HARMONY, CROWN ROAD, COLD NORTON, CHELMSFORD, CM3 6JF - £385,000

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.

HARMONY is a very small detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £433,974. It was last sold for £385,000 in February 2020, which was around 22% below the average February 2020 detached price in the Maldon local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was A.

HARMONY Sold Prices

Land registry data shows two sales for HARMONY 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 HARMONY sales was for below the average price, whilst the other was 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
2020 19 FEB	£385,000	£490,503	22% below HPI
2001 7 DEC	£201,995	£182,463	11% above HPI

HARMONY 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 HARMONY sales from December 2001 and February 2020 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 December 2001 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the February 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might HARMONY be worth now?

HARMONY might now be worth an estimated £433,974.

This is based on house price inflation of 12.7%, between February 2020 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 12.7% inflationary increase is applied to the most recent sale price for HARMONY of £385,000 on 19th February 2020. For the value to have increased from £385,000 to £433,974 over the five years to February 2025, the following assumptions must hold true:

• The value of HARMONY has moved in line with the HPI for detached houses in the Maldon local authority area.
• The February 2020 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of HARMONY has not materially changed since February 2020.

How Large is HARMONY?

HARMONY is 91m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses houses in Cold Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cold Norton, and where HARMONY lies on this distribution: 5% of detached houses houses are smaller than HARMONY, and 95% of houses are larger. Note that EPC data is not available for all properties in Cold Norton.

HARMONY: Plot and Title Map

HARMONY sits on a plot of roughly 0.139 of an acre, or 561m². The below map shows the location of HARMONY, 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 HARMONY). 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 HARMONY?

HARMONY is located on CROWN ROAD in COLD NORTON, in the CM3 postcode district. The below map shows the position of HARMONY on CROWN ROAD.