2 Bed Flat, Single Let, Chelmsford, CM1 6YL, £180,000

25 Azalea Court, Chelmsford, Essex, CM1 6YL - 3 views - a year ago

Sold STC

Leasehold

BTL

ROI: 6%

~53 m²

+3 photos

ValuationUndervalued

Sold Prices	£130K - £259K
Sold Prices/m²	£2.4K/m² - £4.7K/m²

Square Metres	~52.60 m²
Price/m²	£3.4K/m²
Value Estimate	£193,185£193,185
BMV	7%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£6,600£6,600
Total Cash In	£51,600£51,600

Cash Out
Rent Range	£1,050 - £1,600£1,050 - £1,600
Rent Estimate	£1,063
Running Costs/mo	£795£795
Cashflow/mo	£268£268
Cashflow/yr	£3,215£3,215
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £130K to £259K, average is £204K. £2.4K/m² to £4.7K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£203K	08/23	0.01 mi	29, Azalea Court, Chelmsford, Essex CM1 6YL	£4,060	50	2	Flat
£185K	07/23	0.09 mi	34, Lupin Drive, Chelmsford, Essex CM1 6FH	£3,936	47	2	Flat
£210K	12/22	0.1 mi	49, Canvey Walk, Chelmsford, Essex CM1 6LB	£3,818	55	2	Flat
£205.7K	05/23	0.11 mi	9, Canvey Walk, Chelmsford, Essex CM1 6LB	-	-	2	Flat
£189.5K	11/21	0.11 mi	33, Canvey Walk, Chelmsford, Essex CM1 6LB	£3,305	57	2	Flat
£175K	03/21	0.11 mi	114, Lupin Drive, Chelmsford, Essex CM1 6FJ	£3,500	50	2	Flat
£180K	03/23	0.11 mi	114, Lupin Drive, Chelmsford, Essex CM1 6FJ	£3,600	50	2	Flat
£150K	06/21	0.16 mi	139, Cornflower Drive, Chelmsford, Essex CM1 6XZ	£3,061	49	2	Flat
£186K	02/23	0.16 mi	65, Cornflower Drive, Chelmsford, Essex CM1 6XZ	£3,720	50	2	Flat
£167K	04/21	0.17 mi	48, Petunia Crescent, Chelmsford, Essex CM1 6YP	£3,711	45	2	Flat
£181K	07/23	0.21 mi	84, Foxglove Way, Chelmsford, Essex CM1 6QR	£3,771	48	2	Flat
£200K	02/21	0.33 mi	394, Springfield Road, Chelmsford, Essex CM2 6AT	£3,484	57	2	Flat
£153K	05/21	0.44 mi	15, Clematis Tye, Chelmsford, Essex CM1 6GL	£2,887	53	2	Flat
£173K	04/21	0.44 mi	11, Clematis Tye, Chelmsford, Essex CM1 6GL	£3,392	51	2	Flat
£170K	02/21	0.44 mi	24, Clematis Tye, Chelmsford, Essex CM1 6GL	£3,148	54	2	Flat
£240K	07/21	0.45 mi	367, Springfield Road, Chelmsford, Essex CM2 6AW	£3,380	71	2	Flat
£245K	03/23	0.46 mi	290, Springfield Road, Chelmsford, Essex CM2 6BA	£3,769	65	2	Flat
£248K	11/21	0.48 mi	81, Burnell Gate, Chelmsford, Essex CM1 6ED	£4,618	54	2	Flat
£259K	02/21	0.48 mi	47, Burnell Gate, Chelmsford, Essex CM1 6ED	£3,985	65	2	Flat
£250K	02/23	0.48 mi	85, Burnell Gate, Chelmsford, Essex CM1 6ED	£4,509	55	2	Flat
£177K	06/21	0.49 mi	29, Bodmin Road, Chelmsford, Essex CM1 6LJ	£4,214	42	2	Flat
