# 1 bedroom maisonette for sale (CM1 4EY) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 4, 28 - 30, THIRD AVENUE, CHELMSFORD, ESSEX CM1 4EY | | Price | £245,000 | | Bedrooms | 1 | | Bathrooms | 1 | | Council tax | B | | Last sold | £232,500 Nov 2025 | ## Description Offered for sale with vacant possession and no onward chain is this GROUND FLOOR MAISONETTE situated in the highly favoured and sought after "Avenues" location on the Northern fringe of the City centre convenient for access back to the City itself and station. It has the benefit of DIRECT ACCESS to the communal gardens from the lounge and has an allocated parking space to the front. It is within walking distance of the University as well as both the King Edward Grammar and County High Schools. Internally it has gas fired heating by radiators and double glazed windows and an equipped kitchen and modern bathroom. It has a good specification and is well worth an internal viewing. In our opinion it could appeal to both young and old alike - highly recommended! Side entrance door leading to **ENTRANCE HALL** Tiled flooring, double glazed window to side, radiator, built in storage cupboards, doors to **KITCHEN & LIVING AREA** 6.40m (21' 0") x 3.52m (11' 7") **KITCHEN** Inset sink unit and mixer tap, working surfaces with cupboards under, integrated washing machine and dishwasher, built in hob and oven with cooker hood above, cupboard housing wall mounted gas fired Worcester boiler, fridge freezer to remain, double glazed window to side, open to **LIVING AREA** Two radiators, double glazed double doors overlooking and leading to the communal garden at the rear, door to **BEDROOM** 4.08m (13' 5") x 3.12m (10' 3") Radiator, free-standing wardrobe cupboards and drawer units to remain, double glazed window to rear. **BATHROOM** White suite comprising panel enclosed bath with fitted shower with rain head and separate hose, glazed screen to side, low level w.c with concealed cistern, vanity wash hand basin with mixer tap, tiled flooring, towel warmer, mainly tiled walls, fitted mirror, double glazed window to side, inset spot lights, extractor fan. **PARKING** To the front, there is an area of sett laid parking where there is an allocated area for this maisonette. **OUTSIDE** There is a side access gate leading into a good size South facing communal garden area which is mostly laid to lawn and which as previously mentioned can be accessed from the living area of the maisonette itself, and there is a small patio area. Please be aware that should you be successful in having an offer accepted through Adrians, we are legally required by the HMRC to conduct AML (Anti-Money Laundering) Checks for compliance efforts. For this there is a non-refundable charge of £20.00 including VAT per person which will be invoice receipted for your records. ## Property Photos - ![Main Picture](/listings/photos/160117295/619972) - Main Picture - ![Photo](/listings/photos/160117295/619974) - ![Photo](/listings/photos/160117295/619977) - ![ENTRANCE HALL](/listings/photos/160117295/619979) - ENTRANCE HALL - ![KITCHEN & LIVING](/listings/photos/160117295/619980) - KITCHEN & LIVING - ![KITCHEN](/listings/photos/160117295/619981) - KITCHEN - ![LIVING AREA](/listings/photos/160117295/619984) - LIVING AREA - ![FURTHER VIEW](/listings/photos/160117295/619986) - FURTHER VIEW - ![BEDROOM](/listings/photos/160117295/619989) - BEDROOM - ![FURTHER VIEW](/listings/photos/160117295/619990) - FURTHER VIEW - ![BATHROOM](/listings/photos/160117295/619991) - BATHROOM - ![OUTSIDE](/listings/photos/160117295/619993) - OUTSIDE ## Floorplans - ![Floorplan 1](/listings/photos/160117295/619994) - Floorplan 1 ## EPC Graphs - ![EPC](/listings/photos/160117295/619996) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 28 - 30 FLAT 4 THIRD AVENUE, CHELMSFORD, ESSEX, CM1 4EY | £232,500 | 10/11/2025 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 113 CHESTER PLACE, CHELMSFORD, ESSEX, CM1 4NQ | £175,000 | 19/12/2025 | Flat | | [Same street] 26B THIRD AVENUE, CHELMSFORD, ESSEX, CM1 4EY | £125,000 | 23/08/2023 | Flat | | 3 CHESTER PLACE, CHELMSFORD, ESSEX, CM1 4NQ | £175,000 | 30/03/2023 | Flat | | 49 CHESTER PLACE, CHELMSFORD, ESSEX, CM1 4NQ | £186,700 | 06/12/2022 | Flat | | WINCHESTER COURT, 173 FLAT 9 BROOMFIELD ROAD, CHELMSFORD, ESSEX, CM1 1RT | £240,000 | 29/11/2022 | Flat | | 15 CHESTER PLACE, CHELMSFORD, ESSEX, CM1 4NQ | £190,000 | 21/10/2022 | Flat | | [Same street] 26 THIRD AVENUE, CHELMSFORD, ESSEX, CM1 4EY | £300,000 | 17/10/2022 | Flat | | [Same street] 26A THIRD AVENUE, CHELMSFORD, ESSEX, CM1 4EY | £285,000 | 14/10/2022 | Flat | | [Same street] 28 - 30 FLAT 2 THIRD AVENUE, CHELMSFORD, ESSEX, CM1 4EY | £285,000 | 01/08/2022 | Flat | | 9 CHESTER PLACE, CHELMSFORD, ESSEX, CM1 4NQ | £189,995 | 30/06/2022 | Flat | | WINGROVE COURT 14 BROOMFIELD ROAD, CHELMSFORD, ESSEX, CM1 4ES | £110,000 | 29/04/2022 | Flat | | WINGROVE COURT 7 BROOMFIELD ROAD, CHELMSFORD, ESSEX, CM1 4ES | £77,000 | 12/04/2022 | Flat | | [Same street] 28 - 30 FLAT 3 THIRD AVENUE, CHELMSFORD, ESSEX, CM1 4EY | £246,500 | 25/03/2022 | Flat | | WINGROVE COURT 28 BROOMFIELD ROAD, CHELMSFORD, ESSEX, CM1 4ES | £117,000 | 18/03/2022 | Flat | | WINCHESTER COURT, 173 FLAT 1 BROOMFIELD ROAD, CHELMSFORD, ESSEX, CM1 1RT | £231,000 | 22/10/2021 | Flat | | 49 FOURTH AVENUE, CHELMSFORD, ESSEX, CM1 4EZ | £280,000 | 28/06/2021 | Flat | | WINGROVE COURT 19 BROOMFIELD ROAD, CHELMSFORD, ESSEX, CM1 4ES | £103,000 | 24/06/2021 | Flat | **Street average:** £248,300 (5 sales) **Area average:** £172,891 (12 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £234,932 (88 Flat, CM1, 2024–2026) - **Deviation:** +4.3% ## 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).* - **LHA floor (this property size):** £793/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 1 Bed Semi-Detached House, First Avenue, CM1 | £1,295/mo | 1 | 0.17 miles | OpenRent | | Studio Flat, Rectory Lane, CM1 | £900/mo | 1 | 0.49 miles | OpenRent | | 1 Bed Flat, Radio House, CM1 | £1,200/mo | 1 | 0.62 miles | OpenRent | | 1 Bed Flat, Glebe Road, CM1 | £1,395/mo | 1 | 0.62 miles | OpenRent | | 1 Bed Flat, Glebe Road, CM1 | £1,290/mo | 1 | 0.64 miles | OpenRent | | 1 Bed Flat, Broomfield Road, CM1 | £1,225/mo | 1 | 0.66 miles | OpenRent | **Average rent: £1,218/mo (6 listings)** ## 1% Rule - **Rent ratio:** 0.51% (weak for cashflow) - **Max investor price (0.8%):** £157,250 - **Target investor price (1%):** £125,800 *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 £1,258/mo).* - **Gross yield:** 6.2% - **Cost-to-rent:** 16.2× - **Monthly cashflow:** £142/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 2.4% *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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -2.5% - **10y growth:** -3.9% ## House Price Index (HM Land Registry) *Official index for Chelmsford; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -3.3% - **5y growth (index):** 1.2% - **10y growth (index):** 15.7% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)