8, OAKLEA AVENUE, CHELMSFORD, CM2 6BY - £725,000

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 OAKLEA AVENUE is a midsized extended semi-detached house of 120m², built sometime between 1930 and 1949, which could now be worth an estimated £834,390. It was last sold for £725,000 in July 2019, which was around 103% above the average July 2019 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2013, where the current energy rating was E, and the potential energy rating was B.

8 OAKLEA AVENUE Sold Prices

Land registry data shows two sales for 8 OAKLEA AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 8 OAKLEA AVENUE sales were for above 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
2019 31 JUL	£725,000	£357,530	103% above HPI
2013 1 AUG	£401,050	£236,686	69% above HPI

8 OAKLEA AVENUE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two 8 OAKLEA AVENUE sales from August 2013 and July 2019 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 2013 sale was for 69% above the HPI. So the extrapolation line tracks at 69% above the HPI over time, until the July 2019 sale, where it rises to 103% above the HPI. The line then continues to track at 103% above the HPI.

What might 8 OAKLEA AVENUE be worth now?

8 OAKLEA AVENUE might now be worth an estimated £834,390.

This is based on house price inflation of 15.1%, between July 2019 and February 2025, for semi-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 15.1% inflationary increase is applied to the most recent sale price for 8 OAKLEA AVENUE of £725,000 on 31st July 2019. For the value to have increased from £725,000 to £834,390 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 8 OAKLEA AVENUE has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The July 2019 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OAKLEA AVENUE has not materially changed since July 2019.

How Large is 8 OAKLEA AVENUE?

8 OAKLEA AVENUE is 120m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the largest 50% of semi-detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chelmsford, and where 8 OAKLEA AVENUE lies on this distribution: 50% of semi-detached houses houses are smaller than 8 OAKLEA AVENUE, and 50% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

8 OAKLEA AVENUE: Plot and Title Map

8 OAKLEA AVENUE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 8 OAKLEA AVENUE, 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 OAKLEA AVENUE). 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 OAKLEA AVENUE?

8 OAKLEA AVENUE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 8 on OAKLEA AVENUE.