481, BEEHIVE LANE, CHELMSFORD, CM2 8RL - £250,000

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.

481 BEEHIVE LANE is a large extended detached house of 146m², built sometime between 1930 and 1949, which could now be worth an estimated £506,210. It was last sold for £250,000 in February 2006, which was around 24% below the average February 2006 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

481 BEEHIVE LANE Sold Prices

Land registry data shows three sales for 481 BEEHIVE 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. Two of the three 481 BEEHIVE LANE sales were for below the average price, whilst one 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
2006 17 FEB	£250,000	£330,281	24% below HPI
2001 29 MAR	£165,000	£198,645	17% below HPI
1995 11 AUG	£107,500	£105,915	1% above HPI

481 BEEHIVE 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 481 BEEHIVE LANE sales between August 1995 and February 2006 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 2001 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2006 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 481 BEEHIVE LANE be worth now?

481 BEEHIVE LANE might now be worth an estimated £506,210.

This is based on house price inflation of 102.5%, between February 2006 and March 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 102.5% inflationary increase is applied to the most recent sale price for 481 BEEHIVE LANE of £250,000 on 17th February 2006. For the value to have increased from £250,000 to £506,210 over the eighteen years and eleven months to March 2025, the following assumptions must hold true:

• The value of 481 BEEHIVE LANE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The February 2006 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 481 BEEHIVE LANE has not materially changed since February 2006.

How Large is 481 BEEHIVE LANE?

481 BEEHIVE LANE is 146m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the largest 30% of detached houses houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Galleywood, and where 481 BEEHIVE LANE lies on this distribution: 72% of detached houses houses are smaller than 481 BEEHIVE LANE, and 28% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

481 BEEHIVE LANE: Plot and Title Map

481 BEEHIVE LANE sits on a plot of roughly 0.152 of an acre, or 615m². The below map shows the location of 481 BEEHIVE 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 481 BEEHIVE 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 481 BEEHIVE LANE?

481 BEEHIVE LANE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 481 on BEEHIVE LANE.