3, Mill Lane
3, Mill Lane
Description & Estimates
Public records show 3, Mill Lane, Chelmsford to be a period freehold house with 744 ft2 of internal area, sitting on a 304 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
3, Mill Lane, Chelmsford has an estimated sale value of £516,548 and an estimated rental value of £1,832 per month, assuming reasonable condition and based on the information available.
Mill Lane, Terling, Chelmsford, CM3 lies in the borough of Braintree, within the CM3 postal district.
Our Data Sources
3, Mill Lane, Chelmsford has a single entry in the Land Registry from October 2010 and a single entry in the EPC database dated September 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 3, Mill Lane, Chelmsford would be worth £542,376, with a potential rental value of £1,923 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £480,390, with a rental value of £1,704 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 3, Mill Lane, Chelmsford has fallen by £7,345 (1.4%) over the last year. During the same period, its estimated monthly rental value has moved up by £53 (2.9%). The property's estimated gross yield is currently 4.3%.
Plot Size
3, Mill Lane, Chelmsford occupies a 304 m2 plot as recorded by HM Land Registry.
All 6 other houses in this postcode have recorded plot sizes, and this one ranks as the 4th largest.
Energy Efficiency
3, Mill Lane, Chelmsford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Sep 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
3, Mill Lane, Chelmsford last changed hands on 22nd October 2010, selling for £300,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 55.9% since October 2010.
- Sold Oct 2010£300,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 4.3 kilometres of 3, Mill Lane, Chelmsford across the last 2 years.
Most recently, Cotswold, Station Road, Chelmsford, CM3 2DS, a freehold house, sold at £450,000 on the 31st August 2022.
Read more about house prices in CM3.
•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 3, Mill Lane, Chelmsford as the 4th largest and the 4th most expensive of the 6 addresses on Mill Lane, Terling, Chelmsford, CM3.
Against the CM3 postcode district average, it is £24k more expensive than the typical property.
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Schools Nearby
- 700mTerling Church of England Voluntary Aided Primary School
- 3.8kmWhite Notley Church of England Voluntary Controlled Primary School
- 4.2kmGreat Leighs Primary School
- 5.2kmLift Maltings
- 5.5kmLift New Rickstones
- 6.7kmNotley High School and Braintree Sixth Form
More reading links
Public Transport Nearby
Hatfield Peverel station is the nearest stop to 3, Mill Lane, Chelmsford at 3.7 kilometres away.
- 3.7kmHatfield Peverel
- 4.5kmWhite Notley
- 5.4kmCressing (Essex)
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.
