According to the public record, 107, Well Lane, Chelmsford is a mid-century freehold house and with 1,765 ft2 of internal area and sits on a 526 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Well Lane, Galleywood, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
107, Well Lane, Chelmsford has a single entry in the Land Registry database from January 2016 and a single entry in the EPC database dated September 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 107 Well Lane Chelmsford as £685,520 and the rental value as £2,354 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 107 Well Lane Chelmsford has decreased by £8,930 (1.3%) and its rental value has increased by £113 per month (4.8%).
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 107, Well Lane, Chelmsford is in very good condition we estimate a sale value of £719,796 and rental value of £2,471 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £637,533 and a rental value of £2,189 per month.
If you were able to purchase this property for the estimated value of £685,520, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,369 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 107, Well Lane, Chelmsford sits on a plot of 526m2.
We have plot size data on 41 out of 72 other houses in the postcode and 107, Well Lane, Chelmsford sits on the 10th largest plot.
According to HM Land Registry, 107, Well Lane, Chelmsford was last sold on 29 Jan 2016 for £620,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2016, the market for similar properties has risen 19.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 107, Well Lane, Chelmsford within a radius of 277m over the last 2 years.
The most recent example is 14, Chaplin Close, Chelmsford, CM2 8QW, a Freehold house which sold for £590,000 in Jan 2023.
Read more about house prices in CM2.
Well Lane, Galleywood, Chelmsford, CM2 has a total of 110 addresses. According to our analysis of all the public data, 107, Well Lane, Chelmsford is the 6th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £285k more expensive than the average property in CM2.
107, Well Lane, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Sep 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 107, Well Lane, Chelmsford is Chelmsford station which is 4.4 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 107, Well Lane, Chelmsford, 52.4% of property is privately owned outright and 38.6% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 107, Well Lane, Chelmsford, 15.8% of residents are recorded as possessing school level qualifications and 37.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 107, Well Lane, Chelmsford, the average age was 44 and the most common age was 57.
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 107, Well Lane, Chelmsford, 1.2% 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 107, Well Lane, Chelmsford, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.