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

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

CORNERWAYS is a very small extended detached house of 108m², built sometime between 1930 and 1949, which could now be worth an estimated £751,730. It was last sold for £625,000 in February 2017, which was around 13% 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	£555,180	13% above HPI
2010 6 OCT	£417,500	£377,747	11% above HPI
2006 1 SEP	£340,000	£348,437	2% 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 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the February 2017 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might CORNERWAYS be worth now?

CORNERWAYS might now be worth an estimated £751,730.

This is based on house price inflation of 20.3%, between February 2017 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 20.3% inflationary increase is applied to the most recent sale price for CORNERWAYS of £625,000 on 9th February 2017. For the value to have increased from £625,000 to £751,730 over the six years and two months to December 2024, the following assumptions must hold true:

• The value of CORNERWAYS has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The February 2017 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of CORNERWAYS has not materially changed since February 2017.

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 houses in East Hanningfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Hanningfield, and where CORNERWAYS lies on this distribution: 9% of detached houses 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.