According to the public record, 37, Spalding Way, Chelmsford is a mid-century freehold house with 1,560 ft2 of internal area and sits on a 741 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.
37, Spalding Way, Chelmsford has 2 entries in the Land Registry database, most recently in May 2018 and a single entry in the EPC database dated November 2017.
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 37 Spalding Way Chelmsford as £609,907 and the rental value as £2,082 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 37 Spalding Way Chelmsford has decreased by £6,118 (1.0%) and its rental value has increased by £111 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 37, Spalding Way, Chelmsford is in very good condition we estimate a sale value of £640,402 and rental value of £2,186 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £567,213 and a rental value of £1,937 per month.
If you were able to purchase this property for the estimated value of £609,907, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,998 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, 37, Spalding Way, Chelmsford sits on a plot of 741m2.
We have plot size data on 26 out of 45 other houses in the postcode and 37, Spalding Way, Chelmsford sits on the 4th largest plot.
According to HM Land Registry, 37, Spalding Way, Chelmsford was last sold on 25 May 2018 for £590,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2018, the market for similar properties has risen 11.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 37, Spalding Way, Chelmsford within a radius of 820 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 820 metres radius of 37, 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, 37, Spalding Way, Chelmsford is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £209k more expensive than the average property in CM2.
37, Spalding Way, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Nov 2017.
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 37, 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 37, 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 37, 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 37, 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 37, 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 37, 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.