2, Palmer Lane
2, Palmer Lane
Description & Estimates
2, Palmer Lane, Maldon is recorded publicly as a modern freehold house across 1,001 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, Palmer Lane, Maldon is £457,799 and its rental estimate is £1,840 per month, given the available information and assuming reasonable condition.
Palmer Lane, Maldon, CM9 falls within the CM9 postal district, in the borough of Maldon.
Our Data Sources
2, Palmer Lane, Maldon has a single entry in the Land Registry from August 2023 and a single entry in the EPC database dated July 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Palmer Lane, Maldon, we estimate a market value of £480,689 and a rental value of £1,932 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £425,753 and £1,712 per month respectively.
Recent Market Change
Over the last year, 2, Palmer Lane, Maldon has seen its estimated sale value decrease by £6,038 (1.3%) and its estimated rental value grow by £55 per month (3.0%). This results in an estimated gross rental yield of 4.8%.
Energy Efficiency
2, Palmer Lane, Maldon has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Jul 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 2, Palmer Lane, Maldon completed on 11th August 2023 at £421,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 15.9% over the period since August 2023.
- Sold Aug 2023£421,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Palmer Lane, Maldon have sold within a radius of 1.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 26th April 2024, was 1, Wigmore Avenue, Maldon, CM9 6LQ, a freehold house which sold for £409,450.
Read more about house prices in CM9.
- Sold Apr 2024£409,450 | 3 Bed House1, Wigmore Avenue, Maldon, CM9 6LQ1, Wigmore Avenue, Maldon, CM9 6LQ
- Sold Sep 2023£420,000 | 3 Bed House2, Gifford Close, Maldon, CM9 6JP2, Gifford Close, Maldon, CM9 6JP
- Sold Feb 2023£450,000 | 3 Bed House1, Palmer Lane, Maldon, CM9 6GQ1, Palmer Lane, Maldon, CM9 6GQ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 24 addresses on Palmer Lane, Maldon, CM9, 2, Palmer Lane, Maldon comes out as the 11th largest and the 11th most expensive in our analysis of the public data.
It is also £56k more expensive than the average property across the CM9 district.
More reading links
Schools Nearby
- 400mLimebrook Primary School and Nursery
- 1.1kmWentworth Primary School
- 1.9kmAll Saints Maldon Church of England Voluntary Controlled Primary School
- 2.0kmPlume School
- 8.1kmWilliam de Ferrers School
- 9.4kmLift Maltings
More reading links
Public Transport Nearby
From 2, Palmer Lane, Maldon, the nearest station is North Fambridge, 7.4 kilometres away.
- 7.4kmNorth Fambridge
- 8.1kmSouth Woodham Ferrers
- 8.7kmHatfield Peverel
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
