44, DRAKE AVENUE, MAYLAND, CHELMSFORD, CM3 6TY - £295,000

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

44 DRAKE AVENUE is a very small extended detached house of 87m², built sometime between 1991 and 1995. It was last sold for £295,000 in March 2020, which was around 38% below the average March 2020 detached price in the Maldon local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

44 DRAKE AVENUE Sold Prices

Land registry data shows three sales for 44 DRAKE AVENUE 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 44 DRAKE AVENUE 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
2020 20 MAR	£295,000	£473,808	38% below HPI
2012 24 FEB	£190,000	£309,402	39% below HPI
2005 2 SEP	£176,500	£284,781	38% below HPI

44 DRAKE AVENUE 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 44 DRAKE AVENUE sales between September 2005 and March 2020 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 February 2012 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2020 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 44 DRAKE AVENUE?

44 DRAKE AVENUE is 87m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 20% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 44 DRAKE AVENUE lies on this distribution: 13% of detached houses are smaller than 44 DRAKE AVENUE, and 86% of houses are larger. Note that EPC data is not available for all properties in Mayland.

44 DRAKE AVENUE: Plot and Title Map

44 DRAKE AVENUE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 44 DRAKE AVENUE, 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 44 DRAKE AVENUE). 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 44 DRAKE AVENUE?

44 DRAKE AVENUE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 44 on DRAKE AVENUE.