HEDGE GROVE, MEADOW LANE, RUNWELL, WICKFORD, SS11 7DX - £470,000

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

HEDGE GROVE is a small detached house of 101m², built sometime between 1950 and 1966. It was last sold for £470,000 in October 2015, which was around 4% below the average October 2015 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

HEDGE GROVE Sold Prices

Land registry data shows two sales for HEDGE GROVE 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. One of the two HEDGE GROVE sales was for below the average price, whilst the other was 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
2015 5 OCT	£470,000	£492,136	4% below HPI
1998 1 MAY	£152,000	£136,447	11% above HPI

HEDGE GROVE 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 HEDGE GROVE sales from May 1998 and October 2015 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 May 1998 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the October 2015 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is HEDGE GROVE?

HEDGE GROVE is 101m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 30% of detached houses in Runwell, based on EPC data. The below chart shows the distribution of detached houses by size in Runwell, and where HEDGE GROVE lies on this distribution: 25% of detached houses are smaller than HEDGE GROVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Runwell.

HEDGE GROVE: Plot and Title Map

HEDGE GROVE sits on a plot of roughly 1.1 acres, or 4,430m². The below map shows the location of HEDGE GROVE, 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 HEDGE GROVE). 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 HEDGE GROVE?

HEDGE GROVE is located on MEADOW LANE in RUNWELL, in the SS11 postcode district. The below map shows the position of HEDGE GROVE on MEADOW LANE.