23, CHERRY ORCHARD, SOUTHMINSTER, CM0 7HE - £240,000

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.

23 CHERRY ORCHARD is a very small detached house of 48m², built sometime between 1983 and 1990, which could now be worth an estimated £266,406. It was last sold for £240,000 in February 2021, which was around 52% below the average February 2021 detached price in the Maldon local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

23 CHERRY ORCHARD Sold Prices

Land registry data shows two sales for 23 CHERRY ORCHARD 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 23 CHERRY ORCHARD 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
2021 5 FEB	£240,000	£498,095	52% below HPI
2000 30 NOV	£85,000	£160,997	47% below HPI

23 CHERRY ORCHARD 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 23 CHERRY ORCHARD sales from November 2000 and February 2021 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 November 2000 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the February 2021 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 23 CHERRY ORCHARD be worth now?

23 CHERRY ORCHARD might now be worth an estimated £266,406.

This is based on house price inflation of 11%, between February 2021 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 11% inflationary increase is applied to the most recent sale price for 23 CHERRY ORCHARD of £240,000 on 5th February 2021. For the value to have increased from £240,000 to £266,406 over the four years to February 2025, the following assumptions must hold true:

• The value of 23 CHERRY ORCHARD has moved in line with the HPI for detached houses in the Maldon local authority area.
• The February 2021 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 23 CHERRY ORCHARD has not materially changed since February 2021.

How Large is 23 CHERRY ORCHARD?

23 CHERRY ORCHARD is 48m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 10% of detached houses houses in Southminster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southminster, and where 23 CHERRY ORCHARD lies on this distribution: 1% of detached houses houses are smaller than 23 CHERRY ORCHARD, and 99% of houses are larger. Note that EPC data is not available for all properties in Southminster.

23 CHERRY ORCHARD: Plot and Title Map

23 CHERRY ORCHARD sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 23 CHERRY ORCHARD, 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 23 CHERRY ORCHARD). 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 23 CHERRY ORCHARD?

23 CHERRY ORCHARD is located in SOUTHMINSTER, in the CM0 postcode district. The below map shows the position of No. 23 on CHERRY ORCHARD.