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1 Rectory Lane is a residential building situated on Rectory Lane, Chelmsford, CM1 with 22 addresses.
It ranks as the 541st largest and 167th most expensive of the 579 buildings in the CM1 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 22 properties: 22 flats.
1 Rectory Lane is a residential building situated on Rectory Lane, Chelmsford, CM1 with 22 addresses.
It ranks as the 541st largest and 167th most expensive of the 579 buildings in the CM1 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 22 properties: 22 flats.
Sale prices range from £186,290 for 1 bedroom leasehold flats (441 ft2) to £242,307 for 2 bedroom leasehold flats (753 ft2) .
Monthly rental prices range from £1,073 pcm for 1 bed flats to £1,268 pcm for 2 bed flats.
The gross rental yield is between 6.3% and 7.1%.
The average value per square foot is £398.
The last sale in 1 Rectory Lane sold for £192,000 on 31st March 2022. Since then prices are down an average of 2.7%.
The current average value in the building is £205,025.
The 1 Rectory Lane Sales Market has increased by 8.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.7% | £205,025 |
| May 2025 | 0.7% | £208,473 |
| May 2024 | -2.2% | £207,025 |
| May 2023 | 0.1% | £211,574 |
| May 2022 | 5.1% | £211,444 |
| May 2021 | 1.8% | £201,150 |
| May 2020 | 1.2% | £197,553 |
| May 2019 | -1.4% | £195,136 |
| May 2018 | -0.3% | £197,913 |
| May 2017 | 5.3% | £198,486 |
| May 2016 | 11.7% | £188,573 |
| May 2015 | 9.5% | £168,756 |
| May 2014 | 8.9% | £154,137 |
| May 2013 | 0.3% | £141,546 |
| May 2012 | 0.9% | £141,079 |
| May 2011 | 0.2% | £139,761 |
| May 2010 | 6.8% | £139,448 |
| May 2009 | -12.8% | £130,545 |
| May 2008 | -2.3% | £149,666 |
| May 2007 | 0% | £153,161 |
The current average rental value in the building is £1,165.
The 1 Rectory Lane Rental Market has increased by 36.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.5% | £1,165pcm |
| May 2025 | 3.1% | £1,137pcm |
| May 2024 | 9.2% | £1,103pcm |
| May 2023 | 9.2% | £1,010pcm |
| May 2022 | 4.1% | £925pcm |
| May 2021 | 1.9% | £888pcm |
| May 2020 | 1.6% | £872pcm |
| May 2019 | 0.8% | £858pcm |
| May 2018 | -1.2% | £851pcm |
| May 2017 | 1.1% | £861pcm |
| May 2016 | 4.3% | £852pcm |
| May 2015 | 3.6% | £817pcm |
| May 2014 | 3.8% | £788pcm |
| May 2013 | 2.1% | £760pcm |
| May 2012 | 1.3% | £744pcm |
| May 2011 | 1.9% | £735pcm |
| May 2010 | 3.3% | £721pcm |
| May 2009 | -7.4% | £698pcm |
| May 2008 | 4.3% | £754pcm |
| May 2007 | 0% | £723pcm |
The last sale was on 31st March 2022 for £192,000 and since then the market in the area has decreased by 2.7%. The building has had a total of 3 sales since 1995.
1, Rectory Lane, Chelmsford, CM1 1RR has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 1, Rectory Lane, Chelmsford, CM1 1RR is Chelmsford station which is 600 metres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Rectory Lane, Chelmsford, CM1 1RR, % of property is and % is .
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Rectory Lane, Chelmsford, CM1 1RR, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Rectory Lane, Chelmsford, CM1 1RR, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Rectory Lane, Chelmsford, CM1 1RR, there are an average of 0.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.