5, MACE WALK, CHELMSFORD, CM1 2GE - £650,000

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 MACE WALK is a large detached house of 141m², built sometime between 1996 and 2002, which could now be worth an estimated £721,662. It was last sold for £650,000 in May 2019, which was around 8% above the average May 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

5 MACE WALK Sold Prices

Land registry data shows three sales for 5 MACE WALK 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 5 MACE WALK sales were for above 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
2019 16 MAY	£650,000	£599,416	8% above HPI
2010 11 AUG	£435,000	£371,635	17% above HPI
1996 4 APR	£174,950	£103,249	69% above HPI

5 MACE WALK 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 5 MACE WALK sales between April 1996 and May 2019 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 2010 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the May 2019 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 5 MACE WALK be worth now?

5 MACE WALK might now be worth an estimated £721,662.

This is based on house price inflation of 11%, between May 2019 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 11% inflationary increase is applied to the most recent sale price for 5 MACE WALK of £650,000 on 16th May 2019. For the value to have increased from £650,000 to £721,662 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 5 MACE WALK has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The May 2019 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MACE WALK has not materially changed since May 2019.

How Large is 5 MACE WALK?

5 MACE WALK is 141m² according to the EPC inspection conducted in February 2010. This puts it in the largest 40% 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 MACE WALK lies on this distribution: 67% of detached houses houses are smaller than 5 MACE WALK, and 33% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

5 MACE WALK: Plot and Title Map

5 MACE WALK sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 5 MACE WALK, 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 MACE WALK). 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 MACE WALK?

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