16, Medway Close
16, Medway Close
Description & Estimates
16, Medway Close, Chelmsford is recorded publicly as a mid-century leasehold apartment across 764 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 16, Medway Close, Chelmsford is £217,868 and its rental estimate is £1,246 per month, given the available information and assuming reasonable condition.
Medway Close, Chelmsford, CM1 falls within the CM1 postal district, in the borough of Chelmsford.
Our Data Sources
16, Medway Close, Chelmsford has 31 entries in the Land Registry , most recently in April 2021 and a single entry in the EPC database dated October 2020.
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.
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 16, Medway Close, Chelmsford, we estimate a market value of £228,761 and a rental value of £1,309 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £202,617 and £1,159 per month respectively.
Recent Market Change
Over the last year, 16, Medway Close, Chelmsford has seen its estimated sale value move down by £3,106 (1.4%) and its estimated rental value increase by £36 per month (2.9%). This results in an estimated gross rental yield of 6.9%.
Energy Efficiency
16, Medway Close, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Oct 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 16, Medway Close, Chelmsford completed on 30th April 2021 at £205,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 3.3% over the period since April 2021.
- Sold Apr 2021£205,000
- Sold Jan 2006£131,000
- Sold Aug 2004£90,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 16, Medway Close, Chelmsford have sold within a radius of 810 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th November 2023, was 23, Medway Close, Chelmsford, CM1 2LH, a leasehold flat which sold for £226,600.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 30 addresses on Medway Close, Chelmsford, CM1, 16, Medway Close, Chelmsford comes out as the 17th largest and the 17th most expensive in our analysis of the public data.
It is also £197k less expensive than the average property across the CM1 district.
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Schools Nearby
- 600mLawford Mead Primary & Nursery
- 900mWestlands Community Primary School
- 1.2kmParkwood Academy
- 1.4kmHylands School
- 1.5kmKing Edward VI Grammar School, Chelmsford
- 1.7kmChelmsford County High School for Girls
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Public Transport Nearby
From 16, Medway Close, Chelmsford, the nearest station is Chelmsford, 1.8 kilometres away.
- 1.8kmChelmsford
- 5.5kmBeaulieu Park
- 9.3kmIngatestone
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