£185K	06/21	0.5 mi	133, Crocus Way, Chelmsford, Essex CM1 6XH	£3,558	52	2	Flat
£130K	10/20	0.5 mi	135, Crocus Way, Chelmsford, Essex CM1 6XH	£2,407	54	2	Flat
£235K	10/20	0.56 mi	15, Forefield Green, Chelmsford, Essex CM1 6YU	£2,975	79	2	Flat
£205K	04/21	0.63 mi	181, Waveney Drive, Chelmsford, Essex CM1 7QD	£3,661	56	2	Flat
£215K	06/23	0.7 mi	73, Tamar Rise, Chelmsford, Essex CM1 7QL	£3,707	58	2	Flat
£212.5K	04/21	0.7 mi	73, Tamar Rise, Chelmsford, Essex CM1 7QL	£3,664	58	2	Flat
£195K	03/23	0.7 mi	63, Tamar Rise, Chelmsford, Essex CM1 7QL	£3,421	57	2	Flat
£202K	11/20	0.73 mi	19, Tamar Rise, Chelmsford, Essex CM1 7QL	£3,673	55	2	Flat
£200K	03/21	0.75 mi	18, Wavell Close, Springfield, Chelmsford, Essex CM1 6FQ	£3,333	60	2	Flat
£210K	10/21	0.75 mi	40, Wavell Close, Springfield, Chelmsford, Essex CM1 6FQ	£3,443	61	2	Flat
£161.3K	03/21	0.76 mi	25, Abell Way, Springfield, Chelmsford, Essex CM2 6WU	£3,162	51	2	Flat
£157.5K	09/21	0.76 mi	29, Abell Way, Springfield, Chelmsford, Essex CM2 6WU	£2,582	61	2	Flat
£225K	12/22	0.8 mi	45, Waveney Drive, Chelmsford, Essex CM1 7PZ	-	-	2	Flat
£255K	07/23	0.82 mi	23, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW	£4,554	56	2	Flat
£255K	03/23	0.82 mi	53, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW	£4,694	54	2	Flat
£205K	05/21	0.83 mi	9, Blackwater Close, Chelmsford, Essex CM1 7QJ	£3,596	57	2	Flat
£165K	02/21	0.83 mi	42, Bryant Link, Springfield, Chelmsford, Essex CM2 6GZ	£2,845	58	2	Flat
£230K	03/23	0.83 mi	2, Tees Road, Chelmsford, Essex CM1 7QH	£3,966	58	2	Flat
£230K	07/23	0.83 mi	8, Tees Road, Chelmsford, Essex CM1 7QH	£3,966	58	2	Flat
£210K	10/21	0.84 mi	28, Earlsfield Drive, Chelmsford, Essex CM2 6SX	£3,889	54	2	Flat
£202.5K	03/23	0.84 mi	56, Earlsfield Drive, Chelmsford, Essex CM2 6SX	-	-	2	Flat
£240K	02/23	0.85 mi	23, Earlsfield Drive, Chelmsford, Essex CM2 6SX	£4,615	52	2	Flat
£196.5K	03/23	0.89 mi	136, Ramshaw Drive, Chelmsford, Essex CM2 6UB	£3,358	59	2	Flat
£198K	03/21	0.89 mi	34, Ramshaw Drive, Chelmsford, Essex CM2 6UB	£3,808	52	2	Flat
£211K	02/21	0.89 mi	42, Ramshaw Drive, Chelmsford, Essex CM2 6UB	£4,220	50	2	Flat
£215K	01/21	0.89 mi	66, Ramshaw Drive, Chelmsford, Essex CM2 6UB	£4,057	53	2	Flat
£219K	02/23	0.89 mi	46, Ramshaw Drive, Chelmsford, Essex CM2 6UB	£4,294	51	2	Flat
£245K	01/21	0.93 mi	78, Chelmer Road, Chelmsford, Essex CM2 6AB	£3,889	63	2	Flat
£225K	05/21	0.93 mi	145, Beeleigh Link, Chelmsford, Essex CM2 6PH	£3,504	64	2	Flat

