67A, Melbourne Avenue
67A, Melbourne Avenue
Description & Estimates
67A, Melbourne Avenue, Chelmsford is recorded publicly as a mid-century leasehold apartment across 687 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 67A, Melbourne Avenue, Chelmsford is £205,102 and its rental estimate is £1,214 per month, given the available information and assuming reasonable condition.
67, Melbourne Avenue is a residential building on Melbourne Avenue, Chelmsford, CM1 and falls within the CM1 postal district and the borough of Chelmsford.
Our Data Sources
67A, Melbourne Avenue, Chelmsford has 2 entries in the Land Registry , most recently in February 2016 and a single entry in the EPC database dated February 2010.
We combine this information with that 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.
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 67A, Melbourne Avenue, Chelmsford, we estimate a market value of £215,357 and a rental value of £1,275 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £190,745 and £1,129 per month respectively.
Recent Market Change
Over the last year, 67A, Melbourne Avenue, Chelmsford has seen its estimated sale value decline by £2,924 (1.4%) and its estimated rental value climb by £35 per month (2.9%). This results in an estimated gross rental yield of 7.1%.
Energy Efficiency
67A, Melbourne Avenue, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Feb 2010.
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 67A, Melbourne Avenue, Chelmsford completed on 19th February 2016 at £159,995 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 17.9% over the period since February 2016.
- Sold Feb 2016£159,995
- Sold Aug 2012£120,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 67A, Melbourne Avenue, Chelmsford have sold within a radius of 560 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th September 2021, was 85, Melbourne Avenue, Chelmsford, CM1 2DR, a leasehold flat which sold for £200,000.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 166 addresses on Melbourne Avenue, Chelmsford, CM1, 67A, Melbourne Avenue, Chelmsford comes out as the 73rd largest and the 156th most expensive in our analysis of the public data.
It is also £210k less expensive than the average property across the CM1 district.
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Schools Nearby
- 500mLawford Mead Primary & Nursery
- 500mParkwood Academy
- 700mNewlands Spring Primary and Nursery School
- 1.1kmSt John Payne Catholic School, Chelmsford
- 1.5kmKing Edward VI Grammar School, Chelmsford
- 1.5kmChelmsford County High School for Girls
More reading links
Public Transport Nearby
From 67A, Melbourne Avenue, Chelmsford, the nearest station is Chelmsford, 2.0 kilometres away.
- 2.0kmChelmsford
- 5.1kmBeaulieu Park
- 10.0kmIngatestone
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
