The asking price of £500,000 for a new build property with this large plot seems reasonable considering comparable properties in Maldon, though it is important to note that the average price per sqft cannot be determined due to unavailable data for similar properties. It’s important to note that new construction costs are high, and potential buyers should carry out their own independent valuation to confirm that the price reflects the value, quality and location of the property. The cost of construction in addition to the cost of the land will affect the final price. The absence of comparable properties based on plot size and type makes a definitive pricing comparison challenging.

While the property is under construction, the architectural plans and renderings suggest a high-quality build and finish. The design appears modern and well-considered, indicating a potentially high standard of construction, assuming quality materials and workmanship are used. It’s not yet possible to assess the final condition before completion.

The property benefits from a location in Maldon, a desirable town in Essex. Proximity to schools like Plume School (rated ‘Good’ by Ofsted) and Maldon Court Preparatory School adds to its family appeal. The relatively close distance to the town centre provides access to amenities and services, while its location on Cromwell Lane suggests a degree of tranquility.

The property boasts a substantial plot of land, significantly larger than most properties in the area. This is a major advantage and greatly enhances the overall value and desirability of the property, providing ample space for landscaping, outdoor activities, or potential future development (subject to planning permission).