GAVEA, THE RIDGE, LITTLE BADDOW, CHELMSFORD, CM3 4RZ - £1,670,000

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

GAVEA is a small extended detached house of 125m², built sometime between 1950 and 1966. It was last sold for £1,670,000 in August 2017, which was around 194% above the average August 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2013, where the current energy rating was E, and the potential energy rating was B.

GAVEA Sold Prices

Land registry data shows four sales for GAVEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the four GAVEA 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
2017 31 AUG	£1,670,000	£568,445	194% above HPI
2015 30 JAN	£1,500,000	£452,225	232% above HPI
2013 23 AUG	£700,000	£390,498	79% above HPI
2001 1 JUN	£400,000	£203,015	97% above HPI

GAVEA 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 four GAVEA sales between June 2001 and August 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 January 2015 sale was for 232% above the HPI. So the extrapolation line tracks at 232% above the HPI over time, until the August 2017 sale, where it falls to 194% above the HPI. The line then continues to track at 194% above the HPI.

How Large is GAVEA?

GAVEA is 125m², which includes one extension, according to the EPC inspection conducted in January 2013. This puts it in the smallest 40% of detached houses in Danbury, based on EPC data. The below chart shows the distribution of detached houses by size in Danbury, and where GAVEA lies on this distribution: 33% of detached houses are smaller than GAVEA, and 66% of houses are larger. Note that EPC data is not available for all properties in Danbury.

GAVEA: Plot and Title Map

GAVEA sits on a plot of roughly 1.1 acres, or 4,315m². The below map shows the location of GAVEA, 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 GAVEA). 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 GAVEA?

GAVEA is located on THE RIDGE in LITTLE BADDOW, in the CM3 postcode district. The below map shows the position of GAVEA on THE RIDGE.