According to the public record, 40, Markland Close, Chelmsford is a mid-century freehold house and with 839 ft2 of internal area and sits on a 165 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Markland Close, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
40, Markland Close, Chelmsford has 41 entries in the Land Registry database, most recently in February 2015 and a single entry in the EPC database dated September 2014.
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 40 Markland Close Chelmsford as £272,677 and the rental value as £1,292 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 40 Markland Close Chelmsford has decreased by £4,964 (1.8%) and its rental value has increased by £56 per month (4.3%).
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 40, Markland Close, Chelmsford is in very good condition we estimate a sale value of £286,311 and rental value of £1,357 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £253,590 and a rental value of £1,202 per month.
If you were able to purchase this property for the estimated value of £272,677, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,340 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, 40, Markland Close, Chelmsford sits on a plot of 165m2.
We have plot size data on 14 out of 31 other houses in the postcode and 40, Markland Close, Chelmsford sits on the 11th largest plot.
According to HM Land Registry, 40, Markland Close, Chelmsford was last sold on 02 Feb 2015 for £222,500 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Feb 2015, the market for similar properties has risen 34.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Markland Close, Chelmsford within a radius of 87m over the last 2 years.
The most recent example is 23, Pryors Road, Chelmsford, CM2 8SA, a Freehold house which sold for £365,000 in Oct 2022.
Read more about house prices in CM2.
Markland Close, Chelmsford, CM2 has a total of 31 addresses. According to our analysis of all the public data, 40, Markland Close, Chelmsford is the 28th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in CM2.
40, Markland Close, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Sep 2014.
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 40, Markland Close, Chelmsford is Chelmsford station which is 4.1 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 40, Markland Close, Chelmsford, 50.8% of property is privately owned outright and 30.0% 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 40, Markland Close, Chelmsford, 15.0% of residents are recorded as possessing school level qualifications and 29.6% 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 40, Markland Close, Chelmsford, the average age was 44 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 40, Markland Close, Chelmsford, 0.0% 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 40, Markland Close, Chelmsford, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.