RUSSETTS, MAYES LANE, DANBURY, CHELMSFORD, CM3 4NJ - £1,320,000

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

RUSSETTS is a very large extended detached house of 225m², built sometime between 1900 and 1929. It was last sold for £1,320,000 in July 2022, which was around 94% above the average July 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

RUSSETTS Sold Prices

Land registry data shows two sales for RUSSETTS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two RUSSETTS 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
2022 14 JUL	£1,320,000	£680,795	94% above HPI
2004 14 DEC	£687,500	£324,566	112% above HPI

RUSSETTS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two RUSSETTS sales from December 2004 and July 2022 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 2004 sale was for 112% above the HPI. So the extrapolation line tracks at 112% above the HPI over time, until the July 2022 sale, where it falls to 94% above the HPI. The line then continues to track at 94% above the HPI.

How Large is RUSSETTS?

RUSSETTS is 225m², which includes three extensions, according to the EPC inspection conducted in January 2020. This puts it in the largest 20% of detached houses in Danbury, based on EPC data. The below chart shows the distribution of detached houses by size in Danbury, and where RUSSETTS lies on this distribution: 86% of detached houses are smaller than RUSSETTS, and 14% of houses are larger. Note that EPC data is not available for all properties in Danbury.

RUSSETTS: Plot and Title Map

RUSSETTS sits on a plot of roughly 0.320 of an acre, or 1,296m². The below map shows the location of RUSSETTS, 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 RUSSETTS). 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 RUSSETTS?

RUSSETTS is located on MAYES LANE in DANBURY, in the CM3 postcode district. The below map shows the position of RUSSETTS on MAYES LANE.