5, SILVESTER WAY, SPRINGFIELD, CHELMSFORD, CM2 6YZ - £336,000

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 SILVESTER WAY is a small detached house of 94m², built sometime between 2003 and 2006, which could now be worth an estimated £409,496. It was last sold for £336,000 in September 2016, which was around 38% below the average September 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

5 SILVESTER WAY Sold Prices

Land registry data shows two sales for 5 SILVESTER WAY 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 SILVESTER WAY 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
2016 28 SEP	£336,000	£546,057	38% below HPI
2000 30 JUN	£137,000	£184,374	26% below HPI

5 SILVESTER WAY 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 SILVESTER WAY sales from June 2000 and September 2016 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 2000 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2016 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 5 SILVESTER WAY be worth now?

5 SILVESTER WAY might now be worth an estimated £409,496.

This is based on house price inflation of 21.9%, between September 2016 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 21.9% inflationary increase is applied to the most recent sale price for 5 SILVESTER WAY of £336,000 on 28th September 2016. For the value to have increased from £336,000 to £409,496 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 SILVESTER WAY has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2016 sale price of £336,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SILVESTER WAY has not materially changed since September 2016.

How Large is 5 SILVESTER WAY?

5 SILVESTER WAY is 94m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 30% 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 SILVESTER WAY lies on this distribution: 22% of detached houses houses are smaller than 5 SILVESTER WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

5 SILVESTER WAY: Plot and Title Map

5 SILVESTER WAY sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 5 SILVESTER WAY, 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 SILVESTER WAY). 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 SILVESTER WAY?

5 SILVESTER WAY is located in SPRINGFIELD, in the CM2 postcode district. The below map shows the position of No. 5 on SILVESTER WAY.