According to the public record, May Tree Cottage, Witham is a mid-century freehold house and with 2,098 ft2 of internal area and sits on a 830 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Braxted Road, Little Braxted, Witham, CM8 is located in the borough of Maldon within the CM8 postal district.
May Tree Cottage, Witham has 21 entries in the Land Registry database, most recently in December 2022 and 2 entries in the EPC database, most recently in April 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 May Tree Cottage Witham as £895,180 and the rental value as £2,700 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of May Tree Cottage Witham has decreased by £8,740 (1.0%) and its rental value has increased by £149 per month (5.5%).
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 May Tree Cottage, Witham is in very good condition we estimate a sale value of £939,939 and rental value of £2,834 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £832,518 and a rental value of £2,511 per month.
If you were able to purchase this property for the estimated value of £895,180, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,400 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, May Tree Cottage, Witham sits on a plot of 830m2.
We have plot size data on 8 out of 12 other houses in the postcode and May Tree Cottage, Witham sits on the 7th largest plot.
According to HM Land Registry, May Tree Cottage, Witham was last sold on 09 Dec 2022 for £885,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2022, the market for similar properties has dropped 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to May Tree Cottage, Witham within a radius of 138m over the last 2 years.
The most recent example is The White House, Kelvedon Road, Witham, CM8 3LE, a Freehold house which sold for £1,200,000 in Jan 2021.
Read more about house prices in CM8.
Braxted Road, Little Braxted, Witham, CM8 has a total of 13 addresses. According to our analysis of all the public data, May Tree Cottage, Witham is the 6th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £557k more expensive than the average property in CM8.
May Tree Cottage, Witham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Apr 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to May Tree Cottage, Witham is Witham station which is 3.9 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 May Tree Cottage, Witham, 55.2% of property is privately owned outright and 34.5% 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 May Tree Cottage, Witham, 17.9% of residents are recorded as possessing school level qualifications and 32.5% 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 May Tree Cottage, 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 May Tree Cottage, Witham, 1.2% 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 May Tree Cottage, Witham, there are an average of 2.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.