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4 Cromar Way is a residential building situated on Cromar Way, Chelmsford, CM1 with 2 addresses.
It ranks as the 173rd largest and 551st most expensive of the 579 buildings in the CM1 area.
The building contains a total of 2 properties: 2 flats.
4 Cromar Way is a residential building situated on Cromar Way, Chelmsford, CM1 with 2 addresses.
It ranks as the 173rd largest and 551st most expensive of the 579 buildings in the CM1 area.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £212,391 for 2 bedroom leasehold flats (473 ft2) to £570,999 for 5 bedroom freehold houses with a garden (2,140 ft2) .
Monthly rental prices range from £1,186 pcm for 2 bed flats to £2,524 pcm for 5 bed houses.
The gross rental yield is between 5.3% and 6.7%.
The average value per square foot is £357.
The last sale in 4 Cromar Way sold for £472,937 on 27th June 2008. Since then prices are up an average of 55.0%.
The current average value in the building is £391,695.
The 4 Cromar Way Sales Market has increased by 17.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1% | £391,695 |
| May 2025 | 1.3% | £395,663 |
| May 2024 | -2.2% | £390,582 |
| May 2023 | 0.3% | £399,333 |
| May 2022 | 6.7% | £398,048 |
| May 2021 | 4.3% | £372,974 |
| May 2020 | 1.1% | £357,744 |
| May 2019 | -0.3% | £353,914 |
| May 2018 | 0.2% | £354,979 |
| May 2017 | 5.8% | £354,210 |
| May 2016 | 11.5% | £334,852 |
| May 2015 | 9.9% | £300,356 |
| May 2014 | 9.2% | £273,313 |
| May 2013 | 0.5% | £250,272 |
| May 2012 | 1.1% | £249,055 |
| May 2011 | 0.8% | £246,356 |
| May 2010 | 7.8% | £244,298 |
| May 2009 | -11.1% | £226,626 |
| May 2008 | -0.9% | £255,015 |
| May 2007 | 0% | £257,273 |
The current average rental value in the building is £1,855.
The 4 Cromar Way Rental Market has increased by 48.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.3% | £1,855pcm |
| May 2025 | 4.2% | £1,797pcm |
| May 2024 | 8.8% | £1,724pcm |
| May 2023 | 10% | £1,584pcm |
| May 2022 | 5.3% | £1,441pcm |
| May 2021 | 4.5% | £1,368pcm |
| May 2020 | 1.7% | £1,309pcm |
| May 2019 | 1.6% | £1,288pcm |
| May 2018 | -0.8% | £1,268pcm |
| May 2017 | 2.2% | £1,277pcm |
| May 2016 | 4.1% | £1,250pcm |
| May 2015 | 3.9% | £1,200pcm |
| May 2014 | 4% | £1,155pcm |
| May 2013 | 2% | £1,111pcm |
| May 2012 | 1.4% | £1,088pcm |
| May 2011 | 3.3% | £1,073pcm |
| May 2010 | 4.5% | £1,039pcm |
| May 2009 | -6.2% | £994pcm |
| May 2008 | 5.3% | £1,060pcm |
| May 2007 | 0% | £1,007pcm |
The last sale was on 27th June 2008 for £472,937 and since then the market in the area has increased by 55.0%. The building has had a total of 1 sales since 1995.
4, Cromar Way, Chelmsford, CM1 2GL has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 4, Cromar Way, Chelmsford, CM1 2GL is Chelmsford station which is 1.1 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 4, Cromar Way, Chelmsford, CM1 2GL, 50.0% of property is privately rented and 36.2% is privately owned with a mortgage.
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 4, Cromar Way, Chelmsford, CM1 2GL, 12.8% of residents are recorded as possessing school level qualifications and 52.7% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 4, Cromar Way, Chelmsford, CM1 2GL, the average age was 38.2 and the most common age was 32.
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 4, Cromar Way, Chelmsford, CM1 2GL, 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 4, Cromar Way, Chelmsford, CM1 2GL, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.