38, GANDALFS RIDE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5WS - £440,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

38 GANDALFS RIDE is a midsized extended semi-detached house of 105m², built sometime between 1983 and 1990. It was last sold for £440,000 in October 2020, which was around 25% below the average October 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

38 GANDALFS RIDE Sold Prices

Land registry data shows five sales for 38 GANDALFS RIDE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the five 38 GANDALFS RIDE 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
2020 1 OCT	£440,000	£589,349	25% below HPI
2016 21 OCT	£400,000	£539,749	26% below HPI
2007 1 OCT	£285,000	£386,390	26% below HPI
2003 12 SEP	£233,000	£302,214	23% below HPI
2000 4 SEP	£155,000	£195,679	21% below HPI

38 GANDALFS RIDE 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 five 38 GANDALFS RIDE sales between September 2000 and October 2020 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 October 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2020 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 38 GANDALFS RIDE?

38 GANDALFS RIDE is 105m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 50% of detached houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses by size in South Woodham Ferrers, and where 38 GANDALFS RIDE lies on this distribution: 42% of detached houses are smaller than 38 GANDALFS RIDE, and 57% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

38 GANDALFS RIDE: Plot and Title Map

38 GANDALFS RIDE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 38 GANDALFS RIDE, 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 38 GANDALFS RIDE). 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 38 GANDALFS RIDE?

38 GANDALFS RIDE is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 38 on GANDALFS RIDE.