According to the public record, 196, Maltings Lane, Witham is a mid-century freehold house and with 796 ft2 of internal area and sits on a 226 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Maltings Lane, Witham, CM8 is located in the borough of Braintree within the CM8 postal district.
196, Maltings Lane, Witham has 31 entries in the Land Registry database, most recently in November 2018 and a single entry in the EPC database dated March 2018.
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 196 Maltings Lane Witham as £312,976 and the rental value as £1,335 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 196 Maltings Lane Witham has decreased by £1,236 (0.4%) and its rental value has increased by £87 per month (6.5%).
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 196, Maltings Lane, Witham is in very good condition we estimate a sale value of £328,625 and rental value of £1,402 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £291,068 and a rental value of £1,242 per month.
If you were able to purchase this property for the estimated value of £312,976, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,538 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, 196, Maltings Lane, Witham sits on a plot of 226m2.
We have plot size data on 19 out of 34 other houses in the postcode and 196, Maltings Lane, Witham sits on the 12th largest plot.
According to HM Land Registry, 196, Maltings Lane, Witham was last sold on 02 Nov 2018 for £300,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Nov 2018, the market for similar properties has risen 15.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 196, Maltings Lane, Witham within a radius of 139m over the last 2 years.
The most recent example is 39, Pitt Avenue, Witham, CM8 1JQ, a Freehold house which sold for £350,000 in Nov 2023.
Read more about house prices in CM8.
Maltings Lane, Witham, CM8 has a total of 100 addresses. According to our analysis of all the public data, 196, Maltings Lane, Witham is the 61st largest and the 64th most expensive property on the street.
When compared to the postcode district it is £25k less expensive than the average property in CM8.
196, Maltings Lane, Witham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Mar 2018.
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 196, Maltings Lane, Witham is Witham station which is 1.8 km 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 196, Maltings Lane, Witham, 38.7% of property is privately owned outright and 32.9% 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 196, Maltings Lane, Witham, 15.7% of residents are recorded as possessing school level qualifications and 18.4% 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 196, Maltings Lane, Witham, the average age was 44.1 and the most common age was 57.
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 196, Maltings Lane, Witham, 0.6% 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 196, Maltings Lane, Witham, 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.