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Registered Address: 2 Leman St, London E1 8FA
According to the public record, 1, Derwent Way, Chelmsford is a mid-century freehold house with 1,011 ft2 of internal area and sits on a 304 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Derwent Way, Chelmsford is £262,424 and the estimated rental value is £1,279 per month.
Derwent Way, Chelmsford, CM1 is located in the borough of Chelmsford within the CM1 postal district.
1, Derwent Way, Chelmsford has 2 entries in the Land Registry , most recently in August 2023 and a single entry in the EPC database dated March 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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, Derwent Way, Chelmsford is in very good condition we estimate a sale value of £275,545 and a rental value of £1,343 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £244,055 and a rental value of £1,189 per month.
Over the last 12 months the sale value of 1 Derwent Way Chelmsford has decreased by an estimated £2,169 (0.8%) and its rental value has increased by an estimated £44 per month (3.5%), giving an expected gross yield of 5.8%.
According to data from HM Land Registry, 1, Derwent Way, Chelmsford sits on a plot of 304m2.
We have plot size data on 11 out of 14 other houses in the postcode and 1, Derwent Way, Chelmsford sits on the 3rd largest plot.
1, Derwent Way, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 1, Derwent Way, Chelmsford was last sold on 10th August 2023 for £202,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since August 2023, the market for similar properties has risen 19.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Derwent Way, Chelmsford within a radius of 730 metres over the last 2 years.
The most recent example is 7, Derwent Way, Chelmsford, CM1 2LP, a freehold house which sold for £291,500 on the 21st September 2016.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Derwent Way, Chelmsford, CM1 has a total of 14 addresses. According to our analysis of all the public data, 1, Derwent Way, Chelmsford is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £152k less expensive than the average property in CM1.
The closest station to 1, Derwent Way, Chelmsford is Chelmsford station which is 2.1 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 1, Derwent Way, Chelmsford, 35.0% of property is privately owned with a mortgage and 32.5% 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, Derwent Way, Chelmsford, 27.7% of residents are recorded as possessing school level qualifications and 24.6% 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, Derwent Way, Chelmsford, the average age was 40.5 and the most common age was 37.
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, Derwent Way, Chelmsford, 2.1% 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, Derwent 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.
