23, DERBY CLOSE, MAYLAND, CHELMSFORD, CM3 6TB - £370,000

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 DERBY CLOSE is a very large extended detached house of 141m², built sometime between 1976 and 1982, which could now be worth an estimated £455,541. It was last sold for £370,000 in October 2016, which was around 18% below the average October 2016 detached price in the Maldon local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

23 DERBY CLOSE Sold Prices

Land registry data shows two sales for 23 DERBY CLOSE 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 DERBY 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
2016 28 OCT	£370,000	£449,075	18% below HPI
2014 28 JUL	£236,000	£345,981	32% below HPI

23 DERBY 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 two 23 DERBY CLOSE sales from July 2014 and October 2016 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 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2016 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 23 DERBY CLOSE be worth now?

23 DERBY CLOSE might now be worth an estimated £455,541.

This is based on house price inflation of 23.1%, between October 2016 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 23.1% inflationary increase is applied to the most recent sale price for 23 DERBY CLOSE of £370,000 on 28th October 2016. For the value to have increased from £370,000 to £455,541 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 23 DERBY CLOSE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The October 2016 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 23 DERBY CLOSE has not materially changed since October 2016.

How Large is 23 DERBY CLOSE?

23 DERBY CLOSE is 141m², which includes two extensions, according to the EPC inspection conducted in February 2014. This puts it in the largest 20% of detached houses houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mayland, and where 23 DERBY CLOSE lies on this distribution: 82% of detached houses houses are smaller than 23 DERBY CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Mayland.

23 DERBY CLOSE: Plot and Title Map

23 DERBY CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 23 DERBY 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 23 DERBY 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 23 DERBY CLOSE?

23 DERBY CLOSE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 23 on DERBY CLOSE.