12, REDRUTH CLOSE, CHELMSFORD, CM1 6JW - £400,000

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.

12 REDRUTH CLOSE is a very small detached house of 59m², built sometime between 1967 and 1975, which could now be worth an estimated £458,158. It was last sold for £400,000 in September 2018, which was around 31% below the average September 2018 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

12 REDRUTH CLOSE Sold Prices

Land registry data shows two sales for 12 REDRUTH CLOSE 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 12 REDRUTH CLOSE 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
2018 17 SEP	£400,000	£581,023	31% below HPI
2005 21 JAN	£200,000	£329,864	39% below HPI

12 REDRUTH CLOSE 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 12 REDRUTH CLOSE sales from January 2005 and September 2018 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 January 2005 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the September 2018 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 12 REDRUTH CLOSE be worth now?

12 REDRUTH CLOSE might now be worth an estimated £458,158.

This is based on house price inflation of 14.5%, between September 2018 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 14.5% inflationary increase is applied to the most recent sale price for 12 REDRUTH CLOSE of £400,000 on 17th September 2018. For the value to have increased from £400,000 to £458,158 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 12 REDRUTH CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2018 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 12 REDRUTH CLOSE has not materially changed since September 2018.

How Large is 12 REDRUTH CLOSE?

12 REDRUTH CLOSE is 59m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% 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 12 REDRUTH CLOSE lies on this distribution: 2% of detached houses houses are smaller than 12 REDRUTH CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

12 REDRUTH CLOSE: Plot and Title Map

12 REDRUTH CLOSE sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 12 REDRUTH CLOSE, 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 12 REDRUTH CLOSE). 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 12 REDRUTH CLOSE?

12 REDRUTH CLOSE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 12 on REDRUTH CLOSE.