31, SKERRY RISE, CHELMSFORD, CM1 4EG - £375,000

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.

31 SKERRY RISE is a very small detached house of 63m², built sometime between 1930 and 1949, which could now be worth an estimated £421,267. It was last sold for £375,000 in November 2020, which was around 37% below the average November 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was B.

31 SKERRY RISE Sold Prices

Land registry data shows four sales for 31 SKERRY RISE 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 31 SKERRY RISE 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
2020 5 NOV	£375,000	£592,410	37% below HPI
2017 3 MAR	£310,000	£556,382	44% below HPI
2006 18 SEP	£235,000	£348,437	33% below HPI
1996 16 DEC	£60,000	£111,710	46% below HPI

31 SKERRY RISE 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 31 SKERRY RISE sales between December 1996 and November 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 2017 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2020 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 31 SKERRY RISE be worth now?

31 SKERRY RISE might now be worth an estimated £421,267.

This is based on house price inflation of 12.3%, between November 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 12.3% inflationary increase is applied to the most recent sale price for 31 SKERRY RISE of £375,000 on 5th November 2020. For the value to have increased from £375,000 to £421,267 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 31 SKERRY RISE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The November 2020 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 31 SKERRY RISE has not materially changed since November 2020.

How Large is 31 SKERRY RISE?

31 SKERRY RISE is 63m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 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 31 SKERRY RISE lies on this distribution: 3% of detached houses houses are smaller than 31 SKERRY RISE, and 97% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

31 SKERRY RISE: Plot and Title Map

31 SKERRY RISE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 31 SKERRY RISE, 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 SKERRY RISE). 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 SKERRY RISE?

31 SKERRY RISE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 31 on SKERRY RISE.