9, TERN CLOSE, MAYLAND, CHELMSFORD, CM3 6TW - £320,000

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 TERN CLOSE is a midsized detached house of 107m², built sometime between 2003 and 2006. It was last sold for £320,000 in October 2019, which was around 33% below the average October 2019 detached price in the Maldon local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

9 TERN CLOSE Sold Prices

Land registry data shows five sales for 9 TERN 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 9 TERN CLOSE 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
2019 18 OCT	£320,000	£478,742	33% below HPI
2018 14 JUN	£335,000	£481,565	30% below HPI
2010 7 APR	£203,000	£307,038	34% below HPI
2006 3 FEB	£199,995	£277,495	28% below HPI
1999 16 APR	£85,000	£115,433	26% below HPI

9 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 five 9 TERN CLOSE sales between April 1999 and October 2019 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 June 2018 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2019 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 9 TERN CLOSE?

9 TERN CLOSE is 107m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 50% of detached houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses by size in Mayland, and where 9 TERN CLOSE lies on this distribution: 40% of detached houses are smaller than 9 TERN CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Mayland.

9 TERN CLOSE: Plot and Title Map

9 TERN CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 9 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 9 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 9 TERN CLOSE?

9 TERN CLOSE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 9 on TERN CLOSE.