8, PROMENADE, MAYLAND, CHELMSFORD, CM3 6AR - £850,000

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 PROMENADE is a very large extended detached house of 245m², built sometime between 1996 and 2002. It was last sold for £850,000 in January 2023, which was around 47% above the average January 2023 detached price in the Maldon local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was C.

8 PROMENADE Sold Prices

Land registry data shows two sales for 8 PROMENADE 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 PROMENADE sales was for above the average price, whilst the other was 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
2023 5 JAN	£850,000	£576,524	47% above HPI
1997 3 SEP	£42,000	£108,479	61% below HPI

8 PROMENADE 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 PROMENADE sales from September 1997 and January 2023 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 1997 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the January 2023 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is 8 PROMENADE?

8 PROMENADE is 245m², which includes four extensions, according to the EPC inspection conducted in April 2022. This puts it in the largest 10% of detached houses in Maylandsea, based on EPC data. The below chart shows the distribution of detached houses by size in Maylandsea, and where 8 PROMENADE lies on this distribution: 97% of detached houses are smaller than 8 PROMENADE, and 3% of houses are larger. Note that EPC data is not available for all properties in Maylandsea.

8 PROMENADE: Plot and Title Map

8 PROMENADE sits on a plot of roughly 0.242 of an acre, or 981m². The below map shows the location of 8 PROMENADE, 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 PROMENADE). 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 PROMENADE?

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