LILAC COTTAGE, FAMBRIDGE ROAD, ALTHORNE, CHELMSFORD, CM3 6BZ - £289,300

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

LILAC COTTAGE is a very small extended detached house of 42m², built sometime between 1950 and 1966. It was last sold for £289,300 in May 2015, which was around 25% below the average May 2015 detached price in the Maldon local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

LILAC COTTAGE Sold Prices

Land registry data shows three sales for LILAC COTTAGE 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 LILAC COTTAGE sales were for below 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 15 MAY	£289,300	£384,550	25% below HPI
2011 9 DEC	£247,000	£313,070	21% below HPI
2003 21 JAN	£205,000	£245,946	17% below HPI

LILAC COTTAGE 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 LILAC COTTAGE sales between January 2003 and May 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 December 2011 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2015 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is LILAC COTTAGE?

LILAC COTTAGE is 42m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the smallest 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 LILAC COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than LILAC COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Althorne.

LILAC COTTAGE: Plot and Title Map

LILAC COTTAGE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of LILAC COTTAGE, 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 LILAC COTTAGE). 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 LILAC COTTAGE?

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