37, SPALDING WAY, CHELMSFORD, CM2 7NZ - £590,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

37 SPALDING WAY is a large extended detached house of 145m², built sometime between 1967 and 1975. It was last sold for £590,000 in May 2018, which was around 5% above the average May 2018 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

37 SPALDING WAY Sold Prices

Land registry data shows two sales for 37 SPALDING WAY 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. One of the two 37 SPALDING WAY sales was for above the average price, whilst the other was 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
2018 25 MAY	£590,000	£563,217	5% above HPI
2015 16 JUL	£402,000	£465,411	14% below HPI

37 SPALDING 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 two 37 SPALDING WAY sales from July 2015 and May 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 July 2015 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2018 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 37 SPALDING WAY?

37 SPALDING WAY is 145m², which includes three extensions, according to the EPC inspection conducted in November 2017. This puts it in the largest 30% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 37 SPALDING WAY lies on this distribution: 70% of detached houses are smaller than 37 SPALDING WAY, and 29% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

37 SPALDING WAY: Plot and Title Map

37 SPALDING WAY sits on a plot of roughly 0.183 of an acre, or 741m². The below map shows the location of 37 SPALDING 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 37 SPALDING 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 37 SPALDING WAY?

37 SPALDING WAY is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 37 on SPALDING WAY.