RIVERMEAD, SANDFORD MILL ROAD, CHELMSFORD, CM2 6NT - £548,750

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

RIVERMEAD is a very large detached house of 184m², built sometime between 1950 and 1966. It was last sold for £548,750 in August 2012, which was around 42% above the average August 2012 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was C.

RIVERMEAD Sold Prices

Land registry data shows three sales for RIVERMEAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three RIVERMEAD 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
2012 3 AUG	£548,750	£385,788	42% above HPI
2003 21 AUG	£390,000	£297,562	31% above HPI
1995 19 MAY	£118,000	£104,385	13% above HPI

RIVERMEAD 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 three RIVERMEAD sales between May 1995 and August 2012 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 August 2003 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the August 2012 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is RIVERMEAD?

RIVERMEAD is 184m² according to the EPC inspection conducted in April 2012. This puts it in the largest 20% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where RIVERMEAD lies on this distribution: 87% of detached houses are smaller than RIVERMEAD, and 13% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

RIVERMEAD: Plot and Title Map

RIVERMEAD sits on a plot of roughly 0.227 of an acre, or 919m². The below map shows the location of RIVERMEAD, 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 RIVERMEAD). 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 RIVERMEAD?

RIVERMEAD is located on SANDFORD MILL ROAD in CHELMSFORD, in the CM2 postcode district. The below map shows the position of RIVERMEAD on SANDFORD MILL ROAD.