3, FELS WAY, MAYLAND, CHELMSFORD, CM3 6AN - £265,000

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

3 FELS WAY is a very large extended detached house of 140m², built sometime between 2003 and 2006. It was last sold for £265,000 in February 2014, which was around 21% below the average February 2014 detached price in the Maldon local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

3 FELS WAY Sold Prices

Land registry data shows three sales for 3 FELS WAY 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 3 FELS WAY 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
2014 20 FEB	£265,000	£334,629	21% below HPI
2006 28 NOV	£249,995	£299,293	16% below HPI
2003 2 DEC	£260,000	£263,176	1% below HPI

3 FELS WAY 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 3 FELS WAY sales between December 2003 and February 2014 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 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2014 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 3 FELS WAY?

3 FELS WAY is 140m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the largest 20% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 3 FELS WAY lies on this distribution: 83% of detached houses are smaller than 3 FELS WAY, and 16% of houses are larger. Note that EPC data is not available for all properties in Mayland.

3 FELS WAY: Plot and Title Map

3 FELS WAY sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 3 FELS WAY, 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 3 FELS WAY). 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 3 FELS WAY?

3 FELS WAY is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 3 on FELS WAY.