47, THRIFT WOOD, BICKNACRE, CHELMSFORD, CM3 4HT - £475,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

47 THRIFT WOOD is a small detached house of 103m², built sometime between 1950 and 1966, which could now be worth an estimated £464,802. It was last sold for £475,000 in April 2023, which was around 30% below the average April 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was B.

47 THRIFT WOOD Sold Prices

Land registry data shows two sales for 47 THRIFT WOOD 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 47 THRIFT WOOD 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
2023 24 APR	£475,000	£680,102	30% below HPI
2022 18 AUG	£367,500	£695,811	47% below HPI

47 THRIFT WOOD 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 47 THRIFT WOOD sales from August 2022 and April 2023 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 August 2022 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the April 2023 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 47 THRIFT WOOD be worth now?

47 THRIFT WOOD might now be worth an estimated £464,802.

This is based on house price deflation of 2.1%, between April 2023 and February 2025, 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 2.1% deflationary decrease is applied to the most recent sale price for 47 THRIFT WOOD of £475,000 on 24th April 2023. For the value to have decreased from £475,000 to £464,802 over the two years and two months to February 2025, the following assumptions must hold true:

• The value of 47 THRIFT WOOD has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The April 2023 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 47 THRIFT WOOD has not materially changed since April 2023.

How Large is 47 THRIFT WOOD?

47 THRIFT WOOD is 103m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% 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 47 THRIFT WOOD lies on this distribution: 36% of detached houses houses are smaller than 47 THRIFT WOOD, and 63% of houses are larger. Note that EPC data is not available for all properties in Bicknacre.

47 THRIFT WOOD: Plot and Title Map

47 THRIFT WOOD sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 47 THRIFT WOOD, 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 47 THRIFT WOOD). 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 47 THRIFT WOOD?

47 THRIFT WOOD is located in BICKNACRE, in the CM3 postcode district. The below map shows the position of No. 47 on THRIFT WOOD.