According to the public record, 7, Watchouse Road, Chelmsford is a mid-century freehold house and with 1,076 ft2 of internal area and sits on a 417 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Watchouse Road, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
7, Watchouse Road, Chelmsford has 21 entries in the Land Registry database, most recently in November 2019 and a single entry in the EPC database dated September 2019.
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 7 Watchouse Road Chelmsford as £403,565 and the rental value as £1,807 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 7 Watchouse Road Chelmsford has decreased by £3,492 (0.9%) and its rental value has increased by £95 per month (5.3%).
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, Watchouse Road, Chelmsford is in very good condition we estimate a sale value of £423,743 and rental value of £1,897 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £375,316 and a rental value of £1,681 per month.
If you were able to purchase this property for the estimated value of £403,565, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,983 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, 7, Watchouse Road, Chelmsford sits on a plot of 417m2.
We have plot size data on 30 out of 42 other houses in the postcode and 7, Watchouse Road, Chelmsford sits on the 21st largest plot.
According to HM Land Registry, 7, Watchouse Road, Chelmsford was last sold on 29 Nov 2019 for £367,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2019, the market for similar properties has risen 10.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Watchouse Road, Chelmsford within a radius of 318m over the last 2 years.
The most recent example is 13, Glebe View, Chelmsford, CM2 8PZ, a Freehold house which sold for £395,000 in Apr 2023.
Read more about house prices in CM2.
Watchouse Road, Chelmsford, CM2 has a total of 159 addresses. According to our analysis of all the public data, 7, Watchouse Road, Chelmsford is the 73rd largest and the 95th most expensive property on the street.
When compared to the postcode district it is £3k more expensive than the average property in CM2.
7, Watchouse Road, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Sep 2019.
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 7, Watchouse Road, Chelmsford is Chelmsford station which is 4.2 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, Watchouse Road, Chelmsford, 42.3% of property is socially rented and 30.9% is privately owned outright.
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, Watchouse Road, Chelmsford, 15.2% of residents are recorded as possessing school level qualifications and 20.9% 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 7, Watchouse Road, 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 7, Watchouse Road, 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 7, Watchouse Road, Chelmsford, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.