56, STANLEY RISE, SPRINGFIELD, CHELMSFORD, CM2 6PL - £219,995

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.

56 STANLEY RISE is a small flat of 52m², built sometime between 1996 and 2002, which could now be worth an estimated £239,626. It was last sold for £219,995 in February 2017, which was around 13% above the average February 2017 flat price in the Chelmsford local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

56 STANLEY RISE Sold Prices

Land registry data shows three sales for 56 STANLEY RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Chelmsford local authority area for the corresponding sale date. All of the three 56 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
2017 3 FEB	£219,995	£193,962	13% above HPI
2014 28 NOV	£189,000	£158,985	19% above HPI
2003 10 OCT	£134,995	£115,205	17% above HPI

What might 56 STANLEY RISE be worth now?

56 STANLEY RISE might now be worth an estimated £239,626.

This is based on house price inflation of 8.9%, between February 2017 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 8.9% inflationary increase is applied to the most recent sale price for 56 STANLEY RISE of £219,995 on 3rd February 2017. For the value to have increased from £219,995 to £239,626 over the eight years and nine months to May 2026, the following assumptions must hold true:

• The value of 56 STANLEY RISE has moved in line with the HPI for flats in the Chelmsford local authority area.
• The February 2017 sale price of £219,995 represented a fair market value for the property.
• The size, condition, and specification of 56 STANLEY RISE has not materially changed since February 2017.

How Large is 56 STANLEY RISE?

56 STANLEY RISE is 52m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 40% of flats in Chelmsford, based on EPC data. 40% of flats are smaller than 56 STANLEY RISE, and 57% of flats are larger. Note that EPC data is not available for all properties in Chelmsford.

56 STANLEY RISE: Plot

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

Where is 56 STANLEY RISE?

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