RIDGESIDE, FAMBRIDGE ROAD, ALTHORNE, CHELMSFORD, CM3 6DB - £835,000

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

RIDGESIDE is a very large extended detached house of 261m², built sometime between 1996 and 2002. It was last sold for £835,000 in January 2021, which was around 68% above the average January 2021 detached price in the Maldon local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was B.

RIDGESIDE Sold Prices

Land registry data shows two sales for RIDGESIDE 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 RIDGESIDE 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
2021 8 JAN	£835,000	£496,644	68% above HPI
2004 8 NOV	£630,000	£282,763	123% above HPI

RIDGESIDE 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 RIDGESIDE sales from November 2004 and January 2021 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 November 2004 sale was for 123% above the HPI. So the extrapolation line tracks at 123% above the HPI over time, until the January 2021 sale, where it falls to 68% above the HPI. The line then continues to track at 68% above the HPI.

How Large is RIDGESIDE?

RIDGESIDE is 261m², which includes three extensions, according to the EPC inspection conducted in August 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 RIDGESIDE lies on this distribution: 90% of detached houses are smaller than RIDGESIDE, and 10% of houses are larger. Note that EPC data is not available for all properties in Althorne.

RIDGESIDE: Plot and Title Map

RIDGESIDE sits on a plot of roughly 0.203 of an acre, or 821m². The below map shows the location of RIDGESIDE, 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 RIDGESIDE). 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 RIDGESIDE?

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