2 Bed Flat, Planning Permission, Chelmsford, CM2 9FF, £220,000

Lambourne Chase, Chelmsford, CM2 9FF - 2 years ago

Leasehold
Auction
Planning
ROI: 3%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£107.5K - £420K
Sold Prices/m²£1.9K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£258,868
BMV18%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£1,095 - £1,950

Rent Estimate

£1,099

Running Costs/mo

£927

Cashflow/mo

£172

Cashflow/yr

£2,060

ROI

3%

Gross Yield

6%

Local Sold Prices

44 sold prices from £107.5K to £420K, average is £223.3K. £1.9K/m² to £6K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£250K03/210.01 mi32, Lambourne Chase, Chelmsford, Essex CM2 9FF2
£290K03/230.12 mi18, Pearl Square, Chelmsford, Essex CM2 9FP2
£218K02/230.18 mi84, Readers Court, Chelmsford, Essex CM2 8HA2
£247.5K05/230.33 mi14, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£190K06/210.33 mi23, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£224K03/210.33 mi30, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£240K07/230.33 mi19, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£212.5K06/210.39 mi44, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£206K09/210.39 mi42, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£215K08/230.39 mi40, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£250K04/210.39 mi106, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£237.5K09/210.41 mi17, Searle Close, Chelmsford, Essex CM2 9GB2
£120K05/230.41 mi1, Searle Close, Chelmsford, Essex CM2 9GB2
£107.5K12/200.43 mi6, Searle Close, Chelmsford, Essex CM2 9GB2
£203K02/210.43 mi26, Gerard Gardens, Chelmsford, Essex CM2 9GD2
£247K12/200.46 miFlat 14, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£260K03/210.46 miFlat 34, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£238K07/230.46 miFlat 23, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£200K12/200.49 mi23, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£210K11/200.49 mi9, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£247.5K01/230.5 mi5, Goodwin Close, Chelmsford, Essex CM2 9GX2
£237K06/210.5 mi21, Goodwin Close, Chelmsford, Essex CM2 9GX2
£225K12/220.54 mi134, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£197.5K06/210.54 mi126, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£201K08/210.54 mi132, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£222.5K03/230.54 mi120, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£235K01/230.54 mi10, Waterson Vale, Chelmsford, Essex CM2 9PB2
£225K12/220.55 mi114, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£420K03/210.63 mi16, The Vineyards, Great Baddow, Chelmsford, Essex CM2 7QS2
£225K04/210.63 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/200.63 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£191.5K08/210.65 mi51, Mascalls Way, Chelmsford, Essex CM2 7NR2
£195K11/210.65 mi19, Mascalls Way, Chelmsford, Essex CM2 7NR2
£215K07/230.67 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£237.5K02/210.71 mi37, Park View Crescent, Great Baddow, Chelmsford, Essex CM2 8HX2
£190K10/210.71 mi32, Park View Crescent, Great Baddow, Chelmsford, Essex CM2 8HX2
£215K04/230.75 mi66, Maltings Road, Chelmsford, Essex CM2 8HG2
£215K03/230.78 mi172, Baddow Road, Chelmsford, Essex CM2 9QW2
£195K08/210.89 miFlat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£190K03/210.89 miFlat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£232.5K07/230.89 miFlat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£245K02/210.97 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.97 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£189K10/200.97 mi34, Dove Lane, Chelmsford, Essex CM2 8AX2

