2, THE LIMES, GALLEYWOOD, CHELMSFORD, CM2 8RA - £330,000

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

2 THE LIMES is a large extended detached house of 135m², built sometime between 1967 and 1975. It was last sold for £330,000 in November 2012, which was around 15% below the average November 2012 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was C.

2 THE LIMES Sold Prices

Land registry data shows three sales for 2 THE LIMES 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. Two of the three 2 THE LIMES sales were for below the average price, whilst one was 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
2012 30 NOV	£330,000	£388,484	15% below HPI
2010 1 OCT	£320,000	£373,762	14% below HPI
1997 19 NOV	£147,000	£130,372	13% above HPI

2 THE LIMES 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 three 2 THE LIMES sales between November 1997 and November 2012 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 2010 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2012 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 THE LIMES?

2 THE LIMES is 135m², which includes two extensions, according to the EPC inspection conducted in August 2012. This puts it in the largest 40% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 2 THE LIMES lies on this distribution: 63% of detached houses are smaller than 2 THE LIMES, and 36% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

2 THE LIMES: Plot and Title Map

2 THE LIMES sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 2 THE LIMES, 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 2 THE LIMES). 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 2 THE LIMES?

2 THE LIMES is located in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of No. 2 on THE LIMES.