TORR VIEW, SUMMERHILL, ALTHORNE, CHELMSFORD, CM3 6BY - £440,000

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

TORR VIEW is a small extended detached house of 79m², built sometime between 1976 and 1982. It was last sold for £440,000 in May 2022, which was around 19% below the average May 2022 detached price in the Maldon local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

TORR VIEW Sold Prices

Land registry data shows three sales for TORR VIEW 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 TORR VIEW 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
2022 30 MAY	£440,000	£546,068	19% below HPI
2011 1 AUG	£248,500	£323,072	23% below HPI
2000 25 MAY	£99,950	£141,727	29% below HPI

TORR VIEW 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 TORR VIEW sales between May 2000 and May 2022 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 August 2011 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is TORR VIEW?

TORR VIEW is 79m², which includes one extension, according to the EPC inspection conducted in February 2022. 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 TORR VIEW lies on this distribution: 24% of detached houses are smaller than TORR VIEW, and 75% of houses are larger. Note that EPC data is not available for all properties in Althorne.

TORR VIEW: Plot and Title Map

TORR VIEW sits on a plot of roughly 0.163 of an acre, or 660m². The below map shows the location of TORR VIEW, 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 TORR VIEW). 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 TORR VIEW?

TORR VIEW is located on SUMMERHILL in ALTHORNE, in the CM3 postcode district. The below map shows the position of TORR VIEW on SUMMERHILL.