29, TERN CLOSE, MAYLAND, CHELMSFORD, CM3 6TW - £237,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

29 TERN CLOSE is a small extended detached house of 95m², built sometime between 1991 and 1995. It was last sold for £237,000 in March 2015, which was around 36% below the average March 2015 detached price in the Maldon local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

29 TERN CLOSE Sold Prices

Land registry data shows four sales for 29 TERN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. All of the four 29 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
2015 16 MAR	£237,000	£372,126	36% below HPI
2009 3 JUN	£186,000	£286,207	35% below HPI
2004 25 NOV	£190,000	£282,763	33% below HPI
1999 15 OCT	£87,500	£131,847	34% below HPI

29 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 four 29 TERN CLOSE sales between October 1999 and March 2015 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 June 2009 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the March 2015 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 29 TERN CLOSE?

29 TERN CLOSE is 95m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 30% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 29 TERN CLOSE lies on this distribution: 22% of detached houses are smaller than 29 TERN CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Mayland.

29 TERN CLOSE: Plot and Title Map

29 TERN CLOSE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 29 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 29 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 29 TERN CLOSE?

29 TERN CLOSE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 29 on TERN CLOSE.