16, TERN CLOSE, MAYLAND, CHELMSFORD, CM3 6TW - £525,000

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

16 TERN CLOSE is a very large detached house of 171m², built sometime between 1996 and 2002. It was last sold for £525,000 in August 2023, which was around 8% below the average August 2023 detached price in the Maldon local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

16 TERN CLOSE Sold Prices

Land registry data shows four sales for 16 TERN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. Most of the four 16 TERN CLOSE sales 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
2023 21 AUG	£525,000	£571,264	8% below HPI
2021 25 JUN	£495,500	£491,924	1% above HPI
2014 22 MAY	£350,000	£331,574	6% above HPI
1999 7 SEP	£157,150	£129,637	21% above HPI

16 TERN 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 four 16 TERN CLOSE sales between September 1999 and August 2023 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 2021 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2023 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 16 TERN CLOSE?

16 TERN CLOSE is 171m² according to the EPC inspection conducted in November 2022. This puts it in the largest 10% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 16 TERN CLOSE lies on this distribution: 93% of detached houses are smaller than 16 TERN CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Mayland.

16 TERN CLOSE: Plot and Title Map

16 TERN CLOSE sits on a plot of roughly 0.118 of an acre, or 477m². The below map shows the location of 16 TERN 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 16 TERN 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 16 TERN CLOSE?

16 TERN CLOSE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 16 on TERN CLOSE.