365, MEADGATE AVENUE, CHELMSFORD, CM2 7NL - £255,000

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

365 MEADGATE AVENUE is a very small detached house of 79m², built sometime between 1967 and 1975. It was last sold for £255,000 in December 2019, which was around 56% below the average December 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

365 MEADGATE AVENUE Sold Prices

Land registry data shows three sales for 365 MEADGATE AVENUE 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 365 MEADGATE AVENUE 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
2019 2 DEC	£255,000	£576,424	56% below HPI
2006 23 JUN	£157,000	£336,915	53% below HPI
2002 20 MAY	£117,000	£238,132	51% below HPI

365 MEADGATE AVENUE 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 365 MEADGATE AVENUE sales between May 2002 and December 2019 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 June 2006 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the December 2019 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

How Large is 365 MEADGATE AVENUE?

365 MEADGATE AVENUE is 79m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 10% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 365 MEADGATE AVENUE lies on this distribution: 10% of detached houses are smaller than 365 MEADGATE AVENUE, and 90% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

365 MEADGATE AVENUE: Plot and Title Map

365 MEADGATE AVENUE sits on a plot of roughly 0.038 of an acre, or 152m². The below map shows the location of 365 MEADGATE AVENUE, 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 365 MEADGATE AVENUE). 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 365 MEADGATE AVENUE?

365 MEADGATE AVENUE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 365 on MEADGATE AVENUE.