Maldon

Area Guide For Maldon

Maldon is a town on the Blackwater estuary in Essex, England. It is the seat of the Maldon district and starting point of the Chelmer and Blackwater Navigation. Maldon is twinned with the Dutch town of Cuijk. The charter between the two towns was signed in 1970 to cement the relationship. The place-name Maldon is first attested in 913 in the Anglo-Saxon Chronicle, where it appears as Maeldun. Maldon's name comes from Mael meaning 'monument or cross' and dun meaning 'hill', so translates as 'monument on the hill'. East Saxons settled the area in the fifth century and the area to the south is still known as the Dengie peninsula after the Dningas. It became a significant Saxon port with a hythe or quayside and artisan quarters. Evidence of imported pottery from this period has been found in archaeological digs. From 958 there was a royal mint issuing coins for the late Anglo-Saxon and early Norman kings. It was one of the only two towns in Essex (Colchester was the other), and King Edward the Elder is thought to have lived here while combating the Danish settlers who had overrun North Essex and parts of East Anglia. A Viking raid was beaten off in

 
 

Maldon Map

Estimated Price: £298,387
Average Asking Price: £404,959
Price change in last one year: £24,780
Average Price Paid: £240,736
Average Rent Rates: £834

 
 

Property Prices Breakdown in Maldon

Average Price for property in Maldon is around £298,387 which varies based on type of property you are interested in and ranges from £411,227 for detached house to around £243,679 for semi-detached. Similarly terraced house is around £203,446 and a flat is worth £172,208. Values have been changing and have risen £3,065 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,135 in last 6 months, £24,780 in last 1 year, £43,276 in last 2 years, £50,318 in last 3 years, £44,179 in last 4 years and £52,953 in last 5 years.

Currently average asking price of a property in Maldon is around £404,959 based on approximately 426 properties for sale. Same is the case with rental options based on 22 properties up for rent, average asking rent is around £834 per month.

Estimated property value in Maldon is £298,387. Average asking price is £404,959 while average price paid is £262,774 which is up by £24,780 and Avg. asking rent £834.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Maldon area. In last 1 year alone average price buyer paid is around £262,774 based on approximately 426 sales in Maldon area alone. If you compare it to last 3 years sales of 1,333 properties where buyers paid around £247,958. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £240,736 for 2,178 and average amount paid for purchase of approx. 2,944 properties sold in last 7 years comes to about £237,499 per sale.

 
 

Properties For Sale in Maldon

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £120,500, £234,049 for a 2 bedroom house, £312,759 for a 3 bedroom house, £393,440 for a 4 bedroom house and £631,564 for a 5 bedroom house. For a flat similarly the prices varies from £123,624 for a single bedroom to £200,822 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £214,950. To sum up the asking prices for properties in Maldon it comes to around average £122,772 for 1 bedroom property, £226,381 for 2 bedroom, £310,251 for 3 bedroom, £393,440 for 4 bedroom and £631,564 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £888 for 2 bedroom to £874 for 3 bedroom and £1,348 for 4 bedroom. You should be generally be expecting around average £888 rent per month for 2 bedroom property, £874 for 3 bedroom and approximately £1,348 for 4 bedroom property in Maldon area.

Popular Houses in Maldon

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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