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Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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58A, Hill Road, Chelmsford is recorded publicly as a period leasehold apartment across 764 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 58A, Hill Road, Chelmsford is £265,776 and its rental estimate is £1,269 per month, given the available information and assuming reasonable condition.
58, Hill Road is a residential building on Hill Road, Chelmsford, CM2 and falls within the CM2 postal district and the borough of Chelmsford.
58A, Hill Road, Chelmsford has a single entry in the Land Registry from March 2023 and a single entry in the EPC database dated August 2020.
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.
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 58A, Hill Road, Chelmsford, we estimate a market value of £279,065 and a rental value of £1,332 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £247,172 and £1,180 per month respectively.
Over the last year, 58A, Hill Road, Chelmsford has seen its estimated sale value drop by £3,741 (1.4%) and its estimated rental value rise by £33 per month (2.6%). This results in an estimated gross rental yield of 5.7%.
58A, Hill Road, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Aug 2020.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 58A, Hill Road, Chelmsford completed on 29th March 2023 at £275,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 0.7% over the period since March 2023.
Over the past 2 years 3 properties similar to 58A, Hill Road, Chelmsford have sold within a radius of 490 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th March 2022, was 51, Hill Road, Chelmsford, CM2 6HP, a leasehold flat which sold for £480,000.
Read more about house prices in CM2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 83 addresses on Hill Road, Chelmsford, CM2, 58A, Hill Road, Chelmsford comes out as the 66th largest and the 71st most expensive in our analysis of the public data.
It is also £142k less expensive than the average property across the CM2 district.
From 58A, Hill Road, Chelmsford, the nearest station is Chelmsford, 1.2 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 58A, Hill Road, Chelmsford, 46.0% of property is privately owned with a mortgage and 31.0% is privately owned outright.
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 58A, Hill Road, Chelmsford, 21.3% of residents are recorded as possessing school level qualifications and 46.6% 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 58A, Hill Road, Chelmsford, the average age was 38.9 and the most common age was 52.
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 58A, Hill Road, Chelmsford, 1.0% 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 58A, Hill Road, Chelmsford, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
