According to the public record, 29, Palmerston Lodge, Chelmsford is a modern leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Palmerston Lodge, Great Baddow, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
29, Palmerston Lodge, Chelmsford has 31 entries in the Land Registry database, most recently in January 2017 and a single entry in the EPC database dated February 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 29 Palmerston Lodge Chelmsford as £217,688 and the rental value as £1,179 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 29 Palmerston Lodge Chelmsford has decreased by £1,449 (0.7%) and its rental value has increased by £67 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 29, Palmerston Lodge, Chelmsford is in very good condition we estimate a sale value of £228,572 and rental value of £1,238 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £202,450 and a rental value of £1,097 per month.
If you were able to purchase this property for the estimated value of £217,688, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,070 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, 29, Palmerston Lodge, Chelmsford was last sold on 05 Jan 2017 for £189,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2017, the market for similar properties has risen 4.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 29, Palmerston Lodge, Chelmsford within a radius of 570 metres over the last 2 years.
The most recent example is 23, Palmerston Lodge, Chelmsford, CM2 7HF, a Leasehold flat which sold for £171,500 in Sep 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 570 metres radius of 29, Palmerston Lodge, Chelmsford over the last 2 years.
Most recently 22, Chelmerton Avenue, Chelmsford, CM2 9RE, a Freehold house let by Andrea & Co in Jan 2024.
Palmerston Lodge, Great Baddow, Chelmsford, CM2 has a total of 31 addresses. According to our analysis of all the public data, 29, Palmerston Lodge, Chelmsford is the 14th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £183k less expensive than the average property in CM2.
29, Palmerston Lodge, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Feb 2015.
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 29, Palmerston Lodge, Chelmsford is Chelmsford station which is 2.9 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 29, Palmerston Lodge, Chelmsford, 37.4% of property is privately owned with a mortgage and 31.3% 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 29, Palmerston Lodge, Chelmsford, 5.8% of residents are recorded as possessing school level qualifications and 36.5% 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 29, Palmerston Lodge, 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 29, Palmerston Lodge, 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 29, Palmerston Lodge, Chelmsford, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.