LEE LODGE, ESPLANADE, MAYLAND, CHELMSFORD, CM3 6AW - £696,000

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.

LEE LODGE is a very large detached house of 190m², built sometime between 1967 and 1975, which could now be worth an estimated £792,186. It was last sold for £696,000 in August 2020, which was around 43% above the average August 2020 detached price in the Maldon local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

LEE LODGE Sold Prices

Land registry data shows four sales for LEE LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. All of the four LEE LODGE 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
2020 12 AUG	£696,000	£485,765	43% above HPI
2016 14 SEP	£620,000	£445,656	39% above HPI
2001 16 MAR	£200,000	£163,862	22% above HPI
1997 12 DEC	£145,000	£116,126	25% above HPI

LEE LODGE 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 four LEE LODGE sales between December 1997 and August 2020 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 2016 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the August 2020 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might LEE LODGE be worth now?

LEE LODGE might now be worth an estimated £792,186.

This is based on house price inflation of 13.8%, between August 2020 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 13.8% inflationary increase is applied to the most recent sale price for LEE LODGE of £696,000 on 12th August 2020. For the value to have increased from £696,000 to £792,186 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of LEE LODGE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The August 2020 sale price of £696,000 represented a fair market value for the property.
• The size, condition, and specification of LEE LODGE has not materially changed since August 2020.

How Large is LEE LODGE?

LEE LODGE is 190m² according to the EPC inspection conducted in September 2012. This puts it in the largest 20% 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 LEE LODGE lies on this distribution: 84% of detached houses houses are smaller than LEE LODGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Maylandsea.

LEE LODGE: Plot and Title Map

LEE LODGE sits on a plot of roughly 0.262 of an acre, or 1,059m². The below map shows the location of LEE LODGE, 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 LEE LODGE). 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 LEE LODGE?

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