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

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.

44 DRAKE AVENUE is a very small extended detached house of 87m², built sometime between 1991 and 1995, which could now be worth an estimated £339,955. It was last sold for £295,000 in March 2020, which was around 39% 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	£479,783	39% below HPI
2012 24 FEB	£190,000	£313,304	39% below HPI
2005 2 SEP	£176,500	£288,372	39% 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, which was also at 39% below the HPI.

What might 44 DRAKE AVENUE be worth now?

44 DRAKE AVENUE might now be worth an estimated £339,955.

This is based on house price inflation of 15.2%, between March 2020 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 15.2% inflationary increase is applied to the most recent sale price for 44 DRAKE AVENUE of £295,000 on 20th March 2020. For the value to have increased from £295,000 to £339,955 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of 44 DRAKE AVENUE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The March 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 44 DRAKE AVENUE has not materially changed since March 2020.

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 houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mayland, and where 44 DRAKE AVENUE lies on this distribution: 13% of detached houses houses are smaller than 44 DRAKE AVENUE, and 87% 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.