48, SCHOOL LANE, GREAT LEIGHS, CHELMSFORD, CM3 1GU - £356,000

48 SCHOOL LANE is a large detached house of 160m², built sometime between 2003 and 2006. It was last sold for £356,000 in September 2012, which was around 9% below the average September 2012 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2009, where the current energy rating was C, and the potential energy rating was C.

48 SCHOOL LANE Sold Prices

Land registry data shows three sales for 48 SCHOOL 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 Chelmsford local authority area for the corresponding sale date. The three 48 SCHOOL LANE sales were a mix of below the average price, and roughly equal to 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
2012 21 SEP	£356,000	£390,478	9% below HPI
2010 28 MAY	£330,000	£366,667	10% below HPI
2003 21 NOV	£304,995	£304,652	Close to HPI

48 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 three 48 SCHOOL LANE sales between November 2003 and September 2012 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 2010 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2012 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 48 SCHOOL LANE?

48 SCHOOL LANE is 160m² according to the EPC inspection conducted in April 2009. This puts it in the largest 30% of detached houses in Great Leighs, based on EPC data. The below chart shows the distribution of detached houses by size in Great Leighs, and where 48 SCHOOL LANE lies on this distribution: 70% of detached houses are smaller than 48 SCHOOL LANE, and 27% of houses are larger. Note that EPC data is not available for all properties in Great Leighs.

48 SCHOOL LANE: Plot and Title Map

48 SCHOOL LANE sits on a plot of roughly 0.083 of an acre, or 338m². The below map shows the location of 48 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 48 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 48 SCHOOL LANE?

48 SCHOOL LANE is located in GREAT LEIGHS, in the CM3 postcode district. The below map shows the position of No. 48 on SCHOOL LANE.