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According to the public record, 18, Murchison Close, Chelmsford is a modern leasehold apartment with 602 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 18, Murchison Close, Chelmsford is £208,337 and the estimated rental value is £1,210 per month.
Murchison Close, Chelmsford, CM1 is located in the borough of Chelmsford within the CM1 postal district.
18, Murchison Close, Chelmsford has 2 entries in the Land Registry , most recently in November 2017 and a single entry in the EPC database dated August 2017.
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 18, Murchison Close, Chelmsford is in very good condition we estimate a sale value of £218,753 and a rental value of £1,271 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,753 and a rental value of £1,126 per month.
Over the last 12 months the sale value of 18 Murchison Close Chelmsford has decreased by an estimated £6,249 (3.0%) and its rental value has increased by an estimated £35 per month (2.9%), giving an expected gross yield of 7%.
18, Murchison Close, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Aug 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, 18, Murchison Close, Chelmsford was last sold on 17th November 2017 for £212,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since November 2017, the market for similar properties has risen 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Murchison Close, Chelmsford within a radius of 560 metres over the last 2 years.
The most recent example is 21, Murchison Close, Chelmsford, CM1 2ER, a leasehold flat which sold for £215,000 on the 16th May 2024.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Murchison Close, Chelmsford, CM1 has a total of 35 addresses. According to our analysis of all the public data, 18, Murchison Close, Chelmsford is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £198k less expensive than the average property in CM1.
The closest station to 18, Murchison Close, Chelmsford is Chelmsford station which is 1.8 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 18, Murchison Close, Chelmsford, 39.4% of property is privately owned with a mortgage and 38.3% is privately owned outright.
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 18, Murchison Close, Chelmsford, 17.2% of residents are recorded as possessing school level qualifications and 46.0% 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 18, Murchison Close, Chelmsford, the average age was 38.2 and the most common age was 32.
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 18, Murchison Close, Chelmsford, 0.9% 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 18, Murchison Close, Chelmsford, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
