2, PUMP LANE, DANBURY, CHELMSFORD, CM3 4JP - £285,000

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.

2 PUMP LANE is a very small terraced house of 61m², built sometime between 1900 and 1929, which could now be worth an estimated £360,738. It was last sold for £285,000 in March 2017, which was around 6% above the average March 2017 terraced price in the Chelmsford local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

2 PUMP LANE Sold Prices

Land registry data shows two sales for 2 PUMP 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 2 PUMP 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
2017 1 MAR	£285,000	£267,897	6% above HPI
2012 27 JUL	£211,000	£189,078	12% above HPI

2 PUMP 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 2 PUMP LANE sales from July 2012 and March 2017 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 2012 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the March 2017 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 2 PUMP LANE be worth now?

2 PUMP LANE might now be worth an estimated £360,738.

This is based on house price inflation of 26.6%, between March 2017 and July 2026, 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 26.6% inflationary increase is applied to the most recent sale price for 2 PUMP LANE of £285,000 on 1st March 2017. For the value to have increased from £285,000 to £360,738 over the eight years and eight months to July 2026, the following assumptions must hold true:

• The value of 2 PUMP LANE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The March 2017 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PUMP LANE has not materially changed since March 2017.

How Large is 2 PUMP LANE?

2 PUMP LANE is 61m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 10% of terraced houses houses in Danbury, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Danbury, and where 2 PUMP LANE lies on this distribution: Less than 1% of terraced houses houses are smaller than 2 PUMP LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Danbury.

2 PUMP LANE: Plot and Title Map

2 PUMP LANE sits on a plot of roughly 0.036 of an acre, or 144m². The below map shows the location of 2 PUMP 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 2 PUMP 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 2 PUMP LANE?

2 PUMP LANE is located in DANBURY, in the CM3 postcode district. The below map shows the position of No. 2 on PUMP LANE.