CHESTNUTS, FAMBRIDGE ROAD, ALTHORNE, CHELMSFORD, CM3 6DB - £880,000

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

CHESTNUTS is a large detached house of 151m², built sometime between 1967 and 1975. It was last sold for £880,000 in November 2022, which was around 55% above the average November 2022 detached price in the Maldon local authority area. The most recent EPC inspection was July 2022, where the current energy rating was E, and the potential energy rating was C.

CHESTNUTS Sold Prices

Land registry data shows two sales for CHESTNUTS 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 CHESTNUTS 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
2022 25 NOV	£880,000	£567,195	55% above HPI
1996 26 JUN	£175,000	£91,905	90% above HPI

CHESTNUTS 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 CHESTNUTS sales from June 1996 and November 2022 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 June 1996 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the November 2022 sale, where it falls to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is CHESTNUTS?

CHESTNUTS is 151m² according to the EPC inspection conducted in July 2022. 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 CHESTNUTS lies on this distribution: 72% of detached houses are smaller than CHESTNUTS, and 28% of houses are larger. Note that EPC data is not available for all properties in Althorne.

CHESTNUTS: Plot and Title Map

CHESTNUTS sits on a plot of roughly 0.332 of an acre, or 1,343m². The below map shows the location of CHESTNUTS, 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 CHESTNUTS). 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 CHESTNUTS?

CHESTNUTS is located on FAMBRIDGE ROAD in ALTHORNE, in the CM3 postcode district. The below map shows the position of CHESTNUTS on FAMBRIDGE ROAD.