RIVER VIEW, FRANKLIN ROAD, NORTH FAMBRIDGE, CHELMSFORD, CM3 6NF - £750,000

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

RIVER VIEW is a midsized detached house of 183m², built sometime between 2003 and 2006. It was last sold for £750,000 in February 2024, which was around 37% above the average February 2024 detached price in the Maldon local authority area. The most recent EPC inspection was July 2023, where the current energy rating was E, and the potential energy rating was D.

RIVER VIEW Sold Prices

Land registry data shows two sales for RIVER VIEW 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 RIVER VIEW 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 27 FEB	£750,000	£548,141	37% above HPI
2005 11 MAR	£461,000	£273,885	68% above HPI

RIVER VIEW 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 RIVER VIEW sales from March 2005 and February 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 March 2005 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the February 2024 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is RIVER VIEW?

RIVER VIEW is 183m² according to the EPC inspection conducted in July 2023. This puts it in the largest 50% 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 RIVER VIEW lies on this distribution: 60% of detached houses are smaller than RIVER VIEW, and 40% of houses are larger. Note that EPC data is not available for all properties in North Fambridge.

RIVER VIEW: Plot and Title Map

RIVER VIEW sits on a plot of roughly 0.189 of an acre, or 766m². The below map shows the location of RIVER VIEW, 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 RIVER VIEW). 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 RIVER VIEW?

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