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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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Public records show 122, Burghley Way, Chelmsford to be a modern leasehold apartment with 548 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
122, Burghley Way, Chelmsford has an estimated sale value of £231,918 and an estimated rental value of £1,156 per month, assuming reasonable condition and based on the information available.
Burghley Way, Chelmsford, CM2 lies in the borough of Chelmsford, within the CM2 postal district.
122, Burghley Way, Chelmsford has 41 entries in the Land Registry , most recently in February 2023 and a single entry in the EPC database dated June 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
In very good condition, we estimate 122, Burghley Way, Chelmsford would be worth £243,514, with a potential rental value of £1,214 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £215,684, with a rental value of £1,075 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 122, Burghley Way, Chelmsford has decreased by £3,264 (1.4%) over the last year. During the same period, its estimated monthly rental value has grown by £30 (2.6%). The property's estimated gross yield is currently 6.0%.
122, Burghley Way, Chelmsford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Jun 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
122, Burghley Way, Chelmsford last changed hands on 20th February 2023, selling for £256,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 4 times since 1995.
The market for similar properties has dropped by 13.1% since February 2023.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 540 metres of 122, Burghley Way, Chelmsford across the last 2 years.
Most recently, 110, Burghley Way, Chelmsford, CM2 9LQ, a leasehold flat, sold at £240,000 on the 27th August 2024.
Read more about house prices in CM2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 122, Burghley Way, Chelmsford as the 76th largest and the 76th most expensive of the 93 addresses on Burghley Way, Chelmsford, CM2.
Against the CM2 postcode district average, it is £176k less expensive than the typical property.
Chelmsford station is the nearest stop to 122, Burghley Way, Chelmsford at 1.7 kilometres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 122, Burghley Way, Chelmsford, 32.0% of property is privately owned with a mortgage and 29.5% 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 122, Burghley Way, Chelmsford, 27.6% of residents are recorded as possessing school level qualifications and 37.1% 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 122, Burghley Way, Chelmsford, the average age was 41.7 and the most common age was 47.
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 122, Burghley Way, Chelmsford, 1.0% 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 122, Burghley 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.
