114, THE DRIVE, MAYLAND, CHELMSFORD, CM3 6AB - £275,000

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.

114 THE DRIVE is a midsized detached house of 111m², built sometime from 2007 onwards, which could now be worth an estimated £501,209. It was last sold for £275,000 in March 2010, which was around 9% below the average March 2010 detached price in the Maldon local authority area. The most recent EPC inspection was August 2009, where the current energy rating was C, and the potential energy rating was C.

114 THE DRIVE Sold Prices

Land registry data shows two sales for 114 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 114 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
2010 4 MAR	£275,000	£303,360	9% below HPI
2008 4 JUL	£259,950	£330,454	21% below HPI

114 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 114 THE DRIVE sales from July 2008 and March 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 2008 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2010 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 114 THE DRIVE be worth now?

114 THE DRIVE might now be worth an estimated £501,209.

This is based on house price inflation of 82.3%, between March 2010 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 82.3% inflationary increase is applied to the most recent sale price for 114 THE DRIVE of £275,000 on 4th March 2010. For the value to have increased from £275,000 to £501,209 over the fifteen years and one month to February 2025, the following assumptions must hold true:

• The value of 114 THE DRIVE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The March 2010 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 114 THE DRIVE has not materially changed since March 2010.

How Large is 114 THE DRIVE?

114 THE DRIVE is 111m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 50% 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 114 THE DRIVE lies on this distribution: 47% of detached houses houses are smaller than 114 THE DRIVE, and 53% of houses are larger. Note that EPC data is not available for all properties in Mayland.

114 THE DRIVE: Plot and Title Map

114 THE DRIVE sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 114 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 114 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 114 THE DRIVE?

114 THE DRIVE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 114 on THE DRIVE.