16, THE FAIRWAYS, COLD NORTON, CHELMSFORD, CM3 6JJ - £650,000

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.

16 THE FAIRWAYS is a large extended detached house of 171m², built sometime between 1976 and 1982, which could now be worth an estimated £739,064. It was last sold for £650,000 in May 2019, which was around 34% above the average May 2019 detached price in the Maldon local authority area. The most recent EPC inspection was January 2019, where the current energy rating was E, and the potential energy rating was D.

16 THE FAIRWAYS Sold Prices

Land registry data shows three sales for 16 THE FAIRWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. All of the three 16 THE FAIRWAYS 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
2019 31 MAY	£650,000	£486,268	34% above HPI
2008 16 JUL	£430,000	£330,454	30% above HPI
2006 7 JUL	£390,000	£293,436	33% above HPI

16 THE FAIRWAYS 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 three 16 THE FAIRWAYS sales between July 2006 and May 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 July 2008 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the May 2019 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 16 THE FAIRWAYS be worth now?

16 THE FAIRWAYS might now be worth an estimated £739,064.

This is based on house price inflation of 13.7%, between May 2019 and February 2025, for 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 13.7% inflationary increase is applied to the most recent sale price for 16 THE FAIRWAYS of £650,000 on 31st May 2019. For the value to have increased from £650,000 to £739,064 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 16 THE FAIRWAYS has moved in line with the HPI for detached houses in the Maldon local authority area.
• The May 2019 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of 16 THE FAIRWAYS has not materially changed since May 2019.

How Large is 16 THE FAIRWAYS?

16 THE FAIRWAYS is 171m², which includes two extensions, according to the EPC inspection conducted in January 2019. This puts it in the largest 30% of detached houses houses in Cold Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cold Norton, and where 16 THE FAIRWAYS lies on this distribution: 74% of detached houses houses are smaller than 16 THE FAIRWAYS, and 26% of houses are larger. Note that EPC data is not available for all properties in Cold Norton.

16 THE FAIRWAYS: Plot and Title Map

16 THE FAIRWAYS sits on a plot of roughly 0.272 of an acre, or 1,102m². The below map shows the location of 16 THE FAIRWAYS, 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 THE FAIRWAYS). 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 THE FAIRWAYS?

16 THE FAIRWAYS is located in COLD NORTON, in the CM3 postcode district. The below map shows the position of No. 16 on THE FAIRWAYS.