62, WELL LANE, GALLEYWOOD, CHELMSFORD, CM2 8QZ - £525,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

62 WELL LANE is a very small extended semi-detached house of 97m², built sometime between 1930 and 1949, which could now be worth an estimated £604,382. It was last sold for £525,000 in September 2020, which was around 46% above the average September 2020 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2011, where the current energy rating was E, and the potential energy rating was D.

62 WELL LANE Sold Prices

Land registry data shows two sales for 62 WELL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 62 WELL 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
2020 11 SEP	£525,000	£359,971	46% above HPI
2011 9 DEC	£275,000	£223,471	23% above HPI

62 WELL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two 62 WELL LANE sales from December 2011 and September 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 December 2011 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the September 2020 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 62 WELL LANE be worth now?

62 WELL LANE might now be worth an estimated £604,382.

This is based on house price inflation of 15.1%, between September 2020 and December 2024, for semi-detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.1% inflationary increase is applied to the most recent sale price for 62 WELL LANE of £525,000 on 11th September 2020. For the value to have increased from £525,000 to £604,382 over the three years and nine months to December 2024, the following assumptions must hold true:

• The value of 62 WELL LANE has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The September 2020 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 62 WELL LANE has not materially changed since September 2020.

How Large is 62 WELL LANE?

62 WELL LANE is 97m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the smallest 20% of semi-detached houses houses in Galleywood, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Galleywood, and where 62 WELL LANE lies on this distribution: 18% of semi-detached houses houses are smaller than 62 WELL LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

62 WELL LANE: Plot and Title Map

62 WELL LANE sits on a plot of roughly 0.161 of an acre, or 652m². The below map shows the location of 62 WELL 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 WELL 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 WELL LANE?

62 WELL LANE is located in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of No. 62 on WELL LANE.