MILL GATES, MARGARETTING ROAD, GALLEYWOOD, CHELMSFORD, CM2 8TS - £785,000

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.

MILL GATES is a very small extended detached house of 86m², built sometime between 1930 and 1949, which could now be worth an estimated £871,831. It was last sold for £785,000 in June 2021, which was around 31% above the average June 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was December 2008, where the current energy rating was G, and the potential energy rating was G.

MILL GATES Sold Prices

Land registry data shows two sales for MILL GATES 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 MILL GATES sales was for above the average price, whilst the other was 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
2021 25 JUN	£785,000	£599,220	31% above HPI
2009 6 MAR	£300,000	£319,307	6% below HPI

MILL GATES 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 MILL GATES sales from March 2009 and June 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 March 2009 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2021 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might MILL GATES be worth now?

MILL GATES might now be worth an estimated £871,831.

This is based on house price inflation of 11.1%, between June 2021 and February 2025, for 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 11.1% inflationary increase is applied to the most recent sale price for MILL GATES of £785,000 on 25th June 2021. For the value to have increased from £785,000 to £871,831 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of MILL GATES has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2021 sale price of £785,000 represented a fair market value for the property.
• The size, condition, and specification of MILL GATES has not materially changed since June 2021.

How Large is MILL GATES?

MILL GATES is 86m², which includes one extension, according to the EPC inspection conducted in December 2008. This puts it in the smallest 20% of detached houses houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Galleywood, and where MILL GATES lies on this distribution: 12% of detached houses houses are smaller than MILL GATES, and 88% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

MILL GATES: Plot and Title Map

MILL GATES sits on a plot of roughly 0.187 of an acre, or 756m². The below map shows the location of MILL GATES, 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 MILL GATES). 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 MILL GATES?

MILL GATES is located on MARGARETTING ROAD in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of MILL GATES on MARGARETTING ROAD.