According to the public record, 5, Friars Close, Chelmsford is a modern freehold house with 678 ft2 of internal area and sits on a 167 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Friars Close, Great Baddow, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
5, Friars Close, Chelmsford has a single entry in the Land Registry database from September 2013 and a single entry in the EPC database dated July 2013.
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 5 Friars Close Chelmsford as £326,751 and the rental value as £1,473 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 5 Friars Close Chelmsford has decreased by £4,638 (1.4%) and its rental value has increased by £72 per month (4.9%).
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 5, Friars Close, Chelmsford is in very good condition we estimate a sale value of £343,088 and rental value of £1,547 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £303,878 and a rental value of £1,370 per month.
If you were able to purchase this property for the estimated value of £326,751, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,606 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, 5, Friars Close, Chelmsford sits on a plot of 167m2.
We have plot size data on 5 out of 5 other houses in the postcode and 5, Friars Close, Chelmsford sits on the 3rd largest plot.
According to HM Land Registry, 5, Friars Close, Chelmsford was last sold on 16 Sep 2013 for £255,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2013, the market for similar properties has risen 54.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Friars Close, Chelmsford within a radius of 590 metres over the last 2 years.
The most recent example is 19, The Dell, Chelmsford, CM2 7JY, a Freehold house which sold for £430,000 in Feb 2023.
Read more about house prices in CM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Friars Close, Great Baddow, Chelmsford, CM2 has a total of 5 addresses. According to our analysis of all the public data, 5, Friars Close, Chelmsford is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £74k less expensive than the average property in CM2.
5, Friars Close, Chelmsford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Jul 2013.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 5, Friars Close, Chelmsford is Chelmsford station which is 3.4 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 5, Friars Close, Chelmsford, 45.7% of property is privately owned outright and 30.2% 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 5, Friars Close, Chelmsford, 11.7% of residents are recorded as possessing school level qualifications and 34.8% 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 5, Friars Close, 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 5, Friars Close, Chelmsford, 1.7% 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 5, Friars Close, 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.