4, LOUVAIN DRIVE, SPRINGFIELD, CHELMSFORD, CM1 6BA - £449,950

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 LOUVAIN DRIVE is a midsized detached house of 128m², built sometime between 1996 and 2002, which could now be worth an estimated £785,051. It was last sold for £449,950 in November 2010, which was around 18% above the average November 2010 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was C.

4 LOUVAIN DRIVE Sold Prices

Land registry data shows four sales for 4 LOUVAIN DRIVE 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 LOUVAIN DRIVE sales were 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
2010 26 NOV	£449,950	£381,430	18% above HPI
2005 18 JUL	£391,500	£333,225	17% above HPI
2003 5 DEC	£371,000	£304,817	22% above HPI
2001 19 DEC	£315,000	£222,139	42% above HPI

4 LOUVAIN DRIVE 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 LOUVAIN DRIVE sales between December 2001 and November 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 July 2005 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2010 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 4 LOUVAIN DRIVE be worth now?

4 LOUVAIN DRIVE might now be worth an estimated £785,051.

This is based on house price inflation of 74.5%, between November 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 74.5% inflationary increase is applied to the most recent sale price for 4 LOUVAIN DRIVE of £449,950 on 26th November 2010. For the value to have increased from £449,950 to £785,051 over the fifteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 4 LOUVAIN DRIVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The November 2010 sale price of £449,950 represented a fair market value for the property.
• The size, condition, and specification of 4 LOUVAIN DRIVE has not materially changed since November 2010.

How Large is 4 LOUVAIN DRIVE?

4 LOUVAIN DRIVE is 128m² according to the EPC inspection conducted in September 2010. This puts it in the largest 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 LOUVAIN DRIVE lies on this distribution: 57% of detached houses houses are smaller than 4 LOUVAIN DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

4 LOUVAIN DRIVE: Plot and Title Map

4 LOUVAIN DRIVE sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 4 LOUVAIN DRIVE, 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 LOUVAIN DRIVE). 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 LOUVAIN DRIVE?

4 LOUVAIN DRIVE is located in SPRINGFIELD, in the CM1 postcode district. The below map shows the position of No. 4 on LOUVAIN DRIVE.