4, PYNE GATE, GALLEYWOOD, CHELMSFORD, CM2 8QG - £555,000

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.

4 PYNE GATE is a small extended detached house of 120m², built sometime between 1976 and 1982, which could now be worth an estimated £714,275. It was last sold for £555,000 in June 2016, which was around 7% above the average June 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

4 PYNE GATE Sold Prices

Land registry data shows three sales for 4 PYNE GATE 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. All of the three 4 PYNE GATE 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
2016 24 JUN	£555,000	£519,639	7% above HPI
2010 25 NOV	£399,000	£381,430	5% above HPI
1999 30 APR	£159,995	£146,639	9% above HPI

4 PYNE GATE 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 4 PYNE GATE sales between April 1999 and June 2016 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 November 2010 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the June 2016 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 4 PYNE GATE be worth now?

4 PYNE GATE might now be worth an estimated £714,275.

This is based on house price inflation of 28.7%, between June 2016 and March 2025, for detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.7% inflationary increase is applied to the most recent sale price for 4 PYNE GATE of £555,000 on 24th June 2016. For the value to have increased from £555,000 to £714,275 over the nine years and three months to March 2025, the following assumptions must hold true:

• The value of 4 PYNE GATE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2016 sale price of £555,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PYNE GATE has not materially changed since June 2016.

How Large is 4 PYNE GATE?

4 PYNE GATE is 120m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the smallest 40% of detached houses houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Galleywood, and where 4 PYNE GATE lies on this distribution: 39% of detached houses houses are smaller than 4 PYNE GATE, and 58% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

4 PYNE GATE: Plot and Title Map

4 PYNE GATE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 4 PYNE GATE, 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 4 PYNE GATE). 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 4 PYNE GATE?

4 PYNE GATE is located in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of No. 4 on PYNE GATE.