2, STANLEY RISE, SPRINGFIELD, CHELMSFORD, CM2 6PL - £181,000

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.

2 STANLEY RISE is a detached house, which could now be worth an estimated £502,188. It was last sold for £181,000 in June 2002, which was around 27% below the average June 2002 detached price in the Chelmsford local authority area.

2 STANLEY RISE Sold Prices

Land registry data shows three sales for 2 STANLEY RISE 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 2 STANLEY RISE sales were 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
2002 21 JUN	£181,000	£248,349	27% below HPI
1997 15 OCT	£105,000	£131,832	20% below HPI
1995 11 AUG	£86,500	£105,915	18% below HPI

What might 2 STANLEY RISE be worth now?

2 STANLEY RISE might now be worth an estimated £502,188.

This is based on house price inflation of 177.5%, between June 2002 and May 2026, 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 177.5% inflationary increase is applied to the most recent sale price for 2 STANLEY RISE of £181,000 on 21st June 2002. For the value to have increased from £181,000 to £502,188 over the 24 years and one month to May 2026, the following assumptions must hold true:

• The value of 2 STANLEY RISE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2002 sale price of £181,000 represented a fair market value for the property.
• The size, condition, and specification of 2 STANLEY RISE has not materially changed since June 2002.

Where is 2 STANLEY RISE?

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