3, COLVIN CHASE, GALLEYWOOD, CHELMSFORD, CM2 8QQ - £385,000

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 COLVIN CHASE is a small extended detached house of 106m², built sometime between 1967 and 1975. It was last sold for £385,000 in July 2007, which was around 1% above the average July 2007 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was C.

3 COLVIN CHASE Sold Prices

Land registry data shows two sales for 3 COLVIN CHASE 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 COLVIN CHASE sales were for above 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
2007 11 JUL	£385,000	£379,815	1% above HPI
2005 2 NOV	£343,000	£327,427	5% above HPI

3 COLVIN CHASE 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 COLVIN CHASE sales from November 2005 and July 2007 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 November 2005 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the July 2007 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 3 COLVIN CHASE?

3 COLVIN CHASE is 106m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 3 COLVIN CHASE lies on this distribution: 28% of detached houses are smaller than 3 COLVIN CHASE, and 72% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

3 COLVIN CHASE: Plot and Title Map

3 COLVIN CHASE sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 3 COLVIN CHASE, 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 COLVIN CHASE). 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 COLVIN CHASE?

3 COLVIN CHASE is located in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of No. 3 on COLVIN CHASE.