41, WELL LANE, GALLEYWOOD, CHELMSFORD, CM2 8QZ - £392,500

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

41 WELL LANE is a very small semi-detached house of 78m², built sometime before 1900. It was last sold for £392,500 in September 2015, which was around 19% below the average September 2015 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2011, where the current energy rating was E, and the potential energy rating was E.

41 WELL LANE Sold Prices

Land registry data shows five sales for 41 WELL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Most of the five 41 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
2015 28 SEP	£392,500	£482,675	19% below HPI
2011 16 NOV	£338,000	£367,757	8% below HPI
2004 29 SEP	£362,500	£328,539	10% above HPI
1999 10 AUG	£210,000	£153,512	37% above HPI
1995 15 MAY	£130,000	£104,385	25% above HPI

41 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 five 41 WELL LANE sales between May 1995 and September 2015 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 2011 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2015 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 41 WELL LANE?

41 WELL LANE is 78m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 10% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 41 WELL LANE lies on this distribution: 6% of detached houses are smaller than 41 WELL LANE, and 94% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

41 WELL LANE: Plot and Title Map

41 WELL LANE sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of 41 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 41 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 41 WELL LANE?

41 WELL LANE is located in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of No. 41 on WELL LANE.