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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

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 10% 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. All of the three 48 SCHOOL 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
2012 21 SEP	£356,000	£394,641	10% below HPI
2010 28 MAY	£330,000	£370,576	11% below HPI
2003 21 NOV	£304,995	£307,900	1% below 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 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2012 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 48 SCHOOL LANE be worth now?

48 SCHOOL LANE might now be worth an estimated £602,370.

This is based on house price inflation of 69.2%, between September 2012 and December 2024, 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 69.2% inflationary increase is applied to the most recent sale price for 48 SCHOOL LANE of £356,000 on 21st September 2012. For the value to have increased from £356,000 to £602,370 over the eleven years and nine months to December 2024, the following assumptions must hold true:

• The value of 48 SCHOOL LANE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2012 sale price of £356,000 represented a fair market value for the property.
• The size, condition, and specification of 48 SCHOOL LANE has not materially changed since September 2012.

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 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 48 SCHOOL LANE lies on this distribution: 71% of detached houses houses are smaller than 48 SCHOOL LANE, and 26% 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 0.084 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.