3, MULTON LEA, CHELMSFORD, CM1 6EF - £935,000

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

3 MULTON LEA is a very large detached house of 196m², built sometime between 1996 and 2002, which could now be worth an estimated £898,091. It was last sold for £935,000 in December 2022, which was around 35% above the average December 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

3 MULTON LEA Sold Prices

Land registry data shows four sales for 3 MULTON LEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the four 3 MULTON LEA 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
2022 8 DEC	£935,000	£692,851	35% above HPI
2016 12 AUG	£755,000	£544,074	39% above HPI
2009 15 MAY	£525,000	£323,978	62% above HPI
2004 11 NOV	£480,000	£333,912	44% above HPI

3 MULTON LEA 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 four 3 MULTON LEA sales between November 2004 and December 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 August 2016 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the December 2022 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 3 MULTON LEA be worth now?

3 MULTON LEA might now be worth an estimated £898,091.

This is based on house price deflation of 3.9%, between December 2022 and February 2025, 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 3.9% deflationary decrease is applied to the most recent sale price for 3 MULTON LEA of £935,000 on 8th December 2022. For the value to have decreased from £935,000 to £898,091 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 MULTON LEA has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The December 2022 sale price of £935,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MULTON LEA has not materially changed since December 2022.

How Large is 3 MULTON LEA?

3 MULTON LEA is 196m² according to the EPC inspection conducted in May 2019. This puts it in the largest 10% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where 3 MULTON LEA lies on this distribution: 90% of detached houses houses are smaller than 3 MULTON LEA, and 10% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 MULTON LEA: Plot and Title Map

3 MULTON LEA sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 3 MULTON LEA, 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 MULTON LEA). 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 MULTON LEA?

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