According to the public record, Flat 7, Beacon House 15-21, Chelmsford is a period leasehold apartment and with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Beacon House, Rainsford Road, Chelmsford, CM1.
Rainsford Road, Chelmsford, CM1 is located in the borough of Chelmsford within the CM1 postal district.
Flat 7, Beacon House 15-21, Chelmsford has a single entry in the Land Registry database from June 2023 and 2 entries in the EPC database, most recently in March 2021.
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 Flat 7 Beacon House 15-21 Chelmsford as £236,925 and the rental value as £1,169 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 7 Beacon House 15-21 Chelmsford has increased by £999 (0.4%) and its rental value has increased by £77 per month (6.6%).
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 Flat 7, Beacon House 15-21, Chelmsford is in very good condition we estimate a sale value of £248,771 and rental value of £1,227 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £220,340 and a rental value of £1,087 per month.
If you were able to purchase this property for the estimated value of £236,925, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,164 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, Flat 7, Beacon House 15-21, Chelmsford was last sold on 26 Jun 2023 for £230,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2023, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Beacon House 15-21, Chelmsford within a radius of 0m over the last 2 years.
The most recent example is Flat 15, Beacon House 15-21, Rainsford Road, Chelmsford, CM1 2XL, a Leasehold flat which sold for £225,000 in Mar 2023.
Read more about house prices in CM1.
Rainsford Road, Chelmsford, CM1 has a total of 277 addresses. According to our analysis of all the public data, Flat 7, Beacon House 15-21, Chelmsford is the 211th largest and the 229th most expensive property on the street.
When compared to the postcode district it is £165k less expensive than the average property in CM1.
Flat 7, Beacon House 15-21, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Mar 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using elecric underfloor heating.
The closest station to Flat 7, Beacon House 15-21, Chelmsford is Chelmsford station which is 300 m 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 Flat 7, Beacon House 15-21, Chelmsford, 63.2% of property is privately rented and 22.3% 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 Flat 7, Beacon House 15-21, Chelmsford, 14.7% of residents are recorded as possessing school level qualifications and 49.7% 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 Flat 7, Beacon House 15-21, Chelmsford, the average age was 38.2 and the most common age was 32.
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 Flat 7, Beacon House 15-21, Chelmsford, 0.5% 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 Flat 7, Beacon House 15-21, Chelmsford, there are an average of 0.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.