8, ALDERBURY LEA, BICKNACRE, CHELMSFORD, CM3 4XQ - £303,000

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.

8 ALDERBURY LEA is a very small detached house of 75m², built sometime between 1983 and 1990, which could now be worth an estimated £345,328. It was last sold for £303,000 in November 2018, which was around 48% below the average November 2018 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

8 ALDERBURY LEA Sold Prices

Land registry data shows four sales for 8 ALDERBURY LEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the four 8 ALDERBURY LEA 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
2018 9 NOV	£303,000	£583,928	48% below HPI
2013 25 JAN	£199,995	£384,367	48% below HPI
2001 27 NOV	£105,000	£219,043	52% below HPI
1998 16 JUN	£73,950	£138,817	47% below HPI

8 ALDERBURY LEA 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 four 8 ALDERBURY LEA sales between June 1998 and November 2018 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 January 2013 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the November 2018 sale, which was also at 48% below the HPI.

What might 8 ALDERBURY LEA be worth now?

8 ALDERBURY LEA might now be worth an estimated £345,328.

This is based on house price inflation of 14%, between November 2018 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 14% inflationary increase is applied to the most recent sale price for 8 ALDERBURY LEA of £303,000 on 9th November 2018. For the value to have increased from £303,000 to £345,328 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 ALDERBURY LEA has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The November 2018 sale price of £303,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ALDERBURY LEA has not materially changed since November 2018.

How Large is 8 ALDERBURY LEA?

8 ALDERBURY LEA is 75m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 10% of detached houses houses in Bicknacre, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bicknacre, and where 8 ALDERBURY LEA lies on this distribution: 5% of detached houses houses are smaller than 8 ALDERBURY LEA, and 95% of houses are larger. Note that EPC data is not available for all properties in Bicknacre.

8 ALDERBURY LEA: Plot and Title Map

8 ALDERBURY LEA sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of 8 ALDERBURY LEA, 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 8 ALDERBURY LEA). 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 8 ALDERBURY LEA?

8 ALDERBURY LEA is located in BICKNACRE, in the CM3 postcode district. The below map shows the position of No. 8 on ALDERBURY LEA.