22, THE GROVE, BICKNACRE, CHELMSFORD, CM3 4XB - £249,000

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

22 THE GROVE is a small extended detached house of 100m², built sometime between 1976 and 1982. It was last sold for £249,000 in April 2014, which was around 40% below the average April 2014 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

22 THE GROVE Sold Prices

Land registry data shows three sales for 22 THE GROVE 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 22 THE GROVE 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
2014 2 APR	£249,000	£416,517	40% below HPI
2010 25 MAR	£237,500	£358,927	34% below HPI
2003 21 NOV	£200,000	£304,652	34% below HPI

22 THE GROVE 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 22 THE GROVE sales between November 2003 and April 2014 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 March 2010 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the April 2014 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 22 THE GROVE?

22 THE GROVE is 100m², which includes two extensions, according to the EPC inspection conducted in November 2013. This puts it in the smallest 40% of detached houses in Bicknacre, based on EPC data. The below chart shows the distribution of detached houses by size in Bicknacre, and where 22 THE GROVE lies on this distribution: 31% of detached houses are smaller than 22 THE GROVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Bicknacre.

22 THE GROVE: Plot and Title Map

22 THE GROVE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 22 THE GROVE, 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 22 THE GROVE). 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 22 THE GROVE?

22 THE GROVE is located in BICKNACRE, in the CM3 postcode district. The below map shows the position of No. 22 on THE GROVE.