3 Markland Close

    3, MARKLAND CLOSE, CHELMSFORD, CM2 8RZ

    This terraced freehold property on Markland Close last sold in December 2024 for £340,000. Based on price growth in the CM2 district since then, its estimated current value is £351,044 — placing it in the 59th percentile nationally and the 36th percentile within CM2. The property covers 71 m² (764 sq ft), giving an estimated value of £4,944 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    764 sq ft

    71 m²

    Last Sale Price

    £340,000

    Dec 2024

    Estimated Valuation

    £351,044

    Est. £/sq ft

    £459/sq ft

    £4,944/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area764 sq ft (71 m²)
    EPC dateApr 2024
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    6 Dec 2024

    £340,000

    Key Metrics

    Estimated valuation£351,044
    Value per sq ft / m²£459/sq ft (£4,944/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM2 district percentile36th percentile
    National percentile59th 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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