16, STANLEY RISE, SPRINGFIELD, CHELMSFORD, CM2 6PL - £206,000

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.

16 STANLEY RISE is a small flat of 50m², built sometime between 1996 and 2002, which could now be worth an estimated £218,837. It was last sold for £206,000 in October 2019, which was around 4% above the average October 2019 flat price in the Chelmsford local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was C.

16 STANLEY RISE Sold Prices

Land registry data shows four sales for 16 STANLEY RISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the Chelmsford local authority area for the corresponding sale date. All of the four 16 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
2019 30 OCT	£206,000	£198,877	4% above HPI
2012 10 JUL	£140,000	£136,443	3% above HPI
2006 14 JUL	£140,000	£138,602	1% above HPI
2002 10 APR	£99,995	£85,188	17% above HPI

What might 16 STANLEY RISE be worth now?

16 STANLEY RISE might now be worth an estimated £218,837.

This is based on house price inflation of 6.2%, between October 2019 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 6.2% inflationary increase is applied to the most recent sale price for 16 STANLEY RISE of £206,000 on 30th October 2019. For the value to have increased from £206,000 to £218,837 over the seven years and five months to May 2026, the following assumptions must hold true:

• The value of 16 STANLEY RISE has moved in line with the HPI for flats in the Chelmsford local authority area.
• The October 2019 sale price of £206,000 represented a fair market value for the property.
• The size, condition, and specification of 16 STANLEY RISE has not materially changed since October 2019.

How Large is 16 STANLEY RISE?

16 STANLEY RISE is 50m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 40% of flats in Chelmsford, based on EPC data. 32% of flats are smaller than 16 STANLEY RISE, and 64% of flats are larger. Note that EPC data is not available for all properties in Chelmsford.

16 STANLEY RISE: Plot

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

Where is 16 STANLEY RISE?

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