18, PROMENADE, MAYLAND, CHELMSFORD, CM3 6AR - £265,000

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.

18 PROMENADE is a large detached house of 171m², built sometime between 1983 and 1990, which could now be worth an estimated £632,684. It was last sold for £265,000 in October 2002, which was around 14% above the average October 2002 detached price in the Maldon local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

18 PROMENADE Sold Prices

Land registry data shows two sales for 18 PROMENADE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. Both of the two 18 PROMENADE 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
2002 17 OCT	£265,000	£231,581	14% above HPI
1997 31 JAN	£105,000	£96,808	8% above HPI

18 PROMENADE 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 two 18 PROMENADE sales from January 1997 and October 2002 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 January 1997 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2002 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 18 PROMENADE be worth now?

18 PROMENADE might now be worth an estimated £632,684.

This is based on house price inflation of 138.7%, between October 2002 and February 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 138.7% inflationary increase is applied to the most recent sale price for 18 PROMENADE of £265,000 on 17th October 2002. For the value to have increased from £265,000 to £632,684 over the 23 years and eight months to February 2025, the following assumptions must hold true:

• The value of 18 PROMENADE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The October 2002 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 18 PROMENADE has not materially changed since October 2002.

How Large is 18 PROMENADE?

18 PROMENADE is 171m² according to the EPC inspection conducted in April 2012. This puts it in the largest 30% of detached houses houses in Maylandsea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Maylandsea, and where 18 PROMENADE lies on this distribution: 75% of detached houses houses are smaller than 18 PROMENADE, and 25% of houses are larger. Note that EPC data is not available for all properties in Maylandsea.

18 PROMENADE: Plot and Title Map

18 PROMENADE sits on a plot of roughly 0.274 of an acre, or 1,108m². The below map shows the location of 18 PROMENADE, 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 18 PROMENADE). 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 18 PROMENADE?

18 PROMENADE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 18 on PROMENADE.