78, SCHOOL LANE, BROOMFIELD, CHELMSFORD, CM1 7DS - £539,500

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

78 SCHOOL LANE is a very large extended detached house of 185m², built sometime between 1967 and 1975. It was last sold for £539,500 in July 2020, which was around 8% below the average July 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

78 SCHOOL LANE Sold Prices

Land registry data shows two sales for 78 SCHOOL 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 78 SCHOOL 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
2020 16 JUL	£539,500	£583,616	8% below HPI
2004 12 MAY	£378,000	£309,762	22% above HPI

78 SCHOOL 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 78 SCHOOL LANE sales from May 2004 and July 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 May 2004 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the July 2020 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 78 SCHOOL LANE?

78 SCHOOL LANE is 185m², which includes two extensions, according to the EPC inspection conducted in February 2019. This puts it in the largest 10% of detached houses in Broomfield, based on EPC data. The below chart shows the distribution of detached houses by size in Broomfield, and where 78 SCHOOL LANE lies on this distribution: 94% of detached houses are smaller than 78 SCHOOL LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

78 SCHOOL LANE: Plot and Title Map

78 SCHOOL LANE sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of 78 SCHOOL 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 78 SCHOOL 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 78 SCHOOL LANE?

78 SCHOOL LANE is located in BROOMFIELD, in the CM1 postcode district. The below map shows the position of No. 78 on SCHOOL LANE.