6, DERBY CLOSE, MAYLAND, CHELMSFORD, CM3 6TB - £247,000

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.

6 DERBY CLOSE is a small detached house of 98m², built sometime between 1983 and 1990, which could now be worth an estimated £407,390. It was last sold for £247,000 in June 2014, which was around 27% below the average June 2014 detached price in the Maldon local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

6 DERBY CLOSE Sold Prices

Land registry data shows three sales for 6 DERBY CLOSE 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 6 DERBY CLOSE 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
2014 18 JUN	£247,000	£337,530	27% below HPI
2005 21 DEC	£195,000	£280,801	31% below HPI
1998 3 MAY	£94,000	£116,615	19% below HPI

6 DERBY CLOSE 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 6 DERBY CLOSE sales between May 1998 and June 2014 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 2005 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2014 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 6 DERBY CLOSE be worth now?

6 DERBY CLOSE might now be worth an estimated £407,390.

This is based on house price inflation of 64.9%, between June 2014 and March 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 64.9% inflationary increase is applied to the most recent sale price for 6 DERBY CLOSE of £247,000 on 18th June 2014. For the value to have increased from £247,000 to £407,390 over the eleven years and three months to March 2025, the following assumptions must hold true:

• The value of 6 DERBY CLOSE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The June 2014 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of 6 DERBY CLOSE has not materially changed since June 2014.

How Large is 6 DERBY CLOSE?

6 DERBY CLOSE is 98m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 30% 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 6 DERBY CLOSE lies on this distribution: 24% of detached houses houses are smaller than 6 DERBY CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Mayland.

6 DERBY CLOSE: Plot and Title Map

6 DERBY CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 6 DERBY CLOSE, 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 6 DERBY CLOSE). 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 6 DERBY CLOSE?

6 DERBY CLOSE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 6 on DERBY CLOSE.