261, MAIN ROAD, BROOMFIELD, CHELMSFORD, CM1 7AT - £313,000

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

261 MAIN ROAD is a very small detached house of 69m², built sometime between 1930 and 1949. It was last sold for £313,000 in March 2017, which was around 43% below the average March 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was C.

261 MAIN ROAD Sold Prices

Land registry data shows two sales for 261 MAIN 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 261 MAIN 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 31 MAR	£313,000	£550,512	43% below HPI
2003 2 OCT	£27,500	£302,087	91% below HPI

261 MAIN 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 261 MAIN ROAD sales from October 2003 and March 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 October 2003 sale was for 91% below the HPI. So the extrapolation line tracks at 91% below the HPI over time, until the March 2017 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 261 MAIN ROAD?

261 MAIN ROAD is 69m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses in Broomfield, based on EPC data. The below chart shows the distribution of detached houses by size in Broomfield, and where 261 MAIN ROAD lies on this distribution: 5% of detached houses are smaller than 261 MAIN ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

261 MAIN ROAD: Plot and Title Map

261 MAIN ROAD sits on a plot of roughly 0.182 of an acre, or 735m². The below map shows the location of 261 MAIN 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 261 MAIN 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 261 MAIN ROAD?

261 MAIN ROAD is located in BROOMFIELD, in the CM1 postcode district. The below map shows the position of No. 261 on MAIN ROAD.