THE RIDINGS, THE COMMON, GALLEYWOOD, CHELMSFORD, CM2 8JX - £1,215,750

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

THE RIDINGS is a very large detached house of 252m². It was last sold for £1,215,750 in April 2021, which was around 106% above the average April 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2019, where the current energy rating was B, and the potential energy rating was B.

THE RIDINGS Sold Prices

Land registry data shows three sales for THE RIDINGS 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 THE RIDINGS 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
2021 30 APR	£1,215,750	£590,278	106% above HPI
2017 5 APR	£700,000	£555,229	26% above HPI
2015 9 OCT	£680,000	£492,136	38% above HPI

THE RIDINGS 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 THE RIDINGS sales between October 2015 and April 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 April 2017 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the April 2021 sale, where it rises to 106% above the HPI. The line then continues to track at 106% above the HPI.

How Large is THE RIDINGS?

THE RIDINGS is 252m² according to the EPC inspection conducted in August 2019. This puts it in the largest 10% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where THE RIDINGS lies on this distribution: More than 99% of detached houses are smaller than THE RIDINGS, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

THE RIDINGS: Plot and Title Map

THE RIDINGS sits on a plot of roughly 0.174 of an acre, or 703m². The below map shows the location of THE RIDINGS, 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 THE RIDINGS). 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 THE RIDINGS?

THE RIDINGS is located on THE COMMON in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of THE RIDINGS on THE COMMON.