GRASMERE, FRANKLIN ROAD, NORTH FAMBRIDGE, CHELMSFORD, CM3 6NF - £390,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

GRASMERE is a small extended detached house of 119m², built sometime between 1930 and 1949. It was last sold for £390,000 in September 2015, which was around 1% below the average September 2015 detached price in the Maldon local authority area. The most recent EPC inspection was June 2015, where the current energy rating was F, and the potential energy rating was E.

GRASMERE Sold Prices

Land registry data shows two sales for GRASMERE 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 GRASMERE sales was for below the average price, whilst the other was roughly equal to 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
2015 29 SEP	£390,000	£393,867	1% below HPI
2004 16 JUL	£277,000	£277,531	Close to HPI

GRASMERE 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 GRASMERE sales from July 2004 and September 2015 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 July 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2015 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is GRASMERE?

GRASMERE is 119m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the smallest 30% of detached houses in North Fambridge, based on EPC data. The below chart shows the distribution of detached houses by size in North Fambridge, and where GRASMERE lies on this distribution: 20% of detached houses are smaller than GRASMERE, and 80% of houses are larger. Note that EPC data is not available for all properties in North Fambridge.

GRASMERE: Plot and Title Map

GRASMERE sits on a plot of roughly 0.186 of an acre, or 754m². The below map shows the location of GRASMERE, 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 GRASMERE). 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 GRASMERE?

GRASMERE is located on FRANKLIN ROAD in NORTH FAMBRIDGE, in the CM3 postcode district. The below map shows the position of GRASMERE on FRANKLIN ROAD.