28, THE GROVE, BICKNACRE, CHELMSFORD, CM3 4XB - £267,500

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

28 THE GROVE is a very small detached house of 86m², built sometime between 1967 and 1975. It was last sold for £267,500 in August 2014, which was around 39% below the average August 2014 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

28 THE GROVE Sold Prices

Land registry data shows two sales for 28 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 28 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
2014 7 AUG	£267,500	£435,105	39% below HPI
1997 27 AUG	£83,000	£126,702	34% below HPI

28 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 28 THE GROVE sales from August 1997 and August 2014 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 August 1997 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2014 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 28 THE GROVE?

28 THE GROVE is 86m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of detached houses in Bicknacre, based on EPC data. The below chart shows the distribution of detached houses by size in Bicknacre, and where 28 THE GROVE lies on this distribution: 18% of detached houses are smaller than 28 THE GROVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Bicknacre.

28 THE GROVE: Plot and Title Map

28 THE GROVE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 28 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 28 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 28 THE GROVE?

28 THE GROVE is located in BICKNACRE, in the CM3 postcode district. The below map shows the position of No. 28 on THE GROVE.