According to the public record, 16, Spalding Way, Chelmsford is a mid-century freehold house with 1,087 ft2 of internal area and sits on a 329 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Spalding Way, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
16, Spalding Way, Chelmsford has a single entry in the Land Registry database from November 2022 and a single entry in the EPC database dated April 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Spalding Way Chelmsford as £502,510 and the rental value as £1,880 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 16 Spalding Way Chelmsford has decreased by £5,041 (1.0%) and its rental value has increased by £100 per month (5.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Spalding Way, Chelmsford is in very good condition we estimate a sale value of £527,635 and rental value of £1,974 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £467,334 and a rental value of £1,748 per month.
If you were able to purchase this property for the estimated value of £502,510, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,470 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 16, Spalding Way, Chelmsford sits on a plot of 329m2.
We have plot size data on 26 out of 45 other houses in the postcode and 16, Spalding Way, Chelmsford sits on the 22nd largest plot.
According to HM Land Registry, 16, Spalding Way, Chelmsford was last sold on 10 Nov 2022 for £500,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2022, the market for similar properties has dropped 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Spalding Way, Chelmsford within a radius of 800 metres over the last 2 years.
The most recent example is 49, Spalding Way, Chelmsford, CM2 7NZ, a Freehold house which sold for £476,000 in Feb 2024.
Read more about house prices in CM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 800 metres radius of 16, Spalding Way, Chelmsford over the last 2 years.
Most recently 22, Chelmerton Avenue, Chelmsford, CM2 9RE, a Freehold house let by Andrea & Co in Jan 2024.
Spalding Way, Chelmsford, CM2 has a total of 45 addresses. According to our analysis of all the public data, 16, Spalding Way, Chelmsford is the 28th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £102k more expensive than the average property in CM2.
16, Spalding Way, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Apr 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, Spalding Way, Chelmsford is Chelmsford station which is 2.5 kilometres 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 16, Spalding Way, Chelmsford, 60.9% of property is privately owned outright and 32.0% is privately owned with a mortgage.
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 16, Spalding Way, Chelmsford, 13.3% of residents are recorded as possessing school level qualifications and 34.9% 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 16, Spalding Way, Chelmsford, the average age was 46.1 and the most common age was 52.
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 16, Spalding Way, Chelmsford, 1.7% 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 16, Spalding Way, Chelmsford, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.