3, PADDOCK DRIVE, CHELMSFORD, CM1 6SS - £239,000

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 PADDOCK DRIVE is a very small detached house of 88m², built sometime between 1976 and 1982. It was last sold for £239,000 in December 2009, which was around 32% below the average December 2009 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was C.

3 PADDOCK DRIVE Sold Prices

Land registry data shows two sales for 3 PADDOCK DRIVE 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 PADDOCK DRIVE 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
2009 11 DEC	£239,000	£352,533	32% below HPI
2001 17 DEC	£139,000	£219,796	37% below HPI

3 PADDOCK DRIVE 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 PADDOCK DRIVE sales from December 2001 and December 2009 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 December 2001 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the December 2009 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 3 PADDOCK DRIVE?

3 PADDOCK DRIVE is 88m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 20% 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 PADDOCK DRIVE lies on this distribution: 18% of detached houses are smaller than 3 PADDOCK DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 PADDOCK DRIVE: Plot and Title Map

3 PADDOCK DRIVE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 3 PADDOCK DRIVE, 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 PADDOCK DRIVE). 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 PADDOCK DRIVE?

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