15, MEMORY CLOSE, MALDON, CM9 6XT - £283,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 MEMORY CLOSE is a very large detached house of 153m², built sometime between 1996 and 2002, which could now be worth an estimated £554,159. It was last sold for £283,500 in February 2005, which was around 2% below the average February 2005 detached price in the Maldon local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

15 MEMORY CLOSE Sold Prices

Land registry data shows three sales for 15 MEMORY 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. One of the three 15 MEMORY CLOSE sales was for below the average price, whilst two were 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
2005 4 FEB	£283,500	£289,608	2% below HPI
1999 17 DEC	£153,000	£134,459	14% above HPI
1997 26 SEP	£149,950	£109,847	37% above HPI

15 MEMORY 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 15 MEMORY CLOSE sales between September 1997 and February 2005 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 December 1999 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the February 2005 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 15 MEMORY CLOSE be worth now?

15 MEMORY CLOSE might now be worth an estimated £554,159.

This is based on house price inflation of 95.5%, between February 2005 and December 2024, 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 95.5% inflationary increase is applied to the most recent sale price for 15 MEMORY CLOSE of £283,500 on 4th February 2005. For the value to have increased from £283,500 to £554,159 over the eighteen years and two months to December 2024, the following assumptions must hold true:

• The value of 15 MEMORY CLOSE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The February 2005 sale price of £283,500 represented a fair market value for the property.
• The size, condition, and specification of 15 MEMORY CLOSE has not materially changed since February 2005.

How Large is 15 MEMORY CLOSE?

15 MEMORY CLOSE is 153m² according to the EPC inspection conducted in June 2015. This puts it in the largest 20% of detached houses houses in Maldon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Maldon, and where 15 MEMORY CLOSE lies on this distribution: 85% of detached houses houses are smaller than 15 MEMORY CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Maldon.

15 MEMORY CLOSE: Plot and Title Map

15 MEMORY CLOSE sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 15 MEMORY 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 15 MEMORY 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 15 MEMORY CLOSE?

15 MEMORY CLOSE is located in MALDON, in the CM9 postcode district. The below map shows the position of No. 15 on MEMORY CLOSE.