10, TERN CLOSE, MAYLAND, CHELMSFORD, CM3 6TW - £220,000

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

10 TERN CLOSE is a small extended detached house of 100m², built sometime between 1976 and 1982. It was last sold for £220,000 in June 2010, which was around 28% below the average June 2010 detached price in the Maldon local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

10 TERN CLOSE Sold Prices

Land registry data shows three sales for 10 TERN CLOSE 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 10 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
2010 30 JUN	£220,000	£303,998	28% below HPI
2002 31 JUL	£162,950	£208,382	22% below HPI
1999 19 MAR	£93,995	£115,247	18% below HPI

10 TERN CLOSE 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 10 TERN CLOSE sales between March 1999 and June 2010 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 July 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2010 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 10 TERN CLOSE?

10 TERN CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the smallest 30% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 10 TERN CLOSE lies on this distribution: 28% of detached houses are smaller than 10 TERN CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Mayland.

10 TERN CLOSE: Plot and Title Map

10 TERN CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 10 TERN CLOSE, 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 10 TERN CLOSE). 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 10 TERN CLOSE?

10 TERN CLOSE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 10 on TERN CLOSE.