17, PROMENADE, MAYLAND, CHELMSFORD, CM3 6AR - £325,000

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.

17 PROMENADE is a very small detached house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £369,385. It was last sold for £325,000 in October 2020, which was around 33% below the average October 2020 detached price in the Maldon local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

17 PROMENADE Sold Prices

Land registry data shows five sales for 17 PROMENADE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. All of the five 17 PROMENADE 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
2020 27 OCT	£325,000	£486,462	33% below HPI
2012 25 MAY	£227,500	£311,848	27% below HPI
2006 30 NOV	£217,000	£303,067	28% below HPI
2005 4 FEB	£185,000	£289,608	36% below HPI
1999 23 MAR	£82,500	£116,701	29% below HPI

17 PROMENADE 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 five 17 PROMENADE sales between March 1999 and October 2020 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 May 2012 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2020 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 17 PROMENADE be worth now?

17 PROMENADE might now be worth an estimated £369,385.

This is based on house price inflation of 13.7%, between October 2020 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 13.7% inflationary increase is applied to the most recent sale price for 17 PROMENADE of £325,000 on 27th October 2020. For the value to have increased from £325,000 to £369,385 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 17 PROMENADE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The October 2020 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 17 PROMENADE has not materially changed since October 2020.

How Large is 17 PROMENADE?

17 PROMENADE is 87m² according to the EPC inspection conducted in January 2023. 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 17 PROMENADE lies on this distribution: 17% of detached houses houses are smaller than 17 PROMENADE, and 83% of houses are larger. Note that EPC data is not available for all properties in Maylandsea.

17 PROMENADE: Plot and Title Map

17 PROMENADE sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 17 PROMENADE, 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 17 PROMENADE). 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 17 PROMENADE?

17 PROMENADE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 17 on PROMENADE.