8, ESPLANADE, MAYLAND, CHELMSFORD, CM3 6AL - £380,000

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.

8 ESPLANADE is a small detached house of 121m², built sometime between 1967 and 1975, which could now be worth an estimated £494,844. It was last sold for £380,000 in July 2016, which was around 10% below the average July 2016 detached price in the Maldon local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was B.

8 ESPLANADE Sold Prices

Land registry data shows three sales for 8 ESPLANADE 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. Two of the three 8 ESPLANADE sales were for below the average price, whilst one was for above 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 22 JUL	£380,000	£424,580	10% below HPI
2008 17 JUL	£295,000	£330,454	11% below HPI
1997 20 AUG	£119,000	£108,313	10% above HPI

8 ESPLANADE 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 8 ESPLANADE sales between August 1997 and July 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 July 2008 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2016 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 8 ESPLANADE be worth now?

8 ESPLANADE might now be worth an estimated £494,844.

This is based on house price inflation of 30.2%, between July 2016 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 30.2% inflationary increase is applied to the most recent sale price for 8 ESPLANADE of £380,000 on 22nd July 2016. For the value to have increased from £380,000 to £494,844 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 8 ESPLANADE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The July 2016 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ESPLANADE has not materially changed since July 2016.

How Large is 8 ESPLANADE?

8 ESPLANADE is 121m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 40% of detached houses houses in Maylandsea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Maylandsea, and where 8 ESPLANADE lies on this distribution: 39% of detached houses houses are smaller than 8 ESPLANADE, and 60% of houses are larger. Note that EPC data is not available for all properties in Maylandsea.

8 ESPLANADE: Plot and Title Map

8 ESPLANADE sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of 8 ESPLANADE, 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 8 ESPLANADE). 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 8 ESPLANADE?

8 ESPLANADE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 8 on ESPLANADE.