71, CHESTER PLACE, CHELMSFORD, CM1 4NQ - £112,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

71 CHESTER PLACE is a very small detached house of 40m², built sometime between 1983 and 1990. It was last sold for £112,000 in March 2004, which was around 64% below the average March 2004 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

71 CHESTER PLACE Sold Prices

Land registry data shows two sales for 71 CHESTER PLACE 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 71 CHESTER PLACE 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
2004 26 MAR	£112,000	£314,044	64% below HPI
2003 11 JUL	£100,000	£301,618	67% below HPI

71 CHESTER PLACE 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 71 CHESTER PLACE sales from July 2003 and March 2004 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 July 2003 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the March 2004 sale, where it rises to 64% below the HPI. The line then continues to track at 64% below the HPI.

What might 71 CHESTER PLACE be worth now?

71 CHESTER PLACE might now be worth an estimated £238,146.

This is based on house price inflation of 112.6%, between March 2004 and December 2024, 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 112.6% inflationary increase is applied to the most recent sale price for 71 CHESTER PLACE of £112,000 on 26th March 2004. For the value to have increased from £112,000 to £238,146 over the nineteen years and three months to December 2024, the following assumptions must hold true:

• The value of 71 CHESTER PLACE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The March 2004 sale price of £112,000 represented a fair market value for the property.
• The size, condition, and specification of 71 CHESTER PLACE has not materially changed since March 2004.

How Large is 71 CHESTER PLACE?

71 CHESTER PLACE is 40m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% 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 71 CHESTER PLACE lies on this distribution: Less than 1% of detached houses houses are smaller than 71 CHESTER PLACE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

71 CHESTER PLACE: Plot and Title Map

71 CHESTER PLACE sits on a plot of roughly 1.4 acres, or 5,718m². The below map shows the location of 71 CHESTER PLACE, 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 71 CHESTER PLACE). 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 71 CHESTER PLACE?

71 CHESTER PLACE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 71 on CHESTER PLACE.