4, MIMOSA CLOSE, CHELMSFORD, CM1 6NW - £345,000

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 MIMOSA CLOSE is a midsized detached house of 117m², built sometime between 1976 and 1982, which could now be worth an estimated £500,073. It was last sold for £345,000 in May 2015, which was around 25% below the average May 2015 detached price in the Chelmsford local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

4 MIMOSA CLOSE Sold Prices

Land registry data shows two sales for 4 MIMOSA CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 4 MIMOSA 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
2015 13 MAY	£345,000	£459,129	25% below HPI
2009 11 MAR	£220,000	£319,307	31% below HPI

4 MIMOSA 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 two 4 MIMOSA CLOSE sales from March 2009 and May 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 March 2009 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2015 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 4 MIMOSA CLOSE be worth now?

4 MIMOSA CLOSE might now be worth an estimated £500,073.

This is based on house price inflation of 44.9%, between May 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 44.9% inflationary increase is applied to the most recent sale price for 4 MIMOSA CLOSE of £345,000 on 13th May 2015. For the value to have increased from £345,000 to £500,073 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 4 MIMOSA CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The May 2015 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MIMOSA CLOSE has not materially changed since May 2015.

How Large is 4 MIMOSA CLOSE?

4 MIMOSA CLOSE is 117m² according to the EPC inspection conducted in December 2014. 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 MIMOSA CLOSE lies on this distribution: 47% of detached houses houses are smaller than 4 MIMOSA CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

4 MIMOSA CLOSE: Plot and Title Map

4 MIMOSA CLOSE sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 4 MIMOSA 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 MIMOSA 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 MIMOSA CLOSE?

4 MIMOSA CLOSE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 4 on MIMOSA CLOSE.