5, TERN CLOSE, MAYLAND, CHELMSFORD, CM3 6TW - £250,000

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.

5 TERN CLOSE is a detached house, which could now be worth an estimated £450,061. It was last sold for £250,000 in March 2012, which was around 20% below the average March 2012 detached price in the Maldon local authority area.

5 TERN CLOSE Sold Prices

Land registry data shows two sales for 5 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 5 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
2012 6 MAR	£250,000	£313,956	20% below HPI
2000 2 AUG	£155,000	£158,322	2% below HPI

What might 5 TERN CLOSE be worth now?

5 TERN CLOSE might now be worth an estimated £450,061.

This is based on house price inflation of 80%, between March 2012 and May 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 80% inflationary increase is applied to the most recent sale price for 5 TERN CLOSE of £250,000 on 6th March 2012. For the value to have increased from £250,000 to £450,061 over the thirteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 5 TERN CLOSE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The March 2012 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 5 TERN CLOSE has not materially changed since March 2012.

Where is 5 TERN CLOSE?

5 TERN CLOSE is located in MAYLAND, in the CM3 postcode district.