FAIRFIELD, MOUNTHILL AVENUE, CHELMSFORD, CM2 6DB - £1,645,000

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

FAIRFIELD is a very large extended detached house of 241m², built sometime between 1900 and 1929. It was last sold for £1,645,000 in January 2023, which was around 141% above the average January 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2024, where the current energy rating was D, and the potential energy rating was C.

FAIRFIELD Sold Prices

Land registry data shows three sales for FAIRFIELD 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 FAIRFIELD 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 30 JAN	£1,645,000	£683,255	141% above HPI
2019 11 FEB	£1,300,000	£574,849	126% above HPI
1997 1 APR	£185,000	£114,870	61% above HPI

FAIRFIELD 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 FAIRFIELD sales between April 1997 and January 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 February 2019 sale was for 126% above the HPI. So the extrapolation line tracks at 126% above the HPI over time, until the January 2023 sale, where it rises to 141% above the HPI. The line then continues to track at 141% above the HPI.

How Large is FAIRFIELD?

FAIRFIELD is 241m², which includes one extension, according to the EPC inspection conducted in August 2024. This puts it in the largest 10% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where FAIRFIELD lies on this distribution: 96% of detached houses are smaller than FAIRFIELD, and 3% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

FAIRFIELD: Plot and Title Map

FAIRFIELD sits on a plot of roughly 0.239 of an acre, or 966m². The below map shows the location of FAIRFIELD, 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 FAIRFIELD). 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 FAIRFIELD?

FAIRFIELD is located on MOUNTHILL AVENUE in CHELMSFORD, in the CM2 postcode district. The below map shows the position of FAIRFIELD on MOUNTHILL AVENUE.