8, NIPSELLS CHASE, MAYLAND, CHELMSFORD, CM3 6EH - £480,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 NIPSELLS CHASE is a large detached house of 126m², built sometime between 1996 and 2002, which could now be worth an estimated £502,750. It was last sold for £480,000 in October 2024, which was around 11% below the average October 2024 detached price in the Maldon local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

8 NIPSELLS CHASE Sold Prices

Land registry data shows two sales for 8 NIPSELLS CHASE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. One of the two 8 NIPSELLS CHASE sales was for below the average price, whilst the other was roughly equal to 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
2024 3 OCT	£480,000	£540,481	11% below HPI
1996 30 JAN	£92,750	£93,211	Close to HPI

8 NIPSELLS CHASE 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 two 8 NIPSELLS CHASE sales from January 1996 and October 2024 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 January 1996 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the October 2024 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 8 NIPSELLS CHASE be worth now?

8 NIPSELLS CHASE might now be worth an estimated £502,750.

This is based on house price inflation of 4.7%, between October 2024 and December 2024, 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 4.7% inflationary increase is applied to the most recent sale price for 8 NIPSELLS CHASE of £480,000 on 3rd October 2024. For the value to have increased from £480,000 to £502,750 over the ten months to December 2024, the following assumptions must hold true:

• The value of 8 NIPSELLS CHASE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The October 2024 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 8 NIPSELLS CHASE has not materially changed since October 2024.

How Large is 8 NIPSELLS CHASE?

8 NIPSELLS CHASE is 126m² according to the EPC inspection conducted in March 2016. This puts it in the largest 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 8 NIPSELLS CHASE lies on this distribution: 71% of detached houses houses are smaller than 8 NIPSELLS CHASE, and 27% of houses are larger. Note that EPC data is not available for all properties in Mayland.

8 NIPSELLS CHASE: Plot and Title Map

8 NIPSELLS CHASE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 8 NIPSELLS CHASE, 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 NIPSELLS CHASE). 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 NIPSELLS CHASE?

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