According to the public record, 40B, Maltese Road, Chelmsford is a mid-century freehold house and with 376 ft2 of internal area and sits on a 40.6 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Maltese Road, Chelmsford, CM1 is located in the borough of Chelmsford within the CM1 postal district.
40B, Maltese Road, Chelmsford has a single entry in the Land Registry database from March 2023 and 2 entries in the EPC database, most recently in July 2022.
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 40B Maltese Road Chelmsford as £277,546 and the rental value as £1,033 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 40B Maltese Road Chelmsford has decreased by £5,569 (2.0%) and its rental value has increased by £41 per month (4.0%).
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 40B, Maltese Road, Chelmsford is in very good condition we estimate a sale value of £291,423 and rental value of £1,084 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £258,118 and a rental value of £961 per month.
If you were able to purchase this property for the estimated value of £277,546, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,364 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, 40B, Maltese Road, Chelmsford sits on a plot of 41m2.
We have plot size data on 17 out of 32 other houses in the postcode and 40B, Maltese Road, Chelmsford sits on the 16th largest plot.
According to HM Land Registry, 40B, Maltese Road, Chelmsford was last sold on 31 Mar 2023 for £190,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2023, the market for similar properties has dropped 3.8%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 40B, Maltese Road, Chelmsford within a radius of 409m over the last 2 years.
The most recent example is 22, Broomfield Road, Chelmsford, CM1 1SW, a Freehold house which sold for £145,000 in Jun 2007.
Read more about house prices in CM1.
Maltese Road, Chelmsford, CM1 has a total of 68 addresses. According to our analysis of all the public data, 40B, Maltese Road, Chelmsford is the 64th largest and the 67th most expensive property on the street.
When compared to the postcode district it is £124k less expensive than the average property in CM1.
40B, Maltese Road, Chelmsford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Jul 2022.
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 40B, Maltese Road, Chelmsford is Chelmsford station which is 700 m 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 40B, Maltese Road, Chelmsford, 41.9% of property is privately owned with a mortgage and 32.9% is privately owned outright.
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 40B, Maltese Road, Chelmsford, 20.7% of residents are recorded as possessing school level qualifications and 55.1% 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 40B, Maltese Road, Chelmsford, the average age was 38.2 and the most common age was 32.
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 40B, Maltese Road, Chelmsford, 0.9% 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 40B, Maltese Road, Chelmsford, 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.