9, MERMAID WAY, MALDON, CM9 5LA - £680,000

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

9 MERMAID WAY is a very large extended detached house of 209m², built sometime between 1996 and 2002. It was last sold for £680,000 in July 2023, which was around 19% above the average July 2023 detached price in the Maldon local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was C.

9 MERMAID WAY Sold Prices

Land registry data shows four sales for 9 MERMAID WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. All of the four 9 MERMAID WAY 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
2023 26 JUL	£680,000	£571,011	19% above HPI
2005 1 NOV	£385,000	£286,737	34% above HPI
2005 23 SEP	£400,000	£284,781	40% above HPI
1998 30 JUN	£197,995	£117,705	68% above HPI

9 MERMAID WAY 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 four 9 MERMAID WAY sales between June 1998 and July 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 November 2005 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the July 2023 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 9 MERMAID WAY?

9 MERMAID WAY is 209m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the largest 10% of detached houses in Maldon, based on EPC data. The below chart shows the distribution of detached houses by size in Maldon, and where 9 MERMAID WAY lies on this distribution: 98% of detached houses are smaller than 9 MERMAID WAY, and 2% of houses are larger. Note that EPC data is not available for all properties in Maldon.

9 MERMAID WAY: Plot and Title Map

9 MERMAID WAY sits on a plot of roughly 0.145 of an acre, or 587m². The below map shows the location of 9 MERMAID WAY, 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 9 MERMAID WAY). 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 9 MERMAID WAY?

9 MERMAID WAY is located in MALDON, in the CM9 postcode district. The below map shows the position of No. 9 on MERMAID WAY.