16, AUSTRAL WAY, ALTHORNE, CHELMSFORD, CM3 6UP - £249,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 AUSTRAL WAY is a small detached house of 86m², built sometime between 1976 and 1982. It was last sold for £249,000 in June 2014, which was around 25% below the average June 2014 detached price in the Maldon local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

16 AUSTRAL WAY Sold Prices

Land registry data shows two sales for 16 AUSTRAL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. Both of the two 16 AUSTRAL WAY 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
2014 9 JUN	£249,000	£333,326	25% below HPI
1997 20 JUN	£68,000	£100,596	32% below HPI

16 AUSTRAL WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Maldon local authority area over time, sourced from the HPI. The two 16 AUSTRAL WAY sales from June 1997 and June 2014 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 June 1997 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2014 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 16 AUSTRAL WAY?

16 AUSTRAL WAY is 86m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 40% of detached houses in Althorne, based on EPC data. The below chart shows the distribution of detached houses by size in Althorne, and where 16 AUSTRAL WAY lies on this distribution: 35% of detached houses are smaller than 16 AUSTRAL WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Althorne.

16 AUSTRAL WAY: Plot and Title Map

16 AUSTRAL WAY sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 16 AUSTRAL WAY, 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 16 AUSTRAL WAY). 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 16 AUSTRAL WAY?

16 AUSTRAL WAY is located in ALTHORNE, in the CM3 postcode district. The below map shows the position of No. 16 on AUSTRAL WAY.