THE PINES, FRANKLIN ROAD, NORTH FAMBRIDGE, CHELMSFORD, CM3 6NF - £585,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE PINES is a large detached house of 221m², built sometime between 2003 and 2006. It was last sold for £585,000 in May 2018, which was around 23% above the average May 2018 detached price in the Maldon local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was D.

THE PINES Sold Prices

Land registry data shows four sales for THE PINES 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 PINES 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
2018 1 MAY	£585,000	£476,924	23% above HPI
2007 21 JUN	£510,000	£311,096	64% above HPI
2005 29 JUN	£469,995	£283,419	66% above HPI
2003 22 APR	£322,500	£239,128	35% above HPI

THE PINES 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 PINES sales between April 2003 and May 2018 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 2007 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the May 2018 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is THE PINES?

THE PINES is 221m² according to the EPC inspection conducted in September 2015. This puts it in the largest 30% of detached houses in North Fambridge, based on EPC data. The below chart shows the distribution of detached houses by size in North Fambridge, and where THE PINES lies on this distribution: 79% of detached houses are smaller than THE PINES, and 21% of houses are larger. Note that EPC data is not available for all properties in North Fambridge.

THE PINES: Plot and Title Map

THE PINES sits on a plot of roughly 0.186 of an acre, or 753m². The below map shows the location of THE PINES, 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 PINES). 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 PINES?

THE PINES is located on FRANKLIN ROAD in NORTH FAMBRIDGE, in the CM3 postcode district. The below map shows the position of THE PINES on FRANKLIN ROAD.