According to the public record, 40B, Park View Crescent, Chelmsford is a modern leasehold apartment and with 828 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 40, Park View Crescent, Great Baddow, Chelmsford, CM2.
Park View Crescent, Great Baddow, Chelmsford, CM2 is located in the borough of Chelmsford within the CM2 postal district.
40B, Park View Crescent, Chelmsford has 2 entries in the Land Registry database, most recently in October 2019 and 2 entries in the EPC database, most recently in November 2018.
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 40B Park View Crescent Chelmsford as £287,827 and the rental value as £1,378 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 40B Park View Crescent Chelmsford has increased by £1,989 (0.7%) and its rental value has increased by £98 per month (7.1%).
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 40B, Park View Crescent, Chelmsford is in very good condition we estimate a sale value of £302,219 and rental value of £1,447 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,679 and a rental value of £1,282 per month.
If you were able to purchase this property for the estimated value of £287,827, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,415 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, 40B, Park View Crescent, Chelmsford was last sold on 17 Oct 2019 for £240,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2019, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40B, Park View Crescent, Chelmsford within a radius of 430m over the last 2 years.
The most recent example is 3, Taylor Way, Chelmsford, CM2 8ZG, a Leasehold flat which sold for £270,000 in Mar 2023.
Read more about house prices in CM2.
Park View Crescent, Great Baddow, Chelmsford, CM2 has a total of 50 addresses. According to our analysis of all the public data, 40B, Park View Crescent, Chelmsford is the 23rd largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £113k less expensive than the average property in CM2.
40B, Park View Crescent, Chelmsford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Nov 2018.
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 40B, Park View Crescent, Chelmsford is Chelmsford station which is 3.7 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 40B, Park View Crescent, Chelmsford, 33.1% of property is privately owned outright and 33.1% 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 40B, Park View Crescent, Chelmsford, 15.0% of residents are recorded as possessing school level qualifications and 32.2% 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 40B, Park View Crescent, 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 40B, Park View Crescent, Chelmsford, 3.2% 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 40B, Park View Crescent, Chelmsford, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.