7, THE BIGHT, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5GJ - £675,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 THE BIGHT is a large extended detached house of 133m², built sometime between 1991 and 1995. It was last sold for £675,000 in June 2023, which was around 1% above the average June 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

7 THE BIGHT Sold Prices

Land registry data shows five sales for 7 THE BIGHT since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. The five 7 THE BIGHT sales were a mix of above the average price, roughly equal to the average price, and 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 JUN	£675,000	£666,023	1% above HPI
2014 3 MAR	£390,000	£414,017	6% below HPI
2012 31 JUL	£368,000	£380,944	3% below HPI
2010 12 FEB	£355,000	£354,375	Close to HPI
1997 21 AUG	£147,000	£126,702	16% above HPI

7 THE BIGHT 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 five 7 THE BIGHT sales between August 1997 and June 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 March 2014 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2023 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 7 THE BIGHT?

7 THE BIGHT is 133m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the largest 30% of detached houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses by size in South Woodham Ferrers, and where 7 THE BIGHT lies on this distribution: 72% of detached houses are smaller than 7 THE BIGHT, and 27% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

7 THE BIGHT: Plot and Title Map

7 THE BIGHT sits on a plot of roughly 0.131 of an acre, or 530m². The below map shows the location of 7 THE BIGHT, 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 THE BIGHT). 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 THE BIGHT?

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