55, SCHOOL LANE, BROOMFIELD, CHELMSFORD, CM1 7DR - £630,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

55 SCHOOL LANE is a very large extended detached house of 175m², built sometime between 1983 and 1990. It was last sold for £630,000 in April 2019, which was around 7% above the average April 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

55 SCHOOL LANE Sold Prices

Land registry data shows four sales for 55 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Most of the four 55 SCHOOL LANE sales were 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
2019 8 APR	£630,000	£589,872	7% above HPI
2005 22 JUL	£410,000	£329,709	24% above HPI
1999 26 JUL	£235,000	£149,452	57% above HPI
1998 9 NOV	£90,000	£146,365	39% below HPI

55 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 four 55 SCHOOL LANE sales between November 1998 and April 2019 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 July 2005 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the April 2019 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 55 SCHOOL LANE?

55 SCHOOL LANE is 175m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 10% of detached houses in Broomfield, based on EPC data. The below chart shows the distribution of detached houses by size in Broomfield, and where 55 SCHOOL LANE lies on this distribution: 92% of detached houses are smaller than 55 SCHOOL LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

55 SCHOOL LANE: Plot and Title Map

55 SCHOOL LANE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 55 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 55 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 55 SCHOOL LANE?

55 SCHOOL LANE is located in BROOMFIELD, in the CM1 postcode district. The below map shows the position of No. 55 on SCHOOL LANE.