40, BROOK LANE, GALLEYWOOD, CHELMSFORD, CM2 8NL - £530,000

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

40 BROOK LANE is a very large extended detached house of 165m², built sometime between 1950 and 1966. It was last sold for £530,000 in August 2020, which was around 9% below the average August 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

40 BROOK LANE Sold Prices

Land registry data shows three sales for 40 BROOK 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 Chelmsford local authority area for the corresponding sale date. Two of the three 40 BROOK LANE sales were for below the average price, whilst one 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
2020 20 AUG	£530,000	£585,467	9% below HPI
2004 7 JUN	£372,500	£314,312	19% above HPI
2002 6 JUN	£130,000	£245,730	47% below HPI

40 BROOK 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 three 40 BROOK LANE sales between June 2002 and August 2020 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 2004 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2020 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 40 BROOK LANE?

40 BROOK LANE is 165m², which includes three extensions, according to the EPC inspection conducted in March 2020. This puts it in the largest 20% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 40 BROOK LANE lies on this distribution: 86% of detached houses are smaller than 40 BROOK LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

40 BROOK LANE: Plot and Title Map

40 BROOK LANE sits on a plot of roughly 0.154 of an acre, or 624m². The below map shows the location of 40 BROOK 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 40 BROOK 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 40 BROOK LANE?

40 BROOK LANE is located in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of No. 40 on BROOK LANE.