6, LYON CLOSE, CHELMSFORD, CM2 8NY - £455,000

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

6 LYON CLOSE is a midsized extended detached house of 124m², built sometime between 1950 and 1966. It was last sold for £455,000 in July 2021, which was around 23% below the average July 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was C.

6 LYON CLOSE Sold Prices

Land registry data shows two sales for 6 LYON CLOSE 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 6 LYON CLOSE 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
2021 30 JUL	£455,000	£592,790	23% below HPI
2002 18 FEB	£164,995	£222,489	26% below HPI

6 LYON CLOSE 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 6 LYON CLOSE sales from February 2002 and July 2021 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 February 2002 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2021 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 6 LYON CLOSE?

6 LYON CLOSE is 124m², which includes four extensions, according to the EPC inspection conducted in August 2020. This puts it in the smallest 50% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 6 LYON CLOSE lies on this distribution: 45% of detached houses are smaller than 6 LYON CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

6 LYON CLOSE: Plot and Title Map

6 LYON CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 6 LYON CLOSE, 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 6 LYON CLOSE). 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 6 LYON CLOSE?

6 LYON CLOSE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 6 on LYON CLOSE.