34, TERN CLOSE, MAYLAND, CHELMSFORD, CM3 6TW - £250,000

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

34 TERN CLOSE is a midsized extended detached house of 109m², built sometime between 1996 and 2002. It was last sold for £250,000 in April 2014, which was around 23% below the average April 2014 detached price in the Maldon local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

34 TERN CLOSE Sold Prices

Land registry data shows two sales for 34 TERN 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 34 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
2014 11 APR	£250,000	£326,270	23% below HPI
1999 8 JUL	£106,995	£121,760	12% below HPI

34 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 two 34 TERN CLOSE sales from July 1999 and April 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 July 1999 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the April 2014 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 34 TERN CLOSE?

34 TERN CLOSE is 109m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 50% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 34 TERN CLOSE lies on this distribution: 42% of detached houses are smaller than 34 TERN CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Mayland.

34 TERN CLOSE: Plot and Title Map

34 TERN CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 34 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 34 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 34 TERN CLOSE?

34 TERN CLOSE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 34 on TERN CLOSE.