Octaville Bakers Lane

    OCTAVILLE, BAKERS LANE, WEST HANNINGFIELD, CHELMSFORD, CM2 8LE

    This detached freehold property on Bakers Lane last sold in November 2022 for £533,000. Based on price growth in the CM2 district since then, its estimated current value is £476,491 — placing it in the 77th percentile nationally and the 69th percentile within CM2. The property covers 68 m² (732 sq ft), giving an estimated value of £7,007 per m². The EPC rating is F, with a potential rating of A.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    732 sq ft

    68 m²

    Last Sale Price

    £533,000

    Nov 2022

    Estimated Valuation

    £476,491

    Est. £/sq ft

    £651/sq ft

    £7,007/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentF
    EPC potentialA
    Floor area732 sq ft (68 m²)
    EPC dateOct 2018
    WallsSolid brick, as built, no insulation (assumed)
    HeatingElectric storage heaters

    Transaction History

    23 Nov 2022

    £533,000

    Key Metrics

    Estimated valuation£476,491
    Value per sq ft / m²£651/sq ft (£7,007/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM2 district percentile69th percentile
    National percentile77th 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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