63, WALLACE CRESCENT, CHELMSFORD, CM2 9QN - £580,000

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.

63 WALLACE CRESCENT is a very large extended detached house of 171m², built sometime between 1950 and 1966, which could now be worth an estimated £663,676. It was last sold for £580,000 in October 2018, which was about the average October 2018 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was C.

63 WALLACE CRESCENT Sold Prices

Land registry data shows two sales for 63 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. One of the two 63 WALLACE CRESCENT sales was roughly equal to the average price, whilst the other 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
2018 29 OCT	£580,000	£581,595	Close to HPI
2001 8 AUG	£198,000	£212,073	7% below HPI

63 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 63 WALLACE CRESCENT sales from August 2001 and October 2018 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 August 2001 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2018 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 63 WALLACE CRESCENT be worth now?

63 WALLACE CRESCENT might now be worth an estimated £663,676.

This is based on house price inflation of 14.4%, between October 2018 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 14.4% inflationary increase is applied to the most recent sale price for 63 WALLACE CRESCENT of £580,000 on 29th October 2018. For the value to have increased from £580,000 to £663,676 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 63 WALLACE CRESCENT has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The October 2018 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of 63 WALLACE CRESCENT has not materially changed since October 2018.

How Large is 63 WALLACE CRESCENT?

63 WALLACE CRESCENT is 171m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the largest 20% 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 63 WALLACE CRESCENT lies on this distribution: 83% of detached houses houses are smaller than 63 WALLACE CRESCENT, and 17% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

63 WALLACE CRESCENT: Plot and Title Map

63 WALLACE CRESCENT sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 63 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 63 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 63 WALLACE CRESCENT?

63 WALLACE CRESCENT is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 63 on WALLACE CRESCENT.