100, THE DRIVE, MAYLAND, CHELMSFORD, CM3 6AB - £450,000

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

100 THE DRIVE is a small detached house of 99m², built sometime between 1950 and 1966. It was last sold for £450,000 in January 2019, which was around 8% below the average January 2019 detached price in the Maldon local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

100 THE DRIVE Sold Prices

Land registry data shows three sales for 100 THE DRIVE 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. Two of the three 100 THE DRIVE sales were for below the average price, whilst one was for above 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
2019 31 JAN	£450,000	£489,872	8% below HPI
2013 7 JUN	£280,000	£333,149	16% below HPI
1996 10 MAY	£112,000	£90,901	23% above HPI

100 THE DRIVE 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 100 THE DRIVE sales between May 1996 and January 2019 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 June 2013 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the January 2019 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 100 THE DRIVE?

100 THE DRIVE is 99m² according to the EPC inspection conducted in August 2011. 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 100 THE DRIVE lies on this distribution: 27% of detached houses are smaller than 100 THE DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Mayland.

100 THE DRIVE: Plot and Title Map

100 THE DRIVE sits on a plot of roughly 0.213 of an acre, or 860m². The below map shows the location of 100 THE DRIVE, 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 100 THE DRIVE). 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 100 THE DRIVE?

100 THE DRIVE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 100 on THE DRIVE.