41C, WELL LANE, GALLEYWOOD, CHELMSFORD, CM2 8QZ - £580,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

41C WELL LANE is a large detached house of 151m². It was last sold for £580,000 in November 2016, which was around 9% above the average November 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2011, where the current energy rating was B, and the potential energy rating was B.

41C WELL LANE Sold Prices

Land registry data shows two sales for 41C 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 41C 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
2016 21 NOV	£580,000	£534,455	9% above HPI
2011 25 FEB	£535,000	£372,690	44% above HPI

41C 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 41C WELL LANE sales from February 2011 and November 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 February 2011 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the November 2016 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 41C WELL LANE?

41C WELL LANE is 151m² according to the EPC inspection conducted in January 2011. 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 41C WELL LANE lies on this distribution: 75% of detached houses are smaller than 41C WELL LANE, and 25% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

41C WELL LANE: Plot and Title Map

41C WELL LANE sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 41C 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 41C 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 41C WELL LANE?

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