3, Park Avenue
3, Park Avenue
Description & Estimates
3, Park Avenue, Chelmsford is recorded publicly as a period freehold house across 2,055 ft2 of internal area, sitting on a 943 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 3, Park Avenue, Chelmsford is £696,676 and its rental estimate is £2,659 per month, given the available information and assuming reasonable condition.
Park Avenue, Chelmsford, CM1 falls within the CM1 postal district, in the borough of Chelmsford.
Our Data Sources
3, Park Avenue, Chelmsford has 21 entries in the Land Registry , most recently in December 2020 and a single entry in the EPC database dated July 2018.
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 3, Park Avenue, Chelmsford, we estimate a market value of £731,510 and a rental value of £2,792 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £647,909 and £2,473 per month respectively.
Recent Market Change
Over the last year, 3, Park Avenue, Chelmsford has seen its estimated sale value decrease by £7,385 (1.1%) and its estimated rental value grow by £84 per month (3.2%). This results in an estimated gross rental yield of 4.6%.
Plot Size
HM Land Registry records the plot of land for 3, Park Avenue, Chelmsford as measuring 943 m2.
That makes it the largest plot in the postcode, where 38 of the 45 other houses have recorded plot data.
Energy Efficiency
3, Park Avenue, Chelmsford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Jul 2018.
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 3, Park Avenue, Chelmsford completed on 3rd December 2020 at £900,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 1.8% over the period since December 2020.
- Sold Dec 2020£900,000
- Sold Sep 1995£135,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Park Avenue, Chelmsford have sold within a radius of 590 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th October 2024, was 52, Roxwell Road, Chelmsford, CM1 2NB, a freehold house which sold for £775,000.
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 70 addresses on Park Avenue, Chelmsford, CM1, 3, Park Avenue, Chelmsford comes out as the 2nd largest and the most expensive in our analysis of the public data.
It is also £282k more expensive than the average property across the CM1 district.
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Schools Nearby
- 400mKings Road Primary School
- 500mMaltese Road Primary School
- 900mWestlands Community Primary School
- 600mKing Edward VI Grammar School, Chelmsford
- 800mChelmsford County High School for Girls
- 1.2kmSt John Payne Catholic School, Chelmsford
More reading links
Public Transport Nearby
From 3, Park Avenue, Chelmsford, the nearest station is Chelmsford, 1.0 kilometres away.
- 1.0kmChelmsford
- 4.7kmBeaulieu Park
- 9.7kmIngatestone
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
