271, ESPLANADE, MAYLAND, CHELMSFORD, CM3 6AL - £623,750

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.

271 ESPLANADE is a small detached house of 96m², built sometime between 1983 and 1990, which could now be worth an estimated £687,400. It was last sold for £623,750 in December 2020, which was around 24% above the average December 2020 detached price in the Maldon local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

271 ESPLANADE Sold Prices

Land registry data shows three sales for 271 ESPLANADE 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. One of the three 271 ESPLANADE sales was for above the average price, whilst two 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
2020 16 DEC	£623,750	£501,701	24% above HPI
2011 16 DEC	£245,000	£317,018	23% below HPI
2007 2 FEB	£248,500	£314,089	21% below HPI

271 ESPLANADE 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 271 ESPLANADE sales between February 2007 and December 2020 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 2011 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2020 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 271 ESPLANADE be worth now?

271 ESPLANADE might now be worth an estimated £687,400.

This is based on house price inflation of 10.2%, between December 2020 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 10.2% inflationary increase is applied to the most recent sale price for 271 ESPLANADE of £623,750 on 16th December 2020. For the value to have increased from £623,750 to £687,400 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 271 ESPLANADE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The December 2020 sale price of £623,750 represented a fair market value for the property.
• The size, condition, and specification of 271 ESPLANADE has not materially changed since December 2020.

How Large is 271 ESPLANADE?

271 ESPLANADE is 96m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 30% of detached houses houses in Maylandsea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Maylandsea, and where 271 ESPLANADE lies on this distribution: 23% of detached houses houses are smaller than 271 ESPLANADE, and 77% of houses are larger. Note that EPC data is not available for all properties in Maylandsea.

271 ESPLANADE: Plot and Title Map

271 ESPLANADE sits on a plot of roughly 0.173 of an acre, or 700m². The below map shows the location of 271 ESPLANADE, 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 271 ESPLANADE). 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 271 ESPLANADE?

271 ESPLANADE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 271 on ESPLANADE.