2, TERN CLOSE, MAYLAND, CHELMSFORD, CM3 6TW - £275,000

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 TERN CLOSE is a large detached house of 119m², built sometime between 1996 and 2002. It was last sold for £275,000 in June 2015, which was around 30% below the average June 2015 detached price in the Maldon local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

2 TERN CLOSE Sold Prices

Land registry data shows three sales for 2 TERN 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. All of the three 2 TERN CLOSE 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
2015 17 JUN	£275,000	£391,217	30% below HPI
2002 26 JUL	£179,995	£208,382	14% below HPI
1999 26 MAR	£110,000	£115,247	5% below HPI

2 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 three 2 TERN CLOSE sales between March 1999 and June 2015 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 July 2002 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2015 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 TERN CLOSE?

2 TERN CLOSE is 119m² according to the EPC inspection conducted in March 2018. This puts it in the largest 40% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 2 TERN CLOSE lies on this distribution: 62% of detached houses are smaller than 2 TERN CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Mayland.

2 TERN CLOSE: Plot and Title Map

2 TERN CLOSE sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 2 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 2 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 2 TERN CLOSE?

2 TERN CLOSE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 2 on TERN CLOSE.