Local Rents

24 rents from £1.1K/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,29503/240.32 miAsh Grove, Chelmsford, Essex, CM22
£1,25004/250.33 mi-2
£1,09504/240.39 miHarberd Tye, CHELMSFORD2
£1,30003/240.39 miHarberd Tye, Great Baddow, CM22
£1,22504/240.4 miSearle Close, Chelmsford2
£1,19505/240.4 miHarberd Tye, Great Baddow2
£1,30005/240.48 miGoodwin Close, CM22
£1,95004/240.49 miChelwater, Great Baddow, Chelmsford, CM22
£1,95005/240.49 mi-2
£1,40003/240.5 miLea Court, Baddow Road2
£1,40003/240.5 miLea Court, Baddow Road2
£1,10010/230.5 miGoodwin Close, Great Baddow, Chelmsford2
£1,75004/240.5 mi-2
£1,75005/240.5 mi-2
£1,75003/250.5 mi-2
£1,75005/240.5 miBaddow Road, Chelmsford, CM22
£1,75004/240.5 miBaddow Road, Chelmsford, CM2N/A
£1,27504/240.51 miBaddow Road, Chelmsford2
£1,27505/240.51 miBaddow Road, Chelmsford2
£1,45003/240.54 miWallace Crescent, Chelmsford, CM22
£1,40002/250.54 mi-2
£1,38501/240.56 mi-2
£1,20004/240.59 miBaddow Road, Chelmsford2
£1,30004/240.59 miBaddow Road, Chelmsford2

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.79 miles away

Nearest school

0.10 miles away

Nearest train station

1.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £220,000

July 29, 2023

Floor Plans

Description

  • Well presented two bedroom second floor flat +
  • Lovely size lounge and kitchen +
  • Main bedroom with en-suite +
  • Family bathroom +
  • Gas Central Heating +
  • Allocated parking +
  • Modern décor throughout +
  • Ideal first time purchase +
  • Moments drive into Chelmsford City Centre and railway station +
  • Being Sold via Secure Sale. Terms & Conditions apply. Starting offers £220,000 +

Being Sold via Secure Sale. Terms & Conditions apply. Starting offers £220,000

Well presented two bedroom second floor modern flat. Located within moments drive into Chelmsford City Centre and railway station. Accommodation boasts, secure intercom entry, spacious entrance hall, lovely size main bedroom with en-suite shower room, good size second bedroom and family bathroom. Large open plan lounge/diner and kitchen. The property also has two allocated parking spaces.

Enter the building via secure intercom entry.
Impressive entrance hall gives access to all rooms. Airing cupboard.
Family bathroom comprises, white panel bath fitted with hand held shower attachment, wash hand basin and low level wc. Heated towel rail. Part tiling to walls.
Main bedroom 11'5 x 8'7 double glazed window.
En-suite comprises shower, wash hand basin and low level wc. Part tiling to walls. Tiled flooring. Obscure double glazed window.
Bedroom two 11'5 x 11'3 dual aspect double glazed windows.
Large lounge/diner 20'8 x 15'10 boxed bay double glazed window, double glazed window to side. Wooden style flooring.
Kitchen 9'8 x 5'6 wall and base mounted units with matching storage drawers. Worksurfaces with matching upstands housing sink drainer. Gas hob, electric oven, stainless steel extractor hood. Space for other appliances. Continuation of wooden flooring.

The property also has allocated parking.

Further Details:
Length of lease: Approximately 114 years remaining.
Annual Ground Rent: Approximately £175.00 paid 6 monthly
Annual Service Charge: Approximately £2,160 per annum
Council Tax Band: C
Local Authority: Chelmsford

Please note, any viewings or offers that take place from this moment must be placed through the auction T&Cs as per the Sellers agreement.

Disclaimer: Lease details, service charges, ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. All verification of property details should be made by your legal representative for the purchase of the property to ensure that all information including but not limited to; Tenure, lease information, parking facilities, planning permission and building regulations is accurate and correct.

The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as guide to prospective buyers only and are not precise.

Floorplans where included may not be to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.

Great Baddow can be found on the outskirts of Chelmsford located close to local amenities and A12/A130 road links. A moments drive to Chelmsford City Centre where you can hop on a train for 35 minutes and you're in Stratford or an extra 10 minutes and you're in Liverpool Street.
Visit the Historic Chelmsford Cathedral or have some quiet time in Central Park. Maybe enjoy an evening at any one of the fabulous restaurants and shops or grab some popcorn and watch a film.
Chelmsford is an ideal location for growing families, commuters, and the young at heart.

Agent Details

Colubrid, Chelmsford & Maldon

01245 945929

Next Steps?

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