103, Melbourne Avenue
103, Melbourne Avenue
Description & Estimates
103, Melbourne Avenue, Chelmsford appears in the public record as a freehold house sitting on a 680 m2 plot.
By comparing it to nearby properties, we estimate it to be a mid-century house with 903 ft2 of internal area and a garden.
Locally, houses of this size normally have 3 bedrooms.
Our estimate of the sale value of 103, Melbourne Avenue, Chelmsford is £481,727 and its rental estimate is £1,705 per month, given the available information and assuming reasonable condition.
Melbourne Avenue, Chelmsford, CM1 falls within the CM1 postal district, in the borough of Chelmsford.
Our Data Sources
103, Melbourne Avenue, Chelmsford has 21 entries in the Land Registry , most recently in April 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 103, Melbourne Avenue, Chelmsford, we estimate a market value of £505,813 and a rental value of £1,791 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £448,006 and £1,586 per month respectively.
Recent Market Change
Over the last year, 103, Melbourne Avenue, Chelmsford has seen its estimated sale value fall by £3,981 (0.8%) and its estimated rental value move up by £59 per month (3.5%). This results in an estimated gross rental yield of 4.2%.
Plot Size
HM Land Registry records the plot of land for 103, Melbourne Avenue, Chelmsford as measuring 680 m2.
That makes it the largest plot in the postcode, where 10 of the 12 other houses have recorded plot data.
Sold Prices
The most recent sale of 103, Melbourne Avenue, Chelmsford completed on 5th April 2007 at £183,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 107.8% over the period since April 2007.
- Sold Apr 2007£183,000
- Sold Aug 1997£65,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 103, Melbourne Avenue, Chelmsford have sold within a radius of 550 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th December 2023, was 105, Chignal Road, Chelmsford, CM1 2JA, a freehold house which sold for £540,000.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 166 addresses on Melbourne Avenue, Chelmsford, CM1, 103, Melbourne Avenue, Chelmsford comes out as the 41st largest and the most expensive in our analysis of the public data.
It is also £67k more expensive than the average property across the CM1 district.
More reading links
Schools Nearby
- 500mLawford Mead Primary & Nursery
- 500mParkwood Academy
- 700mNewlands Spring Primary and Nursery School
- 1.1kmSt John Payne Catholic School, Chelmsford
- 1.5kmKing Edward VI Grammar School, Chelmsford
- 1.5kmChelmsford County High School for Girls
More reading links
Public Transport Nearby
From 103, Melbourne Avenue, Chelmsford, the nearest station is Chelmsford, 2.0 kilometres away.
- 2.0kmChelmsford
- 5.1kmBeaulieu Park
- 10.0kmIngatestone
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
