Flat 1 56 New Street

    FLAT 1 56, NEW STREET, CHELMSFORD, CM1 1NE

    This flat/maisonette leasehold property on New Street last sold in November 2017 for £297,000. Based on price growth in the CM1 district since then, its estimated current value is £313,026 — placing it in the 52nd percentile nationally and the 24th percentile within CM1. The property covers 58 m² (624 sq ft), giving an estimated value of £5,397 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    624 sq ft

    58 m²

    Last Sale Price

    £297,000

    Nov 2017

    Estimated Valuation

    £313,026

    Est. £/sq ft

    £501/sq ft

    £5,397/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms2
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area624 sq ft (58 m²)
    EPC dateApr 2024
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    17 Nov 2017

    New build

    £297,000

    Key Metrics

    Estimated valuation£313,026
    Value per sq ft / m²£501/sq ft (£5,397/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile24th percentile
    National percentile52nd percentile

    District Context — CM1

    CM1 covers Chelmsford town centre and its immediate surroundings in Essex, located roughly 30 miles northeast of London. It is a established residential and commercial district with strong local amenities and commuter appeal.

    Average Property Price - CM1

    £436,548

    73

    National percentile

    Average Net Household Income - CM1

    £36,171

    39

    National percentile

    10-Year Annualised Price Growth - CM1

    3.8%

    58

    National percentile

    10-Year Annualised Rent Growth - CM

    4.2%

    67

    National percentile

    View full analysis for CM1

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