122, MOLRAMS LANE, GREAT BADDOW, CHELMSFORD, CM2 7FJ - £292,000

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.

122 MOLRAMS LANE is a very small terraced house of 69m², built sometime from 2007 onwards, which could now be worth an estimated £348,958. It was last sold for £292,000 in September 2020, which was around 1% above the average September 2020 terraced price in the Chelmsford local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

122 MOLRAMS LANE Sold Prices

Land registry data shows two sales for 122 MOLRAMS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. One of the two 122 MOLRAMS LANE sales was for above the average price, whilst the other was 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
2020 23 SEP	£292,000	£288,175	1% above HPI
2019 8 FEB	£275,000	£277,429	1% below HPI

122 MOLRAMS LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chelmsford local authority area over time, sourced from the HPI. The two 122 MOLRAMS LANE sales from February 2019 and September 2020 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 February 2019 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2020 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 122 MOLRAMS LANE be worth now?

122 MOLRAMS LANE might now be worth an estimated £348,958.

This is based on house price inflation of 19.5%, between September 2020 and June 2025, for terraced 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 19.5% inflationary increase is applied to the most recent sale price for 122 MOLRAMS LANE of £292,000 on 23rd September 2020. For the value to have increased from £292,000 to £348,958 over the five years and three months to June 2025, the following assumptions must hold true:

• The value of 122 MOLRAMS LANE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The September 2020 sale price of £292,000 represented a fair market value for the property.
• The size, condition, and specification of 122 MOLRAMS LANE has not materially changed since September 2020.

How Large is 122 MOLRAMS LANE?

122 MOLRAMS LANE is 69m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of terraced houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chelmsford, and where 122 MOLRAMS LANE lies on this distribution: 4% of terraced houses houses are smaller than 122 MOLRAMS LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

122 MOLRAMS LANE: Plot and Title Map

122 MOLRAMS LANE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 122 MOLRAMS 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 122 MOLRAMS 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 122 MOLRAMS LANE?

122 MOLRAMS LANE is located in GREAT BADDOW, in the CM2 postcode district. The below map shows the position of No. 122 on MOLRAMS LANE.