8, TERN CLOSE, MAYLAND, CHELMSFORD, CM3 6TW - £139,995

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 TERN CLOSE is a large detached house of 126m², built sometime between 1996 and 2002, which could now be worth an estimated £524,289. It was last sold for £139,995 in June 2000, which was around 5% below the average June 2000 detached price in the Maldon local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

8 TERN CLOSE Sold Prices

Land registry data shows two sales for 8 TERN CLOSE 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 TERN CLOSE sales was for below the average price, whilst the other 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
2000 28 JUN	£139,995	£147,634	5% below HPI
1998 30 OCT	£119,000	£115,772	3% above HPI

8 TERN 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 two 8 TERN CLOSE sales from October 1998 and June 2000 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 October 1998 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the June 2000 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 8 TERN CLOSE be worth now?

8 TERN CLOSE might now be worth an estimated £524,289.

This is based on house price inflation of 274.5%, between June 2000 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 274.5% inflationary increase is applied to the most recent sale price for 8 TERN CLOSE of £139,995 on 28th June 2000. For the value to have increased from £139,995 to £524,289 over the 25 years and four months to February 2025, the following assumptions must hold true:

• The value of 8 TERN CLOSE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The June 2000 sale price of £139,995 represented a fair market value for the property.
• The size, condition, and specification of 8 TERN CLOSE has not materially changed since June 2000.

How Large is 8 TERN CLOSE?

8 TERN CLOSE is 126m² according to the EPC inspection conducted in September 2013. 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 TERN CLOSE lies on this distribution: 70% of detached houses houses are smaller than 8 TERN CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Mayland.

8 TERN CLOSE: Plot and Title Map

8 TERN CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 8 TERN 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 TERN 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 TERN CLOSE?

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