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

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

INCHMERLE is a very large extended detached house of 239m², built sometime between 1950 and 1966. It was last sold for £695,000 in May 2019, which was around 45% 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	£480,212	45% above HPI
2006 21 NOV	£470,000	£299,293	57% above HPI
1997 1 AUG	£177,000	£106,964	65% 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 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the May 2019 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

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 in Maylandsea, based on EPC data. The below chart shows the distribution of detached houses by size in Maylandsea, and where INCHMERLE lies on this distribution: 97% of detached 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.