According to the public record, 4, Molrams Lane, Chelmsford is a mid-century house with 1,108 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Molrams Lane, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
4, Molrams Lane, Chelmsford has no records in the Land Registry database and a single entry in the EPC database dated December 2012.
We combine this information with public data 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 4 Molrams Lane Chelmsford as £483,689 and the rental value as £1,900 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 4 Molrams Lane Chelmsford has decreased by £4,531 (0.9%) and its rental value has increased by £102 per month (5.4%).
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 4, Molrams Lane, Chelmsford is in very good condition we estimate a sale value of £507,874 and rental value of £1,995 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £449,831 and a rental value of £1,767 per month.
If you were able to purchase this property for the estimated value of £483,689, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,377 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Molrams Lane, Chelmsford within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 170, Maldon Road, Chelmsford, CM2 7DG, a Freehold house which sold for £500,000 in Mar 2024.
Read more about house prices in CM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Molrams Lane, Chelmsford, CM2 has a total of 63 addresses. According to our analysis of all the public data, 4, Molrams Lane, Chelmsford is the 19th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £83k more expensive than the average property in CM2.
4, Molrams Lane, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Dec 2012.
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 4, Molrams Lane, Chelmsford is Chelmsford station which is 3.8 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 4, Molrams Lane, Chelmsford, 50.0% of property is privately owned outright and 40.3% 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 4, Molrams Lane, Chelmsford, 19.9% of residents are recorded as possessing school level qualifications and 32.4% 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 4, Molrams Lane, 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 4, Molrams Lane, Chelmsford, 0.0% 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 4, Molrams Lane, Chelmsford, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.