2 Bed Bungalow, Single Let, Chelmsford, CM1 1TW, £375,000

Alma Drive, Chelmsford, CM1 1TW - a year ago

Sold STC
BTL
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£257K - £450K
Sold Prices/m²£3.4K/m² - £7.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£325,434

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Rent Range

£1,200 - £2,800

Rent Estimate

£1,225

Running Costs/mo

£1,437

Cashflow/mo

£-212

Cashflow/yr

£-2,542

Gross Yield

4%

Local Sold Prices

50 sold prices from £257K to £450K, average is £327K. £3.4K/m² to £7.9K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£380K03/230.22 mi63, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£450K01/230.22 mi85, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£355K02/210.22 mi51, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£430K03/230.22 mi39, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£405K02/230.23 mi81, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£280K03/210.23 mi42, South Primrose Hill, Chelmsford, Essex CM1 2RG2
£320K10/200.23 mi34, South Primrose Hill, Chelmsford, Essex CM1 2RG2
£325K11/200.26 mi21, Primrose Hill, Chelmsford, Essex CM1 2RH2
£325K11/200.26 mi45, Primrose Hill, Chelmsford, Essex CM1 2RH2
£330K02/210.29 mi4, Seymour Street, Chelmsford, Essex CM2 0RX2
£329K03/210.34 mi6, Upper Bridge Road, Chelmsford, Essex CM2 0RT2
£325K03/210.35 mi17, New Writtle Street, Chelmsford, Essex CM2 0RR2
£330K06/210.35 mi16, New Writtle Street, Chelmsford, Essex CM2 0RR2
£322.5K07/230.36 mi160, Rainsford Road, Chelmsford, Essex CM1 2PD2
£302K10/210.37 mi17, Townfield Street, Chelmsford, Essex CM1 1QJ2
£257K06/230.38 mi5, Townfield Street, Chelmsford, Essex CM1 1QJ2
£320K11/210.38 mi53, Baker Street, Chelmsford, Essex CM2 0SA2
£285K06/230.42 mi26, Townfield Street, Chelmsford, Essex CM1 1QL2
£410K02/230.42 mi81, Lower Anchor Street, Chelmsford, Essex CM2 0AU2
£310K05/210.43 mi89, Bradford Street, Chelmsford, Essex CM2 0BG2
£335K02/230.43 mi170, Upper Bridge Road, Chelmsford, Essex CM2 0BB2
£345K01/210.43 mi148, Upper Bridge Road, Chelmsford, Essex CM2 0BB2
£425K06/210.44 mi31, Beeches Road, Chelmsford, Essex CM1 2RX2
£405K02/230.44 mi35, Beeches Road, Chelmsford, Essex CM1 2RX2
£325K06/230.46 mi264, Rainsford Road, Chelmsford, Essex CM1 2PN2
£350K12/200.47 mi31, Victoria Crescent, Chelmsford, Essex CM1 1QF2
£351K04/230.47 mi25, Victoria Crescent, Chelmsford, Essex CM1 1QF2
£309K01/210.5 mi5, Park Avenue, Chelmsford, Essex CM1 2AB2
£320K11/200.51 mi12, Belle Vue, Chelmsford, Essex CM2 0BD2
£325K06/210.52 mi4, Lombardy Place, Chelmsford, Essex CM1 1PZ2
£425K12/220.54 mi14, Anchor Street, Chelmsford, Essex CM2 0JY2
£318K09/210.54 mi10, Anchor Street, Chelmsford, Essex CM2 0JY2
£340K03/210.56 mi134, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£330K04/210.56 mi104, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£350K01/210.56 mi93, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£265K06/210.56 mi124, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£300K08/230.56 mi169, Kings Road, Chelmsford, Essex CM1 2BA2
£360K05/210.57 mi86, Waterhouse Street, Chelmsford, Essex CM1 2TZ2
£350K01/210.57 mi73, Waterhouse Street, Chelmsford, Essex CM1 2TZ2
£280K04/230.58 mi49, Waterhouse Lane, Chelmsford, Essex CM1 2TE2
£312.5K02/210.58 mi148, Moulsham Street, Chelmsford, Essex CM2 0LD2
£312.5K02/210.58 mi148, Moulsham Street, Chelmsford, Essex CM2 0LD2
£273K10/200.59 mi119, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£357K12/200.59 mi29, Marlborough Road, Chelmsford, Essex CM2 0JR2
£360K06/230.6 mi64, Rectory Lane, Chelmsford, Essex CM1 1RE2
£271K07/230.6 mi56, Savernake Road, Chelmsford, Essex CM1 2TJ2
£332.5K09/210.61 mi2, Marconi Road, Chelmsford, Essex CM1 1QB2
£260K01/210.62 mi132, Forest Drive, Chelmsford, Essex CM1 2TT2
£265K04/210.62 mi63, Forest Drive, Chelmsford, Essex CM1 2TT2
£430K07/230.62 mi32, Bishop Road, Chelmsford, Essex CM1 1PX2

