BRIARSWOOD, LUCKS LANE, HOWE STREET, CHELMSFORD, CM3 1BP - £647,500

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

BRIARSWOOD is a very large detached house of 270m², built sometime between 1976 and 1982. It was last sold for £647,500 in March 2016, which was around 24% above the average March 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was C.

BRIARSWOOD Sold Prices

Land registry data shows two sales for BRIARSWOOD 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 BRIARSWOOD 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
2016 31 MAR	£647,500	£524,026	24% above HPI
2007 5 JUL	£550,000	£383,864	43% above HPI

BRIARSWOOD 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 BRIARSWOOD sales from July 2007 and March 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 July 2007 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the March 2016 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might BRIARSWOOD be worth now?

BRIARSWOOD might now be worth an estimated £825,093.

This is based on house price inflation of 27.4%, between March 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 27.4% inflationary increase is applied to the most recent sale price for BRIARSWOOD of £647,500 on 31st March 2016. For the value to have increased from £647,500 to £825,093 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of BRIARSWOOD has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The March 2016 sale price of £647,500 represented a fair market value for the property.
• The size, condition, and specification of BRIARSWOOD has not materially changed since March 2016.

How Large is BRIARSWOOD?

BRIARSWOOD is 270m² according to the EPC inspection conducted in September 2012. This puts it in the largest 10% of detached houses houses in Howe Street, based on EPC data. The below chart shows the distribution of detached houses houses by size in Howe Street, and where BRIARSWOOD lies on this distribution: 96% of detached houses houses are smaller than BRIARSWOOD, and 4% of houses are larger. Note that EPC data is not available for all properties in Howe Street.

BRIARSWOOD: Plot and Title Map

BRIARSWOOD sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of BRIARSWOOD, 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 BRIARSWOOD). 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 BRIARSWOOD?

BRIARSWOOD is located on LUCKS LANE in HOWE STREET, in the CM3 postcode district. The below map shows the position of BRIARSWOOD on LUCKS LANE.