22, MEGGY TYE, SPRINGFIELD, CHELMSFORD, CM2 6GA - £530,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

22 MEGGY TYE is a midsized extended detached house of 130m², built sometime between 2003 and 2006, which could now be worth an estimated £580,613. It was last sold for £530,000 in February 2021, which was around 13% below the average February 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

22 MEGGY TYE Sold Prices

Land registry data shows two sales for 22 MEGGY TYE 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 22 MEGGY TYE 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
2021 18 FEB	£530,000	£609,544	13% below HPI
2003 27 JUN	£260,000	£299,611	13% below HPI

22 MEGGY TYE 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 22 MEGGY TYE sales from June 2003 and February 2021 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 June 2003 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2021 sale, which was also at 13% below the HPI.

What might 22 MEGGY TYE be worth now?

22 MEGGY TYE might now be worth an estimated £580,613.

This is based on house price inflation of 9.5%, between February 2021 and December 2024, 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 9.5% inflationary increase is applied to the most recent sale price for 22 MEGGY TYE of £530,000 on 18th February 2021. For the value to have increased from £530,000 to £580,613 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 22 MEGGY TYE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The February 2021 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 22 MEGGY TYE has not materially changed since February 2021.

How Large is 22 MEGGY TYE?

22 MEGGY TYE is 130m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the largest 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 22 MEGGY TYE lies on this distribution: 58% of detached houses houses are smaller than 22 MEGGY TYE, and 41% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

22 MEGGY TYE: Plot and Title Map

22 MEGGY TYE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 22 MEGGY TYE, 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 22 MEGGY TYE). 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 22 MEGGY TYE?

22 MEGGY TYE is located in SPRINGFIELD, in the CM2 postcode district. The below map shows the position of No. 22 on MEGGY TYE.