HIGHWAYS, THE STREET, HATFIELD PEVEREL, CHELMSFORD, CM3 2EG - £316,000

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.

HIGHWAYS is a small extended detached house of 109m², built sometime between 1996 and 2002, which could now be worth an estimated £365,783. It was last sold for £316,000 in July 2019, which was around 35% below the average July 2019 detached price in the Braintree local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

HIGHWAYS Sold Prices

Land registry data shows three sales for HIGHWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three HIGHWAYS sales were 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
2019 2 JUL	£316,000	£488,164	35% below HPI
2009 22 DEC	£200,000	£300,082	33% below HPI
1997 21 JUL	£72,500	£105,858	32% below HPI

HIGHWAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The three HIGHWAYS sales between July 1997 and July 2019 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 December 2009 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 2019 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might HIGHWAYS be worth now?

HIGHWAYS might now be worth an estimated £365,783.

This is based on house price inflation of 15.8%, between July 2019 and March 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.8% inflationary increase is applied to the most recent sale price for HIGHWAYS of £316,000 on 2nd July 2019. For the value to have increased from £316,000 to £365,783 over the six years and four months to March 2025, the following assumptions must hold true:

• The value of HIGHWAYS has moved in line with the HPI for detached houses in the Braintree local authority area.
• The July 2019 sale price of £316,000 represented a fair market value for the property.
• The size, condition, and specification of HIGHWAYS has not materially changed since July 2019.

How Large is HIGHWAYS?

HIGHWAYS is 109m², which includes two extensions, according to the EPC inspection conducted in November 2018. This puts it in the smallest 40% of detached houses houses in Hatfield Peverel, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hatfield Peverel, and where HIGHWAYS lies on this distribution: 37% of detached houses houses are smaller than HIGHWAYS, and 62% of houses are larger. Note that EPC data is not available for all properties in Hatfield Peverel.

HIGHWAYS: Plot and Title Map

HIGHWAYS sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of HIGHWAYS, 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 HIGHWAYS). 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 HIGHWAYS?

HIGHWAYS is located on THE STREET in HATFIELD PEVEREL, in the CM3 postcode district. The below map shows the position of HIGHWAYS on THE STREET.