18, RIDGEWELL AVENUE, CHELMSFORD, CM1 2GA - £600,000

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.

18 RIDGEWELL AVENUE is a midsized detached house of 119m², built sometime between 1996 and 2002, which could now be worth an estimated £695,033. It was last sold for £600,000 in August 2017, which was around 4% above the average August 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

18 RIDGEWELL AVENUE Sold Prices

Land registry data shows two sales for 18 RIDGEWELL AVENUE 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 18 RIDGEWELL AVENUE 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
2017 30 AUG	£600,000	£574,506	4% above HPI
1997 14 MAR	£159,950	£113,266	41% above HPI

18 RIDGEWELL AVENUE 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 18 RIDGEWELL AVENUE sales from March 1997 and August 2017 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 1997 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the August 2017 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 18 RIDGEWELL AVENUE be worth now?

18 RIDGEWELL AVENUE might now be worth an estimated £695,033.

This is based on house price inflation of 15.8%, between August 2017 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 15.8% inflationary increase is applied to the most recent sale price for 18 RIDGEWELL AVENUE of £600,000 on 30th August 2017. For the value to have increased from £600,000 to £695,033 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 18 RIDGEWELL AVENUE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The August 2017 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 18 RIDGEWELL AVENUE has not materially changed since August 2017.

How Large is 18 RIDGEWELL AVENUE?

18 RIDGEWELL AVENUE is 119m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 50% 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 18 RIDGEWELL AVENUE lies on this distribution: 49% of detached houses houses are smaller than 18 RIDGEWELL AVENUE, and 50% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

18 RIDGEWELL AVENUE: Plot and Title Map

18 RIDGEWELL AVENUE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 18 RIDGEWELL AVENUE, 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 18 RIDGEWELL AVENUE). 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 18 RIDGEWELL AVENUE?

18 RIDGEWELL AVENUE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 18 on RIDGEWELL AVENUE.