RED GABLES, MAIN ROAD, HOWE STREET, CHELMSFORD, CM3 1BG - £550,000

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

RED GABLES is a very small detached house of 89m², built sometime between 1950 and 1966. It was last sold for £550,000 in December 2022, which was around 21% below the average December 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2013, where the current energy rating was F, and the potential energy rating was C.

RED GABLES Sold Prices

Land registry data shows two sales for RED GABLES 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 RED GABLES 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 8 DEC	£550,000	£692,851	21% below HPI
2013 25 SEP	£227,500	£396,176	43% below HPI

RED GABLES 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 RED GABLES sales from September 2013 and December 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 September 2013 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the December 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might RED GABLES be worth now?

RED GABLES might now be worth an estimated £530,077.

This is based on house price deflation of 3.6%, between December 2022 and December 2024, 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 3.6% deflationary decrease is applied to the most recent sale price for RED GABLES of £550,000 on 8th December 2022. For the value to have decreased from £550,000 to £530,077 over the two years to December 2024, the following assumptions must hold true:

• The value of RED GABLES has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The December 2022 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of RED GABLES has not materially changed since December 2022.

How Large is RED GABLES?

RED GABLES is 89m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 20% of detached houses houses in Howe Street, based on EPC data. The below chart shows the distribution of detached houses houses by size in Howe Street, and where RED GABLES lies on this distribution: 19% of detached houses houses are smaller than RED GABLES, and 81% of houses are larger. Note that EPC data is not available for all properties in Howe Street.

RED GABLES: Plot and Title Map

RED GABLES sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of RED GABLES, 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 RED GABLES). 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 RED GABLES?

RED GABLES is located on MAIN ROAD in HOWE STREET, in the CM3 postcode district. The below map shows the position of RED GABLES on MAIN ROAD.