8, RIGNALS LANE, CHELMSFORD, CM2 8QT - £425,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 RIGNALS LANE is a very small extended detached house of 92m², built sometime between 1976 and 1982. It was last sold for £425,000 in January 2024, which was around 35% below the average January 2024 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

8 RIGNALS LANE Sold Prices

Land registry data shows two sales for 8 RIGNALS LANE 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 8 RIGNALS LANE 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
2024 5 JAN	£425,000	£653,594	35% below HPI
1998 12 NOV	£112,000	£146,365	23% below HPI

8 RIGNALS LANE 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 8 RIGNALS LANE sales from November 1998 and January 2024 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 1998 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2024 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 8 RIGNALS LANE?

8 RIGNALS LANE is 92m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 20% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 8 RIGNALS LANE lies on this distribution: 13% of detached houses are smaller than 8 RIGNALS LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

8 RIGNALS LANE: Plot and Title Map

8 RIGNALS LANE sits on a plot of roughly 0.190 of an acre, or 770m². The below map shows the location of 8 RIGNALS LANE, 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 RIGNALS LANE). 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 RIGNALS LANE?

8 RIGNALS LANE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 8 on RIGNALS LANE.