5, RICHARDSON PLACE, CHELMSFORD, CM1 2GD - £187,000

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 RICHARDSON PLACE is a very large extended detached house of 212m², built sometime between 1996 and 2002. It was last sold for £187,000 in July 1999, which was around 25% above the average July 1999 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was C.

5 RICHARDSON PLACE Sold Prices

Land registry data shows two sales for 5 RICHARDSON PLACE 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 5 RICHARDSON PLACE 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
1999 30 JUL	£187,000	£149,452	25% above HPI
1996 6 DEC	£159,950	£110,532	45% above HPI

5 RICHARDSON PLACE 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 RICHARDSON PLACE sales from December 1996 and July 1999 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 December 1996 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the July 1999 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 5 RICHARDSON PLACE?

5 RICHARDSON PLACE is 212m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the largest 10% 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 RICHARDSON PLACE lies on this distribution: 94% of detached houses are smaller than 5 RICHARDSON PLACE, and 6% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

5 RICHARDSON PLACE: Plot and Title Map

5 RICHARDSON PLACE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 5 RICHARDSON PLACE, 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 RICHARDSON PLACE). 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 RICHARDSON PLACE?

5 RICHARDSON PLACE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 5 on RICHARDSON PLACE.