37, WELL LANE, NEWTON, CHESTER, CH2 2HL - £510,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

37 WELL LANE is a midsized extended detached house of 113m², built sometime between 1900 and 1929, which could now be worth an estimated £847,933. It was last sold for £510,000 in March 2011, which was around 96% above the average March 2011 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

37 WELL LANE Sold Prices

Land registry data shows three sales for 37 WELL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. All of the three 37 WELL 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
2011 2 MAR	£510,000	£260,197	96% above HPI
2006 17 FEB	£369,375	£245,817	50% above HPI
2000 10 NOV	£250,000	£130,126	92% above HPI

37 WELL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The three 37 WELL LANE sales between November 2000 and March 2011 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 2006 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the March 2011 sale, where it rises to 96% above the HPI. The line then continues to track at 96% above the HPI.

What might 37 WELL LANE be worth now?

37 WELL LANE might now be worth an estimated £847,933.

This is based on house price inflation of 66.3%, between March 2011 and March 2025, for detached houses, in the Cheshire West and Chester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.3% inflationary increase is applied to the most recent sale price for 37 WELL LANE of £510,000 on 2nd March 2011. For the value to have increased from £510,000 to £847,933 over the fourteen years to March 2025, the following assumptions must hold true:

• The value of 37 WELL LANE has moved in line with the HPI for detached houses in the Cheshire West and Chester local authority area.
• The March 2011 sale price of £510,000 represented a fair market value for the property.
• The size, condition, and specification of 37 WELL LANE has not materially changed since March 2011.

How Large is 37 WELL LANE?

37 WELL LANE is 113m², which includes one extension, according to the EPC inspection conducted in November 2010. This puts it in the smallest 50% of detached houses houses in Chester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chester, and where 37 WELL LANE lies on this distribution: 46% of detached houses houses are smaller than 37 WELL LANE, and 54% of houses are larger. Note that EPC data is not available for all properties in Chester.

37 WELL LANE: Plot and Title Map

37 WELL LANE sits on a plot of roughly 0.221 of an acre, or 895m². The below map shows the location of 37 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 37 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 37 WELL LANE?

37 WELL LANE is located in NEWTON, in the CH2 postcode district. The below map shows the position of No. 37 on WELL LANE.