MEGATANN, MALDON ROAD, HATFIELD PEVEREL, CHELMSFORD, CM3 2HP - £234,000

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.

MEGATANN is a very small extended detached house of 76m², built sometime between 1950 and 1966, which could now be worth an estimated £419,924. It was last sold for £234,000 in October 2010, which was around 27% below the average October 2010 detached price in the Braintree local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was D.

MEGATANN Sold Prices

Land registry data shows two sales for MEGATANN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two MEGATANN 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
2010 1 OCT	£234,000	£321,823	27% below HPI
2003 14 FEB	£128,000	£255,218	50% below HPI

MEGATANN Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The two MEGATANN sales from February 2003 and October 2010 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 February 2003 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the October 2010 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might MEGATANN be worth now?

MEGATANN might now be worth an estimated £419,924.

This is based on house price inflation of 79.5%, between October 2010 and February 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 79.5% inflationary increase is applied to the most recent sale price for MEGATANN of £234,000 on 1st October 2010. For the value to have increased from £234,000 to £419,924 over the fifteen years and eight months to February 2025, the following assumptions must hold true:

• The value of MEGATANN has moved in line with the HPI for detached houses in the Braintree local authority area.
• The October 2010 sale price of £234,000 represented a fair market value for the property.
• The size, condition, and specification of MEGATANN has not materially changed since October 2010.

How Large is MEGATANN?

MEGATANN is 76m², which includes two extensions, according to the EPC inspection conducted in November 2008. This puts it in the smallest 10% of detached houses houses in Hatfield Peverel, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hatfield Peverel, and where MEGATANN lies on this distribution: 6% of detached houses houses are smaller than MEGATANN, and 94% of houses are larger. Note that EPC data is not available for all properties in Hatfield Peverel.

MEGATANN: Plot and Title Map

MEGATANN sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of MEGATANN, 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 MEGATANN). 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 MEGATANN?

MEGATANN is located on MALDON ROAD in HATFIELD PEVEREL, in the CM3 postcode district. The below map shows the position of MEGATANN on MALDON ROAD.