2, ALDRIDGE CLOSE, CHELMSFORD, CM2 6QG - £280,000

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.

2 ALDRIDGE CLOSE is a very small terraced house of 60m², built sometime between 1983 and 1990, which could now be worth an estimated £363,406. It was last sold for £280,000 in August 2016, which was around 6% above the average August 2016 terraced price in the Chelmsford local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was B.

2 ALDRIDGE CLOSE Sold Prices

Land registry data shows four sales for 2 ALDRIDGE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. All of the four 2 ALDRIDGE CLOSE 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
2016 5 AUG	£280,000	£265,346	6% above HPI
2014 19 DEC	£255,000	£224,555	14% above HPI
2012 15 JUN	£192,500	£187,716	3% above HPI
1996 23 FEB	£56,000	£46,462	21% above HPI

2 ALDRIDGE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chelmsford local authority area over time, sourced from the HPI. The four 2 ALDRIDGE CLOSE sales between February 1996 and August 2016 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 December 2014 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2016 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 2 ALDRIDGE CLOSE be worth now?

2 ALDRIDGE CLOSE might now be worth an estimated £363,406.

This is based on house price inflation of 29.8%, between August 2016 and June 2025, for terraced 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 29.8% inflationary increase is applied to the most recent sale price for 2 ALDRIDGE CLOSE of £280,000 on 5th August 2016. For the value to have increased from £280,000 to £363,406 over the nine years and two months to June 2025, the following assumptions must hold true:

• The value of 2 ALDRIDGE CLOSE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The August 2016 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ALDRIDGE CLOSE has not materially changed since August 2016.

How Large is 2 ALDRIDGE CLOSE?

2 ALDRIDGE CLOSE is 60m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 10% of terraced houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chelmsford, and where 2 ALDRIDGE CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 2 ALDRIDGE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 ALDRIDGE CLOSE: Plot and Title Map

2 ALDRIDGE CLOSE sits on a plot of roughly 0.031 of an acre, or 126m². The below map shows the location of 2 ALDRIDGE CLOSE, 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 2 ALDRIDGE CLOSE). 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 2 ALDRIDGE CLOSE?

2 ALDRIDGE CLOSE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 2 on ALDRIDGE CLOSE.