112, THE DRIVE, MAYLAND, CHELMSFORD, CM3 6AB - £240,000

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.

112 THE DRIVE is a very small detached house of 0m², which could now be worth an estimated £457,859. It was last sold for £240,000 in June 2009, which was around 17% below the average June 2009 detached price in the Maldon local authority area. The most recent EPC inspection was October 2007, where the current energy rating was C, and the potential energy rating was C.

112 THE DRIVE Sold Prices

Land registry data shows two sales for 112 THE DRIVE 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 112 THE DRIVE 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
2009 12 JUN	£240,000	£289,817	17% below HPI
2006 23 JAN	£212,000	£276,356	23% below HPI

112 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 two 112 THE DRIVE sales from January 2006 and June 2009 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 January 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2009 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 112 THE DRIVE be worth now?

112 THE DRIVE might now be worth an estimated £457,859.

This is based on house price inflation of 90.8%, between June 2009 and February 2025, 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 90.8% inflationary increase is applied to the most recent sale price for 112 THE DRIVE of £240,000 on 12th June 2009. For the value to have increased from £240,000 to £457,859 over the sixteen years and four months to February 2025, the following assumptions must hold true:

• The value of 112 THE DRIVE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The June 2009 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 112 THE DRIVE has not materially changed since June 2009.

How Large is 112 THE DRIVE?

112 THE DRIVE is 0m² according to the EPC inspection conducted in October 2007. This puts it in the smallest 10% of detached houses houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mayland, and where 112 THE DRIVE lies on this distribution: Less than 1% of detached houses houses are smaller than 112 THE DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Mayland.

112 THE DRIVE: Plot and Title Map

112 THE DRIVE sits on a plot of roughly 0.125 of an acre, or 504m². The below map shows the location of 112 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 112 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 112 THE DRIVE?

112 THE DRIVE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 112 on THE DRIVE.