7, Penzance Close
7, Penzance Close
Description & Estimates
Public records show 7, Penzance Close, Chelmsford to be a mid-century freehold house with 893 ft2 of internal area, sitting on a 355 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
7, Penzance Close, Chelmsford has an estimated sale value of £403,245 and an estimated rental value of £1,772 per month, assuming reasonable condition and based on the information available.
Penzance Close, Chelmsford, CM1 lies in the borough of Chelmsford, within the CM1 postal district.
Our Data Sources
7, Penzance Close, Chelmsford has a single entry in the Land Registry from June 2014 and a single entry in the EPC database dated March 2014.
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
In very good condition, we estimate 7, Penzance Close, Chelmsford would be worth £423,408, with a potential rental value of £1,861 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £375,018, with a rental value of £1,648 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 7, Penzance Close, Chelmsford has decreased by £3,333 (0.8%) over the last year. During the same period, its estimated monthly rental value has grown by £61 (3.5%). The property's estimated gross yield is currently 5.3%.
Plot Size
7, Penzance Close, Chelmsford occupies a 355 m2 plot as recorded by HM Land Registry.
All 12 other houses in this postcode have recorded plot sizes, and this one ranks as the 6th largest.
Energy Efficiency
7, Penzance Close, Chelmsford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Mar 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, mains gas.
Sold Prices
7, Penzance Close, Chelmsford last changed hands on 5th June 2014, selling for £260,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 60.6% since June 2014.
- Sold Jun 2014£260,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 580 metres of 7, Penzance Close, Chelmsford across the last 2 years.
Most recently, 27, Plymouth Road, Chelmsford, CM1 6JG, a freehold house, sold at £365,000 on the 5th February 2025.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 7, Penzance Close, Chelmsford as the 7th largest and the 7th most expensive of the 12 addresses on Penzance Close, Chelmsford, CM1.
Against the CM1 postcode district average, it is £12k less expensive than the typical property.
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Schools Nearby
- 100mThe Tyrrells School
- 500mPerryfields Junior School
- 500mPerryfields Infant School
- 400mThe Boswells School
- 1.8kmChelmsford County High School for Girls
- 2.1kmKing Edward VI Grammar School, Chelmsford
More reading links
Public Transport Nearby
Chelmsford station is the nearest stop to 7, Penzance Close, Chelmsford at 2.0 kilometres away.
- 2.0kmChelmsford
- 2.2kmBeaulieu Park
- 7.8kmHatfield Peverel
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
