According to the public record, 38, Lambourne Chase, Chelmsford is a modern leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lambourne Chase, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
38, Lambourne Chase, Chelmsford has 3 entries in the Land Registry database, most recently in February 2021 and a single entry in the EPC database dated January 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 38 Lambourne Chase Chelmsford as £222,612 and the rental value as £1,159 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 38 Lambourne Chase Chelmsford has decreased by £602 (0.3%) and its rental value has increased by £71 per month (6.1%).
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 38, Lambourne Chase, Chelmsford is in very good condition we estimate a sale value of £233,742 and rental value of £1,217 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,029 and a rental value of £1,078 per month.
If you were able to purchase this property for the estimated value of £222,612, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,094 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, 38, Lambourne Chase, Chelmsford was last sold on 19 Feb 2021 for £230,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2021, the market for similar properties has risen 3.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Lambourne Chase, Chelmsford within a radius of 570 metres over the last 2 years.
The most recent example is 48, Montfort Drive, Chelmsford, CM2 9FN, a Leasehold flat which sold for £255,000 in Dec 2023.
Read more about house prices in CM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lambourne Chase, Chelmsford, CM2 has a total of 45 addresses. According to our analysis of all the public data, 38, Lambourne Chase, Chelmsford is the 39th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £178k less expensive than the average property in CM2.
38, Lambourne Chase, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Jan 2023.
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 38, Lambourne Chase, 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 38, Lambourne Chase, Chelmsford, 34.6% of property is privately owned with a mortgage and 31.7% 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 38, Lambourne Chase, Chelmsford, 16.0% of residents are recorded as possessing school level qualifications and 41.8% 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 38, Lambourne Chase, 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 38, Lambourne Chase, Chelmsford, 0.6% 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 38, Lambourne Chase, Chelmsford, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.