LYNWOOD, SUMMERHILL, ALTHORNE, CHELMSFORD, CM3 6BY - £530,000

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

LYNWOOD is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £530,000 in December 2023, which was around 4% below the average December 2023 detached price in the Maldon local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

LYNWOOD Sold Prices

Land registry data shows four sales for LYNWOOD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. All of the four LYNWOOD 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
2023 6 DEC	£530,000	£551,683	4% below HPI
2010 17 SEP	£305,000	£322,232	5% below HPI
2003 15 AUG	£247,000	£257,689	4% below HPI
1997 26 SEP	£90,000	£108,479	17% below HPI

LYNWOOD 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 four LYNWOOD sales between September 1997 and December 2023 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 September 2010 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2023 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is LYNWOOD?

LYNWOOD is 76m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 20% of detached houses in Althorne, based on EPC data. The below chart shows the distribution of detached houses by size in Althorne, and where LYNWOOD lies on this distribution: 19% of detached houses are smaller than LYNWOOD, and 80% of houses are larger. Note that EPC data is not available for all properties in Althorne.

LYNWOOD: Plot and Title Map

LYNWOOD sits on a plot of roughly 0.271 of an acre, or 1,096m². The below map shows the location of LYNWOOD, 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 LYNWOOD). 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 LYNWOOD?

LYNWOOD is located on SUMMERHILL in ALTHORNE, in the CM3 postcode district. The below map shows the position of LYNWOOD on SUMMERHILL.