72, BROOK LANE, GALLEYWOOD, CHELMSFORD, CM2 8NN - £585,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

72 BROOK LANE is a small extended detached house of 113m², built sometime between 2003 and 2006. It was last sold for £585,000 in August 2023, which was around 14% below the average August 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

72 BROOK LANE Sold Prices

Land registry data shows two sales for 72 BROOK 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 72 BROOK LANE 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
2023 25 AUG	£585,000	£681,767	14% below HPI
2008 12 AUG	£310,000	£370,526	16% below HPI

72 BROOK 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 72 BROOK LANE sales from August 2008 and August 2023 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 August 2008 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2023 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 72 BROOK LANE?

72 BROOK LANE is 113m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 40% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 72 BROOK LANE lies on this distribution: 34% of detached houses are smaller than 72 BROOK LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

72 BROOK LANE: Plot and Title Map

72 BROOK LANE sits on a plot of roughly 0.068 of an acre, or 273m². The below map shows the location of 72 BROOK 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 72 BROOK 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 72 BROOK LANE?

72 BROOK LANE is located in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of No. 72 on BROOK LANE.