CORNERWAYS, THE COMMON, EAST HANNINGFIELD, CHELMSFORD, CM3 8AH - £625,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

CORNERWAYS is a very small extended detached house of 108m², built sometime between 1930 and 1949. It was last sold for £625,000 in February 2017, which was around 14% above the average February 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

CORNERWAYS Sold Prices

Land registry data shows three sales for CORNERWAYS 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. Two of the three CORNERWAYS sales were for above the average price, whilst one was 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
2017 9 FEB	£625,000	£549,323	14% above HPI
2010 6 OCT	£417,500	£373,762	12% above HPI
2006 1 SEP	£340,000	£344,761	1% below HPI

CORNERWAYS 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 CORNERWAYS sales between September 2006 and February 2017 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 October 2010 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the February 2017 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is CORNERWAYS?

CORNERWAYS is 108m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of detached houses in East Hanningfield, based on EPC data. The below chart shows the distribution of detached houses by size in East Hanningfield, and where CORNERWAYS lies on this distribution: 9% of detached houses are smaller than CORNERWAYS, and 91% of houses are larger. Note that EPC data is not available for all properties in East Hanningfield.

CORNERWAYS: Plot and Title Map

CORNERWAYS sits on a plot of roughly 0.212 of an acre, or 857m². The below map shows the location of CORNERWAYS, 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 CORNERWAYS). 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 CORNERWAYS?

CORNERWAYS is located on THE COMMON in EAST HANNINGFIELD, in the CM3 postcode district. The below map shows the position of CORNERWAYS on THE COMMON.