31, RIGNALS LANE, CHELMSFORD, CM2 8QT - £950,000

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

31 RIGNALS LANE is a very large extended detached house of 233m², built sometime before 1900. It was last sold for £950,000 in April 2024, which was around 44% above the average April 2024 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

31 RIGNALS LANE Sold Prices

Land registry data shows three sales for 31 RIGNALS LANE 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. Two of the three 31 RIGNALS LANE sales were for above the average price, whilst one was 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
2024 19 APR	£950,000	£660,001	44% above HPI
2015 12 NOV	£490,000	£496,541	1% below HPI
1999 18 JUN	£173,500	£148,079	17% above HPI

31 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 three 31 RIGNALS LANE sales between June 1999 and April 2024 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 2015 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the April 2024 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is 31 RIGNALS LANE?

31 RIGNALS LANE is 233m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the largest 10% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 31 RIGNALS LANE lies on this distribution: 97% of detached houses are smaller than 31 RIGNALS LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

31 RIGNALS LANE: Plot and Title Map

31 RIGNALS LANE sits on a plot of roughly 0.149 of an acre, or 605m². The below map shows the location of 31 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 31 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 31 RIGNALS LANE?

31 RIGNALS LANE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 31 on RIGNALS LANE.