2, REDRUTH CLOSE, CHELMSFORD, CM1 6JW - £340,000

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 REDRUTH CLOSE is a very small extended semi-detached house of 42m², built sometime between 1950 and 1966, which could now be worth an estimated £471,393. It was last sold for £340,000 in May 2016, which was around 9% above the average May 2016 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

2 REDRUTH CLOSE Sold Prices

Land registry data shows two sales for 2 REDRUTH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 2 REDRUTH 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 13 MAY	£340,000	£310,717	9% above HPI
2012 8 JUN	£245,000	£229,125	7% above HPI

2 REDRUTH CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two 2 REDRUTH CLOSE sales from June 2012 and May 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 June 2012 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the May 2016 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 2 REDRUTH CLOSE be worth now?

2 REDRUTH CLOSE might now be worth an estimated £471,393.

This is based on house price inflation of 38.6%, between May 2016 and June 2025, for semi-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 38.6% inflationary increase is applied to the most recent sale price for 2 REDRUTH CLOSE of £340,000 on 13th May 2016. For the value to have increased from £340,000 to £471,393 over the eight years and eleven months to June 2025, the following assumptions must hold true:

• The value of 2 REDRUTH CLOSE has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The May 2016 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 2 REDRUTH CLOSE has not materially changed since May 2016.

How Large is 2 REDRUTH CLOSE?

2 REDRUTH CLOSE is 42m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the smallest 10% of semi-detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chelmsford, and where 2 REDRUTH CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 2 REDRUTH CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 REDRUTH CLOSE: Plot and Title Map

2 REDRUTH CLOSE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 2 REDRUTH 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 REDRUTH 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 REDRUTH CLOSE?

2 REDRUTH CLOSE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 2 on REDRUTH CLOSE.