According to the public record, 15, Searle Close, Chelmsford is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Searle Close, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
15, Searle Close, Chelmsford has 3 entries in the Land Registry database, most recently in November 2023 and a single entry in the EPC database dated May 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 15 Searle Close Chelmsford as £196,039 and the rental value as £1,118 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 15 Searle Close Chelmsford has decreased by £1,371 (0.7%) and its rental value has increased by £63 per month (5.7%).
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 15, Searle Close, Chelmsford is in very good condition we estimate a sale value of £205,841 and rental value of £1,174 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £182,316 and a rental value of £1,040 per month.
If you were able to purchase this property for the estimated value of £196,039, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £963 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, 15, Searle Close, Chelmsford was last sold on 03 Nov 2023 for £86,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2023, the market for similar properties has dropped 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Searle Close, Chelmsford within a radius of 480 metres over the last 2 years.
The most recent example is 78, Harberd Tye, Chelmsford, CM2 9GJ, a Leasehold flat which sold for £206,000 in Oct 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 480 metres radius of 15, Searle Close, Chelmsford over the last 2 years.
Most recently 22, Chelmerton Avenue, Chelmsford, CM2 9RE, a Freehold house let by Andrea & Co in Jan 2024.
Searle Close, Chelmsford, CM2 has a total of 24 addresses. According to our analysis of all the public data, 15, Searle Close, Chelmsford is the 18th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £205k less expensive than the average property in CM2.
15, Searle Close, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 May 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 15, Searle Close, Chelmsford is Chelmsford station which is 2.1 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 15, Searle Close, Chelmsford, 36.4% of property is privately owned with a mortgage and 28.0% is privately rented.
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 15, Searle Close, Chelmsford, 25.3% of residents are recorded as possessing school level qualifications and 42.8% 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 15, Searle Close, 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 15, Searle Close, 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 15, Searle Close, Chelmsford, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.