According to the public record, 56, Rignals Lane, Chelmsford is a mid-century freehold house and with 850 ft2 of internal area and sits on a 223 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Rignals Lane, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
56, Rignals Lane, Chelmsford has a single entry in the Land Registry database from March 2015 and a single entry in the EPC database dated March 2015.
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 56 Rignals Lane Chelmsford as £426,242 and the rental value as £1,597 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 56 Rignals Lane Chelmsford has decreased by £4,903 (1.2%) 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 56, Rignals Lane, Chelmsford is in very good condition we estimate a sale value of £447,554 and rental value of £1,677 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £396,405 and a rental value of £1,485 per month.
If you were able to purchase this property for the estimated value of £426,242, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,095 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, 56, Rignals Lane, Chelmsford sits on a plot of 223m2.
We have plot size data on 22 out of 49 other houses in the postcode and 56, Rignals Lane, Chelmsford sits on the 19th largest plot.
According to HM Land Registry, 56, Rignals Lane, Chelmsford was last sold on 31 Mar 2015 for £270,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2015, the market for similar properties has risen 32.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Rignals Lane, Chelmsford within a radius of 131m over the last 2 years.
The most recent example is 32, Cannon Leys, Chelmsford, CM2 8PD, a Freehold house which sold for £430,000 in Jun 2023.
Read more about house prices in CM2.
Rignals Lane, Chelmsford, CM2 has a total of 70 addresses. According to our analysis of all the public data, 56, Rignals Lane, Chelmsford is the 48th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £25k more expensive than the average property in CM2.
56, Rignals Lane, Chelmsford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Mar 2015.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 56, Rignals Lane, Chelmsford is Chelmsford station which is 4.0 km 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 56, Rignals Lane, Chelmsford, 55.3% of property is privately owned outright and 32.5% 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 56, Rignals Lane, Chelmsford, 16.5% of residents are recorded as possessing school level qualifications and 23.8% 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 56, Rignals Lane, Chelmsford, the average age was 44 and the most common age was 57.
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 56, Rignals 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 56, Rignals Lane, Chelmsford, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.