15, TIMSONS LANE, CHELMSFORD, CM2 6AF - £360,000

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.

15 TIMSONS LANE is a small extended terraced house of 93m², built sometime between 1950 and 1966, which could now be worth an estimated £430,222. It was last sold for £360,000 in September 2020, which was around 25% above the average September 2020 terraced price in the Chelmsford local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

15 TIMSONS LANE Sold Prices

Land registry data shows two sales for 15 TIMSONS 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. Both of the two 15 TIMSONS 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
2020 30 SEP	£360,000	£288,175	25% above HPI
2004 6 OCT	£190,000	£160,324	19% above HPI

15 TIMSONS 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 15 TIMSONS LANE sales from October 2004 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 October 2004 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2020 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 15 TIMSONS LANE be worth now?

15 TIMSONS LANE might now be worth an estimated £430,222.

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 15 TIMSONS LANE of £360,000 on 30th September 2020. For the value to have increased from £360,000 to £430,222 over the five years and three months to June 2025, the following assumptions must hold true:

• The value of 15 TIMSONS LANE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The September 2020 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 15 TIMSONS LANE has not materially changed since September 2020.

How Large is 15 TIMSONS LANE?

15 TIMSONS LANE is 93m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 30% 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 15 TIMSONS LANE lies on this distribution: 21% of terraced houses houses are smaller than 15 TIMSONS LANE, and 78% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

15 TIMSONS LANE: Plot and Title Map

15 TIMSONS LANE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 15 TIMSONS 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 15 TIMSONS 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 15 TIMSONS LANE?

15 TIMSONS LANE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 15 on TIMSONS LANE.