39, Mill Lane
39, Mill Lane
Description & Estimates
39, Mill Lane, Chelmsford is recorded publicly as a modern leasehold apartment across 279 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of 39, Mill Lane, Chelmsford is £128,240 and its rental estimate is £667 per month, given the available information and assuming reasonable condition.
39, Mill Lane is a residential building on Mill Lane, Danbury, Chelmsford, CM3 and falls within the CM3 postal district and the borough of Chelmsford.
Our Data Sources
39, Mill Lane, Chelmsford has a single entry in the Land Registry from June 2014 and a single entry in the EPC database dated October 2008.
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
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 39, Mill Lane, Chelmsford, we estimate a market value of £134,652 and a rental value of £700 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £119,263 and £620 per month respectively.
Recent Market Change
Over the last year, 39, Mill Lane, Chelmsford has seen its estimated sale value decrease by £440 (0.3%) and its estimated rental value grow by £24 per month (3.5%). This results in an estimated gross rental yield of 6.2%.
Energy Efficiency
39, Mill Lane, Chelmsford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Oct 2008.
The property is not connected to mains gas and has windows. It is heated using SAP05:Main-Heating.
Sold Prices
The most recent sale of 39, Mill Lane, Chelmsford completed on 25th June 2014 at £58,750 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 58.0% over the period since June 2014.
- Sold Jun 2014£58,750
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to 39, Mill Lane, Chelmsford has sold within a radius of 1.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd April 2009, was 45B, Mill Lane, Chelmsford, CM3 4LB, a leasehold flat which sold for £51,250.
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
Of the 103 addresses on Mill Lane, Danbury, Chelmsford, CM3, 39, Mill Lane, Chelmsford comes out as the 103rd largest and the 103rd most expensive in our analysis of the public data.
It is also £365k less expensive than the average property across the CM3 district.
More reading links
Schools Nearby
- 1.2kmSt John Church of England Voluntary Controlled Primary School Danbury
- 1.9kmPriory Primary School, Bicknacre
- 2.1kmDanbury Park Community Primary School
- 5.3kmThe Sandon School
- 6.0kmPlume School
- 7.4kmGreat Baddow High School
More reading links
Public Transport Nearby
From 39, Mill Lane, Chelmsford, the nearest station is Beaulieu Park, 7.1 kilometres away.
- 7.1kmBeaulieu Park
- 7.1kmSouth Woodham Ferrers
- 7.4kmHatfield Peverel
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.
