5, PARK LANE, RAMSDEN HEATH, BILLERICAY, CM11 1NE - £377,500

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

5 PARK LANE is a small detached house of 112m², built sometime between 1983 and 1990. It was last sold for £377,500 in July 2013, which was around 3% below the average July 2013 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

5 PARK LANE Sold Prices

Land registry data shows two sales for 5 PARK 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 5 PARK 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
2013 26 JUL	£377,500	£387,941	3% below HPI
2002 18 JAN	£262,000	£219,568	19% above HPI

5 PARK 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 5 PARK LANE sales from January 2002 and July 2013 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 January 2002 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the July 2013 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 5 PARK LANE?

5 PARK LANE is 112m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 30% of detached houses in Ramsden Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Ramsden Heath, and where 5 PARK LANE lies on this distribution: 20% of detached houses are smaller than 5 PARK LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Ramsden Heath.

5 PARK LANE: Plot and Title Map

5 PARK LANE sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of 5 PARK 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 5 PARK 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 5 PARK LANE?

5 PARK LANE is located in RAMSDEN HEATH, in the CM11 postcode district. The below map shows the position of No. 5 on PARK LANE.