1 Searle Close

    1, SEARLE CLOSE, CHELMSFORD, CM2 9GB

    This flat/maisonette leasehold property on Searle Close last sold in May 2023 for £120,000. Based on price growth in the CM2 district since then, its estimated current value is £119,202 — placing it in the 7th percentile nationally and the 1st percentile within CM2. The property covers 39 m² (420 sq ft), giving an estimated value of £3,056 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    420 sq ft

    39 m²

    Last Sale Price

    £120,000

    May 2023

    Estimated Valuation

    £119,202

    Est. £/sq ft

    £284/sq ft

    £3,056/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area420 sq ft (39 m²)
    EPC dateMar 2022
    WallsCavity wall, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    9 May 2023

    £120,000

    20 Jun 2019

    £115,000

    12 Dec 2016

    £110,000

    8 Sept 2011

    £75,000

    24 Nov 2005

    £170,000

    Key Metrics

    Estimated valuation£119,202
    Value per sq ft / m²£284/sq ft (£3,056/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM2 district percentile1st percentile
    National percentile7th 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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