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4, Weale Close, Chelmsford is recorded publicly as a modern freehold house across 1,571 ft2 of internal area, sitting on a 314 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 4, Weale Close, Chelmsford is £592,553 and its rental estimate is £2,321 per month, given the available information and assuming reasonable condition.
Weale Close, Hatfield Peverel, Chelmsford, CM3 falls within the CM3 postal district, in the borough of Braintree.
4, Weale Close, Chelmsford has a single entry in the Land Registry from May 2022 and a single entry in the EPC database dated February 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 4, Weale Close, Chelmsford, we estimate a market value of £622,181 and a rental value of £2,437 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £551,074 and £2,159 per month respectively.
Over the last year, 4, Weale Close, Chelmsford has seen its estimated sale value move down by £9,687 (1.6%) and its estimated rental value increase by £69 per month (3.0%). This results in an estimated gross rental yield of 4.7%.
HM Land Registry records the plot of land for 4, Weale Close, Chelmsford as measuring 314 m2.
That makes it the 11th largest plot in the postcode, where all 25 other houses have recorded plot data.
4, Weale Close, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Feb 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, LPG.
The most recent sale of 4, Weale Close, Chelmsford completed on 16th May 2022 at £610,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 2.5% over the period since May 2022.
Over the past 2 years 3 properties similar to 4, Weale Close, Chelmsford have sold within a radius of 1.6 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th April 2023, was 5, Weale Close, Chelmsford, CM3 2FG, a freehold house which sold for £630,000.
Read more about house prices in CM3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 25 addresses on Weale Close, Hatfield Peverel, Chelmsford, CM3, 4, Weale Close, Chelmsford comes out as the 5th largest and the 5th most expensive in our analysis of the public data.
It is also £100k more expensive than the average property across the CM3 district.
From 4, Weale Close, Chelmsford, the nearest station is Hatfield Peverel, 400 metres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Weale Close, Chelmsford, 44.9% of property is privately owned with a mortgage and 38.6% is privately owned outright.
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 4, Weale Close, Chelmsford, 16.3% of residents are recorded as possessing school level qualifications and 40.9% 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 4, Weale Close, Chelmsford, the average age was 44.1 and the most common age was 57.
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 4, Weale Close, Chelmsford, 1.0% 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 4, Weale Close, Chelmsford, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
