16 Searle Close

    16, SEARLE CLOSE, CHELMSFORD, CM2 9GB

    This flat/maisonette leasehold property on Searle Close last sold in January 2022 for £240,000. Based on price growth in the CM2 district since then, its estimated current value is £203,552 — placing it in the 25th percentile nationally and the 11th percentile within CM2. The property covers 56 m² (603 sq ft), giving an estimated value of £3,635 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    603 sq ft

    56 m²

    Last Sale Price

    £240,000

    Jan 2022

    Estimated Valuation

    £203,552

    Est. £/sq ft

    £338/sq ft

    £3,635/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area603 sq ft (56 m²)
    EPC dateSept 2017
    WallsCavity wall, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    14 Jan 2022

    £240,000

    21 May 2018

    £225,000

    25 Nov 2005

    New build

    £189,995

    Key Metrics

    Estimated valuation£203,552
    Value per sq ft / m²£338/sq ft (£3,635/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM2 district percentile11th percentile
    National percentile25th 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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