15, GARDEN CLOSE, ALTHORNE, CHELMSFORD, CM3 6BP - £275,000

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 GARDEN CLOSE is a midsized extended semi-detached house of 99m², built sometime between 1976 and 1982, which could now be worth an estimated £315,811. It was last sold for £275,000 in February 2019, which was around 8% below the average February 2019 semi-detached price in the Maldon local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

15 GARDEN CLOSE Sold Prices

Land registry data shows three sales for 15 GARDEN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Maldon local authority area for the corresponding sale date. Two of the three 15 GARDEN CLOSE sales were for below the average price, whilst one was 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
2019 21 FEB	£275,000	£297,931	8% below HPI
1999 24 SEP	£72,500	£73,933	2% below HPI
1995 31 JAN	£57,500	£54,599	5% above HPI

15 GARDEN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Maldon local authority area over time, sourced from the HPI. The three 15 GARDEN CLOSE sales between January 1995 and February 2019 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 September 1999 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2019 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 15 GARDEN CLOSE be worth now?

15 GARDEN CLOSE might now be worth an estimated £315,811.

This is based on house price inflation of 14.8%, between February 2019 and February 2025, for semi-detached houses, in the Maldon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.8% inflationary increase is applied to the most recent sale price for 15 GARDEN CLOSE of £275,000 on 21st February 2019. For the value to have increased from £275,000 to £315,811 over the six years to February 2025, the following assumptions must hold true:

• The value of 15 GARDEN CLOSE has moved in line with the HPI for semi-detached houses in the Maldon local authority area.
• The February 2019 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 15 GARDEN CLOSE has not materially changed since February 2019.

How Large is 15 GARDEN CLOSE?

15 GARDEN CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the largest 50% of semi-detached houses houses in Althorne, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Althorne, and where 15 GARDEN CLOSE lies on this distribution: 50% of semi-detached houses houses are smaller than 15 GARDEN CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Althorne.

15 GARDEN CLOSE: Plot and Title Map

15 GARDEN CLOSE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 15 GARDEN CLOSE, 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 GARDEN CLOSE). 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 GARDEN CLOSE?

15 GARDEN CLOSE is located in ALTHORNE, in the CM3 postcode district. The below map shows the position of No. 15 on GARDEN CLOSE.