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According to the public record, 7, Richardson Place, Chelmsford is a modern freehold house with 1,732 ft2 of internal area and sits on a 354 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Richardson Place, Chelmsford is £800,685 and the estimated rental value is £2,512 per month.
Richardson Place, Chelmsford, CM1 is located in the borough of Chelmsford within the CM1 postal district.
7, Richardson Place, Chelmsford has 21 entries in the Land Registry , most recently in March 2021 and a single entry in the EPC database dated November 2020.
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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, Richardson Place, Chelmsford is in very good condition we estimate a sale value of £840,720 and a rental value of £2,638 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £744,637 and a rental value of £2,336 per month.
Over the last 12 months the sale value of 7 Richardson Place Chelmsford has decreased by an estimated £6,197 (0.8%) and its rental value has increased by an estimated £87 per month (3.5%), giving an expected gross yield of 3.8%.
According to data from HM Land Registry, 7, Richardson Place, Chelmsford sits on a plot of 354m2.
We have plot size data on 19 out of 19 other houses in the postcode and 7, Richardson Place, Chelmsford sits on the 13th largest plot.
7, Richardson Place, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Nov 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 7, Richardson Place, Chelmsford was last sold on 8th March 2021 for £685,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since March 2021, the market for similar properties has dropped 12.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Richardson Place, Chelmsford within a radius of 560 metres over the last 2 years.
The most recent example is 4, Nancy Edwards Place, Chelmsford, CM1 2WU, a freehold house which sold for £770,000 on the 19th July 2024.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richardson Place, Chelmsford, CM1 has a total of 19 addresses. According to our analysis of all the public data, 7, Richardson Place, Chelmsford is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £386k more expensive than the average property in CM1.
The closest station to 7, Richardson Place, Chelmsford is Chelmsford station which is 900 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 7, Richardson Place, Chelmsford, 38.7% of property is privately owned with a mortgage and 32.0% is privately rented.
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 7, Richardson Place, Chelmsford, 15.8% of residents are recorded as possessing school level qualifications and 50.0% 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 7, Richardson Place, Chelmsford, the average age was 38.2 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 7, Richardson Place, 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 7, Richardson Place, Chelmsford, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
