CHERRY TREE, SOUTH HANNINGFIELD WAY, RUNWELL, WICKFORD, SS11 7DT - £690,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

CHERRY TREE is a large extended detached house of 144m², built sometime between 1950 and 1966. It was last sold for £690,000 in December 2023, which was around 6% above the average December 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

CHERRY TREE Sold Prices

Land registry data shows three sales for CHERRY TREE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three CHERRY TREE 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
2023 20 DEC	£690,000	£651,540	6% above HPI
2002 10 JUN	£335,000	£245,730	36% above HPI
1996 20 DEC	£149,000	£110,532	35% above HPI

CHERRY TREE 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 three CHERRY TREE sales between December 1996 and December 2023 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 June 2002 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the December 2023 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is CHERRY TREE?

CHERRY TREE is 144m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the largest 40% of detached houses in Runwell, based on EPC data. The below chart shows the distribution of detached houses by size in Runwell, and where CHERRY TREE lies on this distribution: 67% of detached houses are smaller than CHERRY TREE, and 31% of houses are larger. Note that EPC data is not available for all properties in Runwell.

CHERRY TREE: Plot and Title Map

CHERRY TREE sits on a plot of roughly 0.444 of an acre, or 1,795m². The below map shows the location of CHERRY TREE, 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 CHERRY TREE). 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 CHERRY TREE?

CHERRY TREE is located on SOUTH HANNINGFIELD WAY in RUNWELL, in the SS11 postcode district. The below map shows the position of CHERRY TREE on SOUTH HANNINGFIELD WAY.