48, PARADISE ROAD, WRITTLE, CHELMSFORD, CM1 3HP - £745,000

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.

48 PARADISE ROAD is a very large detached house of 180m², built sometime between 2003 and 2006, which could now be worth an estimated £850,571. It was last sold for £745,000 in June 2020, which was around 27% above the average June 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

48 PARADISE ROAD Sold Prices

Land registry data shows four sales for 48 PARADISE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. two of the four 48 PARADISE ROAD sales were for above the average price, and four 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
2020 5 JUN	£745,000	£585,760	27% above HPI
2009 27 NOV	£500,000	£357,543	40% above HPI
2007 6 AUG	£297,500	£389,707	24% below HPI
2006 10 MAR	£260,000	£335,363	22% below HPI

48 PARADISE 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 four 48 PARADISE ROAD sales between March 2006 and June 2020 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 November 2009 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the June 2020 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 48 PARADISE ROAD be worth now?

48 PARADISE ROAD might now be worth an estimated £850,571.

This is based on house price inflation of 14.2%, between June 2020 and March 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 14.2% inflationary increase is applied to the most recent sale price for 48 PARADISE ROAD of £745,000 on 5th June 2020. For the value to have increased from £745,000 to £850,571 over the five years and three months to March 2025, the following assumptions must hold true:

• The value of 48 PARADISE ROAD has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2020 sale price of £745,000 represented a fair market value for the property.
• The size, condition, and specification of 48 PARADISE ROAD has not materially changed since June 2020.

How Large is 48 PARADISE ROAD?

48 PARADISE ROAD is 180m² according to the EPC inspection conducted in April 2019. This puts it in the largest 20% of detached houses houses in Writtle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Writtle, and where 48 PARADISE ROAD lies on this distribution: 85% of detached houses houses are smaller than 48 PARADISE ROAD, and 14% of houses are larger. Note that EPC data is not available for all properties in Writtle.

48 PARADISE ROAD: Plot and Title Map

48 PARADISE ROAD sits on a plot of roughly 0.181 of an acre, or 731m². The below map shows the location of 48 PARADISE 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 48 PARADISE 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 48 PARADISE ROAD?

48 PARADISE ROAD is located in WRITTLE, in the CM1 postcode district. The below map shows the position of No. 48 on PARADISE ROAD.