PANORAMA, FAMBRIDGE ROAD, ALTHORNE, CHELMSFORD, CM3 6DB - £1,395,000

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

PANORAMA is a very large extended detached house of 452m², built sometime from 2007 onwards. It was last sold for £1,395,000 in November 2016, which was around 214% above the average November 2016 detached price in the Maldon local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

PANORAMA Sold Prices

Land registry data shows two sales for PANORAMA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. Both of the two PANORAMA 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
2016 1 NOV	£1,395,000	£444,199	214% above HPI
2011 14 JAN	£370,000	£312,867	18% above HPI

PANORAMA 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 two PANORAMA sales from January 2011 and November 2016 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 January 2011 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the November 2016 sale, where it rises to 214% above the HPI. The line then continues to track at 214% above the HPI.

How Large is PANORAMA?

PANORAMA is 452m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 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 PANORAMA lies on this distribution: 99% of detached houses are smaller than PANORAMA, and 1% of houses are larger. Note that EPC data is not available for all properties in Althorne.

PANORAMA: Plot and Title Map

PANORAMA sits on a plot of roughly 0.503 of an acre, or 2,035m². The below map shows the location of PANORAMA, 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 PANORAMA). 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 PANORAMA?

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