32, MARTINGALE DRIVE, CHELMSFORD, CM1 6FN - £249,995

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 MARTINGALE DRIVE is a very small extended detached house of 81m², built sometime between 1976 and 1982, which could now be worth an estimated £401,330. It was last sold for £249,995 in February 2014, which was around 40% below the average February 2014 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

32 MARTINGALE DRIVE Sold Prices

Land registry data shows two sales for 32 MARTINGALE 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 32 MARTINGALE 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
2014 21 FEB	£249,995	£414,551	40% below HPI
1997 1 SEP	£85,995	£128,784	33% below HPI

32 MARTINGALE 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 32 MARTINGALE DRIVE sales from September 1997 and February 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 September 1997 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2014 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 32 MARTINGALE DRIVE be worth now?

32 MARTINGALE DRIVE might now be worth an estimated £401,330.

This is based on house price inflation of 60.5%, between February 2014 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 60.5% inflationary increase is applied to the most recent sale price for 32 MARTINGALE DRIVE of £249,995 on 21st February 2014. For the value to have increased from £249,995 to £401,330 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 32 MARTINGALE DRIVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The February 2014 sale price of £249,995 represented a fair market value for the property.
• The size, condition, and specification of 32 MARTINGALE DRIVE has not materially changed since February 2014.

How Large is 32 MARTINGALE DRIVE?

32 MARTINGALE DRIVE is 81m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% 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 MARTINGALE DRIVE lies on this distribution: 11% of detached houses houses are smaller than 32 MARTINGALE DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

32 MARTINGALE DRIVE: Plot and Title Map

32 MARTINGALE DRIVE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 32 MARTINGALE 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 32 MARTINGALE 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 32 MARTINGALE DRIVE?

32 MARTINGALE DRIVE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 32 on MARTINGALE DRIVE.