2, BUCHANAN WAY, LATCHINGDON, CHELMSFORD, CM3 6HL - £405,000

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

2 BUCHANAN WAY is a small detached house of 95m², built sometime between 1983 and 1990. It was last sold for £405,000 in April 2022, which was around 24% below the average April 2022 detached price in the Maldon local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

2 BUCHANAN WAY Sold Prices

Land registry data shows four sales for 2 BUCHANAN WAY 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. All of the four 2 BUCHANAN WAY 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
2022 8 APR	£405,000	£532,758	24% below HPI
2002 20 DEC	£178,000	£237,179	25% below HPI
2000 8 NOV	£117,500	£158,992	26% below HPI
1997 14 JUL	£70,300	£101,926	31% below HPI

2 BUCHANAN WAY 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 2 BUCHANAN WAY sales between July 1997 and April 2022 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 2002 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the April 2022 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 2 BUCHANAN WAY?

2 BUCHANAN WAY is 95m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% of detached houses in Latchingdon, based on EPC data. The below chart shows the distribution of detached houses by size in Latchingdon, and where 2 BUCHANAN WAY lies on this distribution: 27% of detached houses are smaller than 2 BUCHANAN WAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Latchingdon.

2 BUCHANAN WAY: Plot and Title Map

2 BUCHANAN WAY sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 2 BUCHANAN WAY, 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 2 BUCHANAN WAY). 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 2 BUCHANAN WAY?

2 BUCHANAN WAY is located in LATCHINGDON, in the CM3 postcode district. The below map shows the position of No. 2 on BUCHANAN WAY.