Terraced 2 sales on record

2 HARDY CLOSE

CHELMSFORD, ESSEX, CM1 1AE

£375,000

Location

Map view View on Google Maps View on OpenStreetMap Street View CM1 1AE

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Fire Station	0.1 miles
Shop	Londis	0.2 miles
Train station	Chelmsford	0.3 miles
Hospital	Chelmsford and Essex (C&E) Centre	0.4 miles
University	Writtle School of Design	1.5 miles

Property details

Tenure

Freehold

Property type

Terraced

Floor area

97 m²

EPC rating

Last sold

£375,000 Jan 2026

Price per m²

£3,866/m²

Local average

£399,547 (44 sales)

Street crime

587 incidents within 1 mile (Apr 2026)

EPC Rating & Upgrade Cost

Current rating: B

Potential rating: A

Inspection date: 20/03/2019

Current heating cost: £187/year

Potential heating cost: £187/year

Est. upgrade cost to C: £11,500

Recommendations

Solar water heating (£4,000 - £6,000)
Solar photovoltaic panels, 2.5 kWp (£5,000 - £8,000)

View full EPC on gov.uk

Price history

Event	Date	Price	Type	% change	Today’s value (HPI)	Action
Sold	21/01/2026	£375,000	Terraced	+50%	£373,129 to March 2026	View transaction
Sold	22/12/2015	£250,000	Terraced	—	£346,662 to March 2026	View transaction

Historic listings

No historic listing events could be matched to the sales on record for this address. We only show events where a listing page could be linked to a Land Registry sale here.

Sold comparables

Same street and nearby sales within 0.25 miles (last 5 years). Land Registry Price Paid Data.

Address	Price	Date	Type
56 HARDY CLOSE, CHELMSFORD, ESSEX, CM1 1AE	£430,000	05/12/2025	Terraced
70 COVAL LANE, CHELMSFORD, ESSEX, CM1 1TG	£230,000	06/10/2022	Terraced
4 CRAMPHORN WALK, CHELMSFORD, ESSEX, CM1 2RD	£327,000	08/07/2022	Terraced
30 CRAMPHORN WALK, CHELMSFORD, ESSEX, CM1 2RD	£325,000	15/07/2021	Terraced
28 HARDY CLOSE, CHELMSFORD, ESSEX, CM1 1AE	£440,000	24/06/2021	Terraced

Area average: £350,400 (5 sales)

For sale comparables

No active for-sale comparables found within 1 mile for the same property type.

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 28.1%

10y growth 29.1%

House Price Index (HM Land Registry — official index, not sold-price averages): Chelmsford. Series: Terraced. As of March 2026.

1y (index) 1%

5y (index) 12.1%

10y (index) 33.3%

Rental Range

Estimated market rent for Chelmsford. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,298/mo

Realistic £1,442/mo

Optimistic £1,586/mo

Based on Local Authority from postcode lookup → Chelmsford.

LHA (30th percentile) floor for Chelmsford: Apr 2025 – Mar 2026

Rental Comparables

Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
3 Bed Maisonette, Prykes Drive, CM1	£1,500/mo	3	0.07 miles	OpenRent

Average rent: £1,500/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.4%

Max investor price (0.8%) £187,500

Target investor price (1%) £150,000

Gross yield 4.8%

Cost-to-rent ratio 20.8×

Monthly cashflow £-152/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -1.7%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

Flood risk

Zone: 1

Risk: Low

Not in Flood Risk Area (no data)

Street-level crime

Category	Count
Violence and sexual offences	205
Shoplifting	98
Anti-social behaviour	66
Drugs	56
Public order	41
Criminal damage and arson	32
Other theft	29
Vehicle crime	16
Other crime	10
Robbery	10
Bicycle theft	9
Burglary	8
Possession of weapons	6
Theft from the person	1
Total incidents	587

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
King Edward VI Grammar School, Chelmsford	Secondary	0.4 miles	Outstanding — 31 Jan 2022
Our Lady Immaculate Catholic Primary School	Primary	0.4 miles	Good — 24 Jun 2013
St Anne's School	Other	0.5 miles	— (No rating)
Maltese Road Primary School	Primary	0.5 miles	Good — 6 Jun 2018
Community College Initiative Ltd	Other	0.5 miles	— (No rating)

FENSA

Checking FENSA certificates for this address. Refresh in a few minutes.

