STANLEY BANK, SUMMERHILL, ALTHORNE, CHELMSFORD, CM3 6BY - £850,000

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

STANLEY BANK is a very large semi-detached house of 302m², built sometime between 2007 and 2011. It was last sold for £850,000 in July 2022, which was around 55% above the average July 2022 detached price in the Maldon local authority area. The most recent EPC inspection was March 2022, where the current energy rating was B, and the potential energy rating was B.

STANLEY BANK Sold Prices

Land registry data shows three sales for STANLEY BANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. All of the three STANLEY BANK 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 15 JUL	£850,000	£548,227	55% above HPI
2015 12 JUN	£615,000	£391,217	57% above HPI
2007 14 MAY	£430,000	£306,001	41% above HPI

STANLEY BANK 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 three STANLEY BANK sales between May 2007 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 June 2015 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the July 2022 sale, where it falls to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is STANLEY BANK?

STANLEY BANK is 302m² according to the EPC inspection conducted in March 2022. 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 STANLEY BANK lies on this distribution: 95% of detached houses are smaller than STANLEY BANK, and 5% of houses are larger. Note that EPC data is not available for all properties in Althorne.

STANLEY BANK: Plot and Title Map

STANLEY BANK sits on a plot of roughly 0.518 of an acre, or 2,098m². The below map shows the location of STANLEY BANK, 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 STANLEY BANK). 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 STANLEY BANK?

STANLEY BANK is located on SUMMERHILL in ALTHORNE, in the CM3 postcode district. The below map shows the position of STANLEY BANK on SUMMERHILL.