New Street, Chelmsford, CM1
KN

New Street, Chelmsford, CM1

By Knight West Property Consultants

£ 500,000

Reviews

4 out of 5 stars

Knight West Property Consultants says ..

Located in the most central point of the City is this stylish penthouse apartment situated just a few minutes walk of the railway station, shops, restaurants and bars. Victoria Court makes the perfect development for those commuting as well as anyone who works within Chelmsford's City Centre w...

Property Oracle says ..

This property is a 3 bedroom, 2 bathroom penthouse apartment located in Victoria Court, Chelmsford, Essex. The apartment is 2,574 square feet and situated on a 1,430 square foot plot. The list price is £500,000. The location is excellent, with Chelmsford train station just 0.69km away, providing easy access to London and other parts of the UK. Several schools are also within a reasonable distance, including The Cathedral Church Of England Voluntary Aided Primary School (0.18km) and Anglia Ruskin University (0.44km). The proximity to these amenities makes this property highly desirable. Based on the images provided, the property appears to be in excellent condition. It is modern, well-maintained, and boasts a contemporary design. The finishes are high-quality, and the overall impression is one of a luxurious and well-appointed apartment. The property includes a substantial private roof terrace, offering outdoor space. While not a large garden, this terrace provides a significant amenity in an urban setting. Considering the property’s size (2,574 sqft), location, condition, and included private terrace, the asking price of £500,000 appears reasonable. The average price per square foot in the area is £408, and this penthouse significantly exceeds the average size of properties in the area. The high-quality finish and modern design further justify the price. While some nearby apartments are listed at lower prices, they are considerably smaller and may not offer the same amenities or condition.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
8
Condition
9
Location
10
Land
7
Bedrooms
3
Bathrooms
2
Sqft (est)
2,574.00
Lot (est)
1,430.00

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
1,209,780.00 £
Increased by 24.67 %
from 970,398.00 £
Average area rental value
1,429.00 £/mo
Increased by 5.77 %
from 1,351.00 £/mo
Est letting value
5,148.00 £/mo
Increased by 100.00 %
from 2,574.00 £/mo
Est rental Yield
6.46 %
Increased by 43.88 %
from 4.49 %
Crime Rate
25.00 %
Unchanged by 0.00 %
from 25.00 %

Agent Activity

  • Knight West Property Consultants created the listing.

Nearby Schools

NameTypeOfstedDistance
The Cathedral Church Of England Voluntary Aided Primary School, ChelmsfordVoluntary Aided SchoolRequires improvement0.18 KM
Anglia Ruskin UniversityHigher Education Institutions0.44 KM
Chelmsford County High School For GirlsAcademy Converter1.02 KM
King Edward Vi Grammar School, ChelmsfordAcademy Converter1.17 KM
Trinity Road Primary SchoolCommunity SchoolGood1.18 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Eckersley Road £ 230,00000.00 KM
Alan Cherry Drive £ 000.00 KM
Grays Brewery Yard £ 000.00 KM
Market Road £ 335,00000.00 KM
Victoria Road South £ 325,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Chelmsford6836CHM0.69 KM

Nearby Listings

AddressPriceTypeScoreDistance
New Street, Chelmsford, CM1 £ 500,000BUY8 / 100.00 KM
Victoria Court, Chelmsford £ 240,000BUY5 / 100.01 KM
Victoria Court, New Street, CM1 £ 250,000BUY6 / 100.03 KM
Victoria Road, Chelmsford £ 325,000BUY6 / 100.03 KM
Victoria Road, Chelmsford £ 325,000BUY6 / 100.03 KM

Nearby Properties

AddressPriceDistance
48 Victoria Road £ 265,0000.15 KM
55 Victoria Road £ 100,0000.15 KM
67a Victoria Road £ 205,0000.15 KM
58a Victoria Road £ 160,0000.16 KM
73 Victoria Road £ 208,0000.16 KM