3, MERMAID WAY, MALDON, CM9 5LA - £595,000

3 MERMAID WAY is a very large extended detached house of 175m², built sometime between 1996 and 2002. It was last sold for £595,000 in November 2020, which was around 22% above the average November 2020 detached price in the Maldon local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

3 MERMAID WAY Sold Prices

Land registry data shows three sales for 3 MERMAID WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. All of the three 3 MERMAID 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
2020 26 NOV	£595,000	£485,874	22% above HPI
2014 11 JUL	£457,500	£341,672	34% above HPI
1998 28 AUG	£204,995	£118,305	73% above HPI

3 MERMAID 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 three 3 MERMAID WAY sales between August 1998 and November 2020 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 2014 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the November 2020 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 3 MERMAID WAY?

3 MERMAID WAY is 175m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 10% of detached houses in Maldon, based on EPC data. The below chart shows the distribution of detached houses by size in Maldon, and where 3 MERMAID WAY lies on this distribution: 93% of detached houses are smaller than 3 MERMAID WAY, and 7% of houses are larger. Note that EPC data is not available for all properties in Maldon.

3 MERMAID WAY: Plot and Title Map

3 MERMAID WAY sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 3 MERMAID 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 3 MERMAID 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 3 MERMAID WAY?

3 MERMAID WAY is located in MALDON, in the CM9 postcode district. The below map shows the position of No. 3 on MERMAID WAY.