2, THE DRIVE, MAYLAND, CHELMSFORD, CM3 6AA - £420,000

2 THE DRIVE is a midsized detached house of 115m², built sometime between 1983 and 1990. It was last sold for £420,000 in September 2022, which was around 26% below the average September 2022 detached price in the Maldon local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

2 THE DRIVE Sold Prices

Land registry data shows three sales for 2 THE DRIVE 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. Two of the three 2 THE DRIVE sales were for below the average price, whilst one was 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
2022 29 SEP	£420,000	£565,869	26% below HPI
2011 22 JUL	£220,000	£320,957	31% below HPI
1996 13 DEC	£102,000	£96,711	5% above HPI

2 THE DRIVE 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 THE DRIVE sales between December 1996 and September 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 July 2011 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 THE DRIVE?

2 THE DRIVE is 115m² according to the EPC inspection conducted in May 2022. This puts it in the largest 50% 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 THE DRIVE lies on this distribution: 54% of detached houses are smaller than 2 THE DRIVE, and 44% of houses are larger. Note that EPC data is not available for all properties in Mayland.

2 THE DRIVE: Plot and Title Map

2 THE DRIVE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of 2 THE DRIVE, 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 THE DRIVE). 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 THE DRIVE?

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