28, FAYREWOOD DRIVE, GREAT LEIGHS, CHELMSFORD, CM3 1GY - £395,000

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

28 FAYREWOOD DRIVE is a midsized extended detached house of 123m², built sometime between 2003 and 2006. It was last sold for £395,000 in July 2020, which was around 33% below the average July 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

28 FAYREWOOD DRIVE Sold Prices

Land registry data shows two sales for 28 FAYREWOOD DRIVE 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 28 FAYREWOOD DRIVE 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
2020 17 JUL	£395,000	£589,838	33% below HPI
2004 31 MAR	£237,395	£314,044	24% below HPI

28 FAYREWOOD DRIVE 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 28 FAYREWOOD DRIVE sales from March 2004 and July 2020 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 2004 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2020 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 28 FAYREWOOD DRIVE be worth now?

28 FAYREWOOD DRIVE might now be worth an estimated £447,178.

This is based on house price inflation of 13.2%, between July 2020 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 13.2% inflationary increase is applied to the most recent sale price for 28 FAYREWOOD DRIVE of £395,000 on 17th July 2020. For the value to have increased from £395,000 to £447,178 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of 28 FAYREWOOD DRIVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 2020 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 28 FAYREWOOD DRIVE has not materially changed since July 2020.

How Large is 28 FAYREWOOD DRIVE?

28 FAYREWOOD DRIVE is 123m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the largest 50% of detached houses houses in Great Leighs, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Leighs, and where 28 FAYREWOOD DRIVE lies on this distribution: 51% of detached houses houses are smaller than 28 FAYREWOOD DRIVE, and 49% of houses are larger. Note that EPC data is not available for all properties in Great Leighs.

28 FAYREWOOD DRIVE: Plot and Title Map

28 FAYREWOOD DRIVE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 28 FAYREWOOD DRIVE, 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 28 FAYREWOOD DRIVE). 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 28 FAYREWOOD DRIVE?

28 FAYREWOOD DRIVE is located in GREAT LEIGHS, in the CM3 postcode district. The below map shows the position of No. 28 on FAYREWOOD DRIVE.