CHESTNUT FARM HOUSE, CHESTNUT FARM DRIVE, ALTHORNE, CHELMSFORD, CM3 6DA - £1,260,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

CHESTNUT FARM HOUSE is a very large extended detached house of 314m², built sometime before 1900, which could now be worth an estimated £1,319,523. It was last sold for £1,260,000 in September 2021, which was around 139% above the average September 2021 detached price in the Maldon local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was C.

CHESTNUT FARM HOUSE Sold Prices

Land registry data shows two sales for CHESTNUT FARM HOUSE 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. Both of the two CHESTNUT FARM HOUSE 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
2021 30 SEP	£1,260,000	£527,956	139% above HPI
1998 29 MAY	£295,000	£116,615	153% above HPI

CHESTNUT FARM HOUSE 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 CHESTNUT FARM HOUSE sales from May 1998 and September 2021 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 1998 sale was for 153% above the HPI. So the extrapolation line tracks at 153% above the HPI over time, until the September 2021 sale, where it falls to 139% above the HPI. The line then continues to track at 139% above the HPI.

What might CHESTNUT FARM HOUSE be worth now?

CHESTNUT FARM HOUSE might now be worth an estimated £1,319,523.

This is based on house price inflation of 4.7%, between September 2021 and February 2025, 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 4.7% inflationary increase is applied to the most recent sale price for CHESTNUT FARM HOUSE of £1,260,000 on 30th September 2021. For the value to have increased from £1,260,000 to £1,319,523 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of CHESTNUT FARM HOUSE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The September 2021 sale price of £1,260,000 represented a fair market value for the property.
• The size, condition, and specification of CHESTNUT FARM HOUSE has not materially changed since September 2021.

How Large is CHESTNUT FARM HOUSE?

CHESTNUT FARM HOUSE is 314m², which includes two extensions, according to the EPC inspection conducted in June 2020. 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 CHESTNUT FARM HOUSE lies on this distribution: 98% of detached houses houses are smaller than CHESTNUT FARM HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Althorne.

CHESTNUT FARM HOUSE: Plot and Title Map

CHESTNUT FARM HOUSE sits on a plot of roughly 0.480 of an acre, or 1,941m². The below map shows the location of CHESTNUT FARM HOUSE, 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 CHESTNUT FARM HOUSE). 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 CHESTNUT FARM HOUSE?

CHESTNUT FARM HOUSE is located on CHESTNUT FARM DRIVE in ALTHORNE, in the CM3 postcode district. The below map shows the position of CHESTNUT FARM HOUSE on CHESTNUT FARM DRIVE.