According to the public record, 16, Binley Road, Chelmsford is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 903 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Binley Road, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
16, Binley Road, Chelmsford has 31 entries in the Land Registry database, most recently in May 2012 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Binley Road Chelmsford as £360,769 and the rental value as £1,608 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 16 Binley Road Chelmsford has decreased by £4,753 (1.3%) and its rental value has increased by £80 per month (5.0%).
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 16, Binley Road, Chelmsford is in very good condition we estimate a sale value of £378,808 and rental value of £1,689 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £335,516 and a rental value of £1,496 per month.
If you were able to purchase this property for the estimated value of £360,769, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,773 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, 16, Binley Road, Chelmsford was last sold on 04 May 2012 for £180,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since May 2012, the market for similar properties has risen 64.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Binley Road, Chelmsford within a radius of 226m over the last 2 years.
The most recent example is 141, Beeleigh Link, Chelmsford, CM2 6PH, a Freehold house which sold for £420,000 in Jan 2024.
Read more about house prices in CM2.
Binley Road, Chelmsford, CM2 has a total of 16 addresses. According to our analysis of all the public data, 16, Binley Road, Chelmsford is the largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £40k less expensive than the average property in CM2.
The closest station to 16, Binley Road, Chelmsford is Chelmsford station which is 2.0 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 16, Binley Road, Chelmsford, 31.6% of property is privately rented and 29.0% 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 16, Binley Road, Chelmsford, 7.3% of residents are recorded as possessing school level qualifications and 36.1% 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 16, Binley Road, Chelmsford, the average age was 38.9 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 16, Binley Road, Chelmsford, 0.5% 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 16, Binley Road, Chelmsford, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.