24, Medway Close
24, Medway Close
Description & Estimates
Public records show 24, Medway Close, Chelmsford to be a mid-century leasehold apartment with 731 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
24, Medway Close, Chelmsford has an estimated sale value of £213,749 and an estimated rental value of £1,240 per month, assuming reasonable condition and based on the information available.
Medway Close, Chelmsford, CM1 lies in the borough of Chelmsford, within the CM1 postal district.
Our Data Sources
24, Medway Close, Chelmsford has 21 entries in the Land Registry , most recently in September 2021 and a single entry in the EPC database dated March 2021.
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
In very good condition, we estimate 24, Medway Close, Chelmsford would be worth £224,437, with a potential rental value of £1,302 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £198,787, with a rental value of £1,153 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 24, Medway Close, Chelmsford has decreased by £3,047 (1.4%) over the last year. During the same period, its estimated monthly rental value has grown by £36 (2.9%). The property's estimated gross yield is currently 7.0%.
Energy Efficiency
24, Medway Close, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Mar 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
24, Medway Close, Chelmsford last changed hands on 29th September 2021, selling for £227,500. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 2.1% since September 2021.
- Sold Sep 2021£227,500
- Sold Aug 2002£97,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 820 metres of 24, Medway Close, Chelmsford across the last 2 years.
Most recently, 23, Medway Close, Chelmsford, CM1 2LH, a leasehold flat, sold at £226,600 on the 27th November 2023.
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
Our analysis of the public data ranks 24, Medway Close, Chelmsford as the 22nd largest and the 22nd most expensive of the 30 addresses on Medway Close, Chelmsford, CM1.
Against the CM1 postcode district average, it is £201k less expensive than the typical property.
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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
Chelmsford station is the nearest stop to 24, Medway Close, Chelmsford at 1.8 kilometres away.
- 1.8kmChelmsford
- 5.5kmBeaulieu Park
- 9.3kmIngatestone
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
