5, CHIGNAL ROAD, CHELMSFORD, CM1 2JA - £450,000

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

5 CHIGNAL ROAD is a small detached house of 98m², built sometime between 1950 and 1966. It was last sold for £450,000 in June 2017, which was around 20% below the average June 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

5 CHIGNAL ROAD Sold Prices

Land registry data shows two sales for 5 CHIGNAL 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 5 CHIGNAL 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
2017 29 JUN	£450,000	£560,464	20% below HPI
2015 6 FEB	£349,995	£453,774	23% below HPI

5 CHIGNAL 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 5 CHIGNAL ROAD sales from February 2015 and June 2017 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 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2017 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 5 CHIGNAL ROAD?

5 CHIGNAL ROAD is 98m² according to the EPC inspection conducted in September 2014. 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 5 CHIGNAL ROAD lies on this distribution: 27% of detached houses are smaller than 5 CHIGNAL ROAD, and 72% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

5 CHIGNAL ROAD: Plot and Title Map

5 CHIGNAL ROAD sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of 5 CHIGNAL 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 5 CHIGNAL 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 5 CHIGNAL ROAD?

5 CHIGNAL ROAD is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 5 on CHIGNAL ROAD.