3, Markwell Place
3, Markwell Place
Description & Estimates
3, Markwell Place, Bishop's Stortford is recorded publicly as a modern freehold house across 3,369 ft2 of internal area, sitting on a 953 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 3, Markwell Place, Bishop's Stortford is £444,050 and its rental estimate is £2,053 per month, given the available information and assuming reasonable condition.
Markwell Place, Bishop's Stortford, CM23 falls within the CM23 postal district, in the borough of East Hertfordshire.
Our Data Sources
3, Markwell Place, Bishop's Stortford has a single entry in the Land Registry from December 2012 and a single entry in the EPC database dated November 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 3, Markwell Place, Bishop's Stortford, we estimate a market value of £466,252 and a rental value of £2,155 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £412,966 and £1,909 per month respectively.
Recent Market Change
Over the last year, 3, Markwell Place, Bishop's Stortford has seen its estimated sale value move down by £15,596 (3.5%) and its estimated rental value increase by £44 per month (2.1%). This results in an estimated gross rental yield of 5.5%.
Plot Size
HM Land Registry records the plot of land for 3, Markwell Place, Bishop's Stortford as measuring 953 m2.
That makes it the largest plot in the postcode, where all 6 other houses have recorded plot data.
Energy Efficiency
3, Markwell Place, Bishop's Stortford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Nov 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 3, Markwell Place, Bishop's Stortford completed on 14th December 2012 at £240,000 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 risen by 26.4% over the period since December 2012.
- Sold Dec 2012£240,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Markwell Place, Bishop's Stortford have sold within a radius of 630 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th September 2013, was 1, Markwell Place, Bishop's Stortford, CM23 2FQ, a freehold house which sold for £340,000.
Read more about house prices in CM23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 6 addresses on Markwell Place, Bishop's Stortford, CM23, 3, Markwell Place, Bishop's Stortford comes out as the largest and the most expensive in our analysis of the public data.
It is also £30k less expensive than the average property across the CM23 district.
More reading links
Schools Nearby
- 300mWindhill21
- 400mSt Michael's Church of England Primary School
- 400mSt Joseph's Catholic Primary School B/S
- 100mSt Mary's Catholic School
- 1.3kmHockerill Anglo-European College
- 1.4kmThe Hertfordshire & Essex High School and Science College
More reading links
Public Transport Nearby
From 3, Markwell Place, Bishop's Stortford, the nearest station is Bishops Stortford, 1.0 kilometres away.
- 1.0kmBishops Stortford
- 4.7kmStansted Mountfitchet
- 6.4kmSawbridgeworth
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
