INCHMERLE, ESPLANADE, MAYLAND, CHELMSFORD, CM3 6AW - £695,000

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.

INCHMERLE is a very large extended detached house of 239m², built sometime between 1950 and 1966, which could now be worth an estimated £790,230. It was last sold for £695,000 in May 2019, which was around 43% above the average May 2019 detached price in the Maldon local authority area. The most recent EPC inspection was December 2018, where the current energy rating was E, and the potential energy rating was D.

INCHMERLE Sold Prices

Land registry data shows three sales for INCHMERLE 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 INCHMERLE 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
2019 9 MAY	£695,000	£486,268	43% above HPI
2006 21 NOV	£470,000	£303,067	55% above HPI
1997 1 AUG	£177,000	£108,313	63% above HPI

INCHMERLE 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 INCHMERLE sales between August 1997 and May 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 November 2006 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the May 2019 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might INCHMERLE be worth now?

INCHMERLE might now be worth an estimated £790,230.

This is based on house price inflation of 13.7%, between May 2019 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 13.7% inflationary increase is applied to the most recent sale price for INCHMERLE of £695,000 on 9th May 2019. For the value to have increased from £695,000 to £790,230 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of INCHMERLE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The May 2019 sale price of £695,000 represented a fair market value for the property.
• The size, condition, and specification of INCHMERLE has not materially changed since May 2019.

How Large is INCHMERLE?

INCHMERLE is 239m², which includes two extensions, according to the EPC inspection conducted in December 2018. This puts it in the largest 10% 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 INCHMERLE lies on this distribution: 97% of detached houses houses are smaller than INCHMERLE, and 3% of houses are larger. Note that EPC data is not available for all properties in Maylandsea.

INCHMERLE: Plot and Title Map

INCHMERLE sits on a plot of roughly 0.273 of an acre, or 1,105m². The below map shows the location of INCHMERLE, 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 INCHMERLE). 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 INCHMERLE?

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