PORTLAND LODGE, CHAPEL ROAD, RIDGEWELL, HALSTEAD, CO9 4RZ - £375,000

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

PORTLAND LODGE is a large extended detached house of 178m², built sometime before 1900. It was last sold for £375,000 in April 2013, which was around 25% above the average April 2013 detached price in the Braintree local authority area. The most recent EPC inspection was May 2011, where the current energy rating was F, and the potential energy rating was E.

PORTLAND LODGE Sold Prices

Land registry data shows two sales for PORTLAND LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two PORTLAND LODGE 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
2013 29 APR	£375,000	£299,125	25% above HPI
1997 22 OCT	£182,000	£103,724	75% above HPI

PORTLAND LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The two PORTLAND LODGE sales from October 1997 and April 2013 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 October 1997 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the April 2013 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is PORTLAND LODGE?

PORTLAND LODGE is 178m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the largest 40% of detached houses in Ridgewell, based on EPC data. The below chart shows the distribution of detached houses by size in Ridgewell, and where PORTLAND LODGE lies on this distribution: 67% of detached houses are smaller than PORTLAND LODGE, and 33% of houses are larger. Note that EPC data is not available for all properties in Ridgewell.

PORTLAND LODGE: Plot and Title Map

PORTLAND LODGE sits on a plot of roughly 0.392 of an acre, or 1,586m². The below map shows the location of PORTLAND LODGE, 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 PORTLAND LODGE). 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 PORTLAND LODGE?

PORTLAND LODGE is located on CHAPEL ROAD in RIDGEWELL, in the CO9 postcode district. The below map shows the position of PORTLAND LODGE on CHAPEL ROAD.