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According to the public record, 2, Abbotts Place, Chelmsford is a modern leasehold apartment with 624 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 2, Abbotts Place, Chelmsford is £212,463 and the estimated rental value is £1,208 per month.
Abbotts Place, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
2, Abbotts Place, Chelmsford has 41 entries in the Land Registry , most recently in December 2023 and a single entry in the EPC database dated January 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.
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 2, Abbotts Place, Chelmsford is in very good condition we estimate a sale value of £223,086 and a rental value of £1,268 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £197,590 and a rental value of £1,123 per month.
Over the last 12 months the sale value of 2 Abbotts Place Chelmsford has decreased by an estimated £7,103 (3.3%) and its rental value has increased by an estimated £37 per month (3.1%), giving an expected gross yield of 6.8%.
2, Abbotts Place, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Jan 2020.
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, 2, Abbotts Place, Chelmsford was last sold on 27th December 2023 for £160,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since December 2023, the market for similar properties has dropped 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Abbotts Place, Chelmsford within a radius of 530 metres over the last 2 years.
The most recent example is 18, Abbotts Place, Chelmsford, CM2 6RD, a leasehold flat which sold for £220,000 on the 31st October 2024.
Read more about house prices in CM2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Abbotts Place, Chelmsford, CM2 has a total of 29 addresses. According to our analysis of all the public data, 2, Abbotts Place, Chelmsford is the 26th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £187k less expensive than the average property in CM2.
The closest station to 2, Abbotts Place, Chelmsford is Chelmsford station which is 1.0 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 2, Abbotts Place, Chelmsford, % of property is and % is .
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 2, Abbotts Place, Chelmsford, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 2, Abbotts Place, Chelmsford, 0.0% 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 2, Abbotts Place, Chelmsford, there are an average of 0.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
