According to the public record, 38A, The Street, Witham is a modern apartment with 1,227 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The Street, Wickham Bishops, Witham, CM8 is located in the borough of Maldon within the CM8 postal district.
38A, The Street, Witham has no records in the Land Registry database and a single entry in the EPC database dated June 2020.
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 38A The Street Witham as £216,705 and the rental value as £1,208 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 38A The Street Witham has increased by £3,534 (1.6%) and its rental value has increased by £100 per month (8.3%).
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 38A, The Street, Witham is in very good condition we estimate a sale value of £227,540 and rental value of £1,268 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,536 and a rental value of £1,123 per month.
If you were able to purchase this property for the estimated value of £216,705, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,065 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 the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 38A, The Street, Witham within a radius of 270m over the last 2 years.
The most recent example is 4A, The Street, Witham, CM8 3NN, a Leasehold flat which sold for £183,700 in Sep 2021.
Read more about house prices in CM8.
The Street, Wickham Bishops, Witham, CM8 has a total of 35 addresses. According to our analysis of all the public data, 38A, The Street, Witham is the 10th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £121k less expensive than the average property in CM8.
38A, The Street, Witham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 18 Jun 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 38A, The Street, Witham is Witham station which is 3.8 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 38A, The Street, Witham, 57.8% of property is privately owned outright and 26.6% 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 38A, The Street, Witham, 16.1% of residents are recorded as possessing school level qualifications and 33.2% 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 38A, The Street, Witham, the average age was 46.6 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 38A, The Street, Witham, 2.8% 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 38A, The Street, Witham, there are an average of 1.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.