According to the public record, 92, Meadgate Avenue, Chelmsford is a mid-century leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Meadgate Avenue, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
92, Meadgate Avenue, Chelmsford has 41 entries in the Land Registry database, most recently in April 2014 and a single entry in the EPC database dated March 2014.
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 92 Meadgate Avenue Chelmsford as £162,715 and the rental value as £945 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 92 Meadgate Avenue Chelmsford has decreased by £1,454 (0.9%) and its rental value has increased by £52 per month (5.5%).
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 92, Meadgate Avenue, Chelmsford is in very good condition we estimate a sale value of £170,851 and rental value of £992 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £151,325 and a rental value of £879 per month.
If you were able to purchase this property for the estimated value of £162,715, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £800 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, 92, Meadgate Avenue, Chelmsford was last sold on 11 Apr 2014 for £95,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2014, the market for similar properties has risen 38.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 92, Meadgate Avenue, Chelmsford within a radius of 570 metres over the last 2 years.
The most recent example is 153, Meadgate Avenue, Chelmsford, CM2 7NH, a Leasehold flat which sold for £160,000 in Sep 2021.
Read more about house prices in CM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 570 metres radius of 92, Meadgate Avenue, Chelmsford over the last 2 years.
Most recently 22, Chelmerton Avenue, Chelmsford, CM2 9RE, a Freehold house let by Andrea & Co in Jan 2024.
Meadgate Avenue, Chelmsford, CM2 has a total of 397 addresses. According to our analysis of all the public data, 92, Meadgate Avenue, Chelmsford is the 296th largest and the 306th most expensive property on the street.
When compared to the postcode district it is £238k less expensive than the average property in CM2.
92, Meadgate Avenue, Chelmsford has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 01 Mar 2014.
The property is connected to mains gas and has single glazed windows. It is heated using room heaters.
The closest station to 92, Meadgate Avenue, Chelmsford is Chelmsford station which is 1.9 kilometres 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 92, Meadgate Avenue, Chelmsford, 41.4% of property is socially rented and 21.1% 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 92, Meadgate Avenue, Chelmsford, 18.8% of residents are recorded as possessing school level qualifications and 21.5% 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 92, Meadgate Avenue, Chelmsford, the average age was 40.8 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 92, Meadgate Avenue, 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 92, Meadgate Avenue, Chelmsford, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.