15, REDRUTH CLOSE, CHELMSFORD, CM1 6JW - £199,000

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.

15 REDRUTH CLOSE is a very small detached house of 55m², built sometime between 1950 and 1966, which could now be worth an estimated £368,530. It was last sold for £199,000 in June 2011, which was around 47% below the average June 2011 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

15 REDRUTH CLOSE Sold Prices

Land registry data shows three sales for 15 REDRUTH CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 15 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
2011 30 JUN	£199,000	£375,929	47% below HPI
2002 4 NOV	£169,000	£275,286	39% below HPI
2002 10 APR	£119,000	£234,480	49% below HPI

15 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 three 15 REDRUTH CLOSE sales between April 2002 and June 2011 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 November 2002 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the June 2011 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 15 REDRUTH CLOSE be worth now?

15 REDRUTH CLOSE might now be worth an estimated £368,530.

This is based on house price inflation of 85.2%, between June 2011 and June 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 85.2% inflationary increase is applied to the most recent sale price for 15 REDRUTH CLOSE of £199,000 on 30th June 2011. For the value to have increased from £199,000 to £368,530 over the fourteen years to June 2025, the following assumptions must hold true:

• The value of 15 REDRUTH CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2011 sale price of £199,000 represented a fair market value for the property.
• The size, condition, and specification of 15 REDRUTH CLOSE has not materially changed since June 2011.

How Large is 15 REDRUTH CLOSE?

15 REDRUTH CLOSE is 55m² according to the EPC inspection conducted in October 2010. 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 15 REDRUTH CLOSE lies on this distribution: 1% of detached houses houses are smaller than 15 REDRUTH CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

15 REDRUTH CLOSE: Plot and Title Map

15 REDRUTH CLOSE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 15 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 15 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 15 REDRUTH CLOSE?

15 REDRUTH CLOSE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 15 on REDRUTH CLOSE.