According to the public record, 31, Park Avenue, Chelmsford is a period freehold house and with 764 ft2 of internal area and sits on a 252 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Park Avenue, Chelmsford, CM1 is located in the borough of Chelmsford within the CM1 postal district.
31, Park Avenue, Chelmsford has 21 entries in the Land Registry database, most recently in June 2015 and 2 entries in the EPC database, most recently in March 2021.
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 31 Park Avenue Chelmsford as £383,358 and the rental value as £1,582 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 31 Park Avenue Chelmsford has decreased by £5,764 (1.5%) and its rental value has increased by £71 per month (4.5%).
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 31, Park Avenue, Chelmsford is in very good condition we estimate a sale value of £402,526 and rental value of £1,661 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £356,523 and a rental value of £1,471 per month.
If you were able to purchase this property for the estimated value of £383,358, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,884 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, 31, Park Avenue, Chelmsford sits on a plot of 252m2.
We have plot size data on 25 out of 45 other houses in the postcode and 31, Park Avenue, Chelmsford sits on the 16th largest plot.
According to HM Land Registry, 31, Park Avenue, Chelmsford was last sold on 23 Jun 2015 for £262,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2015, the market for similar properties has risen 29.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Park Avenue, Chelmsford within a radius of 377m over the last 2 years.
The most recent example is 56, South Primrose Hill, Chelmsford, CM1 2RG, a Freehold house which sold for £387,500 in Jan 2024.
Read more about house prices in CM1.
Park Avenue, Chelmsford, CM1 has a total of 70 addresses. According to our analysis of all the public data, 31, Park Avenue, Chelmsford is the 61st largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £18k less expensive than the average property in CM1.
31, Park Avenue, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Mar 2021.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 31, Park Avenue, Chelmsford is Chelmsford station which is 1.0 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 31, Park Avenue, Chelmsford, 51.5% of property is privately owned with a mortgage and 28.5% 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 31, Park Avenue, Chelmsford, 22.6% of residents are recorded as possessing school level qualifications and 45.8% 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 31, Park Avenue, Chelmsford, the average age was 38.2 and the most common age was 32.
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 31, Park Avenue, Chelmsford, 0.3% 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 31, Park Avenue, 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.