40, WELL LANE, NEWTON, CHESTER, CH2 2HL - £270,000

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 WELL LANE is a midsized extended detached house of 122m², built sometime between 1967 and 1975. It was last sold for £270,000 in September 2014, which was around 2% below the average September 2014 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was July 2013, where the current energy rating was E, and the potential energy rating was C.

40 WELL LANE Sold Prices

Land registry data shows three sales for 40 WELL 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 Cheshire West and Chester local authority area for the corresponding sale date. All of the three 40 WELL LANE sales were 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
2014 19 SEP	£270,000	£275,696	2% below HPI
2001 4 MAY	£128,000	£136,936	7% below HPI
1997 27 JUN	£89,950	£96,449	7% below HPI

40 WELL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The three 40 WELL LANE sales between June 1997 and September 2014 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 2001 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2014 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 40 WELL LANE?

40 WELL LANE is 122m², which includes two extensions, according to the EPC inspection conducted in July 2013. This puts it in the largest 50% of detached houses in Chester, based on EPC data. The below chart shows the distribution of detached houses by size in Chester, and where 40 WELL LANE lies on this distribution: 57% of detached houses are smaller than 40 WELL LANE, and 43% of houses are larger. Note that EPC data is not available for all properties in Chester.

40 WELL LANE: Plot and Title Map

40 WELL LANE sits on a plot of roughly 0.097 of an acre, or 393m². 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 NEWTON, in the CH2 postcode district. The below map shows the position of No. 40 on WELL LANE.