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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 LYON CLOSE is a midsized extended detached house of 128m², built sometime between 1967 and 1975, which could now be worth an estimated £596,270. It was last sold for £582,000 in January 2022, which was around 10% 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	£649,574	10% below HPI
2015 10 DEC	£420,000	£500,732	16% below HPI
2011 12 MAY	£310,000	£381,066	19% 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 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the January 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 8 LYON CLOSE be worth now?

8 LYON CLOSE might now be worth an estimated £596,270.

This is based on house price inflation of 2.5%, between January 2022 and February 2025, for detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.5% inflationary increase is applied to the most recent sale price for 8 LYON CLOSE of £582,000 on 7th January 2022. For the value to have increased from £582,000 to £596,270 over the two years and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 LYON CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The January 2022 sale price of £582,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LYON CLOSE has not materially changed since January 2022.

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 houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Galleywood, and where 8 LYON CLOSE lies on this distribution: 55% of detached houses houses are smaller than 8 LYON CLOSE, and 45% 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.