2, SIDNEY PLACE, SPRINGFIELD, CHELMSFORD, CM1 6BE - £1,145,000

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.

2 SIDNEY PLACE is a very large extended detached house of 335m², built sometime between 1996 and 2002, which could now be worth an estimated £1,310,418. It was last sold for £1,145,000 in February 2020, which was around 97% above the average February 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was C.

2 SIDNEY PLACE Sold Prices

Land registry data shows four sales for 2 SIDNEY 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 2 SIDNEY 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
2020 24 FEB	£1,145,000	£581,493	97% above HPI
2018 6 MAR	£1,050,000	£579,136	81% above HPI
2002 26 JUN	£590,000	£248,349	138% above HPI
2000 18 DEC	£485,000	£197,473	146% above HPI

2 SIDNEY 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 2 SIDNEY PLACE sales between December 2000 and February 2020 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 2018 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the February 2020 sale, where it rises to 97% above the HPI. The line then continues to track at 97% above the HPI.

What might 2 SIDNEY PLACE be worth now?

2 SIDNEY PLACE might now be worth an estimated £1,310,418.

This is based on house price inflation of 14.4%, between February 2020 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 14.4% inflationary increase is applied to the most recent sale price for 2 SIDNEY PLACE of £1,145,000 on 24th February 2020. For the value to have increased from £1,145,000 to £1,310,418 over the five years to February 2025, the following assumptions must hold true:

• The value of 2 SIDNEY PLACE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The February 2020 sale price of £1,145,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SIDNEY PLACE has not materially changed since February 2020.

How Large is 2 SIDNEY PLACE?

2 SIDNEY PLACE is 335m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the largest 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 2 SIDNEY PLACE lies on this distribution: More than 99% of detached houses houses are smaller than 2 SIDNEY PLACE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 SIDNEY PLACE: Plot and Title Map

2 SIDNEY PLACE sits on a plot of roughly 0.150 of an acre, or 609m². The below map shows the location of 2 SIDNEY 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 2 SIDNEY 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 2 SIDNEY PLACE?

2 SIDNEY PLACE is located in SPRINGFIELD, in the CM1 postcode district. The below map shows the position of No. 2 on SIDNEY PLACE.