According to the public record, 50, Gilmore Way, Chelmsford is a mid-century freehold house with 871 ft2 of internal area and sits on a 288 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gilmore Way, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
50, Gilmore Way, Chelmsford has 3 entries in the Land Registry database, most recently in July 2024 and a single entry in the EPC database dated March 2024.
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 50 Gilmore Way Chelmsford as £406,272 and the rental value as £1,614 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 50 Gilmore Way Chelmsford has decreased by £5,368 (1.3%) and its rental value has increased by £80 per month (5.0%).
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 50, Gilmore Way, Chelmsford is in very good condition we estimate a sale value of £426,586 and rental value of £1,694 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £377,833 and a rental value of £1,501 per month.
If you were able to purchase this property for the estimated value of £406,272, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,997 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, 50, Gilmore Way, Chelmsford sits on a plot of 288m2.
We have plot size data on 10 out of 17 other houses in the postcode and 50, Gilmore Way, Chelmsford sits on the 4th largest plot.
According to HM Land Registry, 50, Gilmore Way, Chelmsford was last sold on 15 Jul 2024 for £413,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jul 2024, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50, Gilmore Way, Chelmsford within a radius of 860 metres over the last 2 years.
The most recent example is 9, Pawle Close, Chelmsford, CM2 7AY, a Freehold house which sold for £375,000 in Dec 2023.
Read more about house prices in CM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gilmore Way, Chelmsford, CM2 has a total of 61 addresses. According to our analysis of all the public data, 50, Gilmore Way, Chelmsford is the 32nd largest and the 39th most expensive property on the street.
When compared to the postcode district it is £5k more expensive than the average property in CM2.
50, Gilmore Way, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Mar 2024.
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 50, Gilmore Way, Chelmsford is Chelmsford station which is 3.6 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 50, Gilmore Way, Chelmsford, 52.0% of property is privately owned outright and 33.9% 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 50, Gilmore Way, Chelmsford, 17.3% of residents are recorded as possessing school level qualifications and 34.9% 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 50, Gilmore Way, 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 50, Gilmore Way, Chelmsford, 1.3% 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 50, Gilmore Way, 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.