WEETWOOD, SUMMERHILL, ALTHORNE, CHELMSFORD, CM3 6BY - £495,000

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

WEETWOOD is a small detached house of 85m², built sometime between 1950 and 1966. It was last sold for £495,000 in March 2022, which was around 8% below the average March 2022 detached price in the Maldon local authority area. The most recent EPC inspection was July 2013, where the current energy rating was E, and the potential energy rating was C.

WEETWOOD Sold Prices

Land registry data shows three sales for WEETWOOD 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 WEETWOOD 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 11 MAR	£495,000	£537,569	8% below HPI
2014 28 NOV	£350,000	£352,034	1% below HPI
2014 8 JAN	£249,995	£338,218	26% below HPI

WEETWOOD 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 WEETWOOD sales between January 2014 and March 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 November 2014 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2022 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is WEETWOOD?

WEETWOOD is 85m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 40% of detached houses in Althorne, based on EPC data. The below chart shows the distribution of detached houses by size in Althorne, and where WEETWOOD lies on this distribution: 33% of detached houses are smaller than WEETWOOD, and 66% of houses are larger. Note that EPC data is not available for all properties in Althorne.

WEETWOOD: Plot and Title Map

WEETWOOD sits on a plot of roughly 0.309 of an acre, or 1,250m². The below map shows the location of WEETWOOD, 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 WEETWOOD). 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 WEETWOOD?

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