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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

RUSSETTS is a very large extended detached house of 225m², built sometime between 1900 and 1929, which could now be worth an estimated £1,281,053. It was last sold for £1,320,000 in July 2022, which was around 92% 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	£688,054	92% above HPI
2004 14 DEC	£687,500	£328,026	110% 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 110% above the HPI. So the extrapolation line tracks at 110% above the HPI over time, until the July 2022 sale, where it falls to 92% above the HPI. The line then continues to track at 92% above the HPI.

What might RUSSETTS be worth now?

RUSSETTS might now be worth an estimated £1,281,053.

This is based on house price deflation of 3%, between July 2022 and December 2024, for detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3% deflationary decrease is applied to the most recent sale price for RUSSETTS of £1,320,000 on 14th July 2022. For the value to have decreased from £1,320,000 to £1,281,053 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of RUSSETTS has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 2022 sale price of £1,320,000 represented a fair market value for the property.
• The size, condition, and specification of RUSSETTS has not materially changed since July 2022.

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 houses in Danbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Danbury, and where RUSSETTS lies on this distribution: 86% of detached houses 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.