62, FAYREWOOD DRIVE, GREAT LEIGHS, CHELMSFORD, CM3 1GY - £670,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

62 FAYREWOOD DRIVE is a very large extended detached house of 219m², built sometime between 1996 and 2002. It was last sold for £670,000 in November 2020, which was around 13% above the average November 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

62 FAYREWOOD DRIVE Sold Prices

Land registry data shows three sales for 62 FAYREWOOD DRIVE 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. Two of the three 62 FAYREWOOD DRIVE sales were for above the average price, whilst one was 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
2020 24 NOV	£670,000	£592,410	13% above HPI
2006 20 OCT	£375,000	£347,440	8% above HPI
2004 24 SEP	£200,000	£332,042	40% below HPI

62 FAYREWOOD DRIVE 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 62 FAYREWOOD DRIVE sales between September 2004 and November 2020 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 2006 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the November 2020 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 62 FAYREWOOD DRIVE be worth now?

62 FAYREWOOD DRIVE might now be worth an estimated £755,211.

This is based on house price inflation of 12.7%, between November 2020 and December 2024, 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 12.7% inflationary increase is applied to the most recent sale price for 62 FAYREWOOD DRIVE of £670,000 on 24th November 2020. For the value to have increased from £670,000 to £755,211 over the three years and eleven months to December 2024, the following assumptions must hold true:

• The value of 62 FAYREWOOD DRIVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The November 2020 sale price of £670,000 represented a fair market value for the property.
• The size, condition, and specification of 62 FAYREWOOD DRIVE has not materially changed since November 2020.

How Large is 62 FAYREWOOD DRIVE?

62 FAYREWOOD DRIVE is 219m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 10% of detached houses houses in Great Leighs, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Leighs, and where 62 FAYREWOOD DRIVE lies on this distribution: 96% of detached houses houses are smaller than 62 FAYREWOOD DRIVE, and 4% of houses are larger. Note that EPC data is not available for all properties in Great Leighs.

62 FAYREWOOD DRIVE: Plot and Title Map

62 FAYREWOOD DRIVE sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 62 FAYREWOOD DRIVE, 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 62 FAYREWOOD DRIVE). 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 62 FAYREWOOD DRIVE?

62 FAYREWOOD DRIVE is located in GREAT LEIGHS, in the CM3 postcode district. The below map shows the position of No. 62 on FAYREWOOD DRIVE.