2, SPINNAKER DRIVE, HEYBRIDGE BASIN, MALDON, CM9 4UG - £575,000

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 SPINNAKER DRIVE is a small detached house of 110m², built sometime between 1996 and 2002, which could now be worth an estimated £588,716. It was last sold for £575,000 in June 2022, which was around 6% above the average June 2022 detached price in the Maldon local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

2 SPINNAKER DRIVE Sold Prices

Land registry data shows two sales for 2 SPINNAKER DRIVE 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 2 SPINNAKER DRIVE 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 20 JUN	£575,000	£543,736	6% above HPI
1996 20 SEP	£100,000	£96,936	3% above HPI

2 SPINNAKER DRIVE 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 2 SPINNAKER DRIVE sales from September 1996 and June 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 September 1996 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the June 2022 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 2 SPINNAKER DRIVE be worth now?

2 SPINNAKER DRIVE might now be worth an estimated £588,716.

This is based on house price inflation of 2.4%, between June 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 2.4% inflationary increase is applied to the most recent sale price for 2 SPINNAKER DRIVE of £575,000 on 20th June 2022. For the value to have increased from £575,000 to £588,716 over the three years and three months to March 2025, the following assumptions must hold true:

• The value of 2 SPINNAKER DRIVE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The June 2022 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPINNAKER DRIVE has not materially changed since June 2022.

How Large is 2 SPINNAKER DRIVE?

2 SPINNAKER DRIVE is 110m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% of detached houses houses in Heybridge Basin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heybridge Basin, and where 2 SPINNAKER DRIVE lies on this distribution: 32% of detached houses houses are smaller than 2 SPINNAKER DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Heybridge Basin.

2 SPINNAKER DRIVE: Plot and Title Map

2 SPINNAKER DRIVE sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 2 SPINNAKER DRIVE, 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 SPINNAKER DRIVE). 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 SPINNAKER DRIVE?

2 SPINNAKER DRIVE is located in HEYBRIDGE BASIN, in the CM9 postcode district. The below map shows the position of No. 2 on SPINNAKER DRIVE.