40, WELL LANE, GALLEYWOOD, CHELMSFORD, CM2 8QZ - £632,500

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 WELL LANE is a large extended detached house of 142m², built sometime between 1950 and 1966. It was last sold for £632,500 in September 2020, which was around 7% above the average September 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

40 WELL LANE Sold Prices

Land registry data shows two sales for 40 WELL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 40 WELL 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
2020 11 SEP	£632,500	£591,655	7% above HPI
2006 18 MAY	£405,000	£336,015	21% above HPI

40 WELL 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 two 40 WELL LANE sales from May 2006 and September 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 May 2006 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2020 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 40 WELL LANE?

40 WELL LANE is 142m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the largest 30% 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 WELL LANE lies on this distribution: 69% of detached houses are smaller than 40 WELL LANE, and 30% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

40 WELL LANE: Plot and Title Map

40 WELL LANE sits on a plot of roughly 0.211 of an acre, or 853m². The below map shows the location of 40 WELL 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 WELL 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 WELL LANE?

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