SUNRISE, STEEPLE ROAD, LATCHINGDON, CHELMSFORD, CM3 6JX - £360,000

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

SUNRISE is a very small extended detached house of 74m², built sometime between 1950 and 1966. It was last sold for £360,000 in May 2024, which was around 33% below the average May 2024 detached price in the Maldon local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

SUNRISE Sold Prices

Land registry data shows four sales for SUNRISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. All of the four SUNRISE sales were for below 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 31 MAY	£360,000	£539,550	33% below HPI
2024 8 FEB	£350,000	£546,352	36% below HPI
2018 17 AUG	£313,000	£483,182	35% below HPI
1997 21 OCT	£74,000	£110,658	33% below HPI

SUNRISE 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 four SUNRISE sales between October 1997 and May 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 February 2024 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2024 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is SUNRISE?

SUNRISE is 74m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the smallest 10% of detached houses in Latchingdon, based on EPC data. The below chart shows the distribution of detached houses by size in Latchingdon, and where SUNRISE lies on this distribution: 8% of detached houses are smaller than SUNRISE, and 92% of houses are larger. Note that EPC data is not available for all properties in Latchingdon.

SUNRISE: Plot and Title Map

SUNRISE sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of SUNRISE, 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 SUNRISE). 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 SUNRISE?

SUNRISE is located on STEEPLE ROAD in LATCHINGDON, in the CM3 postcode district. The below map shows the position of SUNRISE on STEEPLE ROAD.