40, PRIORY ROAD, BICKNACRE, CHELMSFORD, CM3 4EY - £485,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 PRIORY ROAD is a very small detached house of 66m², built sometime between 1950 and 1966. It was last sold for £485,000 in July 2016, which was around 8% below the average July 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was C.

40 PRIORY ROAD Sold Prices

Land registry data shows two sales for 40 PRIORY ROAD 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 40 PRIORY ROAD 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
2016 15 JUL	£485,000	£524,445	8% below HPI
2014 17 MAR	£250,000	£414,017	40% below HPI

40 PRIORY ROAD 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 40 PRIORY ROAD sales from March 2014 and July 2016 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 2014 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2016 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 40 PRIORY ROAD?

40 PRIORY ROAD is 66m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses in Bicknacre, based on EPC data. The below chart shows the distribution of detached houses by size in Bicknacre, and where 40 PRIORY ROAD lies on this distribution: 3% of detached houses are smaller than 40 PRIORY ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Bicknacre.

40 PRIORY ROAD: Plot and Title Map

40 PRIORY ROAD sits on a plot of roughly 0.179 of an acre, or 724m². The below map shows the location of 40 PRIORY ROAD, 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 40 PRIORY ROAD). 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 40 PRIORY ROAD?

40 PRIORY ROAD is located in BICKNACRE, in the CM3 postcode district. The below map shows the position of No. 40 on PRIORY ROAD.