38, BUTTERCUP WAY, SOUTHMINSTER, CM0 7RZ - £250,000

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.

38 BUTTERCUP WAY is a midsized extended detached house of 125m², built sometime between 1991 and 1995, which could now be worth an estimated £407,923. It was last sold for £250,000 in February 2014, which was around 26% below the average February 2014 detached price in the Maldon local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

38 BUTTERCUP WAY Sold Prices

Land registry data shows three sales for 38 BUTTERCUP 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 38 BUTTERCUP 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 21 FEB	£250,000	£338,849	26% below HPI
2005 26 OCT	£247,000	£290,992	15% below HPI
2000 24 FEB	£122,500	£139,386	12% below HPI

38 BUTTERCUP 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 38 BUTTERCUP WAY sales between February 2000 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 October 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2014 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 38 BUTTERCUP WAY be worth now?

38 BUTTERCUP WAY might now be worth an estimated £407,923.

This is based on house price inflation of 63.2%, between February 2014 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 63.2% inflationary increase is applied to the most recent sale price for 38 BUTTERCUP WAY of £250,000 on 21st February 2014. For the value to have increased from £250,000 to £407,923 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 38 BUTTERCUP WAY has moved in line with the HPI for detached houses in the Maldon local authority area.
• The February 2014 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 38 BUTTERCUP WAY has not materially changed since February 2014.

How Large is 38 BUTTERCUP WAY?

38 BUTTERCUP WAY is 125m², which includes two extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 50% of detached houses houses in Southminster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southminster, and where 38 BUTTERCUP WAY lies on this distribution: 57% of detached houses houses are smaller than 38 BUTTERCUP WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Southminster.

38 BUTTERCUP WAY: Plot and Title Map

38 BUTTERCUP WAY sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 38 BUTTERCUP 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 38 BUTTERCUP 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 38 BUTTERCUP WAY?

38 BUTTERCUP WAY is located in SOUTHMINSTER, in the CM0 postcode district. The below map shows the position of No. 38 on BUTTERCUP WAY.