VELDEN, CHURCH ROAD, WEST HANNINGFIELD, CHELMSFORD, CM2 8UJ - £670,000

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

VELDEN is a small detached house of 130m², built sometime between 1967 and 1975. It was last sold for £670,000 in January 2020, which was around 16% above the average January 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was D.

VELDEN Sold Prices

Land registry data shows two sales for VELDEN 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 VELDEN 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 31 JAN	£670,000	£577,576	16% above HPI
2002 11 JUL	£315,000	£252,584	25% above HPI

VELDEN 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 VELDEN sales from July 2002 and January 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 July 2002 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the January 2020 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is VELDEN?

VELDEN is 130m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 30% of detached houses in West Hanningfield, based on EPC data. The below chart shows the distribution of detached houses by size in West Hanningfield, and where VELDEN lies on this distribution: 23% of detached houses are smaller than VELDEN, and 78% of houses are larger. Note that EPC data is not available for all properties in West Hanningfield.

VELDEN: Plot and Title Map

VELDEN sits on a plot of roughly 0.266 of an acre, or 1,075m². The below map shows the location of VELDEN, 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 VELDEN). 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 VELDEN?

VELDEN is located on CHURCH ROAD in WEST HANNINGFIELD, in the CM2 postcode district. The below map shows the position of VELDEN on CHURCH ROAD.