7 Payne Place, East Hanningfield, Chelmsford, CM3 8UU is a leasehold flat built between 1976-1982. The property offers approximately 614 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £196,908 , which equates to approximately £321 per square foot. It was last sold on 20 Apr 2023 for £192,000. Since then, the value has increased by £4,908, representing a 2.6% increase, or approximately 1.0% per year.

The current estimated value of £196,908 is:

  • 22.1% lower than the average property price on Payne Place
  • 23.0% lower than the average in the CM3 8UU postcode area
  • and 54.8% lower than the average price for Chelmsford as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 10 December 2020, the property was recorded as rented.

View sold house prices in CM3 8UU

Building approximate location

About Property

Type
Flat
Built
1976-1982
Interior Size
614 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£196,908
Price Per sq ft (estimate)
£321
Bedroom Count (estimate)
1 bedroom

EPC Summary

7 Payne Place, East Hanningfield, Chelmsford, Essex, CM3 8UU has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 10 Dec 2020.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 26 Jun 2010, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 21.9%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from average to good, while the heating system type remained the same (boiler and radiators, mains gas).
  • The hot water energy efficiency improving from average to good, while the system remained as from main system.
  • The roof construction or insulation changed from pitched, 100 mm loft insulation to pitched, 270 mm loft insulation, improving energy efficiency from average to good.
  • The wall construction or insulation changed from cavity wall, as built, no insulation (assumed) to cavity wall, filled cavity, improving energy efficiency from poor to good.
  • The windows were upgraded from partial double glazing to fully double glazed.
  • The lighting was changed from low energy lighting in 75% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 270 mm loft insulation
Good
Walls
Cavity wall, filled cavity
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to CM3 8UU

9 th / 13
Price Rank
23% lower than average
8 th / 10
Size Rank
26% smaller than average
7 th / 10
Price Per Sq FT Rank
4% higher than average

Compared to other properties in CM3 8UU , this flat's estimated value ranks 9th out of 13. Based on price per square foot, it ranks 7th out of 10 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 8th out of 10 properties in its postcode area.

Sale History

Today
£196,908
streetscan.co.uk estimate
+3 %
20 Apr 2023
£192,000
Leasehold
+92 %
9 Oct 2009
£100,000
Leasehold
-15.3 %
18 Mar 2005
£118,000
Leasehold
+252.2 %
15 Aug 1997
£33,500
Leasehold
+24.1 %
29 Feb 1996
£27,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 635 sq ft
sale price: £90,000
sale date: 15 May 2007

Data Sources

The property at 7 Payne Place, East Hanningfield, Chelmsford, CM3 8UU appears five times in the Land Registry records, with the latest transaction recorded on 20 Apr 2023. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 10 Dec 2020. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.