THE OAKS, RUNWELL CHASE, RUNWELL, WICKFORD, SS11 7PU - £475,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE OAKS is a large semi-detached house of 143m², built in 2023, which could now be worth an estimated £480,530. It was last sold for £475,000 in October 2023, which was around 16% above the average October 2023 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2023, where the current energy rating was B, and the potential energy rating was A.

THE OAKS Sold Prices

Land registry data shows three sales for THE OAKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. All of the three THE OAKS sales 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
2023 9 OCT	£475,000	£409,631	16% above HPI
2020 12 FEB	£650,000	£351,080	85% above HPI
2001 21 NOV	£245,000	£123,236	99% above HPI

THE OAKS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chelmsford local authority area over time, sourced from the HPI. The three THE OAKS sales between November 2001 and October 2023 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 February 2020 sale was for 85% above the HPI. So the extrapolation line tracks at 85% above the HPI over time, until the October 2023 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might THE OAKS be worth now?

THE OAKS might now be worth an estimated £480,530.

This is based on house price inflation of 1.2%, between October 2023 and December 2024, for semi-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 1.2% inflationary increase is applied to the most recent sale price for THE OAKS of £475,000 on 9th October 2023. For the value to have increased from £475,000 to £480,530 over the ten months to December 2024, the following assumptions must hold true:

• The value of THE OAKS has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The October 2023 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of THE OAKS has not materially changed since October 2023.

How Large is THE OAKS?

THE OAKS is 143m² according to the EPC inspection conducted in May 2023. This puts it in the largest 40% of semi-detached houses houses in Runwell, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Runwell, and where THE OAKS lies on this distribution: 65% of semi-detached houses houses are smaller than THE OAKS, and 33% of houses are larger. Note that EPC data is not available for all properties in Runwell.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 0.237 of an acre, or 961m². The below map shows the location of THE OAKS, 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 THE OAKS). 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 THE OAKS?

THE OAKS is located on RUNWELL CHASE in RUNWELL, in the SS11 postcode district. The below map shows the position of THE OAKS on RUNWELL CHASE.