41, MENISH WAY, CHELMSFORD, CM2 6RT - £402,500

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

41 MENISH WAY is a very small detached house of 71m², built sometime between 1976 and 1982. It was last sold for £402,500 in June 2021, which was around 32% below the average June 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

41 MENISH WAY Sold Prices

Land registry data shows three sales for 41 MENISH WAY 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 41 MENISH WAY 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
2021 30 JUN	£402,500	£592,899	32% below HPI
2007 28 FEB	£225,000	£350,299	36% below HPI
2002 6 SEP	£169,950	£260,272	35% below HPI

41 MENISH 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 three 41 MENISH WAY sales between September 2002 and June 2021 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 February 2007 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2021 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 41 MENISH WAY?

41 MENISH WAY is 71m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 41 MENISH WAY lies on this distribution: 5% of detached houses are smaller than 41 MENISH WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

41 MENISH WAY: Plot and Title Map

41 MENISH WAY sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 41 MENISH 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 41 MENISH 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 41 MENISH WAY?

41 MENISH WAY is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 41 on MENISH WAY.