7, THE SPINNAKER, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5GL - £395,000

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 SPINNAKER is a small detached house of 100m², built sometime between 1983 and 1990. It was last sold for £395,000 in August 2016, which was around 27% below the average August 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was C.

7 THE SPINNAKER Sold Prices

Land registry data shows two sales for 7 THE SPINNAKER 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 THE SPINNAKER 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
2016 25 AUG	£395,000	£538,334	27% below HPI
2004 23 APR	£300,000	£310,507	3% below HPI

7 THE SPINNAKER 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 THE SPINNAKER sales from April 2004 and August 2016 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 April 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2016 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 7 THE SPINNAKER?

7 THE SPINNAKER is 100m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 40% 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 SPINNAKER lies on this distribution: 35% of detached houses are smaller than 7 THE SPINNAKER, and 63% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

7 THE SPINNAKER: Plot and Title Map

7 THE SPINNAKER sits on a plot of roughly 0.177 of an acre, or 717m². The below map shows the location of 7 THE SPINNAKER, 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 SPINNAKER). 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 SPINNAKER?

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