9, THE FAIRWAYS, COLD NORTON, CHELMSFORD, CM3 6JJ - £490,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

9 THE FAIRWAYS is a large detached house of 162m², built sometime between 1976 and 1982, which could now be worth an estimated £557,641. It was last sold for £490,000 in March 2018, which was about the average March 2018 detached price in the Maldon local authority area. The most recent EPC inspection was May 2017, where the current energy rating was F, and the potential energy rating was D.

9 THE FAIRWAYS Sold Prices

Land registry data shows four sales for 9 THE FAIRWAYS 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. The four 9 THE FAIRWAYS sales were a mix of roughly equal to the average price, above the average price, and 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
2018 9 MAR	£490,000	£489,178	Close to HPI
2009 22 MAY	£285,000	£293,856	3% below HPI
2006 6 DEC	£327,000	£303,730	8% above HPI
1999 14 OCT	£150,000	£133,510	12% above HPI

9 THE FAIRWAYS 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 9 THE FAIRWAYS sales between October 1999 and March 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 May 2009 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2018 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 9 THE FAIRWAYS be worth now?

9 THE FAIRWAYS might now be worth an estimated £557,641.

This is based on house price inflation of 13.8%, between March 2018 and March 2025, for detached houses, in the Maldon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.8% inflationary increase is applied to the most recent sale price for 9 THE FAIRWAYS of £490,000 on 9th March 2018. For the value to have increased from £490,000 to £557,641 over the seven years to March 2025, the following assumptions must hold true:

• The value of 9 THE FAIRWAYS has moved in line with the HPI for detached houses in the Maldon local authority area.
• The March 2018 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 9 THE FAIRWAYS has not materially changed since March 2018.

How Large is 9 THE FAIRWAYS?

9 THE FAIRWAYS is 162m² according to the EPC inspection conducted in May 2017. This puts it in the largest 40% of detached houses houses in Cold Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cold Norton, and where 9 THE FAIRWAYS lies on this distribution: 66% of detached houses houses are smaller than 9 THE FAIRWAYS, and 34% of houses are larger. Note that EPC data is not available for all properties in Cold Norton.

9 THE FAIRWAYS: Plot and Title Map

9 THE FAIRWAYS sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 9 THE FAIRWAYS, 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 9 THE FAIRWAYS). 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 9 THE FAIRWAYS?

9 THE FAIRWAYS is located in COLD NORTON, in the CM3 postcode district. The below map shows the position of No. 9 on THE FAIRWAYS.