6, ESPLANADE, MAYLAND, CHELMSFORD, CM3 6AL - £227,500

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.

6 ESPLANADE is a large detached house of 153m², built sometime between 1991 and 1995, which could now be worth an estimated £417,916. It was last sold for £227,500 in June 2007, which was around 28% below the average June 2007 detached price in the Maldon local authority area. The most recent EPC inspection was April 2010, where the current energy rating was C, and the potential energy rating was C.

6 ESPLANADE Sold Prices

Land registry data shows three sales for 6 ESPLANADE 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. Two of the three 6 ESPLANADE sales were for below the average price, whilst one was 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
2007 22 JUN	£227,500	£315,019	28% below HPI
2004 17 SEP	£250,000	£282,221	11% below HPI
1998 7 OCT	£135,000	£115,772	17% above HPI

6 ESPLANADE 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 6 ESPLANADE sales between October 1998 and June 2007 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 2004 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2007 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 6 ESPLANADE be worth now?

6 ESPLANADE might now be worth an estimated £417,916.

This is based on house price inflation of 83.7%, between June 2007 and June 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 83.7% inflationary increase is applied to the most recent sale price for 6 ESPLANADE of £227,500 on 22nd June 2007. For the value to have increased from £227,500 to £417,916 over the eighteen years to June 2025, the following assumptions must hold true:

• The value of 6 ESPLANADE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The June 2007 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 6 ESPLANADE has not materially changed since June 2007.

How Large is 6 ESPLANADE?

6 ESPLANADE is 153m² according to the EPC inspection conducted in April 2010. This puts it in the largest 40% of detached houses houses in Maylandsea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Maylandsea, and where 6 ESPLANADE lies on this distribution: 62% of detached houses houses are smaller than 6 ESPLANADE, and 38% of houses are larger. Note that EPC data is not available for all properties in Maylandsea.

6 ESPLANADE: Plot and Title Map

6 ESPLANADE sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 6 ESPLANADE, 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 6 ESPLANADE). 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 6 ESPLANADE?

6 ESPLANADE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 6 on ESPLANADE.