3, PEERS SQUARE, CHELMSFORD, CM2 6XP - £352,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 PEERS SQUARE is a small terraced house of 106m², built sometime between 1996 and 2002, which could now be worth an estimated £593,039. It was last sold for £352,000 in March 2014, which was around 72% above the average March 2014 terraced price in the Chelmsford local authority area. The most recent EPC inspection was December 2013, where the current energy rating was C, and the potential energy rating was B.

3 PEERS SQUARE Sold Prices

Land registry data shows two sales for 3 PEERS SQUARE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. Both of the two 3 PEERS SQUARE 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
2014 18 MAR	£352,000	£204,412	72% above HPI
2001 6 APR	£184,950	£89,161	107% above HPI

3 PEERS SQUARE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chelmsford local authority area over time, sourced from the HPI. The two 3 PEERS SQUARE sales from April 2001 and March 2014 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 2001 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the March 2014 sale, where it falls to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might 3 PEERS SQUARE be worth now?

3 PEERS SQUARE might now be worth an estimated £593,039.

This is based on house price inflation of 68.5%, between March 2014 and June 2025, for terraced 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 68.5% inflationary increase is applied to the most recent sale price for 3 PEERS SQUARE of £352,000 on 18th March 2014. For the value to have increased from £352,000 to £593,039 over the ten years and nine months to June 2025, the following assumptions must hold true:

• The value of 3 PEERS SQUARE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The March 2014 sale price of £352,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PEERS SQUARE has not materially changed since March 2014.

How Large is 3 PEERS SQUARE?

3 PEERS SQUARE is 106m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 40% of terraced houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chelmsford, and where 3 PEERS SQUARE lies on this distribution: 35% of terraced houses houses are smaller than 3 PEERS SQUARE, and 64% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 PEERS SQUARE: Plot and Title Map

3 PEERS SQUARE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 3 PEERS SQUARE, 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 PEERS SQUARE). 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 PEERS SQUARE?

3 PEERS SQUARE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 3 on PEERS SQUARE.