1, RATCLIFFE GATE, SPRINGFIELD, CHELMSFORD, CM1 6AL - £266,250

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.

1 RATCLIFFE GATE is a very small terraced house of 63m², built sometime between 2003 and 2006, which could now be worth an estimated £373,537. It was last sold for £266,250 in December 2015, which was around 9% above the average December 2015 terraced price in the Chelmsford local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was A.

1 RATCLIFFE GATE Sold Prices

Land registry data shows one sale for 1 RATCLIFFE GATE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 18 DEC	£266,250	£243,330	9% above HPI

What might 1 RATCLIFFE GATE be worth now?

1 RATCLIFFE GATE might now be worth an estimated £373,537.

This is based on house price inflation of 40.3%, between December 2015 and May 2026, for terraced 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 40.3% inflationary increase is applied to the most recent sale price for 1 RATCLIFFE GATE of £266,250 on 18th December 2015. For the value to have increased from £266,250 to £373,537 over the eleven years and seven months to May 2026, the following assumptions must hold true:

• The value of 1 RATCLIFFE GATE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The December 2015 sale price of £266,250 represented a fair market value for the property.
• The size, condition, and specification of 1 RATCLIFFE GATE has not materially changed since December 2015.

How Large is 1 RATCLIFFE GATE?

1 RATCLIFFE GATE is 63m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% of terraced houses in Chelmsford, based on EPC data. The below chart shows the distribution of terraced houses by size in Chelmsford, and where 1 RATCLIFFE GATE lies on this distribution: 16% of terraced houses are smaller than 1 RATCLIFFE GATE, and 83% of terraced houses are larger. Note that EPC data is not available for all properties in Chelmsford.

1 RATCLIFFE GATE: Plot

1 RATCLIFFE GATE sits on a plot of roughly 0.021 of an acre, or 87m².

Where is 1 RATCLIFFE GATE?

1 RATCLIFFE GATE is located in SPRINGFIELD, in the CM1 postcode district.