7, BUCHANAN WAY, LATCHINGDON, CHELMSFORD, CM3 6HL - £190,000

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.

7 BUCHANAN WAY is a very small semi-detached house of 63m², built sometime between 2003 and 2006, which could now be worth an estimated £275,575. It was last sold for £190,000 in June 2015, which was around 21% below the average June 2015 semi-detached price in the Maldon local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was B.

7 BUCHANAN WAY Sold Prices

Land registry data shows two sales for 7 BUCHANAN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Maldon local authority area for the corresponding sale date. Both of the two 7 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
2015 18 JUN	£190,000	£239,220	21% below HPI
2001 1 OCT	£78,000	£103,546	25% below HPI

7 BUCHANAN WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Maldon local authority area over time, sourced from the HPI. The two 7 BUCHANAN WAY sales from October 2001 and June 2015 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 October 2001 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2015 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 7 BUCHANAN WAY be worth now?

7 BUCHANAN WAY might now be worth an estimated £275,575.

This is based on house price inflation of 45%, between June 2015 and March 2025, for semi-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 45% inflationary increase is applied to the most recent sale price for 7 BUCHANAN WAY of £190,000 on 18th June 2015. For the value to have increased from £190,000 to £275,575 over the ten years and three months to March 2025, the following assumptions must hold true:

• The value of 7 BUCHANAN WAY has moved in line with the HPI for semi-detached houses in the Maldon local authority area.
• The June 2015 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BUCHANAN WAY has not materially changed since June 2015.

How Large is 7 BUCHANAN WAY?

7 BUCHANAN WAY is 63m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 10% of semi-detached houses houses in Latchingdon, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Latchingdon, and where 7 BUCHANAN WAY lies on this distribution: 3% of semi-detached houses houses are smaller than 7 BUCHANAN WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Latchingdon.

7 BUCHANAN WAY: Plot and Title Map

7 BUCHANAN WAY sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 7 BUCHANAN 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 7 BUCHANAN 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 7 BUCHANAN WAY?

7 BUCHANAN WAY is located in LATCHINGDON, in the CM3 postcode district. The below map shows the position of No. 7 on BUCHANAN WAY.