34, OAK LODGE TYE, SPRINGFIELD, CHELMSFORD, CM1 6GZ - £515,000

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.

34 OAK LODGE TYE is a midsized detached house of 111m², built sometime between 1976 and 1982, which could now be worth an estimated £493,023. It was last sold for £515,000 in September 2022, which was around 26% below the average September 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

34 OAK LODGE TYE Sold Prices

Land registry data shows two sales for 34 OAK LODGE TYE 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 34 OAK LODGE TYE 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
2022 8 SEP	£515,000	£695,166	26% below HPI
2017 3 FEB	£450,000	£555,180	19% below HPI

34 OAK LODGE TYE 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 34 OAK LODGE TYE sales from February 2017 and September 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 February 2017 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2022 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 34 OAK LODGE TYE be worth now?

34 OAK LODGE TYE might now be worth an estimated £493,023.

This is based on house price deflation of 4.3%, between September 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 4.3% deflationary decrease is applied to the most recent sale price for 34 OAK LODGE TYE of £515,000 on 8th September 2022. For the value to have decreased from £515,000 to £493,023 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 34 OAK LODGE TYE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2022 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 34 OAK LODGE TYE has not materially changed since September 2022.

How Large is 34 OAK LODGE TYE?

34 OAK LODGE TYE is 111m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 50% 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 34 OAK LODGE TYE lies on this distribution: 41% of detached houses houses are smaller than 34 OAK LODGE TYE, and 58% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

34 OAK LODGE TYE: Plot and Title Map

34 OAK LODGE TYE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 34 OAK LODGE TYE, 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 OAK LODGE TYE). 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 OAK LODGE TYE?

34 OAK LODGE TYE is located in SPRINGFIELD, in the CM1 postcode district. The below map shows the position of No. 34 on OAK LODGE TYE.