THE RIDINGS, FRANKLIN ROAD, NORTH FAMBRIDGE, CHELMSFORD, CM3 6NF - £590,000

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 RIDINGS is a small extended detached house of 150m², built sometime between 1983 and 1990. It was last sold for £590,000 in November 2020, which was around 21% above the average November 2020 detached price in the Maldon local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

THE RIDINGS Sold Prices

Land registry data shows three sales for THE RIDINGS 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 THE RIDINGS 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
2020 13 NOV	£590,000	£485,874	21% above HPI
2015 14 MAY	£450,000	£384,550	17% above HPI
1996 17 JUN	£144,000	£91,905	57% above HPI

THE RIDINGS 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 THE RIDINGS sales between June 1996 and November 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 May 2015 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2020 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is THE RIDINGS?

THE RIDINGS is 150m², which includes two extensions, according to the EPC inspection conducted in January 2015. This puts it in the smallest 40% 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 RIDINGS lies on this distribution: 39% of detached houses are smaller than THE RIDINGS, and 61% of houses are larger. Note that EPC data is not available for all properties in North Fambridge.

THE RIDINGS: Plot and Title Map

THE RIDINGS sits on a plot of roughly 0.144 of an acre, or 583m². The below map shows the location of THE RIDINGS, 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 RIDINGS). 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 RIDINGS?

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