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 %
- Est sale value
- 809,448.10 £Increased by 24.67 %
- Average area rental value
- 1,429.00 £/moIncreased by 5.77 %
- Est letting value
- 3,444.46 £/moIncreased by 100.00 %
- Est rental Yield
- 6.46 %Increased by 43.88 %
- Crime Rate
- 10.00 %Unchanged by 0.00 %
Agent Activity
William H. Brown marked this listing as sold.
William H. Brown created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Oaklands Infant School | Academy Converter | 0.79 KM | |
| The Cathedral Church Of England Voluntary Aided Primary School, Chelmsford | Voluntary Aided School | Requires improvement | 0.82 KM |
| Our Lady Immaculate Catholic Primary School | Academy Converter | Good | 0.84 KM |
| St Anne'S School | Other Independent School | 1.03 KM | |
| Chelmsford College | Further Education | Good | 1.05 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Grays Brewery Yard | £ 0 | 0 | 0.00 KM |
| Godfrey Mews | £ 180,000 | 0 | 0.00 KM |
| Wallace Crescent | £ 445,000 | 0 | 0.00 KM |
| Market Road | £ 335,000 | 0 | 0.00 KM |
| Victoria Road South | £ 325,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Chelmsford | 6836 | CHM | 1.07 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Mildmay Road, Chelmsford | £ 450,000 | BUY | 5 / 10 | 0.00 KM |
| Hall Street, Chelmsford | £ 210,000 | BUY | Unknown | 0.04 KM |
| Mildmay Road, Chelmsford, Essex, CM2 | £ 375,000 | BUY | 6 / 10 | 0.05 KM |
| Mildmay Road, Chelmsford, CM2 | £ 450,000 | BUY | 6 / 10 | 0.06 KM |
| Mildmay Road, Chelmsford, Essex, CM2 | £ 475,000 | BUY | 7 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 11 Mildmay Road | £ 180,000 | 0.00 KM |
| 9 Mildmay Road | £ 175,000 | 0.00 KM |
| 1 Rochford Road | £ 255,000 | 0.04 KM |
| 4 Rochford Road | £ 288,000 | 0.04 KM |
| 6 Rochford Road | £ 125,000 | 0.04 KM |