22, RATCLIFFE GATE, SPRINGFIELD, CHELMSFORD, CM1 6AL - £550,000

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.

22 RATCLIFFE GATE is a midsized extended detached house of 129m², built sometime between 2007 and 2011, which could now be worth an estimated £642,252. It was last sold for £550,000 in November 2019, which was around 7% below the average November 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

22 RATCLIFFE GATE Sold Prices

Land registry data shows one sale for 22 RATCLIFFE GATE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached 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
2019 29 NOV	£550,000	£590,075	7% below HPI

What might 22 RATCLIFFE GATE be worth now?

22 RATCLIFFE GATE might now be worth an estimated £642,252.

This is based on house price inflation of 16.8%, between November 2019 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 16.8% inflationary increase is applied to the most recent sale price for 22 RATCLIFFE GATE of £550,000 on 29th November 2019. For the value to have increased from £550,000 to £642,252 over the seven years and six months to May 2026, the following assumptions must hold true:

• The value of 22 RATCLIFFE GATE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The November 2019 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 22 RATCLIFFE GATE has not materially changed since November 2019.

How Large is 22 RATCLIFFE GATE?

22 RATCLIFFE GATE is 129m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the largest 50% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 22 RATCLIFFE GATE lies on this distribution: 56% of detached houses are smaller than 22 RATCLIFFE GATE, and 43% of detached houses are larger. Note that EPC data is not available for all properties in Chelmsford.

22 RATCLIFFE GATE: Plot

22 RATCLIFFE GATE sits on a plot of roughly 0.046 of an acre, or 187m².

Where is 22 RATCLIFFE GATE?

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