24, PEEL ROAD, CHELMSFORD, CM2 6AH - £385,000

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 PEEL ROAD is a very small detached house of 66m², built sometime between 1930 and 1949, which could now be worth an estimated £452,528. It was last sold for £385,000 in July 2019, which was around 35% below the average July 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

24 PEEL ROAD Sold Prices

Land registry data shows two sales for 24 PEEL 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 PEEL 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
2019 24 JUL	£385,000	£593,547	35% below HPI
2015 4 DEC	£320,000	£500,732	36% below HPI

24 PEEL 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 PEEL ROAD sales from December 2015 and July 2019 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 December 2015 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2019 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 24 PEEL ROAD be worth now?

24 PEEL ROAD might now be worth an estimated £452,528.

This is based on house price inflation of 17.5%, between July 2019 and July 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 17.5% inflationary increase is applied to the most recent sale price for 24 PEEL ROAD of £385,000 on 24th July 2019. For the value to have increased from £385,000 to £452,528 over the six years to July 2025, the following assumptions must hold true:

• The value of 24 PEEL ROAD has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 2019 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 24 PEEL ROAD has not materially changed since July 2019.

How Large is 24 PEEL ROAD?

24 PEEL ROAD is 66m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% 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 24 PEEL ROAD lies on this distribution: 3% of detached houses houses are smaller than 24 PEEL ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

24 PEEL ROAD: Plot and Title Map

24 PEEL ROAD sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 24 PEEL 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 PEEL 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 PEEL ROAD?

24 PEEL ROAD is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 24 on PEEL ROAD.