10, STANLEY RISE, SPRINGFIELD, CHELMSFORD, CM2 6PL - £265,000

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.

10 STANLEY RISE is a small flat of 52m², built sometime between 1983 and 1990, which could now be worth an estimated £250,505. It was last sold for £265,000 in August 2022, which was around 19% above the average August 2022 flat price in the Chelmsford local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

10 STANLEY RISE Sold Prices

Land registry data shows eight sales for 10 STANLEY RISE since 1^st January 1995. The below table shows the price paid for the eight sales, along with the average flat price in the Chelmsford local authority area for the corresponding sale date. All of the eight 10 STANLEY RISE 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
2022 18 AUG	£265,000	£223,495	19% above HPI
2019 19 JUL	£218,000	£200,602	9% above HPI
2017 20 JAN	£211,000	£188,158	12% above HPI
2013 1 NOV	£157,500	£139,713	13% above HPI
2009 22 DEC	£150,000	£133,737	12% above HPI
2005 21 JUN	£149,950	£133,642	12% above HPI
2002 23 SEP	£114,950	£95,668	20% above HPI
1998 27 AUG	£59,995	£49,122	22% above HPI

What might 10 STANLEY RISE be worth now?

10 STANLEY RISE might now be worth an estimated £250,505.

This is based on house price deflation of 5.5%, between August 2022 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 5.5% deflationary decrease is applied to the most recent sale price for 10 STANLEY RISE of £265,000 on 18th August 2022. For the value to have decreased from £265,000 to £250,505 over the four years and three months to May 2026, the following assumptions must hold true:

• The value of 10 STANLEY RISE has moved in line with the HPI for flats in the Chelmsford local authority area.
• The August 2022 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 10 STANLEY RISE has not materially changed since August 2022.

How Large is 10 STANLEY RISE?

10 STANLEY RISE is 52m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% of flats in Chelmsford, based on EPC data. 40% of flats are smaller than 10 STANLEY RISE, and 57% of flats are larger. Note that EPC data is not available for all properties in Chelmsford.

10 STANLEY RISE: Plot

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

Where is 10 STANLEY RISE?

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