LONACH, CHESTNUT FARM DRIVE, ALTHORNE, CHELMSFORD, CM3 6DA - £850,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

LONACH is a very large detached house of 198m², built sometime from 2007 onwards, which could now be worth an estimated £1,000,602. It was last sold for £850,000 in October 2018, which was around 77% above the average October 2018 detached price in the Maldon local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

LONACH Sold Prices

Land registry data shows five sales for LONACH since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. Most of the five LONACH 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
2018 25 OCT	£850,000	£480,894	77% above HPI
2017 2 FEB	£850,000	£451,605	88% above HPI
2009 24 JUL	£327,000	£282,263	16% above HPI
2002 14 JUN	£157,750	£206,036	23% below HPI
1997 29 OCT	£119,995	£112,053	7% above HPI

LONACH 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 five LONACH sales between October 1997 and October 2018 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 February 2017 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the October 2018 sale, where it falls to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might LONACH be worth now?

LONACH might now be worth an estimated £1,000,602.

This is based on house price inflation of 17.7%, between October 2018 and December 2024, 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 17.7% inflationary increase is applied to the most recent sale price for LONACH of £850,000 on 25th October 2018. For the value to have increased from £850,000 to £1,000,602 over the five years and ten months to December 2024, the following assumptions must hold true:

• The value of LONACH has moved in line with the HPI for detached houses in the Maldon local authority area.
• The October 2018 sale price of £850,000 represented a fair market value for the property.
• The size, condition, and specification of LONACH has not materially changed since October 2018.

How Large is LONACH?

LONACH is 198m² according to the EPC inspection conducted in July 2016. This puts it in the largest 20% of detached houses houses in Althorne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Althorne, and where LONACH lies on this distribution: 83% of detached houses houses are smaller than LONACH, and 17% of houses are larger. Note that EPC data is not available for all properties in Althorne.

LONACH: Plot and Title Map

LONACH sits on a plot of roughly 0.199 of an acre, or 807m². The below map shows the location of LONACH, 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 LONACH). 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 LONACH?

LONACH is located on CHESTNUT FARM DRIVE in ALTHORNE, in the CM3 postcode district. The below map shows the position of LONACH on CHESTNUT FARM DRIVE.