11, REDMAYNE DRIVE, CHELMSFORD, CM2 9XF - £575,000

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

11 REDMAYNE DRIVE is a small extended detached house of 96m², built sometime between 1983 and 1990. It was last sold for £575,000 in November 2022, which was around 16% below the average November 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

11 REDMAYNE DRIVE Sold Prices

Land registry data shows two sales for 11 REDMAYNE DRIVE 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 11 REDMAYNE DRIVE sales were for below 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 1 NOV	£575,000	£688,575	16% below HPI
2016 15 MAR	£420,000	£518,498	19% below HPI

11 REDMAYNE DRIVE 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 11 REDMAYNE DRIVE sales from March 2016 and November 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 March 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2022 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 11 REDMAYNE DRIVE?

11 REDMAYNE DRIVE is 96m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 11 REDMAYNE DRIVE lies on this distribution: 24% of detached houses are smaller than 11 REDMAYNE DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

11 REDMAYNE DRIVE: Plot and Title Map

11 REDMAYNE DRIVE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 11 REDMAYNE DRIVE, 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 11 REDMAYNE DRIVE). 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 11 REDMAYNE DRIVE?

11 REDMAYNE DRIVE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 11 on REDMAYNE DRIVE.