2 Grantham Drive

    2, GRANTHAM DRIVE, SPRINGFIELD, CHELMSFORD, CM1 6DY

    This detached freehold property on Grantham Drive last sold in September 2021 for £492,500. Based on price growth in the CM1 district since then, its estimated current value is £530,885 — placing it in the 81st percentile nationally and the 73rd percentile within CM1. The property covers 110 m² (1,184 sq ft), giving an estimated value of £4,826 per m². The EPC rating is B, with a potential rating of A.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,184 sq ft

    110 m²

    Last Sale Price

    £492,500

    Sept 2021

    Estimated Valuation

    £530,885

    Est. £/sq ft

    £448/sq ft

    £4,826/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formMid-Terrace
    Construction age2021
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area1,184 sq ft (110 m²)
    EPC dateMay 2021
    WallsAverage thermal transmittance 0.21 W/m
    HeatingBoiler and radiators, mains gas

    Transaction History

    29 Sept 2021

    New build

    £492,500

    Key Metrics

    Estimated valuation£530,885
    Value per sq ft / m²£448/sq ft (£4,826/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile73rd percentile
    National percentile81st 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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