Local Rents

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

RentDateDistanceAddressBeds 
£1,38502/250.04 mi-2
£2,50002/250.08 mi-2
£1,65002/240.11 mi-2
£1,30001/240.11 mi-2
£1,20004/240.15 mi-2
£2,35004/250.18 mi-2
£1,62504/240.18 miWicks Place, CHELMSFORD2
£1,49504/240.18 miWicks Place, CHELMSFORD2
£1,56512/240.18 miWicks Place, Chelmsford City Centre2
£1,69512/240.18 miWicks Place, Chelmsford City Centre2
£1,30003/250.18 mi-2
£2,80005/240.18 mi-2
£1,55003/250.18 mi-2
£2,80002/250.18 mi-2
£2,80001/250.18 mi-2
£2,80001/250.18 mi-2
£1,25004/240.2 miSouth Primrose Hill, Chelmsford, CM12
£1,25004/240.2 mi-2
£1,40004/240.22 miSouth Primrose Hill, Chelmsford2
£1,29504/240.24 miLesley Court, Rainsford Road, Chelmsford2
£1,35004/240.24 miWest One, 7-13 Rainsford Road, Chelmsford2
£1,55001/250.24 mi-2
£1,49001/250.24 mi-2
£1,49502/250.24 mi-2
£1,40003/250.24 mi-2
£1,50003/240.25 miKings Tower, Chelmsford2
£1,45005/240.25 miMarconi Plaza, Chelmsford2
£1,50004/240.26 miRainsford Road, CHELMSFORD2
£1,45003/240.26 miRainsford Road, Chelmsford2
£1,52503/240.26 miRainsford Road, Chelmsford2
£1,45004/240.26 miRainsford Road, Chelmsford2
£1,50005/240.27 miWells Crescent, Chelmsford2
£1,50005/240.27 miWells Crescent, Town Centre2
£1,45003/240.27 miKings Tower, Chelmsford2
£1,50004/240.27 miKings Tower, City Centre2
£1,60003/240.27 miBurgess Springs, Chelmsford, CM12
£1,62503/240.27 miBurgess Springs, Chelmsford, CM12
£1,60003/240.27 miBurgess Springs, Chelmsford, CM12
£1,57504/240.27 miBurgess Springs, Chelmsford, CM12
£1,52504/240.27 miBurgess Springs, Chelmsford, CM12
£1,60005/240.27 miBurgess Springs, Chelmsford, CM12
£1,60005/240.27 miBurgess Springs, Chelmsford, CM12
£1,60005/240.27 miBurgess Springs, Chelmsford, CM12
£1,49504/240.27 miPrimrose Hill, CM12
£1,49504/240.29 miEssex County Cricket Ground, Chelmsford, CM22
£1,49504/240.29 mi-2
£1,49504/240.29 miCentury Tower, Chelmsford, CM22
£1,47504/240.29 miCentury Tower, Shire Gate, Chelmsford2
£1,47504/240.29 miCentury Tower, Shire Gate, Chelmsford2
£1,50005/240.29 miCentury Tower, Shire Gate, Chelmsford2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.25 miles away

