3, MICAWBER WAY, CHELMSFORD, CM1 4UG - £316,000

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 MICAWBER WAY is a midsized detached house of 110m², built sometime between 1983 and 1990. It was last sold for £316,000 in August 2011, which was around 14% below the average August 2011 detached price in the Chelmsford local authority area. The most recent EPC inspection was December 2010, where the current energy rating was D, and the potential energy rating was C.

3 MICAWBER WAY Sold Prices

Land registry data shows two sales for 3 MICAWBER WAY 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 MICAWBER WAY 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
2011 26 AUG	£316,000	£367,970	14% below HPI
1997 28 APR	£102,000	£114,870	11% below HPI

3 MICAWBER WAY 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 MICAWBER WAY sales from April 1997 and August 2011 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 April 1997 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2011 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 3 MICAWBER WAY?

3 MICAWBER WAY is 110m² according to the EPC inspection conducted in December 2010. This puts it in the smallest 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 MICAWBER WAY lies on this distribution: 40% of detached houses are smaller than 3 MICAWBER WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 MICAWBER WAY: Plot and Title Map

3 MICAWBER WAY sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 3 MICAWBER WAY, 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 MICAWBER WAY). 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 MICAWBER WAY?

3 MICAWBER WAY is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 3 on MICAWBER WAY.