12, TERN CLOSE, MAYLAND, CHELMSFORD, CM3 6TW - £379,950

12 TERN CLOSE is a large extended detached house of 120m², built sometime between 1996 and 2002. It was last sold for £379,950 in July 2017, which was around 17% below the average July 2017 detached price in the Maldon local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

12 TERN CLOSE Sold Prices

Land registry data shows four sales for 12 TERN CLOSE 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. Most of the four 12 TERN CLOSE 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
2017 21 JUL	£379,950	£460,219	17% below HPI
2006 4 AUG	£240,000	£294,264	18% below HPI
2000 30 JUN	£143,000	£145,795	2% below HPI
1999 30 APR	£121,000	£115,433	5% above HPI

12 TERN CLOSE 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 12 TERN CLOSE sales between April 1999 and July 2017 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 2006 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2017 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 12 TERN CLOSE?

12 TERN CLOSE is 120m², which includes two extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 40% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 12 TERN CLOSE lies on this distribution: 64% of detached houses are smaller than 12 TERN CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Mayland.

12 TERN CLOSE: Plot and Title Map

12 TERN CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 12 TERN CLOSE, 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 12 TERN CLOSE). 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 12 TERN CLOSE?

12 TERN CLOSE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 12 on TERN CLOSE.