According to the public record, 73, Well Lane, Chelmsford is a mid-century house with 1,227 ft2 of internal area and sits on a 292 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Well Lane, Galleywood, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
73, Well Lane, Chelmsford has no records in the Land Registry database and a single entry in the EPC database dated May 2021.
We combine this information with public data 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 73 Well Lane Chelmsford as £531,148 and the rental value as £1,900 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 73 Well Lane Chelmsford has decreased by £4,596 (0.9%) and its rental value has increased by £100 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 73, Well Lane, Chelmsford is in very good condition we estimate a sale value of £557,706 and rental value of £1,995 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £493,968 and a rental value of £1,767 per month.
If you were able to purchase this property for the estimated value of £531,148, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,610 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, 73, Well Lane, Chelmsford sits on a plot of 292m2.
We have plot size data on 41 out of 72 other houses in the postcode and 73, Well Lane, Chelmsford sits on the 34th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 73, Well Lane, Chelmsford within a radius of 97m over the last 2 years.
The most recent example is 50, Well Lane, Chelmsford, CM2 8QZ, a Freehold house which sold for £520,000 in Aug 2023.
Read more about house prices in CM2.
Well Lane, Galleywood, Chelmsford, CM2 has a total of 110 addresses. According to our analysis of all the public data, 73, Well Lane, Chelmsford is the 32nd largest and the 24th most expensive property on the street.
When compared to the postcode district it is £130k more expensive than the average property in CM2.
73, Well Lane, Chelmsford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 May 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 73, Well Lane, Chelmsford is Chelmsford station which is 4.4 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 73, Well Lane, Chelmsford, 52.4% of property is privately owned outright and 38.6% 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 73, Well Lane, Chelmsford, 15.8% of residents are recorded as possessing school level qualifications and 37.7% 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 73, Well 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 73, Well Lane, Chelmsford, 1.2% 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 73, Well 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.