3, AUSTRAL WAY, ALTHORNE, CHELMSFORD, CM3 6UP - £328,000

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

3 AUSTRAL WAY is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £328,000 in July 2024, which was around 39% below the average July 2024 detached price in the Maldon local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was A.

3 AUSTRAL WAY Sold Prices

Land registry data shows two sales for 3 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 3 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
2024 4 JUL	£328,000	£533,847	39% below HPI
2020 6 NOV	£315,000	£485,874	35% below HPI

3 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 3 AUSTRAL WAY sales from November 2020 and July 2024 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 November 2020 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2024 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 3 AUSTRAL WAY?

3 AUSTRAL WAY is 68m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% of detached houses in Althorne, based on EPC data. The below chart shows the distribution of detached houses by size in Althorne, and where 3 AUSTRAL WAY lies on this distribution: 8% of detached houses are smaller than 3 AUSTRAL WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Althorne.

3 AUSTRAL WAY: Plot and Title Map

3 AUSTRAL WAY sits on a plot of roughly 0.121 of an acre, or 489m². The below map shows the location of 3 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 3 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 3 AUSTRAL WAY?

3 AUSTRAL WAY is located in ALTHORNE, in the CM3 postcode district. The below map shows the position of No. 3 on AUSTRAL WAY.