12, SCHOOL LANE, BROOMFIELD, CHELMSFORD, CM1 7DN - £850,000

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 SCHOOL LANE is a very large extended detached house of 160m², built sometime between 1967 and 1975. It was last sold for £850,000 in December 2023, which was around 31% above the average December 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

12 SCHOOL LANE Sold Prices

Land registry data shows two sales for 12 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. One of the two 12 SCHOOL LANE sales was for above the average price, whilst the other was 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
2023 5 DEC	£850,000	£651,036	31% above HPI
2012 24 FEB	£337,500	£365,065	8% below HPI

12 SCHOOL 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 two 12 SCHOOL LANE sales from February 2012 and December 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 February 2012 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2023 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 12 SCHOOL LANE?

12 SCHOOL LANE is 160m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 20% of detached houses in Broomfield, based on EPC data. The below chart shows the distribution of detached houses by size in Broomfield, and where 12 SCHOOL LANE lies on this distribution: 88% of detached houses are smaller than 12 SCHOOL LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

12 SCHOOL LANE: Plot and Title Map

12 SCHOOL LANE sits on a plot of roughly 0.216 of an acre, or 875m². The below map shows the location of 12 SCHOOL 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 SCHOOL 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 SCHOOL LANE?

12 SCHOOL LANE is located in BROOMFIELD, in the CM1 postcode district. The below map shows the position of No. 12 on SCHOOL LANE.