8, REDMAYNE DRIVE, CHELMSFORD, CM2 9AG - £525,000

8 REDMAYNE DRIVE is a large detached house of 139m², built sometime between 1967 and 1975. It was last sold for £525,000 in January 2022, which was around 18% below the average January 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

8 REDMAYNE DRIVE Sold Prices

Land registry data shows four sales for 8 REDMAYNE DRIVE 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. two of the four 8 REDMAYNE DRIVE sales were for below the average price, and four 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
2022 14 JAN	£525,000	£643,115	18% below HPI
2020 2 OCT	£382,500	£589,349	35% below HPI
2020 13 JAN	£584,100	£577,576	1% above HPI
1995 12 JUL	£108,000	£103,868	4% above HPI

8 REDMAYNE DRIVE 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 8 REDMAYNE DRIVE sales between July 1995 and January 2022 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 October 2020 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the January 2022 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 8 REDMAYNE DRIVE?

8 REDMAYNE DRIVE is 139m² according to the EPC inspection conducted in November 2019. This puts it in the largest 40% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 8 REDMAYNE DRIVE lies on this distribution: 65% of detached houses are smaller than 8 REDMAYNE DRIVE, and 34% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

8 REDMAYNE DRIVE: Plot and Title Map

8 REDMAYNE DRIVE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 8 REDMAYNE DRIVE, 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 8 REDMAYNE DRIVE). 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 8 REDMAYNE DRIVE?

8 REDMAYNE DRIVE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 8 on REDMAYNE DRIVE.