34, MICAWBER WAY, CHELMSFORD, CM1 4UE - £587,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

34 MICAWBER WAY is a large extended detached house of 132m², built sometime between 1976 and 1982. It was last sold for £587,500 in January 2024, which was around 10% below the average January 2024 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

34 MICAWBER WAY Sold Prices

Land registry data shows three sales for 34 MICAWBER WAY 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 34 MICAWBER WAY 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
2024 19 JAN	£587,500	£654,816	10% below HPI
2016 4 NOV	£520,000	£534,455	3% below HPI
2004 5 MAR	£285,000	£310,731	8% below HPI

34 MICAWBER WAY 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 34 MICAWBER WAY sales between March 2004 and January 2024 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 November 2016 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the January 2024 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 34 MICAWBER WAY?

34 MICAWBER WAY is 132m², which includes three extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 40% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 34 MICAWBER WAY lies on this distribution: 60% of detached houses are smaller than 34 MICAWBER WAY, and 39% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

34 MICAWBER WAY: Plot and Title Map

34 MICAWBER WAY sits on a plot of roughly 0.144 of an acre, or 583m². The below map shows the location of 34 MICAWBER WAY, 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 34 MICAWBER WAY). 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 34 MICAWBER WAY?

34 MICAWBER WAY is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 34 on MICAWBER WAY.