According to the public record, 12, Montfort Drive, Chelmsford is a modern leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Montfort Drive, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
12, Montfort Drive, Chelmsford has 3 entries in the Land Registry database, most recently in October 2022 and a single entry in the EPC database dated September 2023.
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 12 Montfort Drive Chelmsford as £238,124 and the rental value as £1,192 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 12 Montfort Drive Chelmsford has decreased by £644 (0.3%) and its rental value has increased by £73 per month (6.1%).
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 12, Montfort Drive, Chelmsford is in very good condition we estimate a sale value of £250,030 and rental value of £1,252 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £221,455 and a rental value of £1,109 per month.
If you were able to purchase this property for the estimated value of £238,124, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,170 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 HM Land Registry, 12, Montfort Drive, Chelmsford was last sold on 19 Oct 2022 for £248,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2022, the market for similar properties has dropped 3.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Montfort Drive, Chelmsford within a radius of 530 metres over the last 2 years.
The most recent example is 28, Tydemans, Chelmsford, CM2 9FH, a Leasehold flat which sold for £257,500 in Mar 2023.
Read more about house prices in CM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 530 metres radius of 12, Montfort Drive, Chelmsford over the last 2 years.
Most recently 22, Chelmerton Avenue, Chelmsford, CM2 9RE, a Freehold house let by Andrea & Co in Jan 2024.
Montfort Drive, Chelmsford, CM2 has a total of 47 addresses. According to our analysis of all the public data, 12, Montfort Drive, Chelmsford is the 41st largest and the 41st most expensive property on the street.
When compared to the postcode district it is £163k less expensive than the average property in CM2.
12, Montfort Drive, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Sep 2023.
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 12, Montfort Drive, Chelmsford is Chelmsford station which is 2.6 kilometres 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 12, Montfort Drive, Chelmsford, 34.6% of property is privately owned with a mortgage and 31.7% is privately owned outright.
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 12, Montfort Drive, Chelmsford, 16.0% of residents are recorded as possessing school level qualifications and 41.8% 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 12, Montfort Drive, Chelmsford, the average age was 40.8 and the most common age was 52.
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 12, Montfort Drive, Chelmsford, 0.6% 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 12, Montfort Drive, Chelmsford, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.