AUSTRAL FARM, BURNHAM ROAD, ALTHORNE, CHELMSFORD, CM3 6DP - £855,000

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

AUSTRAL FARM is a very large extended detached house of 223m², built sometime before 1900. It was last sold for £855,000 in August 2023, which was around 50% above the average August 2023 detached price in the Maldon local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

AUSTRAL FARM Sold Prices

Land registry data shows three sales for AUSTRAL FARM 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 AUSTRAL FARM 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 1 AUG	£855,000	£571,264	50% above HPI
2014 17 OCT	£615,000	£359,304	71% above HPI
2005 17 NOV	£440,000	£286,737	53% above HPI

AUSTRAL FARM 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 AUSTRAL FARM sales between November 2005 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 October 2014 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the August 2023 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is AUSTRAL FARM?

AUSTRAL FARM is 223m², which includes two extensions, according to the EPC inspection conducted in November 2013. This puts it in the largest 20% of detached houses in Althorne, based on EPC data. The below chart shows the distribution of detached houses by size in Althorne, and where AUSTRAL FARM lies on this distribution: 87% of detached houses are smaller than AUSTRAL FARM, and 13% of houses are larger. Note that EPC data is not available for all properties in Althorne.

AUSTRAL FARM: Plot and Title Map

AUSTRAL FARM sits on a plot of roughly 0.462 of an acre, or 1,870m². The below map shows the location of AUSTRAL FARM, 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 AUSTRAL FARM). 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 AUSTRAL FARM?

AUSTRAL FARM is located on BURNHAM ROAD in ALTHORNE, in the CM3 postcode district. The below map shows the position of AUSTRAL FARM on BURNHAM ROAD.