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In this area, apartments of this size normally have 2 bedrooms.
40, Bodmin Road, Chelmsford has an estimated sale value of £228,904 and an estimated rental value of £1,256 per month, assuming reasonable condition and based on the information available.
Bodmin Road, Chelmsford, CM1 lies in the borough of Chelmsford, within the CM1 postal district.
40, Bodmin Road, Chelmsford has 2 entries in the Land Registry , most recently in May 2024 and a single entry in the EPC database dated August 2021.
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.
In very good condition, we estimate 40, Bodmin Road, Chelmsford would be worth £240,349, with a potential rental value of £1,319 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £212,881, with a rental value of £1,168 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 40, Bodmin Road, Chelmsford has declined by £3,263 (1.4%) over the last year. During the same period, its estimated monthly rental value has climbed by £37 (2.9%). The property's estimated gross yield is currently 6.6%.
40, Bodmin Road, Chelmsford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 26 Aug 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
40, Bodmin Road, Chelmsford last changed hands on 10th May 2024, selling for £253,500. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 1.7% since May 2024.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 610 metres of 40, Bodmin Road, Chelmsford across the last 2 years.
Most recently, 62, Bodmin Road, Chelmsford, CM1 6LJ, a leasehold flat, sold at £220,000 on the 8th October 2019.
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 40, Bodmin Road, Chelmsford as the 103rd largest and the 100th most expensive of the 122 addresses on Bodmin Road, Chelmsford, CM1.
Against the CM1 postcode district average, it is £186k less expensive than the typical property.
Chelmsford station is the nearest stop to 40, Bodmin Road, 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 40, Bodmin Road, Chelmsford, 61.3% of property is privately owned outright and 25.8% 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 40, Bodmin Road, Chelmsford, 17.9% of residents are recorded as possessing school level qualifications and 44.7% 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 40, Bodmin Road, Chelmsford, the average age was 41.4 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 40, Bodmin Road, Chelmsford, 0.8% 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 40, Bodmin Road, Chelmsford, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.