According to the public record, 7 Alexandra Court, Chelmsford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 771 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Alexandra Court, Church Street, Great Baddow, Chelmsford, CM2.
Church Street, Great Baddow, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
7 Alexandra Court, Chelmsford has 2 entries in the Land Registry database, most recently in December 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 Alexandra Court Chelmsford as £281,851 and the rental value as £1,316 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 7 Alexandra Court Chelmsford has decreased by £6,034 (2.1%) and its rental value has increased by £54 per month (4.1%).
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 7 Alexandra Court, Chelmsford is in very good condition we estimate a sale value of £295,944 and rental value of £1,382 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £262,122 and a rental value of £1,224 per month.
If you were able to purchase this property for the estimated value of £281,851, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,385 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, 7 Alexandra Court, Chelmsford was last sold on 17 Dec 2021 for £378,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2021, the market for similar properties has dropped 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Alexandra Court, Chelmsford within a radius of 0m over the last 2 years.
The most recent example is 9 Alexandra Court, Church Street, Chelmsford, CM2 7HY, a Leasehold flat which sold for £320,000 in Jun 2021.
Read more about house prices in CM2.
Church Street, Great Baddow, Chelmsford, CM2 has a total of 60 addresses. According to our analysis of all the public data, 7 Alexandra Court, Chelmsford is the 38th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £119k less expensive than the average property in CM2.
The closest station to 7 Alexandra Court, Chelmsford is Chelmsford station which is 3.6 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 7 Alexandra Court, Chelmsford, 55.8% of property is privately owned outright and 37.0% 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 7 Alexandra Court, Chelmsford, 19.0% of residents are recorded as possessing school level qualifications and 33.5% 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 7 Alexandra Court, 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 7 Alexandra Court, Chelmsford, 2.9% 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 7 Alexandra Court, 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.