4, THE DRIVE, MAYLAND, CHELMSFORD, CM3 6AA - £395,000

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

4 THE DRIVE is a very large extended detached house of 178m², built sometime between 1983 and 1990. It was last sold for £395,000 in September 2016, which was around 10% below the average September 2016 detached price in the Maldon local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

4 THE DRIVE Sold Prices

Land registry data shows two sales for 4 THE DRIVE 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 4 THE 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
2016 12 SEP	£395,000	£440,106	10% below HPI
2004 12 MAY	£235,000	£270,189	13% below HPI

4 THE 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 two 4 THE DRIVE sales from May 2004 and September 2016 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 May 2004 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2016 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 4 THE DRIVE?

4 THE DRIVE is 178m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the largest 10% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 4 THE DRIVE lies on this distribution: 95% of detached houses are smaller than 4 THE DRIVE, and 5% of houses are larger. Note that EPC data is not available for all properties in Mayland.

4 THE DRIVE: Plot and Title Map

4 THE DRIVE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 4 THE 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 4 THE 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 4 THE DRIVE?

4 THE DRIVE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 4 on THE DRIVE.