83A, Melbourne Avenue
83A, Melbourne Avenue
Description & Estimates
According to the public record, 83A, Melbourne Avenue, Chelmsford is a mid-century apartment with 775 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 83A, Melbourne Avenue, Chelmsford is £216,350 and the estimated rental value is £1,234 per month.
The apartment is within 83, Melbourne Avenue, Chelmsford, CM1.
Melbourne Avenue, Chelmsford, CM1 is located in the borough of Chelmsford within the CM1 postal district.
Our Data Sources
83A, Melbourne Avenue, Chelmsford has no records in the the Land Registry and a single entry in the EPC database dated June 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
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 83A, Melbourne Avenue, Chelmsford is in very good condition we estimate a sale value of £227,168 and a rental value of £1,296 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,206 and a rental value of £1,148 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 83A, Melbourne Avenue, Chelmsford has fallen by £3,084 (1.4%), while its estimated rental value has moved up by £36 per month (2.9%). Based on current estimates, the property offers a gross rental yield of 6.8%.
Energy Efficiency
83A, Melbourne Avenue, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jun 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
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 83A, Melbourne Avenue, Chelmsford within a radius of 560 metres over the last 2 years.
The most recent example is 19, Canberra Close, Chelmsford, CM1 2EF, a leasehold flat which sold for £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
Melbourne Avenue, Chelmsford, CM1 has a total of 166 addresses. According to our analysis of all the public data, 83A, Melbourne Avenue, Chelmsford is the 52nd largest and the 55th most expensive property on the street.
When compared to the postcode district it is £198k less expensive than the average property in CM1.
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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
The closest station to 83A, Melbourne Avenue, Chelmsford is Chelmsford station, which is 2.0 kilometres away.
- 2.0kmChelmsford
- 5.1kmBeaulieu Park
- 10.0kmIngatestone
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
