3, RIVER VIEW TERRACE, ALTHORNE, CHELMSFORD, CM3 6UT - £590,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 RIVER VIEW TERRACE is a very large detached house of 287m², which could now be worth an estimated £836,544. It was last sold for £590,000 in October 2015, which was around 48% above the average October 2015 detached price in the Maldon local authority area. The most recent EPC inspection was August 2012, where the current energy rating was B, and the potential energy rating was B.

3 RIVER VIEW TERRACE Sold Prices

Land registry data shows three sales for 3 RIVER VIEW TERRACE 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. One of the three 3 RIVER VIEW TERRACE sales was for above the average price, whilst two 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
2015 1 OCT	£590,000	£399,259	48% above HPI
2011 23 FEB	£160,000	£324,485	51% below HPI
1999 20 SEP	£113,500	£131,271	14% below HPI

3 RIVER VIEW TERRACE 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 3 RIVER VIEW TERRACE sales between September 1999 and October 2015 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 February 2011 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the October 2015 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might 3 RIVER VIEW TERRACE be worth now?

3 RIVER VIEW TERRACE might now be worth an estimated £836,544.

This is based on house price inflation of 41.8%, between October 2015 and December 2024, 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 41.8% inflationary increase is applied to the most recent sale price for 3 RIVER VIEW TERRACE of £590,000 on 1st October 2015. For the value to have increased from £590,000 to £836,544 over the eight years and ten months to December 2024, the following assumptions must hold true:

• The value of 3 RIVER VIEW TERRACE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The October 2015 sale price of £590,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RIVER VIEW TERRACE has not materially changed since October 2015.

How Large is 3 RIVER VIEW TERRACE?

3 RIVER VIEW TERRACE is 287m² according to the EPC inspection conducted in August 2012. This puts it in the largest 10% of detached houses houses in Althorne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Althorne, and where 3 RIVER VIEW TERRACE lies on this distribution: 94% of detached houses houses are smaller than 3 RIVER VIEW TERRACE, and 6% of houses are larger. Note that EPC data is not available for all properties in Althorne.

3 RIVER VIEW TERRACE: Plot and Title Map

3 RIVER VIEW TERRACE sits on a plot of roughly 0.168 of an acre, or 681m². The below map shows the location of 3 RIVER VIEW TERRACE, 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 RIVER VIEW TERRACE). 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 RIVER VIEW TERRACE?

3 RIVER VIEW TERRACE is located in ALTHORNE, in the CM3 postcode district. The below map shows the position of No. 3 on RIVER VIEW TERRACE.