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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 32, Wavell Close, Chelmsford is a mid-century leasehold apartment with 505 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 32, Wavell Close, Chelmsford is £177,984 and the estimated rental value is £1,133 per month.
Wavell Close, Springfield, Chelmsford, CM1 is located in the borough of Chelmsford within the CM1 postal district.
32, Wavell Close, Chelmsford has 51 entries in the Land Registry , most recently in October 2016 and a single entry in the EPC database dated February 2013.
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 32, Wavell Close, Chelmsford is in very good condition we estimate a sale value of £186,883 and a rental value of £1,190 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £165,525 and a rental value of £1,054 per month.
Over the last 12 months the sale value of 32 Wavell Close Chelmsford has decreased by an estimated £5,338 (3.0%) and its rental value has increased by an estimated £33 per month (2.9%), giving an expected gross yield of 7.6%.
32, Wavell Close, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Feb 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 32, Wavell Close, Chelmsford was last sold on 21st October 2016 for £150,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since October 2016, the market for similar properties has risen 19.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 32, Wavell Close, Chelmsford within a radius of 630 metres over the last 2 years.
The most recent example is 20, Wavell Close, Chelmsford, CM1 6FQ, a leasehold flat which sold for £155,000 on the 15th July 2022.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wavell Close, Springfield, Chelmsford, CM1 has a total of 46 addresses. According to our analysis of all the public data, 32, Wavell Close, Chelmsford is the 41st largest and the 41st most expensive property on the street.
When compared to the postcode district it is £228k less expensive than the average property in CM1.
The closest station to 32, Wavell Close, Chelmsford is Beaulieu Park station which is 2.0 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast 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 32, Wavell Close, Chelmsford, 67.6% of property is socially rented and 11.3% is privately owned with a mortgage.
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 32, Wavell Close, Chelmsford, 3.1% of residents are recorded as possessing school level qualifications and 14.6% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 32, Wavell Close, Chelmsford, the average age was 39.5 and the most common age was 32.
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 32, Wavell Close, 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 32, Wavell Close, Chelmsford, there are an average of 0.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
