38, PARK LANE, RAMSDEN HEATH, BILLERICAY, CM11 1NF - £400,000

38 PARK LANE is a small extended detached house of 136m², built sometime between 1930 and 1949. It was last sold for £400,000 in April 2014, which was around 4% below the average April 2014 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2013, where the current energy rating was F, and the potential energy rating was D.

38 PARK LANE Sold Prices

Land registry data shows two sales for 38 PARK 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 38 PARK LANE sales was for below the average price, whilst the other 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
2014 11 APR	£400,000	£416,517	4% below HPI
2001 18 JUN	£265,000	£203,015	31% above HPI

38 PARK 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 38 PARK LANE sales from June 2001 and April 2014 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 2001 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the April 2014 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 38 PARK LANE?

38 PARK LANE is 136m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the smallest 40% of detached houses in Ramsden Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Ramsden Heath, and where 38 PARK LANE lies on this distribution: 36% of detached houses are smaller than 38 PARK LANE, and 64% of houses are larger. Note that EPC data is not available for all properties in Ramsden Heath.

38 PARK LANE: Plot and Title Map

38 PARK LANE sits on a plot of roughly 0.170 of an acre, or 686m². The below map shows the location of 38 PARK 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 38 PARK 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 38 PARK LANE?

38 PARK LANE is located in RAMSDEN HEATH, in the CM11 postcode district. The below map shows the position of No. 38 on PARK LANE.