8, STANLEY RISE, SPRINGFIELD, CHELMSFORD, CM2 6PL - £150,000

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.

8 STANLEY RISE is a small flat of 50m², built sometime between 1991 and 1995, which could now be worth an estimated £239,137. It was last sold for £150,000 in August 2011, which was around 13% above the average August 2011 flat 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 C.

8 STANLEY RISE Sold Prices

Land registry data shows two sales for 8 STANLEY RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Chelmsford local authority area for the corresponding sale date. One of the two 8 STANLEY RISE sales was for above the average price, whilst the other was 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
2011 1 AUG	£150,000	£132,520	13% above HPI
2007 14 SEP	£147,000	£152,601	4% below HPI

What might 8 STANLEY RISE be worth now?

8 STANLEY RISE might now be worth an estimated £239,137.

This is based on house price inflation of 59.4%, between August 2011 and May 2026, for flats, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.4% inflationary increase is applied to the most recent sale price for 8 STANLEY RISE of £150,000 on 1st August 2011. For the value to have increased from £150,000 to £239,137 over the fifteen years and three months to May 2026, the following assumptions must hold true:

• The value of 8 STANLEY RISE has moved in line with the HPI for flats in the Chelmsford local authority area.
• The August 2011 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 8 STANLEY RISE has not materially changed since August 2011.

How Large is 8 STANLEY RISE?

8 STANLEY RISE is 50m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 40% of flats in Chelmsford, based on EPC data. 32% of flats are smaller than 8 STANLEY RISE, and 64% of flats are larger. Note that EPC data is not available for all properties in Chelmsford.

8 STANLEY RISE: Plot

8 STANLEY RISE sits on a plot of roughly 2.1 acres, or 8,355m².

Where is 8 STANLEY RISE?

8 STANLEY RISE is located in SPRINGFIELD, in the CM2 postcode district.