Local Rents

25 rents from £1.1K/mo to £1.6K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,050	03/24	0.05 mi	Lupin Drive, Chelmsford	2	Flat
£1,100	05/24	0.09 mi	-	2	Flat
£1,100	05/24	0.09 mi	Lupin Drive, Chelmsford, Cm1, CM1	2	Flat
£1,100	03/24	0.11 mi	Lupin Drive, Springfield, Chelmsford, CM1	2	Flat
£1,100	03/24	0.16 mi	Cornflower Drive , Springfield	2	Flat
£1,350	03/25	0.18 mi	-	2	Flat
£1,100	05/24	0.21 mi	Foxglove Way, CM1	2	Flat
£1,200	05/24	0.22 mi	-	2	Flat
£1,200	05/24	0.22 mi	Foxglove Way, Chelmsford, CM1	2	Flat
£1,200	05/24	0.22 mi	Foxglove Way, Chelmsford, CM1	2	Flat
£1,100	05/24	0.25 mi	Oasis Court, Chelmsford, CM2	2	Flat
£1,250	01/25	0.26 mi	-	2	Flat
£1,050	11/23	0.27 mi	Rembrandt Grove	2	Flat
£1,600	04/24	0.28 mi	Falmouth Road, Chelmsford, CM1	2	Bungalow
£1,150	03/24	0.35 mi	Springfield Road, CM2	2	Flat
£1,100	03/24	0.39 mi	Forsythia Close, Springfield	2	Flat
£1,200	03/24	0.45 mi	Springfield Road, CM2	2	Flat
£1,100	04/24	0.45 mi	Violet Close, Chelmsford, CM1	2	Flat
£1,150	11/23	0.48 mi	Snowdrop Close, Chelmsford, Essex, CM1	2	Flat
£1,200	03/24	0.48 mi	Burnell Gate, Beaulieu Park, Chelmsford, CM1 6ED	2	Flat
£1,200	03/24	0.48 mi	Burnell Gate, Beaulieu Park, CM1	2	Flat
£1,100	04/24	0.49 mi	Crocus Way, Springfield	2	Flat
£1,195	12/24	0.5 mi	-	2	Flat
£1,300	05/24	0.51 mi	Springfield Road, Chelmsford	2	Flat
£1,200	03/24	0.62 mi	Waveney Drive, Chelmsford, CM1	2	Flat

Local Area Statistics

Population in CM1	62,61762,617
Population in Chelmsford	174,693174,693
Town centre distance	1.70 miles away1.70 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.63 miles away1.63 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £180,000

May 15, 2024

Sold for £43,250

1999

Floor Plans

Description

Two bedrooms +
Top floor apartment +
Spacious living / dining room +
Off-street parking +
Sought-after location +
Ideal for first-time buyers or investors +

Located in the sought-after area of Springfield is this modern top floor apartment offering a stylish and convenient living space and resident parking. The property boasts two bedrooms, a contemporary bathroom, a fitted kitchen and a separate spacious lounge / dining room with a large south-facing window overlooking lawns and trees.

This property is located at the end of two cul-de-sacs with no passing traffic and is within easy reach of local amenities and transport links, this apartment is ideal for first-time buyers or investors,. Don't miss the opportunity to make this your new home. Contact us today to arrange a viewing. (Ref: CHS240181)

Council Tax Band: B
Length of Lease: 189 years
Lease Commencement Date: 25/12/1977
Ground Rent Charges: T.B.A.
Amount of Last Service Charges: £1,370.59 pa

Agent Details

Beresfords, Chelmsford

01245 945593

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

2 Bed Flat, Single Let, Chelmsford, CM1 6FT

£180,000

5 months ago • 49 m²

Sold STC

2 Bed Flat, Refurb/BRRR, Chelmsford, CM1 6YJ

£180,000

4 views • 2 months ago • 68 m²

Sold STC

3 Bed House, Single Let, Chelmsford, CM1 6YJ

£340,000

4 views • 7 months ago • 65 m²

4 Bed House, Single Let, Chelmsford, CM1 6YN

£425,000

a year ago • 96 m²

2 Bed Flat, Single Let, Chelmsford, CM1 6YL, £180,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

2 Bed Flat, Single Let, Chelmsford, CM1 6FT

2 Bed Flat, Refurb/BRRR, Chelmsford, CM1 6YJ

3 Bed House, Single Let, Chelmsford, CM1 6YJ

4 Bed House, Single Let, Chelmsford, CM1 6YN

Cashflows

Local Sold Prices

Local Rents