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

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

VELDEN is a small detached house of 130m², built sometime between 1967 and 1975, which could now be worth an estimated £766,436. It was last sold for £670,000 in January 2020, which was around 15% 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	£583,734	15% above HPI
2002 11 JUL	£315,000	£255,277	23% 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 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the January 2020 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might VELDEN be worth now?

VELDEN might now be worth an estimated £766,436.

This is based on house price inflation of 14.4%, between January 2020 and December 2024, for 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 14.4% inflationary increase is applied to the most recent sale price for VELDEN of £670,000 on 31st January 2020. For the value to have increased from £670,000 to £766,436 over the three years and one month to December 2024, the following assumptions must hold true:

• The value of VELDEN has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The January 2020 sale price of £670,000 represented a fair market value for the property.
• The size, condition, and specification of VELDEN has not materially changed since January 2020.

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 houses in West Hanningfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Hanningfield, and where VELDEN lies on this distribution: 23% of detached houses 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.