6, BLACKSMITH CLOSE, SPRINGFIELD, CHELMSFORD, CM1 6SY - £285,000

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.

6 BLACKSMITH CLOSE is a very small terraced house of 60m², built sometime between 1983 and 1990, which could now be worth an estimated £333,944. It was last sold for £285,000 in May 2021, which was around 3% below the average May 2021 terraced price in the Chelmsford local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

6 BLACKSMITH CLOSE Sold Prices

Land registry data shows five sales for 6 BLACKSMITH CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. Most of the five 6 BLACKSMITH CLOSE 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
2021 28 MAY	£285,000	£293,912	3% below HPI
2015 23 NOV	£242,000	£243,798	1% below HPI
2013 24 APR	£175,000	£187,659	7% below HPI
2006 29 AUG	£150,000	£174,527	14% below HPI
1999 27 AUG	£80,000	£69,321	15% above HPI

6 BLACKSMITH CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chelmsford local authority area over time, sourced from the HPI. The five 6 BLACKSMITH CLOSE sales between August 1999 and May 2021 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 November 2015 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2021 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 6 BLACKSMITH CLOSE be worth now?

6 BLACKSMITH CLOSE might now be worth an estimated £333,944.

This is based on house price inflation of 17.2%, between May 2021 and June 2025, for terraced 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 17.2% inflationary increase is applied to the most recent sale price for 6 BLACKSMITH CLOSE of £285,000 on 28th May 2021. For the value to have increased from £285,000 to £333,944 over the three years and eleven months to June 2025, the following assumptions must hold true:

• The value of 6 BLACKSMITH CLOSE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The May 2021 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 6 BLACKSMITH CLOSE has not materially changed since May 2021.

How Large is 6 BLACKSMITH CLOSE?

6 BLACKSMITH CLOSE is 60m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% of terraced houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chelmsford, and where 6 BLACKSMITH CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 6 BLACKSMITH CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

6 BLACKSMITH CLOSE: Plot and Title Map

6 BLACKSMITH CLOSE sits on a plot of roughly 0.027 of an acre, or 111m². The below map shows the location of 6 BLACKSMITH CLOSE, 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 6 BLACKSMITH CLOSE). 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 6 BLACKSMITH CLOSE?

6 BLACKSMITH CLOSE is located in SPRINGFIELD, in the CM1 postcode district. The below map shows the position of No. 6 on BLACKSMITH CLOSE.