50, WALLACE CRESCENT, CHELMSFORD, CM2 9QN - £357,500

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.

50 WALLACE CRESCENT is a small detached house of 95m², built sometime between 1950 and 1966, which could now be worth an estimated £403,423. It was last sold for £357,500 in June 2019, which was around 39% below the average June 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was C.

50 WALLACE CRESCENT Sold Prices

Land registry data shows two sales for 50 WALLACE CRESCENT 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 50 WALLACE CRESCENT 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
2019 21 JUN	£357,500	£589,745	39% below HPI
1999 12 MAR	£116,000	£142,216	18% below HPI

50 WALLACE CRESCENT 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 50 WALLACE CRESCENT sales from March 1999 and June 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 March 1999 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2019 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 50 WALLACE CRESCENT be worth now?

50 WALLACE CRESCENT might now be worth an estimated £403,423.

This is based on house price inflation of 12.8%, between June 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 12.8% inflationary increase is applied to the most recent sale price for 50 WALLACE CRESCENT of £357,500 on 21st June 2019. For the value to have increased from £357,500 to £403,423 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of 50 WALLACE CRESCENT has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2019 sale price of £357,500 represented a fair market value for the property.
• The size, condition, and specification of 50 WALLACE CRESCENT has not materially changed since June 2019.

How Large is 50 WALLACE CRESCENT?

50 WALLACE CRESCENT is 95m² according to the EPC inspection conducted in September 2018. 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 50 WALLACE CRESCENT lies on this distribution: 23% of detached houses houses are smaller than 50 WALLACE CRESCENT, and 76% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

50 WALLACE CRESCENT: Plot and Title Map

50 WALLACE CRESCENT sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of 50 WALLACE CRESCENT, 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 50 WALLACE CRESCENT). 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 50 WALLACE CRESCENT?

50 WALLACE CRESCENT is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 50 on WALLACE CRESCENT.