31, WELL LANE, GALLEYWOOD, CHELMSFORD, CM2 8QY - £320,000

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

31 WELL LANE is a small semi-detached house of 102m². It was last sold for £320,000 in February 2010, which was around 10% below the average February 2010 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2009, where the current energy rating was B, and the potential energy rating was B.

31 WELL LANE Sold Prices

Land registry data shows two sales for 31 WELL 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. Both of the two 31 WELL LANE sales were 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
2010 26 FEB	£320,000	£354,375	10% below HPI
2007 31 AUG	£279,950	£385,595	27% below HPI

31 WELL 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 31 WELL LANE sales from August 2007 and February 2010 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 August 2007 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2010 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 31 WELL LANE?

31 WELL LANE is 102m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 30% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 31 WELL LANE lies on this distribution: 24% of detached houses are smaller than 31 WELL LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

31 WELL LANE: Plot and Title Map

31 WELL LANE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 31 WELL 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 31 WELL 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 31 WELL LANE?

31 WELL LANE is located in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of No. 31 on WELL LANE.