40, SKINNERS LANE, CHELMSFORD, CM2 8RP - £450,000

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.

40 SKINNERS LANE is a very small semi-detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £440,794. It was last sold for £450,000 in August 2022, which was around 6% above the average August 2022 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

40 SKINNERS LANE Sold Prices

Land registry data shows two sales for 40 SKINNERS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 40 SKINNERS LANE 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
2022 12 AUG	£450,000	£425,830	6% above HPI
2001 14 JUN	£129,000	£116,352	11% above HPI

40 SKINNERS LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two 40 SKINNERS LANE sales from June 2001 and August 2022 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 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2022 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 40 SKINNERS LANE be worth now?

40 SKINNERS LANE might now be worth an estimated £440,794.

This is based on house price deflation of 2%, between August 2022 and March 2025, for semi-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 2% deflationary decrease is applied to the most recent sale price for 40 SKINNERS LANE of £450,000 on 12th August 2022. For the value to have decreased from £450,000 to £440,794 over the three years and five months to March 2025, the following assumptions must hold true:

• The value of 40 SKINNERS LANE has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The August 2022 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 40 SKINNERS LANE has not materially changed since August 2022.

How Large is 40 SKINNERS LANE?

40 SKINNERS LANE is 82m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of semi-detached houses houses in Galleywood, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Galleywood, and where 40 SKINNERS LANE lies on this distribution: 8% of semi-detached houses houses are smaller than 40 SKINNERS LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

40 SKINNERS LANE: Plot and Title Map

40 SKINNERS LANE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 40 SKINNERS 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 SKINNERS 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 SKINNERS LANE?

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