# 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
- Last sold: £375,000 Jan 2026
- 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

## 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:** 29.8%
- **10y growth:** 22.3%

## 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) |