3, BLACKSMITH CLOSE, SPRINGFIELD, CHELMSFORD, CM1 6SY - £540,000

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

3 BLACKSMITH CLOSE is a midsized extended detached house of 123m², built sometime between 1983 and 1990. It was last sold for £540,000 in October 2022, which was around 21% below the average October 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

3 BLACKSMITH CLOSE Sold Prices

Land registry data shows two sales for 3 BLACKSMITH CLOSE 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 3 BLACKSMITH CLOSE 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
2022 25 OCT	£540,000	£687,552	21% below HPI
2018 22 OCT	£480,000	£575,460	17% below HPI

3 BLACKSMITH CLOSE 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 3 BLACKSMITH CLOSE sales from October 2018 and October 2022 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 2018 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2022 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 3 BLACKSMITH CLOSE?

3 BLACKSMITH CLOSE is 123m², which includes two extensions, according to the EPC inspection conducted in August 2017. This puts it in the largest 50% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 3 BLACKSMITH CLOSE lies on this distribution: 52% of detached houses are smaller than 3 BLACKSMITH CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 BLACKSMITH CLOSE: Plot and Title Map

3 BLACKSMITH CLOSE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 3 BLACKSMITH CLOSE, 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 3 BLACKSMITH CLOSE). 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 3 BLACKSMITH CLOSE?

3 BLACKSMITH CLOSE is located in SPRINGFIELD, in the CM1 postcode district. The below map shows the position of No. 3 on BLACKSMITH CLOSE.