12, MILL LANE, DANBURY, CHELMSFORD, CM3 4LF - £960,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 MILL LANE is a large detached house of 173m², built sometime between 1950 and 1966. It was last sold for £960,000 in August 2023, which was around 41% above the average August 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

12 MILL LANE Sold Prices

Land registry data shows five sales for 12 MILL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the five 12 MILL LANE 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
2023 22 AUG	£960,000	£681,767	41% above HPI
2007 10 OCT	£615,000	£386,390	59% above HPI
2004 29 APR	£380,000	£310,507	22% above HPI
1996 2 SEP	£125,000	£110,268	13% above HPI
1995 24 FEB	£140,000	£106,768	31% above HPI

12 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The five 12 MILL LANE sales between February 1995 and August 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2007 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the August 2023 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 12 MILL LANE?

12 MILL LANE is 173m² according to the EPC inspection conducted in March 2023. This puts it in the largest 40% of detached houses in Danbury, based on EPC data. The below chart shows the distribution of detached houses by size in Danbury, and where 12 MILL LANE lies on this distribution: 69% of detached houses are smaller than 12 MILL LANE, and 31% of houses are larger. Note that EPC data is not available for all properties in Danbury.

12 MILL LANE: Plot and Title Map

12 MILL LANE sits on a plot of roughly 0.249 of an acre, or 1,007m². The below map shows the location of 12 MILL LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 MILL LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 MILL LANE?

12 MILL LANE is located in DANBURY, in the CM3 postcode district. The below map shows the position of No. 12 on MILL LANE.