EASTWAY, MAIN ROAD, HOWE STREET, CHELMSFORD, CM3 1BG - £710,000

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

EASTWAY is a midsized extended detached house of 162m², built sometime between 1996 and 2002. It was last sold for £710,000 in June 2020, which was around 23% above the average June 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

EASTWAY Sold Prices

Land registry data shows two sales for EASTWAY 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 EASTWAY 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
2020 17 JUN	£710,000	£579,580	23% above HPI
2006 28 SEP	£372,000	£344,761	8% above HPI

EASTWAY 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 EASTWAY sales from September 2006 and June 2020 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 September 2006 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the June 2020 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is EASTWAY?

EASTWAY is 162m², which includes four extensions, according to the EPC inspection conducted in January 2019. This puts it in the largest 50% of detached houses in Howe Street, based on EPC data. The below chart shows the distribution of detached houses by size in Howe Street, and where EASTWAY lies on this distribution: 58% of detached houses are smaller than EASTWAY, and 42% of houses are larger. Note that EPC data is not available for all properties in Howe Street.

EASTWAY: Plot and Title Map

EASTWAY sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of EASTWAY, 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 EASTWAY). 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 EASTWAY?

EASTWAY is located on MAIN ROAD in HOWE STREET, in the CM3 postcode district. The below map shows the position of EASTWAY on MAIN ROAD.