40, THE FAIRWAYS, COLD NORTON, CHELMSFORD, CM3 6JJ - £567,500

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

40 THE FAIRWAYS is a small extended detached house of 131m², built sometime between 1976 and 1982. It was last sold for £567,500 in August 2023, which was around 1% below the average August 2023 detached price in the Maldon local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was D.

40 THE FAIRWAYS Sold Prices

Land registry data shows four sales for 40 THE FAIRWAYS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. Most of the four 40 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
2023 4 AUG	£567,500	£571,264	1% below HPI
2020 21 SEP	£495,000	£476,761	4% above HPI
2009 31 JUL	£342,500	£278,748	23% above HPI
1999 6 SEP	£153,000	£129,637	18% above HPI

40 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 four 40 THE FAIRWAYS sales between September 1999 and August 2023 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 2020 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the August 2023 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 40 THE FAIRWAYS?

40 THE FAIRWAYS is 131m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 30% of detached houses in Cold Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Cold Norton, and where 40 THE FAIRWAYS lies on this distribution: 27% of detached houses are smaller than 40 THE FAIRWAYS, and 73% of houses are larger. Note that EPC data is not available for all properties in Cold Norton.

40 THE FAIRWAYS: Plot and Title Map

40 THE FAIRWAYS sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 40 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 40 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 40 THE FAIRWAYS?

40 THE FAIRWAYS is located in COLD NORTON, in the CM3 postcode district. The below map shows the position of No. 40 on THE FAIRWAYS.