Flat 2, Regency Apartments 73
Flat 2, Regency Apartments 73
Description & Estimates
Public records show Flat 2, Regency Apartments 73, Chelmsford to be a modern leasehold apartment with 570 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Flat 2, Regency Apartments 73, Chelmsford has an estimated sale value of £267,845 and an estimated rental value of £1,255 per month, assuming reasonable condition and based on the information available.
The apartment sits within Regency Apartments, Springfield Road, Chelmsford, CM2.
Springfield Road, Chelmsford, CM2 lies in the borough of Chelmsford, within the CM2 postal district.
Our Data Sources
Flat 2, Regency Apartments 73, Chelmsford has a single entry in the Land Registry from May 2023 and a single entry in the EPC database dated August 2022.
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.
Price Range & Condition
In very good condition, we estimate Flat 2, Regency Apartments 73, Chelmsford would be worth £281,237, with a potential rental value of £1,318 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £249,096, with a rental value of £1,167 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 Flat 2, Regency Apartments 73, Chelmsford has decreased by £4,961 (1.9%) over the last year. During the same period, its estimated monthly rental value has grown by £31 (2.5%). The property's estimated gross yield is currently 5.6%.
Energy Efficiency
Flat 2, Regency Apartments 73, Chelmsford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 22 Aug 2022.
The property is not connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, electric.
Sold Prices
Flat 2, Regency Apartments 73, Chelmsford last changed hands on 26th May 2023, selling for £250,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 11.9% since May 2023.
- Sold May 2023£250,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 510 metres of Flat 2, Regency Apartments 73, Chelmsford across the last 2 years.
Most recently, Flat 12, Regency Apartments 73, Springfield Road, Chelmsford, CM2 6JG, a leasehold flat, sold at £250,000 on the 7th May 2024.
Read more about house prices in CM2.
- Sold May 2024£250,000 | 2 Bed FlatRegency Apartments 73, Springfield RoadFlat 12, Regency Apartments 73, Springfield Road, Chelmsford, CM2 6JG
- Sold Apr 2024£260,000 | 2 Bed FlatRegency Apartments 73, Springfield RoadFlat 13, Regency Apartments 73, Springfield Road, Chelmsford, CM2 6JG
- Sold Apr 2024£240,000 | 2 Bed FlatRegency Apartments 73, Springfield RoadFlat 5, Regency Apartments 73, Springfield Road, Chelmsford, CM2 6JG
•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 Flat 2, Regency Apartments 73, Chelmsford as the 326th largest and the 200th most expensive of the 525 addresses on Springfield Road, Chelmsford, CM2.
Against the CM2 postcode district average, it is £140k less expensive than the typical property.
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Schools Nearby
- 300mThe Cathedral Church of England Voluntary Aided Primary School, Chelmsford
- 500mTrinity Road Primary School
- 1.0kmOur Lady Immaculate Catholic Primary School
- 1.2kmKing Edward VI Grammar School, Chelmsford
- 1.2kmChelmsford County High School for Girls
- 1.9kmThe Boswells School
More reading links
Public Transport Nearby
Chelmsford station is the nearest stop to Flat 2, Regency Apartments 73, Chelmsford at 700 metres away.
- 700mChelmsford
- 3.8kmBeaulieu Park
- 9.3kmHatfield Peverel
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
