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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 1, Buchanan Way, Chelmsford is a modern leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Buchanan Way, Chelmsford is £166,400 and the estimated rental value is £939 per month.
Buchanan Way, Latchingdon, Chelmsford, CM3 is located in the borough of Maldon within the CM3 postal district.
1, Buchanan Way, Chelmsford has a single entry in the Land Registry from July 2024 and a single entry in the EPC database dated August 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Buchanan Way, Chelmsford is in very good condition we estimate a sale value of £174,720 and a rental value of £986 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £154,752 and a rental value of £873 per month.
Over the last 12 months the sale value of 1 Buchanan Way Chelmsford has decreased by an estimated £2,062 (1.2%) and its rental value has increased by an estimated £25 per month (2.7%), giving an expected gross yield of 6.8%.
1, Buchanan Way, Chelmsford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 19 Aug 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using No system present: electric heaters assumed.
According to HM Land Registry, 1, Buchanan Way, Chelmsford was last sold on 31st July 2024 for £175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2024, the market for similar properties has risen 17.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Buchanan Way, Chelmsford within a radius of 3.0 kilometres over the last 2 years.
The most recent example is 6, Snoreham Gardens, Chelmsford, CM3 6UN, a leasehold flat which sold for £165,000 on the 24th October 2023.
Read more about house prices in CM3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Buchanan Way, Latchingdon, Chelmsford, CM3 has a total of 56 addresses. According to our analysis of all the public data, 1, Buchanan Way, Chelmsford is the 43rd largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £327k less expensive than the average property in CM3.
The closest station to 1, Buchanan Way, Chelmsford is Althorne (Essex) station which is 3.2 kilometres away.
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, Buchanan Way, Chelmsford, 33.3% of property is privately owned with a mortgage and 31.1% is socially rented.
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, Buchanan Way, Chelmsford, 19.7% of residents are recorded as possessing school level qualifications and 17.7% 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 1, Buchanan Way, Chelmsford, the average age was 45.9 and the most common age was 52.
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, Buchanan Way, Chelmsford, 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, Buchanan Way, Chelmsford, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
