53, PARK LANE, RAMSDEN HEATH, BILLERICAY, CM11 1NE - £575,000

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

53 PARK LANE is a small extended detached house of 118m², built sometime between 1930 and 1949. It was last sold for £575,000 in December 2020, which was around 3% below the average December 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

53 PARK LANE Sold Prices

Land registry data shows three sales for 53 PARK 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 53 PARK 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
2020 14 DEC	£575,000	£589,917	3% below HPI
2017 14 JUN	£548,500	£560,464	2% below HPI
2007 4 APR	£355,000	£363,680	2% below HPI

53 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 three 53 PARK LANE sales between April 2007 and December 2020 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 June 2017 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the December 2020 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 53 PARK LANE?

53 PARK LANE is 118m², which includes one extension, according to the EPC inspection conducted in April 2017. 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 53 PARK LANE lies on this distribution: 27% of detached houses are smaller than 53 PARK LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Ramsden Heath.

53 PARK LANE: Plot and Title Map

53 PARK LANE sits on a plot of roughly 0.154 of an acre, or 622m². The below map shows the location of 53 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 53 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 53 PARK LANE?

53 PARK LANE is located in RAMSDEN HEATH, in the CM11 postcode district. The below map shows the position of No. 53 on PARK LANE.