TERRACHELL, 1B, AUSTRAL WAY, ALTHORNE, CHELMSFORD, CM3 6UP - £243,000

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

TERRACHELL is a small detached house of 81m², built sometime between 1983 and 1990. It was last sold for £243,000 in November 2006, which was around 19% below the average November 2006 detached price in the Maldon local authority area. The most recent EPC inspection was June 2011, where the current energy rating was E, and the potential energy rating was D.

TERRACHELL Sold Prices

Land registry data shows two sales for TERRACHELL 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 TERRACHELL 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
2006 17 NOV	£243,000	£299,293	19% below HPI
2001 29 JUN	£129,995	£171,496	24% below HPI

TERRACHELL 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 TERRACHELL sales from June 2001 and November 2006 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 2001 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2006 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is TERRACHELL?

TERRACHELL is 81m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 30% of detached houses in Althorne, based on EPC data. The below chart shows the distribution of detached houses by size in Althorne, and where TERRACHELL lies on this distribution: 27% of detached houses are smaller than TERRACHELL, and 73% of houses are larger. Note that EPC data is not available for all properties in Althorne.

TERRACHELL: Plot and Title Map

TERRACHELL sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of TERRACHELL, 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 TERRACHELL). 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 TERRACHELL?

TERRACHELL is located on AUSTRAL WAY in ALTHORNE, in the CM3 postcode district. The below map shows the position of TERRACHELL on AUSTRAL WAY.