78A, SCHOOL LANE, BROOMFIELD, CHELMSFORD, CM1 7DS - £1,020,000

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

78A SCHOOL LANE is a very large extended detached house of 255m², built sometime between 2003 and 2006. It was last sold for £1,020,000 in February 2022, which was around 57% above the average February 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2017, where the current energy rating was B, and the potential energy rating was B.

78A SCHOOL LANE Sold Prices

Land registry data shows three sales for 78A SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 78A SCHOOL 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
2022 16 FEB	£1,020,000	£650,942	57% above HPI
2018 23 OCT	£880,000	£575,460	53% above HPI
2003 28 OCT	£479,000	£302,087	59% above HPI

78A 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 three 78A SCHOOL LANE sales between October 2003 and February 2022 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 October 2018 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the February 2022 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

How Large is 78A SCHOOL LANE?

78A SCHOOL LANE is 255m², which includes four extensions, according to the EPC inspection conducted in August 2017. 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 78A SCHOOL LANE lies on this distribution: 99% of detached houses are smaller than 78A SCHOOL LANE, and 1% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

78A SCHOOL LANE: Plot and Title Map

78A SCHOOL LANE sits on a plot of roughly 0.204 of an acre, or 825m². The below map shows the location of 78A 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 78A 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 78A SCHOOL LANE?

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