32, SCHOOL LANE, BROOMFIELD, CHELMSFORD, CM1 7DR - £340,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

32 SCHOOL LANE is a very small extended semi-detached house of 78m², built sometime between 1900 and 1929. It was last sold for £340,000 in December 2017, which was around 40% below the average December 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

32 SCHOOL LANE Sold Prices

Land registry data shows six sales for 32 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the six 32 SCHOOL 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
2017 20 DEC	£340,000	£565,791	40% below HPI
2015 26 JUN	£286,100	£462,894	38% below HPI
2007 22 OCT	£245,000	£386,390	37% below HPI
2003 21 NOV	£187,500	£304,652	38% below HPI
2001 14 DEC	£140,000	£219,796	36% below HPI
1999 20 DEC	£105,000	£167,082	37% below HPI

32 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 six 32 SCHOOL LANE sales between December 1999 and December 2017 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 June 2015 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the December 2017 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 32 SCHOOL LANE?

32 SCHOOL LANE is 78m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the smallest 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 32 SCHOOL LANE lies on this distribution: 12% of detached houses are smaller than 32 SCHOOL LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

32 SCHOOL LANE: Plot and Title Map

32 SCHOOL LANE sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 32 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 32 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 32 SCHOOL LANE?

32 SCHOOL LANE is located in BROOMFIELD, in the CM1 postcode district. The below map shows the position of No. 32 on SCHOOL LANE.