2 Bed Flat, Single Let, Dunmow, CM6 1HS, £267,000

Braintree Road, Dunmow, CM6 1HS - 4 views - 10 months ago

Leasehold
BTL
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£97.5K - £255K
Sold Prices/m²£1.7K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.9K/m²

Value Estimate

£228,421

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,750

Stamp Duty & Legal Fees

£10,060

Total Cash In

£76,810

 

 

Cash Out

 

Rent Range

£915 - £1,400

Rent Estimate

£869

Running Costs/mo

£1,028

Cashflow/mo

£-159

Cashflow/yr

£-1,910

Gross Yield

4%

Local Sold Prices

30 sold prices from £97.5K to £255K, average is £207.5K. £1.7K/m² to £4.7K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£241K10/220.09 miFlat 30, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£180K10/200.09 miFlat 32, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB2
£190K11/210.09 miFlat 37, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB2
£212.5K12/220.1 miFlat 8, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£210K02/210.1 miFlat 33, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£215K08/220.12 miFlat 6, Melville House, Braintree Road, Dunmow, Essex CM6 1HS2
£180K12/220.12 miFlat 15, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BN2
£185K04/230.13 mi7, Weavers Close, Dunmow, Essex CM6 1FR2
£169.5K08/210.13 miFlat 45, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BW2
£180K03/230.13 miFlat 42, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BW2
£225K08/220.14 mi17, White Hart Way, Dunmow, Essex CM6 1FS2
£230K03/210.15 mi9, Harmans Yard, Dunmow, Essex CM6 1AS2
£210K03/210.2 mi11, Harris Green, Dunmow, Essex CM6 1FP2
£199K08/220.2 mi19, Harris Green, Dunmow, Essex CM6 1FP2
£255K01/230.2 mi12, Harris Green, Dunmow, Essex CM6 1FP2
£215K09/210.32 mi3, Buckingham Court, Dunmow, Essex CM6 1XE2
£205K08/210.32 mi17, Buckingham Court, Dunmow, Essex CM6 1XE2
£223.5K06/210.32 mi24, Buckingham Court, Dunmow, Essex CM6 1XE2
£175K01/210.33 mi39a, The Close, Dunmow, Essex CM6 1EW2
£230K05/210.5 mi6, The Downs, Dunmow, Essex CM6 1DS2
£140K11/200.56 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£140K11/200.56 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£143K11/200.56 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£210K12/200.56 mi130, Godfrey Way, Dunmow, Essex CM6 2SQ2
£188K06/210.56 mi128, Godfrey Way, Dunmow, Essex CM6 2SQ2
£222.5K07/230.56 mi130, Godfrey Way, Dunmow, Essex CM6 2SQ2
£217K10/220.56 mi134, Godfrey Way, Dunmow, Essex CM6 2SQ2
£240K03/230.57 mi57, The Causeway, Dunmow, Essex CM6 2AA2
£200K10/200.59 mi18b, Waldgrooms, Dunmow, Essex CM6 1EA2
£97.5K03/210.62 mi16, Conifer Way, Dunmow, Essex CM6 1XB2

Local Rents

10 rents from £915/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,17503/250.02 mi-2
£1,00012/240.08 miFitzwalter Place, Chelmsford Road, Dunmow, Essex, CM62
£1,40012/240.11 miMaple Way, Dunmow, Essex, CM62
£91510/230.12 mi-2
£1,20012/240.22 miNursery Rise, Dunmow2
£1,00012/230.23 mi-2
£1,40012/240.26 miSpringfields, Dunmow2
£99002/250.53 mi-2
£99003/250.53 mi-2
£1,25012/240.59 miWillow Road, Woodlands Park2

Local Area Statistics

Population in CM6

24,916

Population in Dunmow

24,925

Town centre distance

0.33 miles away

Nearest school

0.20 miles away

Nearest train station

4.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+47%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £267,000

June 11, 2024

Floor Plans

Description

  • 2 Good Bedrooms +
  • Electric Heating +
  • Allocated Parking +
  • Private Balcony +
  • Town Centre Location +
  • Double Glazing +

DESCRIPTION Offered with NO ONWARD CHAIN a desirable apartment in a modern building at the heart of the town and within a very short distance of the local amenities. The apartment has well-proportioned 2-bedroom accommodation with the extra benefit of a PRIVATE BALCONY perfect to sit out with a couple of chairs. There is an allocated parking space and a good range of shops, restaurants and cafes all within a short walk. 

FIRST FLOOR  

ENTRANCE HALL  

KITCHEN/LIVING/DINING ROOM 20' 7" x 13' 0" (6.27m x 3.96m) Doors to: 

BALCONY 6' 6" x 6' 6" (1.98m x 1.98m)  

BEDROOM 1 13' 8" x 9' 0" (4.17m x 2.74m)  

EN-SUITE SHOWER & WC  

BEDROOM 2 13' 11" x 7' 9" (4.24m x 2.36m)  

FAMILY BATHROOM  

EXTERIOR At the rear of the building is a parking area within which no. 3 has an allocated space. 

TENURE & SERVICE CHARGES We understand the property to be leasehold and vacant possession is to be granted upon completion (subject to confirmation by the seller's solicitor). We understand the lease to have been created August 1st 2016 for a period of 125 years (117 years remaining).

Ground rent is understood to be £250 per year and a Service Charge (currently understood to be £1,694.00 per year and paid in two half-yearly installments) is revised on an annual basis. This covers buildings insurance, maintenance, utilities of the communal areas and property management along with a percentage of the charge being put into a "Reserve Account". 

SERVICES Mains water, drainage and electricity services are understood to be connected. No services or installations have been tested.  

BROADBAND It is understood that Fibre Optic Broadband is available in this area. 

COUNCIL TAX Council Tax is payable to Epping Forest District Council. The property is shown in Council Tax band 'C'.  

SCHOOL PRIORITY ADMISSIONS AREA The property stands in the Priority Admissions Area for Dunmow St Mary's Primary School & Helena Romanes School.

Agent Details

Stevenette & Company, Epping

01992 662067

Next Steps?

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