3, PARSONAGE CLOSE, CHELMSFORD, CM1 7DZ - £460,000

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 PARSONAGE CLOSE is a small detached house of 116m², built sometime between 1991 and 1995, which could now be worth an estimated £669,049. It was last sold for £460,000 in April 2015, which was about the average April 2015 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

3 PARSONAGE CLOSE Sold Prices

Land registry data shows two sales for 3 PARSONAGE 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. One of the two 3 PARSONAGE CLOSE sales was roughly equal to the average price, whilst the other was 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
2015 23 APR	£460,000	£459,109	Close to HPI
2001 31 MAY	£225,000	£201,013	12% above HPI

3 PARSONAGE 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 PARSONAGE CLOSE sales from May 2001 and April 2015 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 May 2001 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the April 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 3 PARSONAGE CLOSE be worth now?

3 PARSONAGE CLOSE might now be worth an estimated £669,049.

This is based on house price inflation of 45.4%, between April 2015 and December 2024, 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 45.4% inflationary increase is applied to the most recent sale price for 3 PARSONAGE CLOSE of £460,000 on 23rd April 2015. For the value to have increased from £460,000 to £669,049 over the eight years and four months to December 2024, the following assumptions must hold true:

• The value of 3 PARSONAGE CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The April 2015 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARSONAGE CLOSE has not materially changed since April 2015.

How Large is 3 PARSONAGE CLOSE?

3 PARSONAGE CLOSE is 116m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 40% of detached houses houses in Broomfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Broomfield, and where 3 PARSONAGE CLOSE lies on this distribution: 37% of detached houses houses are smaller than 3 PARSONAGE CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

3 PARSONAGE CLOSE: Plot and Title Map

3 PARSONAGE CLOSE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 3 PARSONAGE 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 PARSONAGE 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 PARSONAGE CLOSE?

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