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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
60, Crocus Way, Chelmsford is recorded publicly as a mid-century leasehold apartment across 527 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 60, Crocus Way, Chelmsford is £179,092 and its rental estimate is £1,131 per month, given the available information and assuming reasonable condition.
Crocus Way, Chelmsford, CM1 falls within the CM1 postal district, in the borough of Chelmsford.
60, Crocus Way, Chelmsford has 21 entries in the Land Registry , most recently in February 2015 and a single entry in the EPC database dated September 2023.
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.
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 60, Crocus Way, Chelmsford, we estimate a market value of £188,046 and a rental value of £1,187 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £166,555 and £1,051 per month respectively.
Over the last year, 60, Crocus Way, Chelmsford has seen its estimated sale value decrease by £2,553 (1.4%) and its estimated rental value grow by £33 per month (2.9%). This results in an estimated gross rental yield of 7.6%.
60, Crocus Way, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Sep 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
The most recent sale of 60, Crocus Way, Chelmsford completed on 27th February 2015 at £132,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 57.6% over the period since February 2015.
Over the past 2 years 3 properties similar to 60, Crocus Way, Chelmsford have sold within a radius of 480 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th November 2023, was 10, Violet Close, Chelmsford, CM1 6XG, a leasehold flat which sold for £182,000.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 105 addresses on Crocus Way, Chelmsford, CM1, 60, Crocus Way, Chelmsford comes out as the 77th largest and the 64th most expensive in our analysis of the public data.
It is also £236k less expensive than the average property across the CM1 district.
From 60, Crocus Way, Chelmsford, the nearest station is Beaulieu Park, 1.8 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 60, 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 60, 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 60, 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 60, 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 60, 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.
