8, PITFIELD, CHELMSFORD, CM2 9QY - £375,000

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

8 PITFIELD is a small detached house of 94m², built sometime between 1991 and 1995, which could now be worth an estimated £461,432. It was last sold for £375,000 in December 2016, which was around 31% below the average December 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

8 PITFIELD Sold Prices

Land registry data shows two sales for 8 PITFIELD 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 8 PITFIELD 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 12 DEC	£375,000	£542,675	31% below HPI
1997 27 FEB	£97,500	£112,920	14% below HPI

8 PITFIELD 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 8 PITFIELD sales from February 1997 and December 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 February 1997 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2016 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 8 PITFIELD be worth now?

8 PITFIELD might now be worth an estimated £461,432.

This is based on house price inflation of 23%, between December 2016 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 23% inflationary increase is applied to the most recent sale price for 8 PITFIELD of £375,000 on 12th December 2016. For the value to have increased from £375,000 to £461,432 over the eight years to December 2024, the following assumptions must hold true:

• The value of 8 PITFIELD has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The December 2016 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PITFIELD has not materially changed since December 2016.

How Large is 8 PITFIELD?

8 PITFIELD is 94m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 30% 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 8 PITFIELD lies on this distribution: 22% of detached houses houses are smaller than 8 PITFIELD, and 78% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

8 PITFIELD: Plot and Title Map

8 PITFIELD sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 8 PITFIELD, 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 PITFIELD). 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 PITFIELD?

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