1, MERCURY PLACE, HEYBRIDGE, MALDON, CM9 4PN - £322,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 MERCURY PLACE is a very small detached house of 81m², built sometime between 1996 and 2002, which could now be worth an estimated £404,262. It was last sold for £322,500 in February 2017, which was around 29% below the average February 2017 detached price in the Maldon local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

1 MERCURY PLACE Sold Prices

Land registry data shows two sales for 1 MERCURY PLACE 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 1 MERCURY PLACE 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
2017 9 FEB	£322,500	£451,605	29% below HPI
2001 20 APR	£114,950	£166,702	31% below HPI

1 MERCURY PLACE 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 1 MERCURY PLACE sales from April 2001 and February 2017 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 April 2001 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2017 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 1 MERCURY PLACE be worth now?

1 MERCURY PLACE might now be worth an estimated £404,262.

This is based on house price inflation of 25.4%, between February 2017 and December 2024, 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 25.4% inflationary increase is applied to the most recent sale price for 1 MERCURY PLACE of £322,500 on 9th February 2017. For the value to have increased from £322,500 to £404,262 over the six years and two months to December 2024, the following assumptions must hold true:

• The value of 1 MERCURY PLACE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The February 2017 sale price of £322,500 represented a fair market value for the property.
• The size, condition, and specification of 1 MERCURY PLACE has not materially changed since February 2017.

How Large is 1 MERCURY PLACE?

1 MERCURY PLACE is 81m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 20% of detached houses houses in Maldon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Maldon, and where 1 MERCURY PLACE lies on this distribution: 11% of detached houses houses are smaller than 1 MERCURY PLACE, and 87% of houses are larger. Note that EPC data is not available for all properties in Maldon.

1 MERCURY PLACE: Plot and Title Map

1 MERCURY PLACE sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of 1 MERCURY PLACE, 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 1 MERCURY PLACE). 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 1 MERCURY PLACE?

1 MERCURY PLACE is located in HEYBRIDGE, in the CM9 postcode district. The below map shows the position of No. 1 on MERCURY PLACE.