PORTERHOUSE, NOUNSLEY ROAD, HATFIELD PEVEREL, CHELMSFORD, CM3 2NF - £420,000

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.

PORTERHOUSE is a large detached house of 158m², built sometime between 1900 and 1929, which could now be worth an estimated £489,118. It was last sold for £420,000 in September 2018, which was around 15% below the average September 2018 detached price in the Braintree local authority area. The most recent EPC inspection was February 2011, where the current energy rating was G, and the potential energy rating was F.

PORTERHOUSE Sold Prices

Land registry data shows three sales for PORTERHOUSE 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. One of the three PORTERHOUSE sales was for below the average price, whilst two 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
2018 7 SEP	£420,000	£495,915	15% below HPI
1999 30 JUN	£170,000	£125,278	36% above HPI
1997 14 FEB	£125,000	£102,458	22% above HPI

PORTERHOUSE 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 PORTERHOUSE sales between February 1997 and September 2018 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 June 1999 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the September 2018 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might PORTERHOUSE be worth now?

PORTERHOUSE might now be worth an estimated £489,118.

This is based on house price inflation of 16.5%, between September 2018 and February 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 16.5% inflationary increase is applied to the most recent sale price for PORTERHOUSE of £420,000 on 7th September 2018. For the value to have increased from £420,000 to £489,118 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of PORTERHOUSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The September 2018 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of PORTERHOUSE has not materially changed since September 2018.

How Large is PORTERHOUSE?

PORTERHOUSE is 158m² according to the EPC inspection conducted in February 2011. This puts it in the largest 40% of detached houses houses in Nounsley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nounsley, and where PORTERHOUSE lies on this distribution: 69% of detached houses houses are smaller than PORTERHOUSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Nounsley.

PORTERHOUSE: Plot and Title Map

PORTERHOUSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of PORTERHOUSE, 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 PORTERHOUSE). 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 PORTERHOUSE?

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