5, CLOVER DRIVE, CHELMSFORD, CM1 4FT - £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.

5 CLOVER DRIVE is a very small detached house of 90m², which could now be worth an estimated £461,941. It was last sold for £475,000 in February 2023, which was around 31% below the average February 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2020, where the current energy rating was B, and the potential energy rating was A.

5 CLOVER DRIVE Sold Prices

Land registry data shows two sales for 5 CLOVER 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 5 CLOVER 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
2023 3 FEB	£475,000	£684,314	31% below HPI
2020 30 JUN	£425,000	£585,760	27% below HPI

5 CLOVER 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 5 CLOVER DRIVE sales from June 2020 and February 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 June 2020 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2023 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 5 CLOVER DRIVE be worth now?

5 CLOVER DRIVE might now be worth an estimated £461,941.

This is based on house price deflation of 2.7%, between February 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 2.7% deflationary decrease is applied to the most recent sale price for 5 CLOVER DRIVE of £475,000 on 3rd February 2023. For the value to have decreased from £475,000 to £461,941 over the two years to February 2025, the following assumptions must hold true:

• The value of 5 CLOVER DRIVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The February 2023 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CLOVER DRIVE has not materially changed since February 2023.

How Large is 5 CLOVER DRIVE?

5 CLOVER DRIVE is 90m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where 5 CLOVER DRIVE lies on this distribution: 19% of detached houses houses are smaller than 5 CLOVER DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

5 CLOVER DRIVE: Plot and Title Map

5 CLOVER DRIVE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 5 CLOVER 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 5 CLOVER 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 5 CLOVER DRIVE?

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