5, FERRIS AVENUE, COLD NORTON, CHELMSFORD, CM3 6HZ - £250,000

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

5 FERRIS AVENUE is a small detached house of 136m², built sometime between 1950 and 1966. It was last sold for £250,000 in October 2011, which was around 21% below the average October 2011 detached price in the Maldon local authority area. The most recent EPC inspection was December 2021, where the current energy rating was E, and the potential energy rating was D.

5 FERRIS AVENUE Sold Prices

Land registry data shows four sales for 5 FERRIS AVENUE 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. All of the four 5 FERRIS AVENUE 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
2011 24 OCT	£250,000	£317,059	21% below HPI
2008 5 SEP	£277,500	£313,883	12% below HPI
2004 3 SEP	£240,000	£278,706	14% below HPI
1996 2 FEB	£76,000	£90,767	16% below HPI

5 FERRIS AVENUE 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 5 FERRIS AVENUE sales between February 1996 and October 2011 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 2008 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2011 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 5 FERRIS AVENUE?

5 FERRIS AVENUE is 136m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 40% 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 5 FERRIS AVENUE lies on this distribution: 36% of detached houses are smaller than 5 FERRIS AVENUE, and 64% of houses are larger. Note that EPC data is not available for all properties in Cold Norton.

5 FERRIS AVENUE: Plot and Title Map

5 FERRIS AVENUE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 5 FERRIS AVENUE, 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 5 FERRIS AVENUE). 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 5 FERRIS AVENUE?

5 FERRIS AVENUE is located in COLD NORTON, in the CM3 postcode district. The below map shows the position of No. 5 on FERRIS AVENUE.