40 First Avenue

    40, FIRST AVENUE, CHELMSFORD, CM1 1RU

    This semi-detached freehold property on First Avenue last sold in September 2016 for £580,000. Based on price growth in the CM1 district since then, its estimated current value is £743,855 — placing it in the 91st percentile nationally and the 91st percentile within CM1. The property covers 129 m² (1,389 sq ft), giving an estimated value of £5,766 per m². The EPC rating is D, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    1,389 sq ft

    129 m²

    Last Sale Price

    £580,000

    Sept 2016

    Estimated Valuation

    £743,855

    Est. £/sq ft

    £536/sq ft

    £5,766/m²

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area1,389 sq ft (129 m²)
    EPC dateJun 2013
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    23 Sept 2016

    £580,000

    17 Jul 2008

    £305,000

    Key Metrics

    Estimated valuation£743,855
    Value per sq ft / m²£536/sq ft (£5,766/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile91st percentile
    National percentile91st 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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