According to the public record, 7, Yeldham Lock, Chelmsford is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 914 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Yeldham Lock, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
7, Yeldham Lock, Chelmsford has 31 entries in the Land Registry database, most recently in August 2008 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 Yeldham Lock Chelmsford as £426,773 and the rental value as £1,717 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 7 Yeldham Lock Chelmsford has decreased by £5,191 (1.2%) and its rental value has increased by £87 per month (5.1%).
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, Yeldham Lock, Chelmsford is in very good condition we estimate a sale value of £448,112 and rental value of £1,802 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £396,899 and a rental value of £1,596 per month.
If you were able to purchase this property for the estimated value of £426,773, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,097 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, Yeldham Lock, Chelmsford was last sold on 15 Aug 2008 for £235,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2008, the market for similar properties has risen 77.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Yeldham Lock, Chelmsford within a radius of 240m over the last 2 years.
The most recent example is 10, Hollis Lock, Chelmsford, CM2 6RR, a Freehold house which sold for £450,000 in Jun 2023.
Read more about house prices in CM2.
Yeldham Lock, Chelmsford, CM2 has a total of 27 addresses. According to our analysis of all the public data, 7, Yeldham Lock, Chelmsford is the 19th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £26k more expensive than the average property in CM2.
The closest station to 7, Yeldham Lock, Chelmsford is Beaulieu Park station which is 2.7 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, Yeldham Lock, Chelmsford, 47.6% of property is privately owned outright and 34.3% 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, Yeldham Lock, Chelmsford, 9.3% 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 7, Yeldham Lock, 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, Yeldham Lock, 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, Yeldham Lock, 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.