62, MILL LANE, DANBURY, CHELMSFORD, CM3 4HY - £406,500

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

62 MILL LANE is a midsized extended detached house of 132m², built sometime between 1900 and 1929. It was last sold for £406,500 in January 2014, which was around 2% above the average January 2014 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

62 MILL LANE Sold Prices

Land registry data shows three sales for 62 MILL 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. Two of the three 62 MILL LANE sales were for above the average price, whilst one was 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
2014 24 JAN	£406,500	£399,419	2% above HPI
2008 30 APR	£396,000	£377,320	5% above HPI
1995 14 DEC	£83,500	£103,146	19% below HPI

62 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 three 62 MILL LANE sales between December 1995 and January 2014 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 April 2008 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the January 2014 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 62 MILL LANE?

62 MILL LANE is 132m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the smallest 50% of detached houses in Danbury, based on EPC data. The below chart shows the distribution of detached houses by size in Danbury, and where 62 MILL LANE lies on this distribution: 41% of detached houses are smaller than 62 MILL LANE, and 59% of houses are larger. Note that EPC data is not available for all properties in Danbury.

62 MILL LANE: Plot and Title Map

62 MILL LANE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 62 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 62 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 62 MILL LANE?

62 MILL LANE is located in DANBURY, in the CM3 postcode district. The below map shows the position of No. 62 on MILL LANE.