37, OAK LODGE TYE, SPRINGFIELD, CHELMSFORD, CM1 6GY - £520,000

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.

37 OAK LODGE TYE is a very small extended detached house of 66m², built sometime between 1976 and 1982, which could now be worth an estimated £595,020. It was last sold for £520,000 in October 2018, which was around 11% below the average October 2018 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was D.

37 OAK LODGE TYE Sold Prices

Land registry data shows three sales for 37 OAK LODGE TYE 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. Two of the three 37 OAK LODGE TYE sales were for below the average price, whilst one was for above 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
2018 31 OCT	£520,000	£581,595	11% below HPI
2012 23 MAR	£361,892	£366,021	1% below HPI
2000 4 AUG	£209,000	£193,303	8% above HPI

37 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 three 37 OAK LODGE TYE sales between August 2000 and October 2018 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 2012 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the October 2018 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 37 OAK LODGE TYE be worth now?

37 OAK LODGE TYE might now be worth an estimated £595,020.

This is based on house price inflation of 14.4%, between October 2018 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 14.4% inflationary increase is applied to the most recent sale price for 37 OAK LODGE TYE of £520,000 on 31st October 2018. For the value to have increased from £520,000 to £595,020 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 37 OAK LODGE TYE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The October 2018 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of 37 OAK LODGE TYE has not materially changed since October 2018.

How Large is 37 OAK LODGE TYE?

37 OAK LODGE TYE is 66m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% 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 37 OAK LODGE TYE lies on this distribution: 4% of detached houses houses are smaller than 37 OAK LODGE TYE, and 96% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

37 OAK LODGE TYE: Plot and Title Map

37 OAK LODGE TYE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 37 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 37 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 37 OAK LODGE TYE?

37 OAK LODGE TYE is located in SPRINGFIELD, in the CM1 postcode district. The below map shows the position of No. 37 on OAK LODGE TYE.