3, THE CEDARS, CHELMSFORD, CM2 6BL - £784,000

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 THE CEDARS is a large extended detached house of 160m², built sometime between 2003 and 2006, which could now be worth an estimated £749,734. It was last sold for £784,000 in November 2022, which was around 13% above the average November 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

3 THE CEDARS Sold Prices

Land registry data shows three sales for 3 THE CEDARS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 3 THE CEDARS 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 10 NOV	£784,000	£695,917	13% above HPI
2013 13 SEP	£495,000	£396,176	25% above HPI
2008 24 JUL	£470,000	£383,231	23% above HPI

3 THE CEDARS 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 three 3 THE CEDARS sales between July 2008 and November 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 September 2013 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the November 2022 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 3 THE CEDARS be worth now?

3 THE CEDARS might now be worth an estimated £749,734.

This is based on house price deflation of 4.4%, between November 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 4.4% deflationary decrease is applied to the most recent sale price for 3 THE CEDARS of £784,000 on 10th November 2022. For the value to have decreased from £784,000 to £749,734 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 THE CEDARS has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The November 2022 sale price of £784,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE CEDARS has not materially changed since November 2022.

How Large is 3 THE CEDARS?

3 THE CEDARS is 160m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the largest 30% 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 THE CEDARS lies on this distribution: 78% of detached houses houses are smaller than 3 THE CEDARS, and 21% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 THE CEDARS: Plot and Title Map

3 THE CEDARS sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 3 THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

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