56, MILL LANE, DANBURY, CHELMSFORD, CM3 4HY - £265,000

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

56 MILL LANE is a very small detached house of 105m², built sometime between 1950 and 1966. It was last sold for £265,000 in August 2002, which was around 3% above the average August 2002 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

56 MILL LANE Sold Prices

Land registry data shows two sales for 56 MILL 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. Both of the two 56 MILL 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
2002 1 AUG	£265,000	£257,123	3% above HPI
1996 18 SEP	£125,000	£110,268	13% above HPI

56 MILL 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 56 MILL LANE sales from September 1996 and August 2002 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 September 1996 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the August 2002 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 56 MILL LANE?

56 MILL LANE is 105m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 20% of detached houses in Danbury, based on EPC data. The below chart shows the distribution of detached houses by size in Danbury, and where 56 MILL LANE lies on this distribution: 18% of detached houses are smaller than 56 MILL LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Danbury.

56 MILL LANE: Plot and Title Map

56 MILL LANE sits on a plot of roughly 0.169 of an acre, or 686m². The below map shows the location of 56 MILL 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 56 MILL 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 56 MILL LANE?

56 MILL LANE is located in DANBURY, in the CM3 postcode district. The below map shows the position of No. 56 on MILL LANE.