7, AVENUE ROAD, CHELMSFORD, CM2 9TY - £495,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

7 AVENUE ROAD is a very small semi-detached house of 85m², built sometime between 1950 and 1966. It was last sold for £495,000 in November 2022, which was around 28% below the average November 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

7 AVENUE ROAD Sold Prices

Land registry data shows three sales for 7 AVENUE ROAD 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. All of the three 7 AVENUE ROAD 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
2022 24 NOV	£495,000	£691,361	28% below HPI
2016 30 MAR	£360,000	£518,498	31% below HPI
2003 27 OCT	£228,000	£302,087	25% below HPI

7 AVENUE ROAD 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 7 AVENUE ROAD sales between October 2003 and November 2022 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 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 7 AVENUE ROAD?

7 AVENUE ROAD is 85m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 20% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 7 AVENUE ROAD lies on this distribution: 15% of detached houses are smaller than 7 AVENUE ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

7 AVENUE ROAD: Plot and Title Map

7 AVENUE ROAD sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 7 AVENUE ROAD, 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 7 AVENUE ROAD). 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 7 AVENUE ROAD?

7 AVENUE ROAD is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 7 on AVENUE ROAD.