81A, Melbourne Avenue
81A, Melbourne Avenue
Description & Estimates
The public record describes 81A, Melbourne Avenue, Chelmsford as a mid-century apartment with 775 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
81A, Melbourne Avenue, Chelmsford has an estimated sale value of £216,350 and an estimated rental value of £1,234 per month, assuming reasonable condition and based on the information available.
The apartment sits within 81, Melbourne Avenue, Chelmsford, CM1.
Melbourne Avenue, Chelmsford, CM1 lies in the borough of Chelmsford, within the CM1 postal district.
Our Data Sources
81A, Melbourne Avenue, Chelmsford has no records in the the Land Registry and a single entry in the EPC database dated July 2022.
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.
Price Range & Condition
In very good condition, we estimate 81A, Melbourne Avenue, Chelmsford would be worth £227,168, with a potential rental value of £1,296 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £201,206, with a rental value of £1,148 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 81A, Melbourne Avenue, Chelmsford has declined by £3,084 (1.4%) over the last year. During the same period, its estimated monthly rental value has climbed by £36 (2.9%). The property's estimated gross yield is currently 6.8%.
Energy Efficiency
81A, Melbourne Avenue, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Jul 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 560 metres of 81A, Melbourne Avenue, Chelmsford across the last 2 years.
Most recently, 19, Canberra Close, Chelmsford, CM1 2EF, a leasehold flat, sold at £230,000 on the 23rd August 2024.
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
Our analysis of the public data ranks 81A, Melbourne Avenue, Chelmsford as the 53rd largest and the 56th most expensive of the 166 addresses on Melbourne Avenue, Chelmsford, CM1.
Against the CM1 postcode district average, it is £198k less expensive than the typical property.
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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
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Public Transport Nearby
Chelmsford station is the nearest stop to 81A, Melbourne Avenue, Chelmsford at 2.0 kilometres away.
- 2.0kmChelmsford
- 5.1kmBeaulieu Park
- 10.0kmIngatestone
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
