8, OAK CLOSE, MALDON, CM9 5LD - £425,000

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

8 OAK CLOSE is a very large extended detached house of 157m², built sometime between 1996 and 2002. It was last sold for £425,000 in June 2015, which was around 9% above the average June 2015 detached price in the Maldon local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

8 OAK CLOSE Sold Prices

Land registry data shows five sales for 8 OAK CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. All of the five 8 OAK CLOSE sales were 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
2015 8 JUN	£425,000	£391,217	9% above HPI
2006 27 SEP	£338,000	£299,198	13% above HPI
2003 29 OCT	£305,000	£260,036	17% above HPI
2001 6 AUG	£225,000	£174,713	29% above HPI
1999 14 MAY	£173,995	£117,235	48% above HPI

8 OAK 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 five 8 OAK CLOSE sales between May 1999 and June 2015 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 September 2006 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the June 2015 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 8 OAK CLOSE?

8 OAK CLOSE is 157m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the largest 20% of detached houses in Maldon, based on EPC data. The below chart shows the distribution of detached houses by size in Maldon, and where 8 OAK CLOSE lies on this distribution: 86% of detached houses are smaller than 8 OAK CLOSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Maldon.

8 OAK CLOSE: Plot and Title Map

8 OAK CLOSE sits on a plot of roughly 0.128 of an acre, or 516m². The below map shows the location of 8 OAK 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 8 OAK 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 8 OAK CLOSE?

8 OAK CLOSE is located in MALDON, in the CM9 postcode district. The below map shows the position of No. 8 on OAK CLOSE.