Nearest school

0.40 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £375,000

October 25, 2023

Floor Plans

Description

  • TWO BEDROOM DETACHED BUNGALOW +
  • FRINGE OF THE CITY CENTRE LOCATION +
  • MODERN KITCHEN +
  • REFITTED SHOWER ROOM +
  • GARAGE & OFF ROAD PARKING FOR A NUMBER OF VEHICLES +
  • POTENTIAL FOR EXTENSION, SUBJECT TO THE NECESSARY CONSENTS +
  • SOUTHERLY FACING REAR GARDEN +
  • NO ONWARD CHAIN +
  • WELL WORTH AN INTERNAL VIEWING! +

SENSIBLY PRICED FOR A QUICK SALE! RE-AVAILABLE TO BUYERS ABLE TO PROCEED STRAIGHT AWAY. This 2 bedroom DETACHED BUNGALOW is situated on the fringe of the City centre. The City centre shops and restaurants, bus station, railway station and local shops are within 10 minutes walking distance as is Central Park and Admirals Park. The bungalow is offered for sale with no onward chain. It has the potential for extension, subject to the necessary consents and has the benefits of an attached garage along with off road parking for a number of vehicles. The bungalow has a Southerly facing garden within which is a Summer House and it has a large patio area which wraps around the bungalow and behind the garage. Detached bungalows close to the City centre are rarely available hence an early viewing is recommended.

Front entrance door to

ENTRANCE HALL
Radiator, dado rail, panelled doors leading to

LOUNGE 3.69m (12' 1") x 3.62m (11' 11")
Fire surround with electric fire and BAXI back boiler, radiator, dado rail, double glazed window to side, Southerly facing double glazed double doors giving access to the rear garden.

KITCHEN 2.74m (9' 0") x 2.56m (8' 5")
Fitted with a range of modern units with inset single drainer sink unit with mixer tap, working surfaces with drawers and cupboards under, cooker, washing machine and counter top dishwasher to remain, tiled flooring, tiling over worktops, eye level cupboards, double glazed window to side, steps down to rear lobby and access to

WALK IN PANTRY
Working surface with cupboards under, eye level cupboards, fridge freezer to remain, double glazed window to side.

REAR LOBBY
Door to garden, door to

UTILITY
Fitted shelving, tumble dryer to remain, double glazed window to side.

BEDROOM ONE 3.63m (11' 11") x 3.26m (10' 8")
Radiator, dado rail, left alcove: built in cupboards with top boxes over containing hot water tank, immersion heater and airing cupboard, right alcove: built in cupboards with top boxes over, free standing wardrobes to remain, double glazed window to front.

BEDROOM TWO 3.63m (11' 11") x 2.40m (7' 10")
Radiator, built in wardrobe cupboard with top box over, dado rail, double glazed windows to front and side

SHOWER ROOM
Refitted with a white suite comprising w.c with concealed cistern, wash hand basin with storage cupboards, shower cubicle with fitted Triton shower unit and bi-folding glazed screen, fitted grab rails, tall storage unit, towel warmer/radiator, half height wall tiling, extractor fan, double glazed window to rear.

GARAGE 4.71m (15' 5") x 2.42m (7' 11")
An attached garage with roller shutter door to front and light and power connected with personal door at the rear giving access into the garden.

GARDENS
As the bungalow is situated on a corner plot it has areas of garden to the front, side and rear. There is a sett laid driveway in front of the garage for off road parking. To the front of the bungalow itself there is a hardscaped area of garden enclosed by dwarf walling with wrought iron inserts and pedestrian gate. There is a further sett laid area to the other side of the bungalow affording off road parking for one possibly 2 vehicles depending on the size. There is a side access gate which leads into the main area of garden at the rear which is Southerly facing and approaching 30ft in depth by approximately 50ft in width. The garden is mainly laid to lawn, there is a large paved patio area at the rear of the lounge which leads to a further paved area behind the garage. Within the garden there is a timber garden shed, brick built outhouse store within the rear of the bungalow, a timber built Summer House with power, outside tap with connected garden hose and side access gates both sides of the bungalow.

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 £10.00 including VAT per person which will be invoice receipted for your records.

Agent Details

Adrians, Chelmsford

01245 945751

Next Steps?

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