28, TERN CLOSE, MAYLAND, CHELMSFORD, CM3 6TW - £218,000

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.

28 TERN CLOSE is a very small detached house of 92m², built sometime between 1996 and 2002, which could now be worth an estimated £379,911. It was last sold for £218,000 in July 2012, which was around 32% below the average July 2012 detached price in the Maldon local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

28 TERN CLOSE Sold Prices

Land registry data shows three sales for 28 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 28 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
2012 13 JUL	£218,000	£319,448	32% below HPI
2008 5 DEC	£195,000	£291,419	33% below HPI
1999 9 APR	£94,500	£116,889	19% below HPI

28 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 28 TERN CLOSE sales between April 1999 and July 2012 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 2008 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 2012 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 28 TERN CLOSE be worth now?

28 TERN CLOSE might now be worth an estimated £379,911.

This is based on house price inflation of 74.3%, between July 2012 and March 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 74.3% inflationary increase is applied to the most recent sale price for 28 TERN CLOSE of £218,000 on 13th July 2012. For the value to have increased from £218,000 to £379,911 over the thirteen years and four months to March 2025, the following assumptions must hold true:

• The value of 28 TERN CLOSE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The July 2012 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 28 TERN CLOSE has not materially changed since July 2012.

How Large is 28 TERN CLOSE?

28 TERN CLOSE is 92m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 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 28 TERN CLOSE lies on this distribution: 19% of detached houses houses are smaller than 28 TERN CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Mayland.

28 TERN CLOSE: Plot and Title Map

28 TERN CLOSE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 28 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 28 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 28 TERN CLOSE?

28 TERN CLOSE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 28 on TERN CLOSE.