2, BUCHANAN WAY, LATCHINGDON, CHELMSFORD, CM3 6HL - £405,000

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.

2 BUCHANAN WAY is a small detached house of 95m², built sometime between 1983 and 1990, which could now be worth an estimated £417,934. It was last sold for £405,000 in April 2022, which was around 25% below the average April 2022 detached price in the Maldon local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

2 BUCHANAN WAY Sold Prices

Land registry data shows four sales for 2 BUCHANAN WAY 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. All of the four 2 BUCHANAN WAY 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 8 APR	£405,000	£539,477	25% below HPI
2002 20 DEC	£178,000	£240,170	26% below HPI
2000 8 NOV	£117,500	£160,997	27% below HPI
1997 14 JUL	£70,300	£103,212	32% below HPI

2 BUCHANAN WAY 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 2 BUCHANAN WAY sales between July 1997 and April 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 December 2002 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the April 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 BUCHANAN WAY be worth now?

2 BUCHANAN WAY might now be worth an estimated £417,934.

This is based on house price inflation of 3.2%, between April 2022 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 3.2% inflationary increase is applied to the most recent sale price for 2 BUCHANAN WAY of £405,000 on 8th April 2022. For the value to have increased from £405,000 to £417,934 over the three years and one month to March 2025, the following assumptions must hold true:

• The value of 2 BUCHANAN WAY has moved in line with the HPI for detached houses in the Maldon local authority area.
• The April 2022 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BUCHANAN WAY has not materially changed since April 2022.

How Large is 2 BUCHANAN WAY?

2 BUCHANAN WAY is 95m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% of detached houses houses in Latchingdon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Latchingdon, and where 2 BUCHANAN WAY lies on this distribution: 27% of detached houses houses are smaller than 2 BUCHANAN WAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Latchingdon.

2 BUCHANAN WAY: Plot and Title Map

2 BUCHANAN WAY sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 2 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 2 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 2 BUCHANAN WAY?

2 BUCHANAN WAY is located in LATCHINGDON, in the CM3 postcode district. The below map shows the position of No. 2 on BUCHANAN WAY.