2, WILLOW CLOSE, BROOMFIELD, CHELMSFORD, CM1 7AY - £537,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 WILLOW CLOSE is a large extended detached house of 144m², built sometime between 1967 and 1975, which could now be worth an estimated £640,415. It was last sold for £537,000 in May 2017, which was around 4% below the average May 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was C.

2 WILLOW CLOSE Sold Prices

Land registry data shows three sales for 2 WILLOW CLOSE 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. Two of the three 2 WILLOW CLOSE sales were for below the average price, whilst one was 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
2017 10 MAY	£537,000	£559,923	4% below HPI
2002 7 JUN	£265,000	£248,349	7% above HPI
1995 26 MAY	£82,000	£105,498	22% below HPI

2 WILLOW CLOSE 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 WILLOW CLOSE sales between May 1995 and May 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 June 2002 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the May 2017 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 2 WILLOW CLOSE be worth now?

2 WILLOW CLOSE might now be worth an estimated £640,415.

This is based on house price inflation of 19.3%, between May 2017 and December 2024, 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 19.3% inflationary increase is applied to the most recent sale price for 2 WILLOW CLOSE of £537,000 on 10th May 2017. For the value to have increased from £537,000 to £640,415 over the six years and five months to December 2024, the following assumptions must hold true:

• The value of 2 WILLOW CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The May 2017 sale price of £537,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WILLOW CLOSE has not materially changed since May 2017.

How Large is 2 WILLOW CLOSE?

2 WILLOW CLOSE is 144m², which includes four extensions, according to the EPC inspection conducted in January 2017. This puts it in the largest 30% of detached houses houses in Broomfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Broomfield, and where 2 WILLOW CLOSE lies on this distribution: 78% of detached houses houses are smaller than 2 WILLOW CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

2 WILLOW CLOSE: Plot and Title Map

2 WILLOW CLOSE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 2 WILLOW CLOSE, 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 WILLOW CLOSE). 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 WILLOW CLOSE?

2 WILLOW CLOSE is located in BROOMFIELD, in the CM1 postcode district. The below map shows the position of No. 2 on WILLOW CLOSE.