NEEDLES, RIFFHAMS LANE, DANBURY, CHELMSFORD, CM3 4DS - £740,000

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.

NEEDLES is a midsized detached house of 142m², built sometime between 1967 and 1975, which could now be worth an estimated £859,748. It was last sold for £740,000 in June 2021, which was around 23% above the average June 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was C.

NEEDLES Sold Prices

Land registry data shows three sales for NEEDLES 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. All of the three NEEDLES 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
2021 21 JUN	£740,000	£599,220	23% above HPI
2015 23 JAN	£615,000	£457,046	35% above HPI
2006 15 SEP	£465,000	£348,437	33% above HPI

NEEDLES 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 NEEDLES sales between September 2006 and June 2021 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 2015 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the June 2021 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might NEEDLES be worth now?

NEEDLES might now be worth an estimated £859,748.

This is based on house price inflation of 16.2%, between June 2021 and June 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 16.2% inflationary increase is applied to the most recent sale price for NEEDLES of £740,000 on 21st June 2021. For the value to have increased from £740,000 to £859,748 over the four years to June 2025, the following assumptions must hold true:

• The value of NEEDLES has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2021 sale price of £740,000 represented a fair market value for the property.
• The size, condition, and specification of NEEDLES has not materially changed since June 2021.

How Large is NEEDLES?

NEEDLES is 142m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 50% of detached houses houses in Danbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Danbury, and where NEEDLES lies on this distribution: 49% of detached houses houses are smaller than NEEDLES, and 50% of houses are larger. Note that EPC data is not available for all properties in Danbury.

NEEDLES: Plot and Title Map

NEEDLES sits on a plot of roughly 0.160 of an acre, or 648m². The below map shows the location of NEEDLES, 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 NEEDLES). 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 NEEDLES?

NEEDLES is located on RIFFHAMS LANE in DANBURY, in the CM3 postcode district. The below map shows the position of NEEDLES on RIFFHAMS LANE.