PAPILLON, BRIDGEMARSH LANE, ALTHORNE, CHELMSFORD, CM3 6DQ - £1,010,000

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

PAPILLON is a very large detached house of 284m², built sometime between 1996 and 2002. It was last sold for £1,010,000 in January 2020, which was around 109% above the average January 2020 detached price in the Maldon local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was D.

PAPILLON Sold Prices

Land registry data shows three sales for PAPILLON 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. Two of the three PAPILLON sales were for above the average price, whilst one was 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
2020 23 JAN	£1,010,000	£483,765	109% above HPI
2009 13 JUL	£695,000	£278,748	149% above HPI
1999 2 DEC	£105,000	£132,785	21% below HPI

PAPILLON 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 PAPILLON sales between December 1999 and January 2020 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 2009 sale was for 149% above the HPI. So the extrapolation line tracks at 149% above the HPI over time, until the January 2020 sale, where it falls to 109% above the HPI. The line then continues to track at 109% above the HPI.

How Large is PAPILLON?

PAPILLON is 284m² according to the EPC inspection conducted in May 2019. 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 PAPILLON lies on this distribution: 93% of detached houses are smaller than PAPILLON, and 7% of houses are larger. Note that EPC data is not available for all properties in Althorne.

PAPILLON: Plot and Title Map

PAPILLON sits on a plot of roughly 1.0 acres, or 4,070m². The below map shows the location of PAPILLON, 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 PAPILLON). 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 PAPILLON?

PAPILLON is located on BRIDGEMARSH LANE in ALTHORNE, in the CM3 postcode district. The below map shows the position of PAPILLON on BRIDGEMARSH LANE.