8, RAPHAEL DRIVE, CHELMSFORD, CM1 6FX - £465,000

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.

8 RAPHAEL DRIVE is a small extended semi-detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £458,168. It was last sold for £465,000 in June 2022, which was around 11% above the average June 2022 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

8 RAPHAEL DRIVE Sold Prices

Land registry data shows four sales for 8 RAPHAEL DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. two of the four 8 RAPHAEL DRIVE sales were for above the average price, and four 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 14 JUN	£465,000	£417,611	11% above HPI
2015 10 NOV	£320,000	£300,631	6% above HPI
2005 28 APR	£165,000	£197,241	16% below HPI
1997 31 JUL	£64,250	£71,960	11% below HPI

8 RAPHAEL DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chelmsford local authority area over time, sourced from the HPI. The four 8 RAPHAEL DRIVE sales between July 1997 and June 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 November 2015 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2022 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 8 RAPHAEL DRIVE be worth now?

8 RAPHAEL DRIVE might now be worth an estimated £458,168.

This is based on house price deflation of 1.5%, between June 2022 and February 2025, for semi-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 1.5% deflationary decrease is applied to the most recent sale price for 8 RAPHAEL DRIVE of £465,000 on 14th June 2022. For the value to have decreased from £465,000 to £458,168 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 8 RAPHAEL DRIVE has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The June 2022 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RAPHAEL DRIVE has not materially changed since June 2022.

How Large is 8 RAPHAEL DRIVE?

8 RAPHAEL DRIVE is 93m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the smallest 30% of semi-detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chelmsford, and where 8 RAPHAEL DRIVE lies on this distribution: 21% of semi-detached houses houses are smaller than 8 RAPHAEL DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

8 RAPHAEL DRIVE: Plot and Title Map

8 RAPHAEL DRIVE sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of 8 RAPHAEL DRIVE, 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 8 RAPHAEL DRIVE). 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 8 RAPHAEL DRIVE?

8 RAPHAEL DRIVE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 8 on RAPHAEL DRIVE.