16 Bankart Lane

    16, BANKART LANE, CHELMSFORD, CHELMSFORD, CM2 6TZ

    This terraced freehold property on Bankart Lane last sold in July 2007 for £247,000. Based on price growth in the CM2 district since then, its estimated current value is £435,264 — placing it in the 72nd percentile nationally and the 59th percentile within CM2. The property covers 75 m² (807 sq ft), giving an estimated value of £5,804 per m². The EPC rating is E, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    807 sq ft

    75 m²

    Last Sale Price

    £247,000

    Jul 2007

    Estimated Valuation

    £435,264

    Est. £/sq ft

    £539/sq ft

    £5,804/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms4
    Main fuelelectricity (not community)
    EPC currentE
    EPC potentialC
    Floor area807 sq ft (75 m²)
    EPC dateJul 2022
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    12 Jul 2007

    £247,000

    2 Feb 2001

    £94,000

    27 May 1999

    £73,995

    Key Metrics

    Estimated valuation£435,264
    Value per sq ft / m²£539/sq ft (£5,804/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM2 district percentile59th percentile
    National percentile72nd percentile

    District Context — CM2

    CM2 covers Chelmsford and its surrounding villages in Essex, situated north-east of London. It is a well-established suburban and commuter area with a mix of family homes, modern developments, and countryside appeal.

    Average Property Price - CM2

    £402,507

    67

    National percentile

    Average Net Household Income - CM2

    £33,933

    25

    National percentile

    10-Year Annualised Price Growth - CM2

    3.2%

    35

    National percentile

    10-Year Annualised Rent Growth - CM

    4.2%

    67

    National percentile

    View full analysis for CM2

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