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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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Flat 1, 236, Wharf Road, Chelmsford is recorded publicly as a modern leasehold apartment across 1,463 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 1, 236, Wharf Road, Chelmsford is £457,728 and its rental estimate is £1,980 per month, given the available information and assuming reasonable condition.
236, Wharf Road is a residential building on Wharf Road, Chelmsford, CM2 and falls within the CM2 postal district and the borough of Chelmsford.
Flat 1, 236, Wharf Road, Chelmsford has a single entry in the Land Registry from March 2021 and a single entry in the EPC database dated January 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 Flat 1, 236, Wharf Road, Chelmsford, we estimate a market value of £480,615 and a rental value of £2,079 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £425,687 and £1,842 per month respectively.
Over the last year, Flat 1, 236, Wharf Road, Chelmsford has seen its estimated sale value drop by £8,451 (1.8%) and its estimated rental value rise by £49 per month (2.5%). This results in an estimated gross rental yield of 5.2%.
Flat 1, 236, Wharf Road, Chelmsford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Jan 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of Flat 1, 236, Wharf Road, Chelmsford completed on 26th March 2021 at £460,000 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 10.4% over the period since March 2021.
Over the past 2 years 3 properties similar to Flat 1, 236, Wharf Road, Chelmsford have sold within a radius of 520 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st July 2022, was Flat 91, 212, Wharf Road, Chelmsford, CM2 6NF, a leasehold flat which sold for £415,000.
Read more about house prices in CM2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 543 addresses on Wharf Road, Chelmsford, CM2, Flat 1, 236, Wharf Road, Chelmsford comes out as the 10th largest and the 8th most expensive in our analysis of the public data.
It is also £50k more expensive than the average property across the CM2 district.
From Flat 1, 236, Wharf Road, Chelmsford, the nearest station is Chelmsford, 1.2 kilometres away.
The flood risk here is rated medium, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, 236, Wharf Road, Chelmsford, % of property is and % is .
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 Flat 1, 236, Wharf Road, Chelmsford, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 Flat 1, 236, Wharf Road, 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 Flat 1, 236, Wharf Road, Chelmsford, there are an average of 0.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
