3, RICHARDSON PLACE, CHELMSFORD, CM1 2GD - £325,000

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.

3 RICHARDSON PLACE is a very small detached house of 86m², built sometime between 1991 and 1995, which could now be worth an estimated £559,234. It was last sold for £325,000 in June 2013, which was around 16% below the average June 2013 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.

3 RICHARDSON PLACE Sold Prices

Land registry data shows four sales for 3 RICHARDSON PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Most of the four 3 RICHARDSON PLACE sales were for below 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
2013 18 JUN	£325,000	£388,655	16% below HPI
2005 5 MAY	£267,000	£327,274	18% below HPI
2000 30 MAR	£150,000	£175,228	14% below HPI
1996 29 NOV	£113,000	£112,070	1% above HPI

3 RICHARDSON 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 four 3 RICHARDSON PLACE sales between November 1996 and June 2013 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 May 2005 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2013 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 RICHARDSON PLACE be worth now?

3 RICHARDSON PLACE might now be worth an estimated £559,234.

This is based on house price inflation of 72.1%, between June 2013 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 72.1% inflationary increase is applied to the most recent sale price for 3 RICHARDSON PLACE of £325,000 on 18th June 2013. For the value to have increased from £325,000 to £559,234 over the twelve years and three months to March 2025, the following assumptions must hold true:

• The value of 3 RICHARDSON PLACE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2013 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RICHARDSON PLACE has not materially changed since June 2013.

How Large is 3 RICHARDSON PLACE?

3 RICHARDSON PLACE is 86m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 20% 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 3 RICHARDSON PLACE lies on this distribution: 16% of detached houses houses are smaller than 3 RICHARDSON PLACE, and 84% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 RICHARDSON PLACE: Plot and Title Map

3 RICHARDSON PLACE sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of 3 RICHARDSON 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 3 RICHARDSON 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 3 RICHARDSON PLACE?

3 RICHARDSON PLACE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 3 on RICHARDSON PLACE.