MELCOT, FAMBRIDGE ROAD, NORTH FAMBRIDGE, CHELMSFORD, CM3 6NB - £1,100,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MELCOT is a very large extended detached house of 285m², built sometime between 1900 and 1929. It was last sold for £1,100,000 in March 2024, which was around 106% above the average March 2024 detached price in the Maldon local authority area. The most recent EPC inspection was August 2023, where the current energy rating was E, and the potential energy rating was C.

MELCOT Sold Prices

Land registry data shows four sales for MELCOT 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 MELCOT 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
2024 4 MAR	£1,100,000	£534,000	106% above HPI
2002 31 JUL	£369,000	£208,382	77% above HPI
1999 16 JUL	£225,000	£121,760	85% above HPI
1995 22 DEC	£132,000	£92,857	42% above HPI

MELCOT 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 MELCOT sales between December 1995 and March 2024 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 2002 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the March 2024 sale, where it rises to 106% above the HPI. The line then continues to track at 106% above the HPI.

How Large is MELCOT?

MELCOT is 285m², which includes four extensions, according to the EPC inspection conducted in August 2023. This puts it in the largest 10% of detached houses in North Fambridge, based on EPC data. The below chart shows the distribution of detached houses by size in North Fambridge, and where MELCOT lies on this distribution: 92% of detached houses are smaller than MELCOT, and 8% of houses are larger. Note that EPC data is not available for all properties in North Fambridge.

MELCOT: Plot and Title Map

MELCOT sits on a plot of roughly 0.234 of an acre, or 946m². The below map shows the location of MELCOT, 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 MELCOT). 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 MELCOT?

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