CM1 2PB is a residential postcode located on Maltese Road, Chelmsford, CM1. It is the 1178th largest postcode in the CM1 area.
It contains 36 houses and the most common type of property is a mid-century house built between 1936 and 1979.
The average house value is £660,099. Sales values have decreased in the last 12 months by 1.4% and Rental values have increased by 4.6%.
Property sale values range from £535,030 for a freehold house, with 3 bedrooms split across 947 square feet of gross internal area and has a garden to £973,838 for a freehold house, with 5 bedrooms split across 2,465 square feet of gross internal area and has a garden.
Average £/ft2 for properties in CM1 2PB is £481/ft2.
Properties achieve a rental yield of between 3.5% and 4.2%, and rental values range from £1,739 to £2,937 per month.
The last sale was 05 Dec 2022 for £515,000 and since then the market in the area as increased by -4.7%. The postcode has had a total of 4 sales since 1995.
CM1 2PB has seen 2 sales in the last three years and no sales in the last twelve months.
CM1 2PB is the 1178th largest and the 1335th most expensive postcode out of the 1,507 postcodes in the CM1 area.
CM1 2PB is a residential postcode located on Maltese Road, Chelmsford, CM1 with 36 houses within its bounds.
The most common property type in CM1 2PB is a mid-century house built between 1936 and 1979.
The homes are generally mid-century in style with the most common Energy Performance Certificate (EPC) rating being D.
The closest station to CM1 2PB is Chelmsford station which is 700 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around CM1 2PB, 41.9% of property is privately owned with a mortgage and 32.9% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around CM1 2PB, 20.7% of residents are recorded as possessing school level qualifications and 55.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around CM1 2PB, the average age was 38.2 and the most common age was 32.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around CM1 2PB, 0.9% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around CM1 2PB, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.