24, THE GROVE, BICKNACRE, CHELMSFORD, CM3 4XB - £158,000

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

24 THE GROVE is a small extended detached house of 102m², built sometime between 1976 and 1982, which could now be worth an estimated £424,825. It was last sold for £158,000 in June 2002, which was around 36% below the average June 2002 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was B.

24 THE GROVE Sold Prices

Land registry data shows two sales for 24 THE GROVE 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 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
2002 28 JUN	£158,000	£248,349	36% below HPI
1997 13 MAR	£79,000	£113,266	30% below HPI

24 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 two 24 THE GROVE sales from March 1997 and June 2002 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 1997 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the June 2002 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 24 THE GROVE be worth now?

24 THE GROVE might now be worth an estimated £424,825.

This is based on house price inflation of 168.9%, between June 2002 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 168.9% inflationary increase is applied to the most recent sale price for 24 THE GROVE of £158,000 on 28th June 2002. For the value to have increased from £158,000 to £424,825 over the 21 years and six months to December 2024, the following assumptions must hold true:

• The value of 24 THE GROVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2002 sale price of £158,000 represented a fair market value for the property.
• The size, condition, and specification of 24 THE GROVE has not materially changed since June 2002.

How Large is 24 THE GROVE?

24 THE GROVE is 102m², which includes two extensions, according to the EPC inspection conducted in January 2021. This puts it in the smallest 40% of detached houses houses in Bicknacre, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bicknacre, and where 24 THE GROVE lies on this distribution: 35% of detached houses houses are smaller than 24 THE GROVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Bicknacre.

24 THE GROVE: Plot and Title Map

24 THE GROVE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 24 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 24 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 24 THE GROVE?

24 THE GROVE is located in BICKNACRE, in the CM3 postcode district. The below map shows the position of No. 24 on THE GROVE.