24, INCHBONNIE ROAD, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5FG - £325,000

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.

24 INCHBONNIE ROAD is a very small detached house of 86m², built sometime between 1983 and 1990, which could now be worth an estimated £380,232. It was last sold for £325,000 in September 2017, which was around 43% below the average September 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

24 INCHBONNIE ROAD Sold Prices

Land registry data shows two sales for 24 INCHBONNIE ROAD 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 24 INCHBONNIE ROAD 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 15 SEP	£325,000	£568,831	43% below HPI
1995 10 MAR	£71,000	£107,447	34% below HPI

24 INCHBONNIE ROAD 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 24 INCHBONNIE ROAD sales from March 1995 and September 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 March 1995 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the September 2017 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 24 INCHBONNIE ROAD be worth now?

24 INCHBONNIE ROAD might now be worth an estimated £380,232.

This is based on house price inflation of 17%, between September 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 17% inflationary increase is applied to the most recent sale price for 24 INCHBONNIE ROAD of £325,000 on 15th September 2017. For the value to have increased from £325,000 to £380,232 over the eight years and seven months to February 2025, the following assumptions must hold true:

• The value of 24 INCHBONNIE ROAD has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2017 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 24 INCHBONNIE ROAD has not materially changed since September 2017.

How Large is 24 INCHBONNIE ROAD?

24 INCHBONNIE ROAD is 86m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% of detached houses houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Woodham Ferrers, and where 24 INCHBONNIE ROAD lies on this distribution: 19% of detached houses houses are smaller than 24 INCHBONNIE ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

24 INCHBONNIE ROAD: Plot and Title Map

24 INCHBONNIE ROAD sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 24 INCHBONNIE ROAD, 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 24 INCHBONNIE ROAD). 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 24 INCHBONNIE ROAD?

24 INCHBONNIE ROAD is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 24 on INCHBONNIE ROAD.