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

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.

WESCO VILLA is a large extended detached house of 162m², built sometime between 1930 and 1949, which could now be worth an estimated £698,136. It was last sold for £375,000 in August 2006, which was around 21% 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	£310,215	21% above HPI
2003 2 OCT	£307,000	£269,460	14% above HPI
1999 26 FEB	£138,500	£121,258	14% 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 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2006 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might WESCO VILLA be worth now?

WESCO VILLA might now be worth an estimated £698,136.

This is based on house price inflation of 86.2%, between August 2006 and February 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 86.2% inflationary increase is applied to the most recent sale price for WESCO VILLA of £375,000 on 24th August 2006. For the value to have increased from £375,000 to £698,136 over the nineteen years and six months to February 2025, the following assumptions must hold true:

• The value of WESCO VILLA has moved in line with the HPI for detached houses in the Braintree local authority area.
• The August 2006 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of WESCO VILLA has not materially changed since August 2006.

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 houses in Nounsley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nounsley, and where WESCO VILLA lies on this distribution: 72% of detached houses 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.