THE BUFFS, VICTORIA ROAD, COLD NORTON, CHELMSFORD, CM3 6JD - £285,000

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

THE BUFFS is a very large detached house of 212m², built in 2021. It was last sold for £285,000 in September 2020, which was around 40% below the average September 2020 detached price in the Maldon local authority area. The most recent EPC inspection was March 2023, where the current energy rating was B, and the potential energy rating was B.

THE BUFFS Sold Prices

Land registry data shows four sales for THE BUFFS 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 THE BUFFS 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
2020 4 SEP	£285,000	£476,761	40% below HPI
2008 18 APR	£300,000	£322,302	7% below HPI
2003 12 DEC	£165,000	£263,176	37% below HPI
1997 11 JUL	£58,000	£101,926	43% below HPI

THE BUFFS 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 THE BUFFS sales between July 1997 and September 2020 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 April 2008 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2020 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is THE BUFFS?

THE BUFFS is 212m² according to the EPC inspection conducted in March 2023. This puts it in the largest 20% of detached houses in Cold Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Cold Norton, and where THE BUFFS lies on this distribution: 89% of detached houses are smaller than THE BUFFS, and 11% of houses are larger. Note that EPC data is not available for all properties in Cold Norton.

THE BUFFS: Plot and Title Map

THE BUFFS sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of THE BUFFS, 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 THE BUFFS). 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 THE BUFFS?

THE BUFFS is located on VICTORIA ROAD in COLD NORTON, in the CM3 postcode district. The below map shows the position of THE BUFFS on VICTORIA ROAD.