2 Penzance Close

    2, PENZANCE CLOSE, CHELMSFORD, CM1 6JJ

    This semi-detached freehold property on Penzance Close last sold in December 2024 for £520,000. Based on price growth in the CM1 district since then, its estimated current value is £540,885 — placing it in the 82nd percentile nationally and the 75th percentile within CM1. The property covers 129 m² (1,389 sq ft), giving an estimated value of £4,193 per m². The EPC rating is C, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    1,389 sq ft

    129 m²

    Last Sale Price

    £520,000

    Dec 2024

    Estimated Valuation

    £540,885

    Est. £/sq ft

    £390/sq ft

    £4,193/m²

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms7
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,389 sq ft (129 m²)
    EPC dateMar 2024
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    12 Dec 2024

    £520,000

    15 Oct 1999

    £101,995

    Key Metrics

    Estimated valuation£540,885
    Value per sq ft / m²£390/sq ft (£4,193/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile75th percentile
    National percentile82nd 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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