BONHEUR, SUMMERHILL, ALTHORNE, CHELMSFORD, CM3 6BY - £625,000

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

BONHEUR is a large extended detached house of 165m², built sometime between 1950 and 1966. It was last sold for £625,000 in December 2018, which was around 30% above the average December 2018 detached price in the Maldon local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

BONHEUR Sold Prices

Land registry data shows two sales for BONHEUR 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. One of the two BONHEUR sales was for above the average price, whilst the other was 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
2018 14 DEC	£625,000	£481,301	30% above HPI
2015 22 MAY	£245,000	£384,550	36% below HPI

BONHEUR 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 BONHEUR sales from May 2015 and December 2018 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 May 2015 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the December 2018 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is BONHEUR?

BONHEUR is 165m², which includes two extensions, according to the EPC inspection conducted in November 2018. This puts it in the largest 30% of detached houses in Althorne, based on EPC data. The below chart shows the distribution of detached houses by size in Althorne, and where BONHEUR lies on this distribution: 76% of detached houses are smaller than BONHEUR, and 23% of houses are larger. Note that EPC data is not available for all properties in Althorne.

BONHEUR: Plot and Title Map

BONHEUR sits on a plot of roughly 0.153 of an acre, or 617m². The below map shows the location of BONHEUR, 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 BONHEUR). 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 BONHEUR?

BONHEUR is located on SUMMERHILL in ALTHORNE, in the CM3 postcode district. The below map shows the position of BONHEUR on SUMMERHILL.