38, ORCHARD DRIVE, MAYLAND, CHELMSFORD, CM3 6EP - £415,000

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

38 ORCHARD DRIVE is a small extended detached house of 106m², built sometime between 1967 and 1975. It was last sold for £415,000 in March 2022, which was around 23% below the average March 2022 detached price in the Maldon local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

38 ORCHARD DRIVE Sold Prices

Land registry data shows three sales for 38 ORCHARD DRIVE 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 ORCHARD DRIVE 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
2022 16 MAR	£415,000	£537,569	23% below HPI
2015 6 NOV	£300,000	£393,837	24% below HPI
2014 11 APR	£200,000	£326,270	39% below HPI

38 ORCHARD DRIVE 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 ORCHARD DRIVE sales between April 2014 and March 2022 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 2015 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 38 ORCHARD DRIVE?

38 ORCHARD DRIVE is 106m², which includes two extensions, according to the EPC inspection conducted in March 2015. This puts it in the smallest 40% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 38 ORCHARD DRIVE lies on this distribution: 38% of detached houses are smaller than 38 ORCHARD DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Mayland.

38 ORCHARD DRIVE: Plot and Title Map

38 ORCHARD DRIVE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 38 ORCHARD DRIVE, 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 ORCHARD DRIVE). 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 ORCHARD DRIVE?

38 ORCHARD DRIVE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 38 on ORCHARD DRIVE.