21, RIGNALS LANE, CHELMSFORD, CM2 8QT - £750,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

21 RIGNALS LANE is a very large extended detached house of 158m², built sometime between 1950 and 1966. It was last sold for £750,000 in May 2022, which was around 13% above the average May 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

21 RIGNALS LANE Sold Prices

Land registry data shows four sales for 21 RIGNALS LANE 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 21 RIGNALS LANE 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
2022 20 MAY	£750,000	£665,632	13% above HPI
2009 24 JUL	£410,000	£331,949	24% above HPI
1998 30 APR	£195,000	£136,361	43% above HPI
1995 30 NOV	£155,500	£105,414	48% above HPI

21 RIGNALS LANE 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 21 RIGNALS LANE sales between November 1995 and May 2022 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 July 2009 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the May 2022 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 21 RIGNALS LANE?

21 RIGNALS LANE is 158m², which includes two extensions, according to the EPC inspection conducted in January 2022. This puts it in the largest 20% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 21 RIGNALS LANE lies on this distribution: 83% of detached houses are smaller than 21 RIGNALS LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

21 RIGNALS LANE: Plot and Title Map

21 RIGNALS LANE sits on a plot of roughly 0.194 of an acre, or 784m². The below map shows the location of 21 RIGNALS LANE, 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 21 RIGNALS LANE). 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 21 RIGNALS LANE?

21 RIGNALS LANE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 21 on RIGNALS LANE.