18, DRAKE AVENUE, MAYLAND, CHELMSFORD, CM3 6TY - £250,000

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

18 DRAKE AVENUE is a very small detached house of 85m², built sometime between 1983 and 1990. It was last sold for £250,000 in November 2014, which was around 29% below the average November 2014 detached price in the Maldon local authority area. The most recent EPC inspection was October 2010, where the current energy rating was E, and the potential energy rating was D.

18 DRAKE AVENUE Sold Prices

Land registry data shows two sales for 18 DRAKE AVENUE 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 18 DRAKE AVENUE 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
2014 7 NOV	£250,000	£352,034	29% below HPI
2010 15 OCT	£250,000	£314,722	21% below HPI

18 DRAKE AVENUE 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 18 DRAKE AVENUE sales from October 2010 and November 2014 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 2010 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2014 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 18 DRAKE AVENUE?

18 DRAKE AVENUE is 85m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 20% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 18 DRAKE AVENUE lies on this distribution: 11% of detached houses are smaller than 18 DRAKE AVENUE, and 89% of houses are larger. Note that EPC data is not available for all properties in Mayland.

18 DRAKE AVENUE: Plot and Title Map

18 DRAKE AVENUE sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of 18 DRAKE AVENUE, 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 18 DRAKE AVENUE). 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 18 DRAKE AVENUE?

18 DRAKE AVENUE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 18 on DRAKE AVENUE.