WELL HOUSE, YORK ROAD, CHELMSFORD, CM2 0AH - £775,000

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.

WELL HOUSE is a midsized detached house of 123m², built sometime between 1950 and 1966, which could now be worth an estimated £783,974. It was last sold for £775,000 in February 2022, which was around 18% above the average February 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was C.

WELL HOUSE Sold Prices

Land registry data shows two sales for WELL HOUSE 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 WELL HOUSE 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
2022 10 FEB	£775,000	£657,883	18% above HPI
2006 8 SEP	£425,000	£348,437	22% above HPI

WELL HOUSE 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 WELL HOUSE sales from September 2006 and February 2022 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 September 2006 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the February 2022 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might WELL HOUSE be worth now?

WELL HOUSE might now be worth an estimated £783,974.

This is based on house price inflation of 1.2%, between February 2022 and February 2025, 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 1.2% inflationary increase is applied to the most recent sale price for WELL HOUSE of £775,000 on 10th February 2022. For the value to have increased from £775,000 to £783,974 over the three years to February 2025, the following assumptions must hold true:

• The value of WELL HOUSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The February 2022 sale price of £775,000 represented a fair market value for the property.
• The size, condition, and specification of WELL HOUSE has not materially changed since February 2022.

How Large is WELL HOUSE?

WELL HOUSE is 123m² according to the EPC inspection conducted in August 2021. This puts it in the largest 50% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where WELL HOUSE lies on this distribution: 52% of detached houses houses are smaller than WELL HOUSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

WELL HOUSE: Plot and Title Map

WELL HOUSE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of WELL HOUSE, 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 WELL HOUSE). 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 WELL HOUSE?

WELL HOUSE is located on YORK ROAD in CHELMSFORD, in the CM2 postcode district. The below map shows the position of WELL HOUSE on YORK ROAD.