CONTENTS: INTRODUCTION - ASHFORD, KENT - BATH, SOMERSET - BECKENHAM, KENT - BEDFORD, BEDFORDSHIRE - BILLERICAY, ESSEX - BIRMINGHAM CITY CENTRE, BIRMINGHAM - BOURNEMOUTH, SUSSEX - BRENTWOOD, ESSEX - BRIGHTON, SUSSEX - CAMBRIDGE, CAMBRIDGESHIRE - CANTERBURY, KENT - CARDIFF, WALES - CHELMSFORD, ESSEX - CLEETHORPES, LINCOLNSHIRE - COLCHESTER, ESSEX - EPPING, ESSEX - GRANTHAM, LINCOLNSHIRE - GREAT YARMOUTH, NORFOLK - GUILDFORD, SURREY - IPSWICH, SUFFOLK - KETTERING, NORTHAMPTONSHIRE - KINGS LYNN, NORFOLK - LEICESTER, NORTHAMPTONSHIRE - LIVERPOOL CITY CENTRE, LANCASHIRE - LUTON, BEDFORDSHIRE - MANCHESTER, LANCASHIRE - MILTON KEYNES, BEDFORDSHIRE - NORWICH, NORFOLK - OXFORD, OXFORDSHIRE - PETERBOROUGH, CAMBRIDGESHIRE - READING, BERKSHIRE - ROMFORD, ESSEX - SOUTHEND-ON-SEA, ESSEX - ST ALBANS, HERTFORDSHIRE - STANSTED, ESSEX - SWINDON, BERKSHIRE - WELWYN GARDEN CITY, HERTFORDSHIRE - WISBECH, CAMBRIDGESHIRE
| Area: | CHELMSFORD, ESSEX | |||||||
| Category: | A | |||||||
| Investor Profile | Pension, University, Business and Cash&Equity | |||||||
| Population aged 15+: | 90,791 | |||||||
| Actual | National Average | |||||||
| Percentage Class ABC1: | 58% | 44% | ||||||
| Crime: | Violence | Sexual | Burglary | Motor | ||||
| Per 1000 population | 6 | 1 | 2 | 3 | ||||
| Yield Range: | 4.8% - 10.1% | |||||||
| Price Ranges | Low £ | Hi £ | Low £pw | Hi £pw | Low | Hi | ||
| Flats&maisonettes | 76,800 | 115,200 | 149 | 202 | 9.1% | 10.1% | ||
| Terraced | 96,000 | 144,000 | 141 | 190 | 6.9% | 7.6% | ||
| Semi-detached | 129,600 | 194,400 | 155 | 210 | 5.6% | 6.3% | ||
| Detached | 183,200 | 274,800 | 187 | 254 | 4.8% | 5.3% | ||
| Valuations above the national average by: | 19% | |||||||
| Actual | National Average | |||||||
| Capital growth last 12 months: | 21% | 18% | ||||||
| Capital growth last 5 years: | 81% | 80% | ||||||
| Large employers in the area: | M&G Group, Britvic Soft Drinks Limited, Marconi Applied Technologies, Alenia Marconi Systems Limited, Global Marine Systems Limited, Geze (UK) Ltd and Ebm Ziehl (UK) Ltd. | |||||||
| Demand For Letting: | Excellent | |||||||
| Average void period: | 1 week | |||||||
| Total (out of 10) | Capital Growth (out of 5) | Yield (out of 5) | ||||||
| Out of 10: | 7 | 3 | 4 | |||||
| Summary: | A great catchment area that has seen incredible growth in the past 5 years. | |||||||
| Description: | Let me tell you a startling statistic – 20% of the UK’s population live within 1 hours drive from Chelmsford (I only live 15 mins away!). This makes Chelmsford a hotspot for any business. Historically it has been electronic and service sector companies locating to the town and the town has seen rapid growth in population over the last 5 years. The workforce tend to be of above average skill due to the retention of graduates from Anglia Polytechnic University students. Property prices have seen quite an increase – I remember when Chelmsford properties were cheaper than Harlow in Essex (10 miles closer to London) but now the reverse is true. There are lots of pretty new developments such as Springfields and Dukes Village that are about 3 miles from the town which prove good to would-be tenants. | |||||||
| Mainline railway station: | 35 minutes to Liverpool Street, London | |||||||
| Road Access: | Main access A12 41 miles north east of Central London 13 miles from M25 | |||||||
| Local Newspaper | Essex Chronicle 01245 262421 | |||||||
| Estate Agents: | Name | Address | Tel | Web | ||||
| Adrians Estate Agents | 16 Duke Street Chelmsford Essex CM1 1UP | 01245 265303 | www.adrians-property.co.uk | |||||
| Cooper Hirst | Goldlay House Parkway Chelmsford Essex CM2 2PR | 01245 258141 | TBC | |||||
| Chelmer Homes Estate Agents | 132 Gloucester Avenue Chelmsford Essex CM2 9LG | 01245 499188 | www.chelmerhomes.co.uk | |||||
| Peter Anstee & Co | 65 New London Road Chelmsford Essex CM2 0ND | 01245 260666 | ||||||
| Owen Lyons Estate Agents | 22 Duke Street Chelmsford Essex CM1 1HL | 01245 256666 | www.owenlyons.co.uk | |||||
| Letting Agents: | Name | Address | Tel | Web | ||||
| Cooper Hirst Ltd | 01245 258141 | www.cooper-hirst.co.uk | ||||||
| First Choice Residential Lettings | 8, Wells St Chelmsford Essex CM1 1HZ | 01245 345800 | www.firstchoicelets.co.uk | |||||
| Beresfords | 10, Duke St Chelmsford Essex CM1 1HL | 01245 500666 | www.beresfordsgroup.co.uk | |||||
| Your Move | 01245 347040 | www.your-move.co.uk/lettings | ||||||
| Strutt & Parker | 01245 258201 | www.struttandparker.com | ||||||
| Bradford & Bingley Taylor & Co | 01245 345454 | www.bbg.co.uk | ||||||