4, THE GROVE, BICKNACRE, CHELMSFORD, CM3 4XB - £150,000

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 THE GROVE is a very small detached house of 58m², built sometime between 1983 and 1990, which could now be worth an estimated £319,176. It was last sold for £150,000 in April 2004, which was around 52% below the average April 2004 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

4 THE GROVE Sold Prices

Land registry data shows three sales for 4 THE GROVE 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. All of the three 4 THE GROVE 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
2004 8 APR	£150,000	£313,817	52% below HPI
2002 18 DEC	£141,000	£280,602	50% below HPI
2001 18 DEC	£107,500	£222,139	52% below HPI

4 THE GROVE 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 THE GROVE sales between December 2001 and April 2004 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 December 2002 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the April 2004 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 4 THE GROVE be worth now?

4 THE GROVE might now be worth an estimated £319,176.

This is based on house price inflation of 112.8%, between April 2004 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 112.8% inflationary increase is applied to the most recent sale price for 4 THE GROVE of £150,000 on 8th April 2004. For the value to have increased from £150,000 to £319,176 over the nineteen years and four months to December 2024, the following assumptions must hold true:

• The value of 4 THE GROVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The April 2004 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE GROVE has not materially changed since April 2004.

How Large is 4 THE GROVE?

4 THE GROVE is 58m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of detached houses houses in Bicknacre, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bicknacre, and where 4 THE GROVE lies on this distribution: 2% of detached houses houses are smaller than 4 THE GROVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Bicknacre.

4 THE GROVE: Plot and Title Map

4 THE GROVE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 4 THE GROVE, 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 THE GROVE). 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 THE GROVE?

4 THE GROVE is located in BICKNACRE, in the CM3 postcode district. The below map shows the position of No. 4 on THE GROVE.