44, TERN CLOSE, MAYLAND, CHELMSFORD, CM3 6TW - £449,995

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.

44 TERN CLOSE is a midsized detached house of 118m², built sometime between 1991 and 1995, which could now be worth an estimated £488,575. It was last sold for £449,995 in September 2021, which was around 15% below the average September 2021 detached price in the Maldon local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

44 TERN CLOSE Sold Prices

Land registry data shows two sales for 44 TERN CLOSE 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 44 TERN CLOSE 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 15 SEP	£449,995	£527,956	15% below HPI
2000 4 AUG	£134,000	£158,322	15% below HPI

44 TERN CLOSE 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 44 TERN CLOSE sales from August 2000 and September 2021 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 August 2000 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2021 sale, which was also at 15% below the HPI.

What might 44 TERN CLOSE be worth now?

44 TERN CLOSE might now be worth an estimated £488,575.

This is based on house price inflation of 8.6%, between September 2021 and April 2026, 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 8.6% inflationary increase is applied to the most recent sale price for 44 TERN CLOSE of £449,995 on 15th September 2021. For the value to have increased from £449,995 to £488,575 over the five years and five months to April 2026, the following assumptions must hold true:

• The value of 44 TERN CLOSE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The September 2021 sale price of £449,995 represented a fair market value for the property.
• The size, condition, and specification of 44 TERN CLOSE has not materially changed since September 2021.

How Large is 44 TERN CLOSE?

44 TERN CLOSE is 118m² according to the EPC inspection conducted in July 2016. This puts it in the largest 40% of detached houses houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mayland, and where 44 TERN CLOSE lies on this distribution: 60% of detached houses houses are smaller than 44 TERN CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Mayland.

44 TERN CLOSE: Plot and Title Map

44 TERN CLOSE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 44 TERN CLOSE, 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 44 TERN CLOSE). 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 44 TERN CLOSE?

44 TERN CLOSE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 44 on TERN CLOSE.