75, PARK LANE, RAMSDEN HEATH, BILLERICAY, CM11 1NL - £492,000

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

75 PARK LANE is a very small detached house of 85m², built sometime between 1991 and 1995. It was last sold for £492,000 in March 2021, which was around 18% below the average March 2021 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.

75 PARK LANE Sold Prices

Land registry data shows two sales for 75 PARK 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. One of the two 75 PARK LANE sales was for below the average price, whilst the other was 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
2021 5 MAR	£492,000	£598,971	18% below HPI
1998 1 MAY	£143,000	£136,447	5% above HPI

75 PARK 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 75 PARK LANE sales from May 1998 and March 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 May 1998 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the March 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 75 PARK LANE?

75 PARK LANE is 85m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 10% of detached houses in Ramsden Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Ramsden Heath, and where 75 PARK LANE lies on this distribution: 2% of detached houses are smaller than 75 PARK LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Ramsden Heath.

75 PARK LANE: Plot and Title Map

75 PARK LANE sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 75 PARK 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 75 PARK 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 75 PARK LANE?

75 PARK LANE is located in RAMSDEN HEATH, in the CM11 postcode district. The below map shows the position of No. 75 on PARK LANE.