OAKMEAD, MAYLAND CLOSE, MAYLAND, CHELMSFORD, CM3 6SS - £480,000

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.

OAKMEAD is a very large extended detached house of 194m², built sometime between 1991 and 1995, which could now be worth an estimated £656,151. It was last sold for £480,000 in June 2016, which was around 18% above the average June 2016 detached price in the Maldon local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

OAKMEAD Sold Prices

Land registry data shows two sales for OAKMEAD 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 OAKMEAD 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
2016 10 JUN	£480,000	£407,252	18% above HPI
1995 9 AUG	£159,995	£93,781	71% above HPI

OAKMEAD 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 OAKMEAD sales from August 1995 and June 2016 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 August 1995 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the June 2016 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might OAKMEAD be worth now?

OAKMEAD might now be worth an estimated £656,151.

This is based on house price inflation of 36.7%, between June 2016 and March 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 36.7% inflationary increase is applied to the most recent sale price for OAKMEAD of £480,000 on 10th June 2016. For the value to have increased from £480,000 to £656,151 over the nine years and three months to March 2025, the following assumptions must hold true:

• The value of OAKMEAD has moved in line with the HPI for detached houses in the Maldon local authority area.
• The June 2016 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of OAKMEAD has not materially changed since June 2016.

How Large is OAKMEAD?

OAKMEAD is 194m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the largest 10% of detached houses houses in Mayland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mayland, and where OAKMEAD lies on this distribution: 96% of detached houses houses are smaller than OAKMEAD, and 4% of houses are larger. Note that EPC data is not available for all properties in Mayland.

OAKMEAD: Plot and Title Map

OAKMEAD sits on a plot of roughly 0.198 of an acre, or 803m². The below map shows the location of OAKMEAD, 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 OAKMEAD). 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 OAKMEAD?

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