3, BUCHANAN WAY, LATCHINGDON, CHELMSFORD, CM3 6HL - £167,000

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.

3 BUCHANAN WAY is a midsized flat of 47m², built sometime between 1983 and 1990, which could now be worth an estimated £162,683. It was last sold for £167,000 in November 2021, which was around 5% below the average November 2021 flat price in the Maldon local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

3 BUCHANAN WAY Sold Prices

Land registry data shows four sales for 3 BUCHANAN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the Maldon local authority area for the corresponding sale date. All of the four 3 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
2021 18 NOV	£167,000	£175,374	5% below HPI
2020 17 JAN	£149,995	£163,919	8% below HPI
2017 12 OCT	£120,000	£167,214	28% below HPI
1996 31 MAY	£30,500	£36,093	15% below HPI

What might 3 BUCHANAN WAY be worth now?

3 BUCHANAN WAY might now be worth an estimated £162,683.

This is based on house price deflation of 2.6%, between November 2021 and May 2026, for flats, in the Maldon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.6% deflationary decrease is applied to the most recent sale price for 3 BUCHANAN WAY of £167,000 on 18th November 2021. For the value to have decreased from £167,000 to £162,683 over the five years and six months to May 2026, the following assumptions must hold true:

• The value of 3 BUCHANAN WAY has moved in line with the HPI for flats in the Maldon local authority area.
• The November 2021 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BUCHANAN WAY has not materially changed since November 2021.

How Large is 3 BUCHANAN WAY?

3 BUCHANAN WAY is 47m² according to the EPC inspection conducted in June 2017. This puts it in the largest 10% of flats in Latchingdon, based on EPC data. 58% of flats are smaller than 3 BUCHANAN WAY, and 8% of flats are larger. Note that EPC data is not available for all properties in Latchingdon.

3 BUCHANAN WAY: Plot

3 BUCHANAN WAY sits on a plot of roughly 0.036 of an acre, or 147m².

Where is 3 BUCHANAN WAY?

3 BUCHANAN WAY is located in LATCHINGDON, in the CM3 postcode district.