4, GUNSON GATE, CHELMSFORD, CM2 9NZ - £450,000

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.

4 GUNSON GATE is a midsized detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £636,677. It was last sold for £450,000 in July 2015, which was around 4% below the average July 2015 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

4 GUNSON GATE Sold Prices

Land registry data shows three sales for 4 GUNSON GATE 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 4 GUNSON GATE 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
2015 17 JUL	£450,000	£470,373	4% below HPI
2006 2 MAY	£320,000	£339,597	6% below HPI
2000 2 MAY	£188,950	£180,781	5% above HPI

4 GUNSON GATE 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 4 GUNSON GATE sales between May 2000 and July 2015 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 May 2006 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the July 2015 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 4 GUNSON GATE be worth now?

4 GUNSON GATE might now be worth an estimated £636,677.

This is based on house price inflation of 41.5%, between July 2015 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 41.5% inflationary increase is applied to the most recent sale price for 4 GUNSON GATE of £450,000 on 17th July 2015. For the value to have increased from £450,000 to £636,677 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of 4 GUNSON GATE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 2015 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GUNSON GATE has not materially changed since July 2015.

How Large is 4 GUNSON GATE?

4 GUNSON GATE is 113m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 50% 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 4 GUNSON GATE lies on this distribution: 44% of detached houses houses are smaller than 4 GUNSON GATE, and 56% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

4 GUNSON GATE: Plot and Title Map

4 GUNSON GATE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 4 GUNSON GATE, 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 4 GUNSON GATE). 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 4 GUNSON GATE?

4 GUNSON GATE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 4 on GUNSON GATE.