98, NIPSELLS CHASE, MAYLAND, CHELMSFORD, CM3 6EJ - £190,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

98 NIPSELLS CHASE is a very small extended detached house of 76m², built sometime before 1900, which could now be worth an estimated £390,810. It was last sold for £190,000 in April 2005, which was around 31% below the average April 2005 detached price in the Maldon local authority area. The most recent EPC inspection was March 2024, where the current energy rating was E, and the potential energy rating was C.

98 NIPSELLS CHASE Sold Prices

Land registry data shows two sales for 98 NIPSELLS CHASE 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. Both of the two 98 NIPSELLS CHASE 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
2005 15 APR	£190,000	£275,220	31% below HPI
1999 8 JUL	£92,500	£123,296	25% below HPI

98 NIPSELLS CHASE 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 98 NIPSELLS CHASE sales from July 1999 and April 2005 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 July 1999 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the April 2005 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 98 NIPSELLS CHASE be worth now?

98 NIPSELLS CHASE might now be worth an estimated £390,810.

This is based on house price inflation of 105.7%, between April 2005 and December 2024, 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 105.7% inflationary increase is applied to the most recent sale price for 98 NIPSELLS CHASE of £190,000 on 15th April 2005. For the value to have increased from £190,000 to £390,810 over the eighteen years and four months to December 2024, the following assumptions must hold true:

• The value of 98 NIPSELLS CHASE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The April 2005 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 98 NIPSELLS CHASE has not materially changed since April 2005.

How Large is 98 NIPSELLS CHASE?

98 NIPSELLS CHASE is 76m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the smallest 10% 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 98 NIPSELLS CHASE lies on this distribution: 7% of detached houses houses are smaller than 98 NIPSELLS CHASE, and 93% of houses are larger. Note that EPC data is not available for all properties in Mayland.

98 NIPSELLS CHASE: Plot and Title Map

98 NIPSELLS CHASE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 98 NIPSELLS CHASE, 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 98 NIPSELLS CHASE). 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 98 NIPSELLS CHASE?

98 NIPSELLS CHASE is located in MAYLAND, in the CM3 postcode district. The below map shows the position of No. 98 on NIPSELLS CHASE.