31, MILL LANE, DANBURY, CHELMSFORD, CM3 4LB - £515,000

31 MILL LANE is a very small detached house of 85m², built sometime between 1900 and 1929. It was last sold for £515,000 in January 2021, which was around 14% below the average January 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2013, where the current energy rating was E, and the potential energy rating was C.

31 MILL LANE Sold Prices

Land registry data shows three sales for 31 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 31 MILL 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
2021 28 JAN	£515,000	£599,150	14% below HPI
2017 31 AUG	£415,000	£568,445	27% below HPI
2014 14 AUG	£342,500	£435,105	21% below HPI

31 MILL 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 three 31 MILL LANE sales between August 2014 and January 2021 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 August 2017 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 31 MILL LANE?

31 MILL LANE is 85m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 10% of detached houses in Danbury, based on EPC data. The below chart shows the distribution of detached houses by size in Danbury, and where 31 MILL LANE lies on this distribution: 5% of detached houses are smaller than 31 MILL LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Danbury.

31 MILL LANE: Plot and Title Map

31 MILL LANE sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of 31 MILL 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 31 MILL 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 31 MILL LANE?

31 MILL LANE is located in DANBURY, in the CM3 postcode district. The below map shows the position of No. 31 on MILL LANE.