42, LAVENDER DRIVE, SOUTHMINSTER, CM0 7RX - £425,000

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.

42 LAVENDER DRIVE is a small detached house of 108m², built sometime between 1996 and 2002, which could now be worth an estimated £416,638. It was last sold for £425,000 in May 2023, which was around 25% below the average May 2023 detached price in the Maldon local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

42 LAVENDER DRIVE Sold Prices

Land registry data shows three sales for 42 LAVENDER 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 42 LAVENDER 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
2023 3 MAY	£425,000	£563,994	25% below HPI
2016 14 DEC	£295,000	£456,563	35% below HPI
2001 12 JAN	£121,000	£164,176	26% below HPI

42 LAVENDER 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 42 LAVENDER DRIVE sales between January 2001 and May 2023 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 December 2016 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 42 LAVENDER DRIVE be worth now?

42 LAVENDER DRIVE might now be worth an estimated £416,638.

This is based on house price deflation of 2%, between May 2023 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 2% deflationary decrease is applied to the most recent sale price for 42 LAVENDER DRIVE of £425,000 on 3rd May 2023. For the value to have decreased from £425,000 to £416,638 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 42 LAVENDER DRIVE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The May 2023 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 42 LAVENDER DRIVE has not materially changed since May 2023.

How Large is 42 LAVENDER DRIVE?

42 LAVENDER DRIVE is 108m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 40% 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 42 LAVENDER DRIVE lies on this distribution: 36% of detached houses houses are smaller than 42 LAVENDER DRIVE, and 61% of houses are larger. Note that EPC data is not available for all properties in Southminster.

42 LAVENDER DRIVE: Plot and Title Map

42 LAVENDER DRIVE sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 42 LAVENDER 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 42 LAVENDER 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 42 LAVENDER DRIVE?

42 LAVENDER DRIVE is located in SOUTHMINSTER, in the CM0 postcode district. The below map shows the position of No. 42 on LAVENDER DRIVE.