2, GEPP PLACE, CHELMSFORD, CM2 6QS - £560,000

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 GEPP PLACE is a large detached house of 142m², built sometime between 1996 and 2002, which could now be worth an estimated £653,374. It was last sold for £560,000 in July 2017, which was around 2% below the average July 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was C.

2 GEPP PLACE Sold Prices

Land registry data shows three sales for 2 GEPP PLACE 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. One of the three 2 GEPP PLACE sales was for below the average price, whilst two 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
2017 26 JUL	£560,000	£573,192	2% below HPI
2011 7 JAN	£376,500	£374,207	1% above HPI
2000 29 SEP	£250,000	£197,765	26% above HPI

2 GEPP PLACE 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 2 GEPP PLACE sales between September 2000 and July 2017 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 January 2011 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the July 2017 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 2 GEPP PLACE be worth now?

2 GEPP PLACE might now be worth an estimated £653,374.

This is based on house price inflation of 16.7%, between July 2017 and March 2025, 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 16.7% inflationary increase is applied to the most recent sale price for 2 GEPP PLACE of £560,000 on 26th July 2017. For the value to have increased from £560,000 to £653,374 over the eight years and four months to March 2025, the following assumptions must hold true:

• The value of 2 GEPP PLACE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 2017 sale price of £560,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GEPP PLACE has not materially changed since July 2017.

How Large is 2 GEPP PLACE?

2 GEPP PLACE is 142m² according to the EPC inspection conducted in November 2009. This puts it in the largest 40% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where 2 GEPP PLACE lies on this distribution: 68% of detached houses houses are smaller than 2 GEPP PLACE, and 32% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 GEPP PLACE: Plot and Title Map

2 GEPP PLACE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 2 GEPP PLACE, 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 GEPP PLACE). 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 GEPP PLACE?

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