88, THE DRIVE, MAYLAND, CHELMSFORD, CM3 6AB - £475,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

88 THE DRIVE is a small extended detached house of 98m², built sometime between 1950 and 1966. It was last sold for £475,000 in November 2023, which was around 14% below the average November 2023 detached price in the Maldon local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was C.

88 THE DRIVE Sold Prices

Land registry data shows three sales for 88 THE DRIVE 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. All of the three 88 THE DRIVE sales were 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 28 NOV	£475,000	£550,299	14% below HPI
2002 30 MAY	£170,000	£197,398	14% below HPI
1997 24 OCT	£85,750	£110,658	23% below HPI

88 THE DRIVE 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 88 THE DRIVE sales between October 1997 and November 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 May 2002 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2023 sale, which was also at 14% below the HPI.

How Large is 88 THE DRIVE?

88 THE DRIVE is 98m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the smallest 30% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 88 THE DRIVE lies on this distribution: 24% of detached houses are smaller than 88 THE DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Mayland.

88 THE DRIVE: Plot and Title Map

88 THE DRIVE sits on a plot of roughly 0.200 of an acre, or 808m². The below map shows the location of 88 THE DRIVE, 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 88 THE DRIVE). 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 88 THE DRIVE?

88 THE DRIVE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 88 on THE DRIVE.