8, LYON CLOSE, CHELMSFORD, CM2 8NY - £582,000

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

8 LYON CLOSE is a midsized extended detached house of 128m², built sometime between 1967 and 1975. It was last sold for £582,000 in January 2022, which was around 9% below the average January 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

8 LYON CLOSE Sold Prices

Land registry data shows three sales for 8 LYON CLOSE 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 8 LYON CLOSE 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
2022 7 JAN	£582,000	£642,721	9% below HPI
2015 10 DEC	£420,000	£495,450	15% below HPI
2011 12 MAY	£310,000	£377,046	18% below HPI

8 LYON CLOSE 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 8 LYON CLOSE sales between May 2011 and January 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 December 2015 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the January 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 8 LYON CLOSE?

8 LYON CLOSE is 128m², which includes three extensions, according to the EPC inspection conducted in January 2020. This puts it in the largest 50% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 8 LYON CLOSE lies on this distribution: 54% of detached houses are smaller than 8 LYON CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

8 LYON CLOSE: Plot and Title Map

8 LYON CLOSE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 8 LYON CLOSE, 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 8 LYON CLOSE). 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 8 LYON CLOSE?

8 LYON CLOSE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 8 on LYON CLOSE.