46, SCHOOL LANE, GREAT LEIGHS, CHELMSFORD, CM3 1GU - £423,500

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.

46 SCHOOL LANE is a large detached house of 157m², built sometime between 2003 and 2006, which could now be worth an estimated £531,736. It was last sold for £423,500 in July 2016, which was around 20% below the average July 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

46 SCHOOL LANE Sold Prices

Land registry data shows two sales for 46 SCHOOL 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. One of the two 46 SCHOOL LANE sales was for below the average price, whilst the other was 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 1 JUL	£423,500	£530,037	20% below HPI
2006 10 MAR	£339,995	£335,363	1% above HPI

46 SCHOOL 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 46 SCHOOL LANE sales from March 2006 and July 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 March 2006 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the July 2016 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 46 SCHOOL LANE be worth now?

46 SCHOOL LANE might now be worth an estimated £531,736.

This is based on house price inflation of 25.6%, between July 2016 and February 2025, for 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 25.6% inflationary increase is applied to the most recent sale price for 46 SCHOOL LANE of £423,500 on 1st July 2016. For the value to have increased from £423,500 to £531,736 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 46 SCHOOL LANE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 2016 sale price of £423,500 represented a fair market value for the property.
• The size, condition, and specification of 46 SCHOOL LANE has not materially changed since July 2016.

How Large is 46 SCHOOL LANE?

46 SCHOOL LANE is 157m² according to the EPC inspection conducted in October 2012. This puts it in the largest 40% of detached houses houses in Great Leighs, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Leighs, and where 46 SCHOOL LANE lies on this distribution: 69% of detached houses houses are smaller than 46 SCHOOL LANE, and 30% of houses are larger. Note that EPC data is not available for all properties in Great Leighs.

46 SCHOOL LANE: Plot and Title Map

46 SCHOOL LANE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 46 SCHOOL 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 46 SCHOOL 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 46 SCHOOL LANE?

46 SCHOOL LANE is located in GREAT LEIGHS, in the CM3 postcode district. The below map shows the position of No. 46 on SCHOOL LANE.