PUMP MEAD, THE AVENUE, NORTH FAMBRIDGE, CHELMSFORD, CM3 6LZ - £585,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

PUMP MEAD is a very small extended detached house of 115m², built sometime between 1967 and 1975, which could now be worth an estimated £652,909. It was last sold for £585,000 in July 2019, which was around 18% above the average July 2019 detached price in the Maldon local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was A.

PUMP MEAD Sold Prices

Land registry data shows two sales for PUMP MEAD 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 PUMP MEAD 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
2019 19 JUL	£585,000	£495,390	18% above HPI
2015 18 DEC	£436,000	£398,423	9% above HPI

PUMP MEAD 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 PUMP MEAD sales from December 2015 and July 2019 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 December 2015 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the July 2019 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might PUMP MEAD be worth now?

PUMP MEAD might now be worth an estimated £652,909.

This is based on house price inflation of 11.6%, between July 2019 and February 2025, 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 11.6% inflationary increase is applied to the most recent sale price for PUMP MEAD of £585,000 on 19th July 2019. For the value to have increased from £585,000 to £652,909 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of PUMP MEAD has moved in line with the HPI for detached houses in the Maldon local authority area.
• The July 2019 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of PUMP MEAD has not materially changed since July 2019.

How Large is PUMP MEAD?

PUMP MEAD is 115m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 20% of detached houses houses in North Fambridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Fambridge, and where PUMP MEAD lies on this distribution: 18% of detached houses houses are smaller than PUMP MEAD, and 82% of houses are larger. Note that EPC data is not available for all properties in North Fambridge.

PUMP MEAD: Plot and Title Map

PUMP MEAD sits on a plot of roughly 0.527 of an acre, or 2,132m². The below map shows the location of PUMP MEAD, 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 PUMP MEAD). 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 PUMP MEAD?

PUMP MEAD is located on THE AVENUE in NORTH FAMBRIDGE, in the CM3 postcode district. The below map shows the position of PUMP MEAD on THE AVENUE.