20, FORTUNE CLOSE, GREAT LEIGHS, CHELMSFORD, CM3 1RR - £285,000

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

20 FORTUNE CLOSE is a midsized detached house of 123m², built sometime between 1976 and 1982. It was last sold for £285,000 in November 2009, which was around 20% below the average November 2009 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was D.

20 FORTUNE CLOSE Sold Prices

Land registry data shows three sales for 20 FORTUNE 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. All of the three 20 FORTUNE CLOSE 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
2009 17 NOV	£285,000	£357,543	20% below HPI
2005 3 JUN	£269,700	£331,559	19% below HPI
2002 9 DEC	£247,000	£280,602	12% below HPI

20 FORTUNE 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 20 FORTUNE CLOSE sales between December 2002 and November 2009 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 2005 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2009 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 20 FORTUNE CLOSE be worth now?

20 FORTUNE CLOSE might now be worth an estimated £532,271.

This is based on house price inflation of 86.8%, between November 2009 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 86.8% inflationary increase is applied to the most recent sale price for 20 FORTUNE CLOSE of £285,000 on 17th November 2009. For the value to have increased from £285,000 to £532,271 over the fourteen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 20 FORTUNE CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The November 2009 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 20 FORTUNE CLOSE has not materially changed since November 2009.

How Large is 20 FORTUNE CLOSE?

20 FORTUNE CLOSE is 123m² according to the EPC inspection conducted in April 2009. This puts it in the largest 50% of detached houses houses in Great Leighs, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Leighs, and where 20 FORTUNE CLOSE lies on this distribution: 50% of detached houses houses are smaller than 20 FORTUNE CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Great Leighs.

20 FORTUNE CLOSE: Plot and Title Map

20 FORTUNE CLOSE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 20 FORTUNE 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 20 FORTUNE 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 20 FORTUNE CLOSE?

20 FORTUNE CLOSE is located in GREAT LEIGHS, in the CM3 postcode district. The below map shows the position of No. 20 on FORTUNE CLOSE.