51, Fourth Avenue
51, Fourth Avenue
Description & Estimates
51, Fourth Avenue, Chelmsford is recorded publicly as a modern leasehold apartment across 462 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 51, Fourth Avenue, Chelmsford is £215,933 and its rental estimate is £1,115 per month, given the available information and assuming reasonable condition.
51, Fourth Avenue is a residential building on Fourth Avenue, Chelmsford, CM1 and falls within the CM1 postal district and the borough of Chelmsford.
Our Data Sources
51, Fourth Avenue, Chelmsford has 3 entries in the Land Registry , most recently in April 2019 and a single entry in the EPC database dated October 2021.
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.
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 51, Fourth Avenue, Chelmsford, we estimate a market value of £226,730 and a rental value of £1,171 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £200,818 and £1,037 per month respectively.
Recent Market Change
Over the last year, 51, Fourth Avenue, Chelmsford has seen its estimated sale value decline by £3,078 (1.4%) and its estimated rental value climb by £33 per month (2.9%). This results in an estimated gross rental yield of 6.2%.
Energy Efficiency
51, Fourth Avenue, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Oct 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, electric.
Sold Prices
The most recent sale of 51, Fourth Avenue, Chelmsford completed on 2nd April 2019 at £195,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 7.1% over the period since April 2019.
- Sold Apr 2019£195,000
- Sold Apr 2016£170,000
- Sold Dec 2012£145,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 51, Fourth Avenue, Chelmsford have sold within a radius of 630 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th February 2024, was 45A, Fourth Avenue, Chelmsford, CM1 4EZ, a leasehold flat which sold for £215,000.
Read more about house prices in CM1.
- Sold Feb 2024£215,000 | 2 Bed Flat45A, Fourth Avenue, Chelmsford, CM1 4EZ45A, Fourth Avenue, Chelmsford, CM1 4EZ
- Sold May 2021£210,000 | 2 Bed Flat51A, Fourth Avenue, Chelmsford, CM1 4EZ51A, Fourth Avenue, Chelmsford, CM1 4EZ
- Sold May 2021£220,000 | 1 Bed Flat36A, Third Avenue, Chelmsford, CM1 4EY36A, Third Avenue, Chelmsford, CM1 4EY
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 78 addresses on Fourth Avenue, Chelmsford, CM1, 51, Fourth Avenue, Chelmsford comes out as the 75th largest and the 78th most expensive in our analysis of the public data.
It is also £199k less expensive than the average property across the CM1 district.
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Schools Nearby
- 700mSt Pius X Catholic Primary School
- 900mKings Road Primary School
- 1.0kmMaltese Road Primary School
- 600mSt John Payne Catholic School, Chelmsford
- 600mChelmsford County High School for Girls
- 1.1kmKing Edward VI Grammar School, Chelmsford
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Public Transport Nearby
From 51, Fourth Avenue, Chelmsford, the nearest station is Chelmsford, 1.4 kilometres away.
- 1.4kmChelmsford
- 3.5kmBeaulieu Park
- 9.0kmHatfield 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.
