2 Banham Drive

    2, BANHAM DRIVE, SPRINGFIELD, CHELMSFORD, CM1 6HA

    This flat/maisonette leasehold property on Banham Drive last sold in March 2024 for £264,995. Based on price growth in the CM1 district since then, its estimated current value is £263,361 — placing it in the 41st percentile nationally and the 18th percentile within CM1. The property covers 50 m² (538 sq ft), giving an estimated value of £5,267 per m². The EPC rating is B, with a potential rating of B.

    See wider trends for Banham Drive →

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    538 sq ft

    50 m²

    Last Sale Price

    £264,995

    Mar 2024

    Estimated Valuation

    £263,361

    Est. £/sq ft

    £489/sq ft

    £5,267/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction age2023
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialB
    Floor area538 sq ft (50 m²)
    EPC dateFeb 2024
    WallsAverage thermal transmittance 0.23 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    27 Mar 2024

    New build

    £264,995

    Key Metrics

    Estimated valuation£263,361
    Value per sq ft / m²£489/sq ft (£5,267/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile18th percentile
    National percentile41st percentile

    District Context — CM1

    See wider trends for 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

    £421,421

    72

    National percentile

    12 month avg at 31 Aug 2026

    Average Net Household Income - CM1

    £36,171

    39

    National percentile

    2023 census data

    10-Year Annualised Price Growth - CM1

    2.6%

    37

    National percentile

    Estimate at 31 Aug 2026

    10-Year Annualised Rent Growth - CM

    3.9%

    54

    National percentile

    Estimate at 31 Aug 2026

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