38, HOPKINS MEAD, CHELMSFORD, CM2 6SS - £267,500

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.

38 HOPKINS MEAD is a small detached house of 98m², built sometime between 1983 and 1990, which could now be worth an estimated £480,391. It was last sold for £267,500 in May 2010, which was around 28% below the average May 2010 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2009, where the current energy rating was E, and the potential energy rating was D.

38 HOPKINS MEAD Sold Prices

Land registry data shows three sales for 38 HOPKINS MEAD 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 38 HOPKINS MEAD 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
2010 10 MAY	£267,500	£370,576	28% below HPI
1999 15 APR	£106,000	£146,639	28% below HPI
1997 13 JAN	£89,995	£111,072	19% below HPI

38 HOPKINS MEAD 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 38 HOPKINS MEAD sales between January 1997 and May 2010 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 April 1999 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2010 sale, which was also at 28% below the HPI.

What might 38 HOPKINS MEAD be worth now?

38 HOPKINS MEAD might now be worth an estimated £480,391.

This is based on house price inflation of 79.6%, between May 2010 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 79.6% inflationary increase is applied to the most recent sale price for 38 HOPKINS MEAD of £267,500 on 10th May 2010. For the value to have increased from £267,500 to £480,391 over the fifteen years and three months to February 2025, the following assumptions must hold true:

• The value of 38 HOPKINS MEAD has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The May 2010 sale price of £267,500 represented a fair market value for the property.
• The size, condition, and specification of 38 HOPKINS MEAD has not materially changed since May 2010.

How Large is 38 HOPKINS MEAD?

38 HOPKINS MEAD is 98m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 30% 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 38 HOPKINS MEAD lies on this distribution: 28% of detached houses houses are smaller than 38 HOPKINS MEAD, and 72% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

38 HOPKINS MEAD: Plot and Title Map

38 HOPKINS MEAD sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 38 HOPKINS MEAD, 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 HOPKINS MEAD). 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 HOPKINS MEAD?

38 HOPKINS MEAD is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 38 on HOPKINS MEAD.