40, MILL LANE, DANBURY, CHELMSFORD, CM3 4HY - £335,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 MILL LANE is a large extended detached house of 174m², built sometime between 1976 and 1982. It was last sold for £335,000 in January 2010, which was around 5% below the average January 2010 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

40 MILL LANE Sold Prices

Land registry data shows three sales for 40 MILL 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. One of the three 40 MILL LANE sales was for below the average price, whilst two 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
2010 21 JAN	£335,000	£353,554	5% below HPI
2001 22 NOV	£230,000	£216,732	6% above HPI
1999 30 JUL	£161,000	£149,452	8% above HPI

40 MILL 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 MILL LANE sales between July 1999 and January 2010 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 2001 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the January 2010 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 40 MILL LANE?

40 MILL LANE is 174m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the largest 30% of detached houses in Danbury, based on EPC data. The below chart shows the distribution of detached houses by size in Danbury, and where 40 MILL LANE lies on this distribution: 69% of detached houses are smaller than 40 MILL LANE, and 30% of houses are larger. Note that EPC data is not available for all properties in Danbury.

40 MILL LANE: Plot and Title Map

40 MILL LANE sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of 40 MILL 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 MILL 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 MILL LANE?

40 MILL LANE is located in DANBURY, in the CM3 postcode district. The below map shows the position of No. 40 on MILL LANE.