338, BROOMFIELD ROAD, CHELMSFORD, CM1 4DZ - £200,000

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.

338 BROOMFIELD ROAD is a very small semi-detached house of 72m², built sometime between 1976 and 1982, which could now be worth an estimated £407,985. It was last sold for £200,000 in October 2005, which was around 1% below the average October 2005 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

338 BROOMFIELD ROAD Sold Prices

Land registry data shows four sales for 338 BROOMFIELD ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. Most of the four 338 BROOMFIELD ROAD 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
2005 31 OCT	£200,000	£201,711	1% below HPI
2004 25 MAR	£175,500	£185,465	5% below HPI
1997 9 JUL	£84,995	£71,960	18% above HPI
1995 24 MAR	£58,000	£62,395	7% below HPI

338 BROOMFIELD ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chelmsford local authority area over time, sourced from the HPI. The four 338 BROOMFIELD ROAD sales between March 1995 and October 2005 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 March 2004 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the October 2005 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 338 BROOMFIELD ROAD be worth now?

338 BROOMFIELD ROAD might now be worth an estimated £407,985.

This is based on house price inflation of 104%, between October 2005 and February 2025, for semi-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 104% inflationary increase is applied to the most recent sale price for 338 BROOMFIELD ROAD of £200,000 on 31st October 2005. For the value to have increased from £200,000 to £407,985 over the twenty years and eight months to February 2025, the following assumptions must hold true:

• The value of 338 BROOMFIELD ROAD has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The October 2005 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 338 BROOMFIELD ROAD has not materially changed since October 2005.

How Large is 338 BROOMFIELD ROAD?

338 BROOMFIELD ROAD is 72m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of semi-detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chelmsford, and where 338 BROOMFIELD ROAD lies on this distribution: 6% of semi-detached houses houses are smaller than 338 BROOMFIELD ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

338 BROOMFIELD ROAD: Plot and Title Map

338 BROOMFIELD ROAD sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 338 BROOMFIELD ROAD, 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 338 BROOMFIELD ROAD). 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 338 BROOMFIELD ROAD?

338 BROOMFIELD ROAD is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 338 on BROOMFIELD ROAD.