17, BUCHANAN WAY, LATCHINGDON, CHELMSFORD, CM3 6HL - £285,000

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.

17 BUCHANAN WAY is a very small terraced house of 53m², built sometime between 1983 and 1990, which could now be worth an estimated £299,300. It was last sold for £285,000 in May 2022, which was around 7% above the average May 2022 terraced price in the Maldon local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

17 BUCHANAN WAY Sold Prices

Land registry data shows two sales for 17 BUCHANAN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Maldon local authority area for the corresponding sale date. Both of the two 17 BUCHANAN WAY 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
2022 9 MAY	£285,000	£265,223	7% above HPI
1998 3 JUL	£61,500	£53,708	15% above HPI

17 BUCHANAN WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Maldon local authority area over time, sourced from the HPI. The two 17 BUCHANAN WAY sales from July 1998 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 July 1998 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2022 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 17 BUCHANAN WAY be worth now?

17 BUCHANAN WAY might now be worth an estimated £299,300.

This is based on house price inflation of 5%, between May 2022 and April 2026, for terraced 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 5% inflationary increase is applied to the most recent sale price for 17 BUCHANAN WAY of £285,000 on 9th May 2022. For the value to have increased from £285,000 to £299,300 over the four years and one month to April 2026, the following assumptions must hold true:

• The value of 17 BUCHANAN WAY has moved in line with the HPI for terraced houses in the Maldon local authority area.
• The May 2022 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 17 BUCHANAN WAY has not materially changed since May 2022.

How Large is 17 BUCHANAN WAY?

17 BUCHANAN WAY is 53m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of terraced houses houses in Latchingdon, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Latchingdon, and where 17 BUCHANAN WAY lies on this distribution: Less than 1% of terraced houses houses are smaller than 17 BUCHANAN WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Latchingdon.

17 BUCHANAN WAY: Plot and Title Map

17 BUCHANAN WAY sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 17 BUCHANAN WAY, 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 17 BUCHANAN WAY). 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 17 BUCHANAN WAY?

17 BUCHANAN WAY is located in LATCHINGDON, in the CM3 postcode district. The below map shows the position of No. 17 on BUCHANAN WAY.