7, BANKSIDE CLOSE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5TT - £195,000

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.

7 BANKSIDE CLOSE is a very small detached house of 66m², built sometime between 1976 and 1982, which could now be worth an estimated £327,563. It was last sold for £195,000 in September 2013, which was around 51% below the average September 2013 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was C.

7 BANKSIDE CLOSE Sold Prices

Land registry data shows three sales for 7 BANKSIDE CLOSE 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 BANKSIDE 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
2013 2 SEP	£195,000	£396,176	51% below HPI
2009 14 DEC	£198,000	£356,291	44% below HPI
1997 27 MAR	£64,000	£113,266	43% below HPI

7 BANKSIDE CLOSE 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 BANKSIDE CLOSE sales between March 1997 and September 2013 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 December 2009 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the September 2013 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 7 BANKSIDE CLOSE be worth now?

7 BANKSIDE CLOSE might now be worth an estimated £327,563.

This is based on house price inflation of 68%, between September 2013 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 68% inflationary increase is applied to the most recent sale price for 7 BANKSIDE CLOSE of £195,000 on 2nd September 2013. For the value to have increased from £195,000 to £327,563 over the twelve years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 BANKSIDE CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2013 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BANKSIDE CLOSE has not materially changed since September 2013.

How Large is 7 BANKSIDE CLOSE?

7 BANKSIDE CLOSE is 66m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 10% of detached houses houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Woodham Ferrers, and where 7 BANKSIDE CLOSE lies on this distribution: 4% of detached houses houses are smaller than 7 BANKSIDE CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

7 BANKSIDE CLOSE: Plot and Title Map

7 BANKSIDE CLOSE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 7 BANKSIDE 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 7 BANKSIDE 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 7 BANKSIDE CLOSE?

7 BANKSIDE CLOSE is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 7 on BANKSIDE CLOSE.