According to the public record, 16, Palmers Croft, Chelmsford is a modern freehold house with 1,054 ft2 of internal area and sits on a 290 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Palmers Croft, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
16, Palmers Croft, Chelmsford has 21 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated June 2018.
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 16 Palmers Croft Chelmsford as £453,991 and the rental value as £1,765 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 16 Palmers Croft Chelmsford has decreased by £5,522 (1.2%) and its rental value has increased by £89 per month (5.1%).
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 16, Palmers Croft, Chelmsford is in very good condition we estimate a sale value of £476,690 and rental value of £1,853 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £422,211 and a rental value of £1,641 per month.
If you were able to purchase this property for the estimated value of £453,991, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,231 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, 16, Palmers Croft, Chelmsford sits on a plot of 290m2.
We have plot size data on 22 out of 30 other houses in the postcode and 16, Palmers Croft, Chelmsford sits on the 7th largest plot.
According to HM Land Registry, 16, Palmers Croft, Chelmsford was last sold on 27 May 2022 for £530,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2022, the market for similar properties has dropped 6.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Palmers Croft, Chelmsford within a radius of 650 metres over the last 2 years.
The most recent example is 4, Palmers Croft, Chelmsford, CM2 6SR, a Freehold house which sold for £485,000 in Aug 2022.
Read more about house prices in CM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palmers Croft, Chelmsford, CM2 has a total of 30 addresses. According to our analysis of all the public data, 16, Palmers Croft, Chelmsford is the 15th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £53k more expensive than the average property in CM2.
16, Palmers Croft, Chelmsford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Jun 2018.
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 16, Palmers Croft, 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 16, Palmers Croft, Chelmsford, 37.3% of property is privately owned outright and 36.0% 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, Palmers Croft, Chelmsford, 14.0% of residents are recorded as possessing school level qualifications and 40.3% 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, Palmers Croft, Chelmsford, the average age was 46.1 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, Palmers Croft, Chelmsford, 0.8% 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, Palmers Croft, Chelmsford, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.