14, MARINE PARADE, MAYLAND, CHELMSFORD, CM3 6AP - £415,000

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.

14 MARINE PARADE is a very small detached house of 81m², built sometime between 1967 and 1975, which could now be worth an estimated £462,635. It was last sold for £415,000 in February 2019, which was around 16% below the average February 2019 detached price in the Maldon local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

14 MARINE PARADE Sold Prices

Land registry data shows two sales for 14 MARINE PARADE 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 14 MARINE PARADE 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
2019 4 FEB	£415,000	£495,968	16% below HPI
2013 4 OCT	£250,000	£331,225	25% below HPI

14 MARINE PARADE 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 14 MARINE PARADE sales from October 2013 and February 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 October 2013 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2019 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 14 MARINE PARADE be worth now?

14 MARINE PARADE might now be worth an estimated £462,635.

This is based on house price inflation of 11.5%, between February 2019 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 11.5% inflationary increase is applied to the most recent sale price for 14 MARINE PARADE of £415,000 on 4th February 2019. For the value to have increased from £415,000 to £462,635 over the six years to February 2025, the following assumptions must hold true:

• The value of 14 MARINE PARADE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The February 2019 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 14 MARINE PARADE has not materially changed since February 2019.

How Large is 14 MARINE PARADE?

14 MARINE PARADE is 81m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 20% of detached houses houses in Maylandsea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Maylandsea, and where 14 MARINE PARADE lies on this distribution: 10% of detached houses houses are smaller than 14 MARINE PARADE, and 90% of houses are larger. Note that EPC data is not available for all properties in Maylandsea.

14 MARINE PARADE: Plot and Title Map

14 MARINE PARADE sits on a plot of roughly 0.156 of an acre, or 630m². The below map shows the location of 14 MARINE PARADE, 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 14 MARINE PARADE). 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 14 MARINE PARADE?

14 MARINE PARADE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 14 on MARINE PARADE.