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According to the public record, 71, Melbourne Avenue, Chelmsford is a mid-century apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 71, Melbourne Avenue, Chelmsford is £208,256 and the estimated rental value is £1,221 per month.
The apartment is within 71, Melbourne Avenue, Chelmsford, CM1.
Melbourne Avenue, Chelmsford, CM1 is located in the borough of Chelmsford within the CM1 postal district.
71, Melbourne Avenue, Chelmsford has no recent1 records in the the Land Registry and a single entry in the EPC database dated April 2024.
We combine this information with public data 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.
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 71, Melbourne Avenue, Chelmsford is in very good condition we estimate a sale value of £218,669 and a rental value of £1,282 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,678 and a rental value of £1,136 per month.
Over the past 12 months, the estimated sale value of 71, Melbourne Avenue, Chelmsford has declined by £2,969 (1.4%), while its estimated rental value has climbed by £36 per month (2.9%). Based on current estimates, the property offers a gross rental yield of 7.0%.
71, Melbourne Avenue, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Apr 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, 71, Melbourne Avenue, Chelmsford was last sold on 17th April 2003 for £91,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71, Melbourne Avenue, Chelmsford within a radius of 560 metres over the last 2 years.
The most recent example is 20, Canberra Close, Chelmsford, CM1 2EF, a leasehold flat which sold for £210,000 on the 14th January 2023.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melbourne Avenue, Chelmsford, CM1 has a total of 166 addresses. According to our analysis of all the public data, 71, Melbourne Avenue, Chelmsford is the 70th largest and the 153rd most expensive property on the street.
When compared to the postcode district it is £207k less expensive than the average property in CM1.
The closest station to 71, Melbourne Avenue, Chelmsford is Chelmsford station, which is 2.0 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 71, Melbourne Avenue, Chelmsford, 61.7% of property is socially rented and 19.5% 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 71, Melbourne Avenue, Chelmsford, 22.6% of residents are recorded as possessing school level qualifications and 24.1% 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 71, Melbourne Avenue, Chelmsford, the average age was 40.5 and the most common age was 37.
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 71, Melbourne Avenue, 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 71, Melbourne Avenue, Chelmsford, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