# 2 HARDY CLOSE, CHELMSFORD, ESSEX, CM1 1AE

## Property details

- Slug: `df40169` (address key hash: `df40169a0f1b3bfaa47bbe6f8fa967bc05db4d44`)
- Postcode: CM1 1AE
- Transactions on record: 2

- Tenure: Freehold
- Property type: Terraced
- Floor area: 97 m²
- EPC rating: B
- Last sold: £375,000 Jan 2026
- Price per m²: £3,866/m²
- Local average: £399,547 (44 sales)
- Street crime: 587 incidents within 1 mile (Apr 2026)

## Latest sale

- Price: £375,000
- Date: 2026-01-21
- Type: T
- Tenure: F

## EPC Rating & Upgrade Cost

- **Current rating:** B
- **Potential rating:** A
- **Current heating cost:** £187/year
- **Est. upgrade cost to C:** £11,500

### Recommendations
- N (£4,000 - £6,000)
- U (£5,000 - £8,000)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8631-7337-6580-6290-8922)

## Price history

| Event | Date | Price | Type | % change | Today’s value (HPI) | Transaction |
|-------|------|-------|------|--------|---------------------|-------------|
| Sold | 2026-01-21 | £375,000 | Terraced | +50% | £373,129 (to March 2026) | [View](http://87.117.209.195:8080/house-prices/49e87c31-dcae-591c-e063-4704a8c00c31) |
| Sold | 2015-12-22 | £250,000 | Terraced | — | £346,662 (to March 2026) | [View](http://87.117.209.195:8080/house-prices/3e0330ef-b809-8d89-e050-a8c062052140) |

*Today’s value (HPI): adjusted using published house price index trends for the area and property type; not a valuation of the property today.*

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 2 HARDY CLOSE, CHELMSFORD, ESSEX, CM1 1AE | £375,000 | 21/01/2026 | Terraced |
| 2 HARDY CLOSE, CHELMSFORD, ESSEX, CM1 1AE | £250,000 | 22/12/2015 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 56 HARDY CLOSE, CHELMSFORD, ESSEX, CM1 1AE | £430,000 | 05/12/2025 | Terraced |
| 70 COVAL LANE, CHELMSFORD, ESSEX, CM1 1TG | £230,000 | 06/10/2022 | Terraced |
| 4 CRAMPHORN WALK, CHELMSFORD, ESSEX, CM1 2RD | £327,000 | 08/07/2022 | Terraced |
| 30 CRAMPHORN WALK, CHELMSFORD, ESSEX, CM1 2RD | £325,000 | 15/07/2021 | Terraced |
| 28 HARDY CLOSE, CHELMSFORD, ESSEX, CM1 1AE | £440,000 | 24/06/2021 | Terraced |

**Area average:** £350,400 (5 sales)

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 28.1%
- **10y growth:** 29.1%

## House Price Index (HM Land Registry)

*Official index for Chelmsford; Terraced series; as of March 2026.*

- **1y growth (index):** 1%
- **5y growth (index):** 12.1%
- **10y growth (index):** 33.3%

## Rental Range

*ONS Price Index of Private Rents (Chelmsford). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,298/mo
- **Realistic:** £1,442/mo
- **Optimistic:** £1,586/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Chelmsford (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed Maisonette, Prykes Drive, CM1 | £1,500/mo | 3 | 0.07 miles | OpenRent |

**Average rent: £1,500/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.4% (weak for cashflow)
- **Max investor price (0.8%):** £187,500
- **Target investor price (1%):** £150,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,500/mo).*

- **Gross yield:** 4.8%
- **Cost-to-rent:** 20.8×
- **Monthly cashflow:** £-152/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -1.7%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Not in Flood Risk Area (no data)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

## Street-level crime

| Category | Count |
|----------|-------|
| Violence and sexual offences | 205 |
| Shoplifting | 98 |
| Anti-social behaviour | 66 |
| Drugs | 56 |
| Public order | 41 |
| Criminal damage and arson | 32 |
| Other theft | 29 |
| Vehicle crime | 16 |
| Other crime | 10 |
| Robbery | 10 |
| Bicycle theft | 9 |
| Burglary | 8 |
| Possession of weapons | 6 |
| Theft from the person | 1 |
| **Total incidents** | **587** |

*Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).*

## Schools nearby

*Nearest open schools with Ofsted ratings (England). Closed schools are not shown.*

| Name | Type | Distance | Ofsted |
|------|------|----------|--------|
| King Edward VI Grammar School, Chelmsford | Secondary | 0.4 miles | Outstanding — 31 Jan 2022 |
| Our Lady Immaculate Catholic Primary School | Primary | 0.4 miles | Good — 24 Jun 2013 |
| St Anne's School | Other | 0.5 miles | — (No rating) |
| Maltese Road Primary School | Primary | 0.5 miles | Good — 6 Jun 2018 |
| Community College Initiative Ltd | Other | 0.5 miles | — (No rating) |