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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
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Public records show 38, Crocus Way, Chelmsford to be a mid-century leasehold apartment with 516 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
38, Crocus Way, Chelmsford has an estimated sale value of £182,240 and an estimated rental value of £1,155 per month, assuming reasonable condition and based on the information available.
Crocus Way, Chelmsford, CM1 lies in the borough of Chelmsford, within the CM1 postal district.
38, Crocus Way, Chelmsford has 71 entries in the Land Registry , most recently in February 2022 and a single entry in the EPC database dated October 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
In very good condition, we estimate 38, Crocus Way, Chelmsford would be worth £191,352, with a potential rental value of £1,213 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £169,483, with a rental value of £1,074 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 38, Crocus Way, Chelmsford has dropped by £2,598 (1.4%) over the last year. During the same period, its estimated monthly rental value has risen by £34 (2.9%). The property's estimated gross yield is currently 7.6%.
38, Crocus Way, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Oct 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
38, Crocus Way, Chelmsford last changed hands on 18th February 2022, selling for £180,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 7 times since 1995.
The market for similar properties has risen by 20.5% since February 2022.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 490 metres of 38, Crocus Way, Chelmsford across the last 2 years.
Most recently, 10, Violet Close, Chelmsford, CM1 6XG, a leasehold flat, sold at £182,000 on the 13th November 2023.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 38, Crocus Way, Chelmsford as the 83rd largest and the 52nd most expensive of the 105 addresses on Crocus Way, Chelmsford, CM1.
Against the CM1 postcode district average, it is £233k less expensive than the typical property.
Beaulieu Park station is the nearest stop to 38, Crocus Way, Chelmsford at 1.8 kilometres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 38, Crocus Way, Chelmsford, 42.5% of property is privately rented and 27.6% 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 38, Crocus Way, Chelmsford, 16.2% of residents are recorded as possessing school level qualifications and 30.8% 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 38, Crocus Way, 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 38, Crocus Way, 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 38, Crocus Way, Chelmsford, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
