56, WALLACE CRESCENT, CHELMSFORD, CM2 9QN - £83,690

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.

56 WALLACE CRESCENT is a very small detached house of 75m², built sometime between 1930 and 1949, which could now be worth an estimated £501,439. It was last sold for £83,690 in January 1997, which was around 25% below the average January 1997 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was B.

56 WALLACE CRESCENT Sold Prices

Land registry data shows two sales for 56 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 56 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
1997 17 JAN	£83,690	£111,072	25% below HPI
1996 25 OCT	£82,000	£111,590	27% below HPI

56 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 56 WALLACE CRESCENT sales from October 1996 and January 1997 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 October 1996 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 1997 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 56 WALLACE CRESCENT be worth now?

56 WALLACE CRESCENT might now be worth an estimated £501,439.

This is based on house price inflation of 499.2%, between January 1997 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 499.2% inflationary increase is applied to the most recent sale price for 56 WALLACE CRESCENT of £83,690 on 17th January 1997. For the value to have increased from £83,690 to £501,439 over the 27 years and eleven months to February 2025, the following assumptions must hold true:

• The value of 56 WALLACE CRESCENT has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The January 1997 sale price of £83,690 represented a fair market value for the property.
• The size, condition, and specification of 56 WALLACE CRESCENT has not materially changed since January 1997.

How Large is 56 WALLACE CRESCENT?

56 WALLACE CRESCENT is 75m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 10% 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 56 WALLACE CRESCENT lies on this distribution: 7% of detached houses houses are smaller than 56 WALLACE CRESCENT, and 92% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

56 WALLACE CRESCENT: Plot and Title Map

56 WALLACE CRESCENT sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of 56 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 56 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 56 WALLACE CRESCENT?

56 WALLACE CRESCENT is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 56 on WALLACE CRESCENT.