WESCO VILLA, PEVEREL AVENUE, HATFIELD PEVEREL, CHELMSFORD, CM3 2NA - £375,000

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

WESCO VILLA is a large extended detached house of 162m², built sometime between 1930 and 1949. It was last sold for £375,000 in August 2006, which was around 26% above the average August 2006 detached price in the Braintree local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

WESCO VILLA Sold Prices

Land registry data shows three sales for WESCO VILLA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three WESCO VILLA 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
2006 24 AUG	£375,000	£296,591	26% above HPI
2003 2 OCT	£307,000	£257,626	19% above HPI
1999 26 FEB	£138,500	£115,933	19% above HPI

WESCO VILLA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The three WESCO VILLA sales between February 1999 and August 2006 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 October 2003 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2006 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is WESCO VILLA?

WESCO VILLA is 162m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 30% of detached houses in Nounsley, based on EPC data. The below chart shows the distribution of detached houses by size in Nounsley, and where WESCO VILLA lies on this distribution: 72% of detached houses are smaller than WESCO VILLA, and 28% of houses are larger. Note that EPC data is not available for all properties in Nounsley.

WESCO VILLA: Plot and Title Map

WESCO VILLA sits on a plot of roughly 0.150 of an acre, or 606m². The below map shows the location of WESCO VILLA, 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 WESCO VILLA). 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 WESCO VILLA?

WESCO VILLA is located on PEVEREL AVENUE in HATFIELD PEVEREL, in the CM3 postcode district. The below map shows the position of WESCO VILLA on PEVEREL AVENUE.