3, Wellfield
3, Wellfield
Description & Estimates
3, Wellfield, Chelmsford is described in the public record as a mid-century apartment with 656 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 3, Wellfield, Chelmsford is £223,397 and its rental estimate is £1,226 per month, given the available information and assuming reasonable condition.
Wellfield, Writtle, Chelmsford, CM1 falls within the CM1 postal district, in the borough of Chelmsford.
Our Data Sources
3, Wellfield, Chelmsford has no records in the the Land Registry and a single entry in the EPC database dated July 2018.
We combine this information with public data 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, Wellfield, Chelmsford, we estimate a market value of £234,567 and a rental value of £1,287 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £207,759 and £1,140 per month respectively.
Recent Market Change
Over the last year, 3, Wellfield, Chelmsford has seen its estimated sale value decrease by £3,185 (1.4%) and its estimated rental value grow by £36 per month (2.9%). This results in an estimated gross rental yield of 6.6%.
Energy Efficiency
3, Wellfield, Chelmsford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 26 Jul 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Wellfield, Chelmsford have sold within a radius of 760 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th December 2024, was 54, Millfields, Chelmsford, CM1 3LP, a leasehold flat which sold for £245,000.
Read more about house prices in CM1.
- Sold Dec 2024£245,000 | 2 Bed Flat54, Millfields, Chelmsford, CM1 3LP54, Millfields, Chelmsford, CM1 3LP
- Sold Feb 2023£245,000 | 2 Bed Flat38, Millfields, Chelmsford, CM1 3LP38, Millfields, Chelmsford, CM1 3LP
- Sold Aug 2022£250,000 | 2 Bed Flat46, Millfields, Chelmsford, CM1 3LP46, Millfields, Chelmsford, CM1 3LP
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 26 addresses on Wellfield, Writtle, Chelmsford, CM1, 3, Wellfield, Chelmsford comes out as the 26th largest and the 23rd most expensive in our analysis of the public data.
It is also £191k less expensive than the average property across the CM1 district.
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Schools Nearby
- 300mWrittle Infant School
- 300mWrittle Junior School
- 2.0kmWestlands Community Primary School
- 1.2kmHylands School
- 3.2kmKing Edward VI Grammar School, Chelmsford
- 3.5kmMoulsham High School
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Public Transport Nearby
From 3, Wellfield, Chelmsford, the nearest station is Chelmsford, 3.3 kilometres away.
- 3.3kmChelmsford
- 7.4kmIngatestone
- 7.4kmBeaulieu Park
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
