Market Insights - Maldon

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We

2023 January - December

Property Marketing Insights

Est 1968

Our Beresfords Property Marketing Insights Report for Maldon provides you with area statistics, a review of the Residential Sales and Lettings Market over the last 12 months, and also gives you an insight into property prices in the area over a six year period. Interested in Maldon? Read on for more information.

Maldon tel | 01245 397499


Area Insights | Maldon

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Area Insights - Maldon Maldon is famous for its Sea Salt and beautiful promenade, however it also exhibits a distinctive demographic profile with a population density of 1.7 residents per hectare, reflecting a lower density compared to the broader regional average. In 2021, the community supported a population of 42,360 residents, marking an 8.1% increase over the decade spanning from 2011 to 2021. Demographically, Maldon presents noteworthy features, with 10.7% of its population falling within the 35 to 44 age range, below the regional average. Housing dynamics contribute to this uniqueness, with 26.4% of households comprising single occupants, while 36% accommodate families with children.

Economically, the most predominant industry of employment in Maldon is public administration, education, and health, constituting 23.7% of the working-age population. This underscores the community’s strategic emphasis on sectors integral for public welfare and civic services. In summary, Maldon distinguishes itself with a discernible demographic composition, characterised by lower population density, a specific age distribution, and a strategic focus on key employment sectors. These factors contribute to Maldon’s unique identity within the broader regional context.

Maldon Residential Sales Overview •

Over the last 12 months the average sales price in Maldon was £372,688. The total value of sales was £165,483,547. 10% of sales in the past 12 months were flats, achieving an average sales price of £178,230. Houses achieved an average price of £405,257.

The highest value recorded by the Land Registry over the past 12 months was £510,000 for a flat and £1,950,000 for a house.

We love that Maldon is steeped in history with settlements dating back to the Middle Bronze Age 3,500 years ago. The town is full of character with its local shops. Promenade Park is always full of energy, perfect for a family day out and unlike most Essex waterside towns it is easy to get around the region by accessing the nearby A12. Neil McAninch Branch Manager beresfords.co.uk


Sales | Maldon

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Average Sales Prices The chart below shows the average sales prices in Maldon for all properties from January 2018 (£309,241) to October 2023 (£369,538).

Change in prices compared to July 2022

Beresfords 2023 Statistics

15,171

384,652

New buyers registered

Unique visitors to our website

99% of asking price achieved

15,851 New tenants registered

beresfords.co.uk


Lettings | Maldon

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Maldon Residential Lettings Overview •

Over the last 12 months, the average rent achieved for homes let in Maldon was £1,067 per month. This is a +6% change on the previous 12 month period.

38% of homes let in the past 12 months were flats, achieving an average rental value of £874 per month. Houses achieved an average rent of £1,195 per month. 19% of renters are aged between 25 and 29.

Below shows the average rental figures achieved in Maldon by property type.

Below shows the average rental figures achieved in Maldon by property type.

Independent Mortgage & Protection Advisers

Let Flagstone do the work! At Flagstone we like to build relationships and love nothing more than helping returning clients with their ongoing mortgage and protection needs. To find out how Flagstone can help you, call to book your FREE appointment on:

01245 955749 beresfords.co.uk


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