1, MINSTER WAY, MALDON, CM9 6YT - £445,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MINSTER WAY is a small extended detached house of 99m², built sometime between 1996 and 2002. It was last sold for £445,000 in June 2021, which was around 10% below the average June 2021 detached price in the Maldon local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

1 MINSTER WAY Sold Prices

Land registry data shows three sales for 1 MINSTER WAY 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. All of the three 1 MINSTER 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 25 JUN	£445,000	£491,924	10% below HPI
2001 23 NOV	£156,450	£183,779	15% below HPI
1997 14 APR	£98,500	£100,677	2% below HPI

1 MINSTER 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 three 1 MINSTER WAY sales between April 1997 and June 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 November 2001 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 1 MINSTER WAY?

1 MINSTER WAY is 99m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 40% of detached houses in Maldon, based on EPC data. The below chart shows the distribution of detached houses by size in Maldon, and where 1 MINSTER WAY lies on this distribution: 34% of detached houses are smaller than 1 MINSTER WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Maldon.

1 MINSTER WAY: Plot and Title Map

1 MINSTER WAY sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 1 MINSTER 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 1 MINSTER 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 1 MINSTER WAY?

1 MINSTER WAY is located in MALDON, in the CM9 postcode district. The below map shows the position of No. 1 on MINSTER WAY.