4, SILVESTER WAY, SPRINGFIELD, CHELMSFORD, CM2 6YZ - £600,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 SILVESTER WAY is a midsized detached house of 114m², built sometime between 1996 and 2002. It was last sold for £600,000 in December 2022, which was around 12% below the average December 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

4 SILVESTER WAY Sold Prices

Land registry data shows four sales for 4 SILVESTER WAY 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. two of the four 4 SILVESTER WAY sales were for below the average price, and four 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
2022 12 DEC	£600,000	£685,542	12% below HPI
2021 30 APR	£545,000	£590,278	8% below HPI
2006 10 MAY	£341,000	£336,015	1% above HPI
2000 27 JUL	£195,000	£186,211	5% above HPI

4 SILVESTER WAY 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 SILVESTER WAY sales between July 2000 and December 2022 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 2021 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2022 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 4 SILVESTER WAY?

4 SILVESTER WAY is 114m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 50% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 4 SILVESTER WAY lies on this distribution: 45% of detached houses are smaller than 4 SILVESTER WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

4 SILVESTER WAY: Plot and Title Map

4 SILVESTER WAY sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 4 SILVESTER WAY, 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 SILVESTER WAY). 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 SILVESTER WAY?

4 SILVESTER WAY is located in SPRINGFIELD, in the CM2 postcode district. The below map shows the position of No. 4 on SILVESTER WAY.