18, SCHOOL LANE, BROOMFIELD, CHELMSFORD, CM1 7DN - £765,000

18 SCHOOL LANE is a very large extended detached house of 180m², built sometime between 1950 and 1966. It was last sold for £765,000 in October 2020, which was around 30% above the average October 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

18 SCHOOL LANE Sold Prices

Land registry data shows four sales for 18 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Most of the four 18 SCHOOL 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
2020 22 OCT	£765,000	£589,349	30% above HPI
2018 26 OCT	£455,000	£575,460	21% below HPI
2009 14 OCT	£300,000	£352,099	15% below HPI
2003 8 AUG	£245,000	£297,562	18% below HPI

18 SCHOOL 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 four 18 SCHOOL LANE sales between August 2003 and October 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 2018 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2020 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 18 SCHOOL LANE?

18 SCHOOL LANE is 180m², which includes four extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 10% of detached houses in Broomfield, based on EPC data. The below chart shows the distribution of detached houses by size in Broomfield, and where 18 SCHOOL LANE lies on this distribution: 92% of detached houses are smaller than 18 SCHOOL LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

18 SCHOOL LANE: Plot and Title Map

18 SCHOOL LANE sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 18 SCHOOL 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 18 SCHOOL 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 18 SCHOOL LANE?

18 SCHOOL LANE is located in BROOMFIELD, in the CM1 postcode district. The below map shows the position of No. 18 on SCHOOL LANE.