37 Banham Drive

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

    This detached freehold property on Banham Drive last sold in October 2023 for £499,995. Based on price growth in the CM1 district since then, its estimated current value is £502,539 — placing it in the 79th percentile nationally and the 69th percentile within CM1. The property covers 84 m² (904 sq ft), giving an estimated value of £5,983 per m². The EPC rating is B, with a potential rating of A.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    904 sq ft

    84 m²

    Last Sale Price

    £499,995

    Oct 2023

    Estimated Valuation

    £502,539

    Est. £/sq ft

    £556/sq ft

    £5,983/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction age2023
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area904 sq ft (84 m²)
    EPC dateSept 2023
    WallsAverage thermal transmittance 0.24 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    27 Oct 2023

    New build

    £499,995

    Key Metrics

    Estimated valuation£502,539
    Value per sq ft / m²£556/sq ft (£5,983/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile69th percentile
    National percentile79th 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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