4, KAY CLOSE, GREAT LEIGHS, CHELMSFORD, CM3 1RU - £400,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 KAY CLOSE is a midsized detached house of 121m², built sometime between 1983 and 1990. It was last sold for £400,000 in September 2017, which was around 30% below the average September 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

4 KAY CLOSE Sold Prices

Land registry data shows four sales for 4 KAY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the four 4 KAY CLOSE 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
2017 20 SEP	£400,000	£568,831	30% below HPI
2006 26 MAY	£330,000	£339,597	3% below HPI
2005 16 DEC	£230,000	£330,721	30% below HPI
1997 19 JUN	£117,000	£121,979	4% below HPI

4 KAY CLOSE 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 four 4 KAY CLOSE sales between June 1997 and September 2017 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 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2017 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 4 KAY CLOSE be worth now?

4 KAY CLOSE might now be worth an estimated £469,562.

This is based on house price inflation of 17.4%, between September 2017 and December 2024, 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 17.4% inflationary increase is applied to the most recent sale price for 4 KAY CLOSE of £400,000 on 20th September 2017. For the value to have increased from £400,000 to £469,562 over the six years and nine months to December 2024, the following assumptions must hold true:

• The value of 4 KAY CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2017 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 4 KAY CLOSE has not materially changed since September 2017.

How Large is 4 KAY CLOSE?

4 KAY CLOSE is 121m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 50% of detached houses houses in Great Leighs, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Leighs, and where 4 KAY CLOSE lies on this distribution: 49% of detached houses houses are smaller than 4 KAY CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Great Leighs.

4 KAY CLOSE: Plot and Title Map

4 KAY CLOSE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 4 KAY CLOSE, 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 KAY CLOSE). 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 KAY CLOSE?

4 KAY CLOSE is located in GREAT LEIGHS, in the CM3 postcode district. The below map shows the position of No. 4 on KAY CLOSE.