HOMESTEAD, LATCHINGDON ROAD, COLD NORTON, CHELMSFORD, CM3 6HR - £725,000

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

HOMESTEAD is a large extended detached house of 165m², built sometime between 1950 and 1966. It was last sold for £725,000 in October 2009, which was around 153% above the average October 2009 detached price in the Maldon local authority area. The most recent EPC inspection was July 2009, where the current energy rating was E, and the potential energy rating was E.

HOMESTEAD Sold Prices

Land registry data shows three sales for HOMESTEAD 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 HOMESTEAD 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
2009 23 OCT	£725,000	£286,618	153% above HPI
2006 11 DEC	£680,000	£299,947	127% above HPI
1999 8 OCT	£232,000	£131,847	76% above HPI

HOMESTEAD 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 HOMESTEAD sales between October 1999 and October 2009 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 2006 sale was for 127% above the HPI. So the extrapolation line tracks at 127% above the HPI over time, until the October 2009 sale, where it rises to 153% above the HPI. The line then continues to track at 153% above the HPI.

How Large is HOMESTEAD?

HOMESTEAD is 165m², which includes two extensions, according to the EPC inspection conducted in July 2009. This puts it in the largest 40% of detached houses in Cold Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Cold Norton, and where HOMESTEAD lies on this distribution: 70% of detached houses are smaller than HOMESTEAD, and 30% of houses are larger. Note that EPC data is not available for all properties in Cold Norton.

HOMESTEAD: Plot and Title Map

HOMESTEAD sits on a plot of roughly 1.7 acres, or 6,888m². The below map shows the location of HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

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