PETROSA, ULTING ROAD, HATFIELD PEVEREL, CHELMSFORD, CM3 2LU - £495,000

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

PETROSA is a midsized extended detached house of 127m², built sometime between 1950 and 1966. It was last sold for £495,000 in June 2016, which was around 17% above the average June 2016 detached price in the Braintree local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was D.

PETROSA Sold Prices

Land registry data shows two sales for PETROSA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. One of the two PETROSA 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
2016 22 JUN	£495,000	£422,386	17% above HPI
2011 28 JUL	£280,000	£305,608	8% below HPI

PETROSA 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 two PETROSA sales from July 2011 and June 2016 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 July 2011 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2016 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is PETROSA?

PETROSA is 127m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the largest 50% of detached houses in Nounsley, based on EPC data. The below chart shows the distribution of detached houses by size in Nounsley, and where PETROSA lies on this distribution: 52% of detached houses are smaller than PETROSA, and 48% of houses are larger. Note that EPC data is not available for all properties in Nounsley.

PETROSA: Plot and Title Map

PETROSA sits on a plot of roughly 0.177 of an acre, or 716m². The below map shows the location of PETROSA, 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 PETROSA). 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 PETROSA?

PETROSA is located on ULTING ROAD in HATFIELD PEVEREL, in the CM3 postcode district. The below map shows the position of PETROSA on ULTING ROAD.