According to the public record, 2, Spalding Way, Chelmsford is a mid-century house with 1,722 ft2 of internal area and sits on a 376 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Spalding Way, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
2, Spalding Way, Chelmsford has no records in the Land Registry database and a single entry in the EPC database dated March 2024.
We combine this information with public data 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 2 Spalding Way Chelmsford as £653,086 and the rental value as £2,284 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of 2 Spalding Way Chelmsford has decreased by £9,118 (1.4%) and its rental value has increased by £112 per month (4.9%).
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 2, Spalding Way, Chelmsford is in very good condition we estimate a sale value of £685,740 and rental value of £2,398 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £607,370 and a rental value of £2,124 per month.
If you were able to purchase this property for the estimated value of £653,086, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,210 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, 2, Spalding Way, Chelmsford sits on a plot of 376m2.
We have plot size data on 26 out of 45 other houses in the postcode and 2, Spalding Way, Chelmsford sits on the 19th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Spalding Way, Chelmsford within a radius of 780 metres over the last 2 years.
The most recent example is 20, Longmead Avenue, Chelmsford, CM2 7EG, a Freehold house which sold for £620,000 in Jun 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 780 metres radius of 2, 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, 2, Spalding Way, Chelmsford is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £252k more expensive than the average property in CM2.
2, Spalding Way, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Mar 2024.
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 2, 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 2, 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 2, 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 2, 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 2, 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 2, 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.