2 Bed Flat, Single Let, Chelmsford, CM1 2GH, £220,000

Wicks Place, Chelmsford, CM1 2GH - 3 views - 2 years ago

Leasehold
BTL
ROI: 4%
~49 m²
+3 photos

ValuationOvervalued

Sold Prices£80.8K - £385K
Sold Prices/m²£3.1K/m² - £5.5K/m²

 

 

Square Metres

~49.20 m²
Price/m²£4.5K/m²

Value Estimate

£192,684

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£1,200 - £2,800

Rent Estimate

£1,163

Running Costs/mo

£940

Cashflow/mo

£223

Cashflow/yr

£2,675

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £220K. £3.1K/m² to £5.5K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£220K12/220.03 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.13 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£205.5K09/210.14 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£253K02/210.15 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£218K03/210.18 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£282.5K11/210.18 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£85K06/210.18 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£212K11/200.34 mi73, Goodier Road, Chelmsford, Essex CM1 2GG2
£232.5K06/210.34 mi18, Goodier Road, Chelmsford, Essex CM1 2GG2
£233K12/210.34 mi41, Goodier Road, Chelmsford, Essex CM1 2GG2
£220K02/210.34 mi24, Goodier Road, Chelmsford, Essex CM1 2GG2
£248K04/230.34 mi20, Goodier Road, Chelmsford, Essex CM1 2GG2
£310K05/230.34 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.34 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.34 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£325K01/230.4 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£285K04/210.41 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£275K03/210.45 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£280K09/210.45 mi3, County Place, Chelmsford, Essex CM2 0RF2
£232K05/210.48 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.48 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.48 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£215K01/230.49 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£223K11/210.5 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£385K06/230.53 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£307.5K07/230.56 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£180K05/230.56 mi131, Kings Road, Chelmsford, Essex CM1 2BD2
£215K04/210.58 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.58 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£260K01/210.59 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£207.5K05/230.59 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£172K11/200.6 mi168, Kings Road, Chelmsford, Essex CM1 2BE2
£195K03/210.64 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.64 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£140K07/210.65 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£225K10/210.66 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.66 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£184K12/200.67 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£240K10/210.68 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£225K10/210.69 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.69 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.69 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£250K07/230.69 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£160K12/200.71 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£197.5K01/210.71 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.71 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£205K01/230.71 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£186K08/210.72 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£202K03/230.72 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£254K11/210.72 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2

Local Rents

50 rents from £1.2K/mo to £2.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£2,80005/240 mi-2
£1,55004/250 mi-2
£2,80002/250 mi-2
£2,80001/250 mi-2
£2,80001/250 mi-2
£1,62504/240.01 miWicks Place, CHELMSFORD2
£1,49504/240.01 miWicks Place, CHELMSFORD2
£1,56512/240.01 miWicks Place, Chelmsford City Centre2
£1,69512/240.01 miWicks Place, Chelmsford City Centre2
£1,30004/250.03 mi-2
£2,35004/250.04 mi-2
£1,29504/240.05 miLesley Court, Rainsford Road, Chelmsford2
£1,35004/240.06 miWest One, 7-13 Rainsford Road, Chelmsford2
£1,30001/240.08 mi-2
£1,50005/240.1 miWells Crescent, Chelmsford2
£2,50002/250.11 mi-2
£1,20004/240.11 mi-2
£1,50003/240.11 miKings Tower, Chelmsford2
£1,50004/240.12 miRainsford Road, CHELMSFORD2
£1,45003/240.12 miRainsford Road, Chelmsford2
£1,52503/240.12 miRainsford Road, Chelmsford2
£1,45004/240.12 miRainsford Road, Chelmsford2
£1,45003/240.12 miKings Tower, Chelmsford2
£1,50004/240.12 miKings Tower, City Centre2
£1,50005/240.12 miWells Crescent, Town Centre2
£1,45005/240.12 miMarconi Plaza, Chelmsford2
£1,25004/240.13 mi-2
£1,25004/240.13 miSouth Primrose Hill, Chelmsford, CM12
£1,35005/240.15 miCedar Avenue West, Chelmsford2
£1,70011/230.15 miRailway Street, Chelmsford2
£1,49504/240.16 miDuke Street, Chelmsford2
£1,49504/240.16 miDuke Street, Chelmsford, Essex, CM12
£1,60003/240.17 miBurgess Springs, Chelmsford, CM12
£1,62503/240.17 miBurgess Springs, Chelmsford, CM12
£1,60003/240.17 miBurgess Springs, Chelmsford, CM12
£1,57504/240.17 miBurgess Springs, Chelmsford, CM12
£1,52504/240.17 miBurgess Springs, Chelmsford, CM12
£1,60005/240.17 miBurgess Springs, Chelmsford, CM12
£1,60005/240.17 miBurgess Springs, Chelmsford, CM12
£1,60005/240.17 miBurgess Springs, Chelmsford, CM12
£1,60003/240.17 miBurgess Springs, CHELMSFORD2
£1,56504/240.17 miMiddleditch Court, Burgess Springs, CHELMSFORD2
£1,65002/240.19 mi-2
£1,25003/240.19 miBecketts Court, Chelmsford2
£1,30004/240.19 miSteamer Terrace, Chelmsford2
£1,38502/250.2 mi-2
£1,40004/240.2 miSouth Primrose Hill, Chelmsford2
£1,55001/250.2 mi-2
£1,49001/250.2 mi-2
£1,49502/250.2 mi-2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.06 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £220,000

October 24, 2023

Floor Plans

Description

  • No onward chain +
  • Two bedrooms +
  • Top floor apartment +
  • Balconies to lounge and bedroom +
  • En-suite and bathroom +
  • Off-street parking +
  • Walking distance to city centre and mainline station +

Offered with no onward chain is this two bedroom top floor apartment. Presented to a good standard this property comprises of a lounge / diner with a balcony, a modern kitchen with fitted appliances, two good size bedrooms with an en-suite and balcony to the master, a bathroom and one parking space.

This property is situated within walking distance to Chelmsford city centre and mainline railway station as well as lots of other local amenities. (Ref: CHS230472)

Council Tax Band: C
Length of Lease: 125 years
Lease Commencement Date: 01/01/2007
Ground Rent Charges: £391.84 pa
Amount of Last Service Charges: £2,370.00 pa (approx)

Agent Details

Beresfords, Chelmsford

01245 945593

Next Steps?

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