HILLCREST, FAMBRIDGE ROAD, ALTHORNE, CHELMSFORD, CM3 6DB - £1,350,000

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

HILLCREST is a very large extended detached house of 279m², built sometime between 1983 and 1990. It was last sold for £1,350,000 in August 2021, which was around 162% above the average August 2021 detached price in the Maldon local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was C.

HILLCREST Sold Prices

Land registry data shows three sales for HILLCREST since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. All of the three HILLCREST 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 26 AUG	£1,350,000	£514,804	162% above HPI
2014 18 JUL	£870,000	£341,672	155% above HPI
1996 29 NOV	£320,000	£98,177	226% above HPI

HILLCREST 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 three HILLCREST sales between November 1996 and August 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 July 2014 sale was for 155% above the HPI. So the extrapolation line tracks at 155% above the HPI over time, until the August 2021 sale, where it rises to 162% above the HPI. The line then continues to track at 162% above the HPI.

How Large is HILLCREST?

HILLCREST is 279m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 10% of detached houses in Althorne, based on EPC data. The below chart shows the distribution of detached houses by size in Althorne, and where HILLCREST lies on this distribution: 92% of detached houses are smaller than HILLCREST, and 8% of houses are larger. Note that EPC data is not available for all properties in Althorne.

HILLCREST: Plot and Title Map

HILLCREST sits on a plot of roughly 1.5 acres, or 6,123m². The below map shows the location of HILLCREST, 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 HILLCREST). 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 HILLCREST?

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