32, CHELMER LEA, CHELMSFORD, CM2 7QG - £530,000

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.

32 CHELMER LEA is a large extended detached house of 145m², built sometime between 1950 and 1966, which could now be worth an estimated £582,657. It was last sold for £530,000 in March 2021, which was around 12% below the average March 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

32 CHELMER LEA Sold Prices

Land registry data shows three sales for 32 CHELMER LEA 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. Two of the three 32 CHELMER LEA sales were for below the average price, whilst one 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
2021 1 MAR	£530,000	£605,357	12% below HPI
2014 31 JAN	£412,000	£403,677	2% above HPI
2000 7 DEC	£175,500	£197,473	11% below HPI

32 CHELMER 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 three 32 CHELMER LEA sales between December 2000 and March 2021 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 January 2014 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2021 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 32 CHELMER LEA be worth now?

32 CHELMER LEA might now be worth an estimated £582,657.

This is based on house price inflation of 9.9%, between March 2021 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 9.9% inflationary increase is applied to the most recent sale price for 32 CHELMER LEA of £530,000 on 1st March 2021. For the value to have increased from £530,000 to £582,657 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 32 CHELMER LEA has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The March 2021 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 32 CHELMER LEA has not materially changed since March 2021.

How Large is 32 CHELMER LEA?

32 CHELMER LEA is 145m², which includes three extensions, according to the EPC inspection conducted in April 2013. 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 32 CHELMER LEA lies on this distribution: 70% of detached houses houses are smaller than 32 CHELMER LEA, and 29% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

32 CHELMER LEA: Plot and Title Map

32 CHELMER LEA sits on a plot of roughly 0.126 of an acre, or 511m². The below map shows the location of 32 CHELMER 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 32 CHELMER 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 32 CHELMER LEA?

32 CHELMER LEA is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 32 on CHELMER LEA.