Mildmay Road, Chelmsford
WI

Mildmay Road, Chelmsford

By William H. Brown

£ 450,000

Reviews

2 out of 5 stars

William H. Brown says ..

A unique opportunity to purchase a block of 2 x 2 bed homes including freehold of this fantastic City Centre development. The apartments are currently rented out at a combined figure of approximately £2525pcm and 6.73% ROI There is potential to create an extra floor subject to necessary planning.

Property Oracle says ..

This property on Mildmay Road, Chelmsford, presents a mixed bag. Located in a generally desirable area of Chelmsford, it benefits from relatively good access to transport links and several schools. However, its exact position within Mildmay Road isn’t specified and this is important for determining its precise desirability. The house itself, based on the provided photos, shows a blend of positives and negatives. The presence of a small garden and a garage is a plus point, though the external appearance indicates that the property would likely benefit from some exterior maintenance or renovation. The internal photos reveal a property that is habitable but requires modernisations to increase its desirability. There is a clear need for updates to both bathrooms, which appear somewhat dated in design and fittings. The kitchen is functional but also could use updating. The provided floor plans suggest potential for extending the property, adding value, but this would require planning permission and associated costs. The lack of precise square footage information for the nearby properties makes definitive comparison difficult. The property is listed at £450,000; while not overpriced, considering the need for renovations and the lack of information on specific plot size and local sqft prices, it’s difficult to definitively say whether it represents outstanding value for money. A potential buyer needs to factor in the potential renovation costs for an accurate cost/benefit assessment.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
5
Location
7
Land
3
Bedrooms
4
Bathrooms
2
Sqft (est)
1,722.23

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
265,556.00 £
Decreased by 26.45 %
from 361,050.00 £
Est sale value
809,448.10 £
Increased by 24.67 %
from 649,280.71 £
Average area rental value
1,429.00 £/mo
Increased by 5.77 %
from 1,351.00 £/mo
Est letting value
3,444.46 £/mo
Increased by 100.00 %
from 1,722.23 £/mo
Est rental Yield
6.46 %
Increased by 43.88 %
from 4.49 %
Crime Rate
10.00 %
Unchanged by 0.00 %
from 10.00 %

Agent Activity

  • William H. Brown marked this listing as sold.

  • William H. Brown created the listing.

Nearby Schools

NameTypeOfstedDistance
Oaklands Infant SchoolAcademy Converter0.79 KM
The Cathedral Church Of England Voluntary Aided Primary School, ChelmsfordVoluntary Aided SchoolRequires improvement0.82 KM
Our Lady Immaculate Catholic Primary SchoolAcademy ConverterGood0.84 KM
St Anne'S SchoolOther Independent School1.03 KM
Chelmsford CollegeFurther EducationGood1.05 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Grays Brewery Yard £ 000.00 KM
Godfrey Mews £ 180,00000.00 KM
Wallace Crescent £ 445,00000.00 KM
Market Road £ 335,00000.00 KM
Victoria Road South £ 325,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Chelmsford6836CHM1.07 KM

Nearby Listings

AddressPriceTypeScoreDistance
Mildmay Road, Chelmsford £ 450,000BUY5 / 100.00 KM
Hall Street, Chelmsford £ 210,000BUYUnknown0.04 KM
Mildmay Road, Chelmsford, Essex, CM2 £ 375,000BUY6 / 100.05 KM
Mildmay Road, Chelmsford, CM2 £ 450,000BUY6 / 100.06 KM
Mildmay Road, Chelmsford, Essex, CM2 £ 475,000BUY7 / 100.06 KM

Nearby Properties

AddressPriceDistance
11 Mildmay Road £ 180,0000.00 KM
9 Mildmay Road £ 175,0000.00 KM
1 Rochford Road £ 255,0000.04 KM
4 Rochford Road £ 288,0000.04 KM
6 Rochford Road £ 125,0000.04 KM