12, RICHARDSON PLACE, CHELMSFORD, CM1 2GD - £490,000

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 RICHARDSON PLACE is a large extended detached house of 151m², built sometime between 1996 and 2002, which could now be worth an estimated £731,837. It was last sold for £490,000 in September 2014, which was around 10% above the average September 2014 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

12 RICHARDSON PLACE Sold Prices

Land registry data shows four sales for 12 RICHARDSON PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the four 12 RICHARDSON PLACE 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
2014 19 SEP	£490,000	£445,585	10% above HPI
2006 16 AUG	£349,950	£346,069	1% above HPI
2002 4 JAN	£275,000	£221,909	24% above HPI
1996 29 NOV	£149,950	£112,070	34% above HPI

12 RICHARDSON PLACE 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 four 12 RICHARDSON PLACE sales between November 1996 and September 2014 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 August 2006 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2014 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 12 RICHARDSON PLACE be worth now?

12 RICHARDSON PLACE might now be worth an estimated £731,837.

This is based on house price inflation of 49.4%, between September 2014 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 49.4% inflationary increase is applied to the most recent sale price for 12 RICHARDSON PLACE of £490,000 on 19th September 2014. For the value to have increased from £490,000 to £731,837 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of 12 RICHARDSON PLACE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2014 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 12 RICHARDSON PLACE has not materially changed since September 2014.

How Large is 12 RICHARDSON PLACE?

12 RICHARDSON PLACE is 151m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the largest 30% 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 RICHARDSON PLACE lies on this distribution: 74% of detached houses houses are smaller than 12 RICHARDSON PLACE, and 26% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

12 RICHARDSON PLACE: Plot and Title Map

12 RICHARDSON PLACE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 12 RICHARDSON PLACE, 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 RICHARDSON PLACE). 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 RICHARDSON PLACE?

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