5, CLARENCE MEWS, REDMAYNE DRIVE, CHELMSFORD, CM2 9AF - £540,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 CLARENCE MEWS is a midsized detached house of 124m², built sometime between 2003 and 2006. It was last sold for £540,000 in October 2021, which was around 14% below the average October 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

5 CLARENCE MEWS Sold Prices

Land registry data shows two sales for 5 CLARENCE MEWS 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. One of the two 5 CLARENCE MEWS sales was for below the average price, whilst the other was 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
2021 11 OCT	£540,000	£626,697	14% below HPI
2007 16 NOV	£395,000	£387,875	2% above HPI

5 CLARENCE MEWS 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 5 CLARENCE MEWS sales from November 2007 and October 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 November 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 5 CLARENCE MEWS?

5 CLARENCE MEWS is 124m² according to the EPC inspection conducted in May 2021. This puts it in the largest 50% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 5 CLARENCE MEWS lies on this distribution: 53% of detached houses are smaller than 5 CLARENCE MEWS, and 46% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

5 CLARENCE MEWS: Plot and Title Map

5 CLARENCE MEWS sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 5 CLARENCE MEWS, 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 5 CLARENCE MEWS). 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 5 CLARENCE MEWS?

5 CLARENCE MEWS is located on REDMAYNE DRIVE in CHELMSFORD, in the CM2 postcode district. The below map shows the position of 5 CLARENCE MEWS on REDMAYNE DRIVE.