HORIZONS, ESPLANADE, MAYLAND, CHELMSFORD, CM3 6AW - £600,000

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.

HORIZONS is a large extended detached house of 175m², built sometime between 1967 and 1975, which could now be worth an estimated £568,244. It was last sold for £600,000 in January 2023, which was around 3% above the average January 2023 detached price in the Maldon local authority area. The most recent EPC inspection was March 2022, where the current energy rating was F, and the potential energy rating was C.

HORIZONS Sold Prices

Land registry data shows two sales for HORIZONS 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 HORIZONS 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 5 JAN	£600,000	£583,795	3% above HPI
1997 23 SEP	£130,300	£109,847	19% above HPI

HORIZONS 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 HORIZONS sales from September 1997 and January 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 September 1997 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the January 2023 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might HORIZONS be worth now?

HORIZONS might now be worth an estimated £568,244.

This is based on house price deflation of 5.3%, between January 2023 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 5.3% deflationary decrease is applied to the most recent sale price for HORIZONS of £600,000 on 5th January 2023. For the value to have decreased from £600,000 to £568,244 over the one year and eleven months to February 2025, the following assumptions must hold true:

• The value of HORIZONS has moved in line with the HPI for detached houses in the Maldon local authority area.
• The January 2023 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of HORIZONS has not materially changed since January 2023.

How Large is HORIZONS?

HORIZONS is 175m², which includes three extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 30% of detached houses houses in Maylandsea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Maylandsea, and where HORIZONS lies on this distribution: 78% of detached houses houses are smaller than HORIZONS, and 22% of houses are larger. Note that EPC data is not available for all properties in Maylandsea.

HORIZONS: Plot and Title Map

HORIZONS sits on a plot of roughly 0.224 of an acre, or 905m². The below map shows the location of HORIZONS, 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 HORIZONS). 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 HORIZONS?

HORIZONS is located on ESPLANADE in MAYLAND, in the CM3 postcode district. The below map shows the position of HORIZONS on ESPLANADE.