6, RICHMOND PLACE, CHESTER, CH3 5BL - £318,000

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

6 RICHMOND PLACE is a very small detached house of 80m², built sometime between 2003 and 2006. It was last sold for £318,000 in November 2022, which was around 23% below the average November 2022 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was D.

6 RICHMOND PLACE Sold Prices

Land registry data shows two sales for 6 RICHMOND 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 Cheshire West and Chester local authority area for the corresponding sale date. Both of the two 6 RICHMOND PLACE 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
2022 4 NOV	£318,000	£412,890	23% below HPI
2021 1 FEB	£260,000	£351,061	26% below HPI

6 RICHMOND PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The two 6 RICHMOND PLACE sales from February 2021 and November 2022 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 February 2021 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 6 RICHMOND PLACE be worth now?

6 RICHMOND PLACE might now be worth an estimated £328,402.

This is based on house price inflation of 3.3%, between November 2022 and December 2024, for detached houses, in the Cheshire West and Chester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.3% inflationary increase is applied to the most recent sale price for 6 RICHMOND PLACE of £318,000 on 4th November 2022. For the value to have increased from £318,000 to £328,402 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 6 RICHMOND PLACE has moved in line with the HPI for detached houses in the Cheshire West and Chester local authority area.
• The November 2022 sale price of £318,000 represented a fair market value for the property.
• The size, condition, and specification of 6 RICHMOND PLACE has not materially changed since November 2022.

How Large is 6 RICHMOND PLACE?

6 RICHMOND PLACE is 80m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of detached houses houses in Chester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chester, and where 6 RICHMOND PLACE lies on this distribution: 15% of detached houses houses are smaller than 6 RICHMOND PLACE, and 85% of houses are larger. Note that EPC data is not available for all properties in Chester.

6 RICHMOND PLACE: Plot and Title Map

6 RICHMOND PLACE sits on a plot of roughly 0.023 of an acre, or 95m². The below map shows the location of 6 RICHMOND 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 6 RICHMOND 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 6 RICHMOND PLACE?

6 RICHMOND PLACE is located in CHESTER, in the CH3 postcode district. The below map shows the position of No. 6 on RICHMOND PLACE.