. For the value to have increased from £464,000 to £537,492 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 2 TOWNSEND has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The August 2017 sale price of £464,000 represented a fair market value for the property.
• The size, condition, and specification of 2 TOWNSEND has not materially changed since August 2017.

How Large is 2 TOWNSEND?

2 TOWNSEND is 139m² according to the EPC inspection conducted in May 2017. This puts it in the largest 40% 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 TOWNSEND lies on this distribution: 65% of detached houses houses are smaller than 2 TOWNSEND, and 34% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 TOWNSEND: Plot and Title Map

2 TOWNSEND sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 2 TOWNSEND, 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 TOWNSEND). 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 TOWNSEND?

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