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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
The public record describes 77, Melbourne Avenue, Chelmsford as a mid-century apartment with 642 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
77, Melbourne Avenue, Chelmsford has an estimated sale value of £198,956 and an estimated rental value of £1,200 per month, assuming reasonable condition and based on the information available.
The apartment sits within 77, Melbourne Avenue, Chelmsford, CM1.
Melbourne Avenue, Chelmsford, CM1 lies in the borough of Chelmsford, within the CM1 postal district.
77, Melbourne Avenue, Chelmsford has no records in the the Land Registry and a single entry in the EPC database dated July 2010.
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.
In very good condition, we estimate 77, Melbourne Avenue, Chelmsford would be worth £208,904, with a potential rental value of £1,260 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £185,029, with a rental value of £1,116 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 77, Melbourne Avenue, Chelmsford has moved down by £2,836 (1.4%) over the last year. During the same period, its estimated monthly rental value has increased by £35 (2.9%). The property's estimated gross yield is currently 7.2%.
77, Melbourne Avenue, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Jul 2010.
The property is connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, mains gas.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 560 metres of 77, Melbourne Avenue, Chelmsford across the last 2 years.
Most recently, 85, Melbourne Avenue, Chelmsford, CM1 2DR, a leasehold flat, sold at £200,000 on the 30th September 2021.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 77, Melbourne Avenue, Chelmsford as the 77th largest and the 160th most expensive of the 166 addresses on Melbourne Avenue, Chelmsford, CM1.
Against the CM1 postcode district average, it is £216k less expensive than the typical property.
Chelmsford station is the nearest stop to 77, Melbourne Avenue, Chelmsford at 2.0 kilometres away.
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
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The recent census recorded whether a resident owned or rented their home.
In the area around 77, 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 77, 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 77, 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 77, 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 77, 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.
