HIGHFIELDS, BUTTS WAY, CHELMSFORD, CM2 8TJ - £500,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

HIGHFIELDS is a very small detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £909,102. It was last sold for £500,000 in March 2012, which was around 37% above the average March 2012 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2011, where the current energy rating was C, and the potential energy rating was C.

HIGHFIELDS Sold Prices

Land registry data shows two sales for HIGHFIELDS 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 HIGHFIELDS sales was for above the average price, whilst the other 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
2012 15 MAR	£500,000	£366,021	37% above HPI
2010 10 MAY	£351,000	£370,576	5% below HPI

HIGHFIELDS 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 HIGHFIELDS sales from May 2010 and March 2012 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 2010 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2012 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might HIGHFIELDS be worth now?

HIGHFIELDS might now be worth an estimated £909,102.

This is based on house price inflation of 81.8%, between March 2012 and February 2025, 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 81.8% inflationary increase is applied to the most recent sale price for HIGHFIELDS of £500,000 on 15th March 2012. For the value to have increased from £500,000 to £909,102 over the thirteen years and one month to February 2025, the following assumptions must hold true:

• The value of HIGHFIELDS has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The March 2012 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of HIGHFIELDS has not materially changed since March 2012.

How Large is HIGHFIELDS?

HIGHFIELDS is 70m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where HIGHFIELDS lies on this distribution: 5% of detached houses houses are smaller than HIGHFIELDS, and 95% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

HIGHFIELDS: Plot and Title Map

HIGHFIELDS sits on a plot of roughly 0.217 of an acre, or 878m². The below map shows the location of HIGHFIELDS, 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 HIGHFIELDS). 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 HIGHFIELDS?

HIGHFIELDS is located on BUTTS WAY in CHELMSFORD, in the CM2 postcode district. The below map shows the position of HIGHFIELDS on BUTTS WAY.