7, The Grange 240
7, The Grange 240
Description & Estimates
7, The Grange 240, Chelmsford is recorded publicly as a modern leasehold apartment across 807 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 7, The Grange 240, Chelmsford is £300,716 and its rental estimate is £1,355 per month, given the available information and assuming reasonable condition.
The Grange, Springfield Road is a residential building on Springfield Road, Chelmsford, CM2 and falls within the CM2 postal district and the borough of Chelmsford.
Our Data Sources
7, The Grange 240, Chelmsford has 2 entries in the Land Registry , most recently in November 2013 and a single entry in the EPC database dated October 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 7, The Grange 240, Chelmsford, we estimate a market value of £315,752 and a rental value of £1,422 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £279,666 and £1,260 per month respectively.
Recent Market Change
Over the last year, 7, The Grange 240, Chelmsford has seen its estimated sale value fall by £5,552 (1.8%) and its estimated rental value move up by £34 per month (2.5%). This results in an estimated gross rental yield of 5.4%.
Energy Efficiency
7, The Grange 240, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Oct 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 7, The Grange 240, Chelmsford completed on 15th November 2013 at £230,000 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 22.1% over the period since November 2013.
- Sold Nov 2013£230,000
- Sold Mar 2009£200,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, The Grange 240, Chelmsford have sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 31st May 2024, was 8, The Grange 240, Springfield Road, Chelmsford, CM2 6BP, a leasehold flat which sold for £295,000.
Read more about house prices in CM2.
- Sold May 2024£295,000 | 2 Bed Flat8, The Grange 240, Springfield Road, Chelmsford, CM2 6BP8, The Grange 240, Springfield Road, Chelmsford, CM2 6BP
- Sold May 2024£255,000 | 2 Bed Flat5, The Grange 240, Springfield Road, Chelmsford, CM2 6BP5, The Grange 240, Springfield Road, Chelmsford, CM2 6BP
- Sold May 2024£295,000 | 2 Bed Flat9, The Grange 240, Springfield Road, Chelmsford, CM2 6BP9, The Grange 240, Springfield Road, Chelmsford, CM2 6BP
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 525 addresses on Springfield Road, Chelmsford, CM2, 7, The Grange 240, Chelmsford comes out as the 149th largest and the 168th most expensive in our analysis of the public data.
It is also £107k less expensive than the average property across the CM2 district.
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Schools Nearby
- 600mTrinity Road Primary School
- 800mThe Tyrrells School
- 1.0kmThe Cathedral Church of England Voluntary Aided Primary School, Chelmsford
- 1.1kmThe Boswells School
- 1.6kmChelmsford County High School for Girls
- 1.8kmKing Edward VI Grammar School, Chelmsford
More reading links
Public Transport Nearby
From 7, The Grange 240, Chelmsford, the nearest station is Chelmsford, 1.5 kilometres away.
- 1.5kmChelmsford
- 2.8kmBeaulieu Park
- 8.3kmHatfield 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.
