40, PARK LANE, RAMSDEN HEATH, BILLERICAY, CM11 1NF - £660,000

40 PARK LANE is a very large extended detached house of 221m², built sometime between 1996 and 2002. It was last sold for £660,000 in July 2016, which was around 26% above the average July 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

40 PARK LANE Sold Prices

Land registry data shows three sales for 40 PARK 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 PARK LANE sales were for above the average price, whilst one was for below 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 15 JUL	£660,000	£524,445	26% above HPI
2007 14 SEP	£499,999	£385,394	30% above HPI
1998 16 JAN	£129,000	£133,036	3% below HPI

40 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 three 40 PARK LANE sales between January 1998 and July 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 September 2007 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the July 2016 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 40 PARK LANE?

40 PARK LANE is 221m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 20% 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 40 PARK LANE lies on this distribution: 82% of detached houses are smaller than 40 PARK LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Ramsden Heath.

40 PARK LANE: Plot and Title Map

40 PARK LANE sits on a plot of roughly 0.139 of an acre, or 564m². The below map shows the location of 40 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 40 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 40 PARK LANE?

40 PARK LANE is located in RAMSDEN HEATH, in the CM11 postcode district. The below map shows the position of No. 40 on PARK LANE.