40, WHARTON DRIVE, SPRINGFIELD, CHELMSFORD, CM1 6BF - £282,000

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 WHARTON DRIVE is a small extended semi-detached house of 95m², built sometime between 1996 and 2002. It was last sold for £282,000 in July 2007, which was around 26% below the average July 2007 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

40 WHARTON DRIVE Sold Prices

Land registry data shows two sales for 40 WHARTON DRIVE 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 WHARTON DRIVE 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
2007 12 JUL	£282,000	£379,815	26% below HPI
2002 11 OCT	£225,000	£265,315	15% below HPI

40 WHARTON 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 two 40 WHARTON DRIVE sales from October 2002 and July 2007 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 October 2002 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2007 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 40 WHARTON DRIVE?

40 WHARTON DRIVE is 95m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 30% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 40 WHARTON DRIVE lies on this distribution: 24% of detached houses are smaller than 40 WHARTON DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

40 WHARTON DRIVE: Plot and Title Map

40 WHARTON DRIVE sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 40 WHARTON 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 40 WHARTON 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 40 WHARTON DRIVE?

40 WHARTON DRIVE is located in SPRINGFIELD, in the CM1 postcode district. The below map shows the position of No. 40 on WHARTON DRIVE.