7, OAKLANDS CRESCENT, CHELMSFORD, CM2 9PP - £450,000

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 OAKLANDS CRESCENT is a small detached house of 96m², built sometime between 1950 and 1966, which could now be worth an estimated £434,630. It was last sold for £450,000 in August 2023, which was around 35% below the average August 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

7 OAKLANDS CRESCENT Sold Prices

Land registry data shows two sales for 7 OAKLANDS 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. Both of the two 7 OAKLANDS CRESCENT 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
2023 8 AUG	£450,000	£689,036	35% below HPI
2004 5 AUG	£250,000	£328,718	24% below HPI

7 OAKLANDS 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 7 OAKLANDS CRESCENT sales from August 2004 and August 2023 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 2004 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the August 2023 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 7 OAKLANDS CRESCENT be worth now?

7 OAKLANDS CRESCENT might now be worth an estimated £434,630.

This is based on house price deflation of 3.4%, between August 2023 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 3.4% deflationary decrease is applied to the most recent sale price for 7 OAKLANDS CRESCENT of £450,000 on 8th August 2023. For the value to have decreased from £450,000 to £434,630 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 7 OAKLANDS CRESCENT has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The August 2023 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 7 OAKLANDS CRESCENT has not materially changed since August 2023.

How Large is 7 OAKLANDS CRESCENT?

7 OAKLANDS CRESCENT is 96m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 30% 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 7 OAKLANDS CRESCENT lies on this distribution: 24% of detached houses houses are smaller than 7 OAKLANDS CRESCENT, and 75% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

7 OAKLANDS CRESCENT: Plot and Title Map

7 OAKLANDS CRESCENT sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 7 OAKLANDS 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 7 OAKLANDS 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 7 OAKLANDS CRESCENT?

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