According to the public record, 51, Mascalls Way, Chelmsford is a mid-century leasehold apartment with 850 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Mascalls Way, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
51, Mascalls Way, Chelmsford has 51 entries in the Land Registry database, most recently in August 2021 and a single entry in the EPC database dated January 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 51 Mascalls Way Chelmsford as £202,922 and the rental value as £1,131 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 51 Mascalls Way Chelmsford has decreased by £1,536 (0.8%) and its rental value has increased by £63 per month (5.6%).
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 51, Mascalls Way, Chelmsford is in very good condition we estimate a sale value of £213,068 and rental value of £1,187 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £188,718 and a rental value of £1,052 per month.
If you were able to purchase this property for the estimated value of £202,922, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £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 HM Land Registry, 51, Mascalls Way, Chelmsford was last sold on 16 Aug 2021 for £191,500 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Aug 2021, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 51, Mascalls Way, Chelmsford within a radius of 670 metres over the last 2 years.
The most recent example is 192, Meadgate Avenue, Chelmsford, CM2 7LJ, a Leasehold flat which sold for £195,000 in Feb 2023.
Read more about house prices in CM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 670 metres radius of 51, Mascalls Way, Chelmsford over the last 2 years.
Most recently 22, Chelmerton Avenue, Chelmsford, CM2 9RE, a Freehold house let by Andrea & Co in Jan 2024.
Mascalls Way, Chelmsford, CM2 has a total of 48 addresses. According to our analysis of all the public data, 51, Mascalls Way, Chelmsford is the 12th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £198k less expensive than the average property in CM2.
51, Mascalls Way, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Jan 2021.
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 51, Mascalls Way, Chelmsford is Chelmsford station which is 2.1 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 51, Mascalls Way, Chelmsford, 40.4% of property is socially rented and 26.6% 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 51, Mascalls Way, Chelmsford, 21.4% of residents are recorded as possessing school level qualifications and 25.1% 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 51, Mascalls Way, 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 51, Mascalls Way, 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 51, Mascalls Way, Chelmsford, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.