78, WELL LANE, GALLEYWOOD, CHELMSFORD, CM2 8QZ - £329,000

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 WELL LANE is a small detached house of 103m², built sometime before 1900. It was last sold for £329,000 in June 2018, which was around 41% below the average June 2018 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was C.

78 WELL LANE Sold Prices

Land registry data shows five sales for 78 WELL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the five 78 WELL 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
2018 12 JUN	£329,000	£558,123	41% below HPI
2017 7 APR	£350,000	£555,229	37% below HPI
2012 9 NOV	£299,995	£388,484	23% below HPI
2006 28 JUL	£303,000	£340,967	11% below HPI
1997 28 JUL	£97,000	£123,759	22% below HPI

78 WELL 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 five 78 WELL LANE sales between July 1997 and June 2018 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 2017 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the June 2018 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 78 WELL LANE?

78 WELL LANE is 103m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 30% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 78 WELL LANE lies on this distribution: 25% of detached houses are smaller than 78 WELL LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

78 WELL LANE: Plot and Title Map

78 WELL LANE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 78 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 78 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 78 WELL LANE?

78 WELL LANE is located in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of No. 78 on WELL LANE.