8, HERON WAY, MAYLAND, CHELMSFORD, CM3 6TP - £370,000

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.

8 HERON WAY is a very small detached house of 86m², built sometime between 1967 and 1975, which could now be worth an estimated £431,831. It was last sold for £370,000 in March 2021, which was around 25% below the average March 2021 detached price in the Maldon local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was C.

8 HERON WAY Sold Prices

Land registry data shows two sales for 8 HERON WAY 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 8 HERON 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 31 MAR	£370,000	£495,830	25% below HPI
2018 15 AUG	£325,000	£489,275	34% below HPI

8 HERON 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 two 8 HERON WAY sales from August 2018 and March 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 2018 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2021 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 8 HERON WAY be worth now?

8 HERON WAY might now be worth an estimated £431,831.

This is based on house price inflation of 16.7%, between March 2021 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 16.7% inflationary increase is applied to the most recent sale price for 8 HERON WAY of £370,000 on 31st March 2021. For the value to have increased from £370,000 to £431,831 over the three years and nine months to June 2025, the following assumptions must hold true:

• The value of 8 HERON WAY has moved in line with the HPI for detached houses in the Maldon local authority area.
• The March 2021 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HERON WAY has not materially changed since March 2021.

How Large is 8 HERON WAY?

8 HERON WAY is 86m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 20% 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 8 HERON WAY lies on this distribution: 11% of detached houses houses are smaller than 8 HERON WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Mayland.

8 HERON WAY: Plot and Title Map

8 HERON WAY sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 8 HERON 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 8 HERON 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 8 HERON WAY?

8 HERON WAY is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 8 on HERON WAY.