80, WELL LANE, GALLEYWOOD, CHELMSFORD, CM2 8QZ - £460,000

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

80 WELL LANE is a small extended detached house of 120m², built sometime between 1967 and 1975. It was last sold for £460,000 in April 2019, which was around 22% below the average April 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2016, where the current energy rating was F, and the potential energy rating was C.

80 WELL LANE Sold Prices

Land registry data shows two sales for 80 WELL 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. Both of the two 80 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
2019 24 APR	£460,000	£589,872	22% below HPI
2016 22 JUL	£425,250	£524,445	19% below HPI

80 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 two 80 WELL LANE sales from July 2016 and April 2019 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 July 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the April 2019 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 80 WELL LANE?

80 WELL LANE is 120m², which includes two extensions, according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 80 WELL LANE lies on this distribution: 39% of detached houses are smaller than 80 WELL LANE, and 58% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

80 WELL LANE: Plot and Title Map

80 WELL LANE sits on a plot of roughly 0.189 of an acre, or 764m². The below map shows the location of 80 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 80 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 80 WELL LANE?

80 WELL LANE is located in GALLEYWOOD, in the CM2 postcode district. The below map shows the position of No. 80 on WELL LANE.