THE OAKS, RUNWELL CHASE, RUNWELL, WICKFORD, SS11 7PU - £650,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE OAKS is a large detached house of 143m², built in 2023. It was last sold for £650,000 in February 2020, which was around 13% above the average February 2020 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 two sales for THE OAKS 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. Both of the two 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
2020 12 FEB	£650,000	£575,359	13% above HPI
2001 21 NOV	£245,000	£216,732	13% above HPI

THE OAKS 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 THE OAKS sales from November 2001 and February 2020 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 November 2001 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the February 2020 sale, which was also at 13% above the HPI.

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 detached houses in Runwell, based on EPC data. The below chart shows the distribution of detached houses by size in Runwell, and where THE OAKS lies on this distribution: 65% of detached houses are smaller than THE OAKS, and 34% 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.