2 Bed Flat, Single Let, Chelmsford, CM2 6HU, £275,000

25 Coates Quay, Chelmsford, Essex, CM2 6HU - 3 views - 10 months ago

Leasehold

BTL

ROI: 1%

55 m²

+7 photos

ValuationOvervalued

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

Square Metres	55.27 m²
Price/m²	£5K/m²
Value Estimate	£220,279£220,279

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£68,750£68,750
Stamp Duty & Legal Fees	£10,700£10,700
Total Cash In	£79,450£79,450

Cash Out
Rent Range	£950 - £2,050£950 - £2,050
Rent Estimate	£1,148
Running Costs/mo	£1,109£1,109
Cashflow/mo	£39£39
Cashflow/yr	£468£468
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £236K. £3.1K/m² to £5.5K/m², average is £4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£242.5K	11/21	0 mi	4, Coates Quay, Chelmsford, Essex CM2 6HU	£4,254	57	2	Flat
£260K	02/23	0 mi	18, Coates Quay, Chelmsford, Essex CM2 6HU	£5,200	50	2	Flat
£254K	11/21	0.03 mi	42, Wharf Road, Chelmsford, Essex CM2 6LU	£3,432	74	2	Flat
£270K	11/20	0.05 mi	85, Wharf Road, Chelmsford, Essex CM2 6FS	£3,293	82	2	Flat
£320K	06/23	0.06 mi	85, Wharf Road, Chelmsford, Essex CM2 6FS	£3,902	82	2	Flat
£160K	12/20	0.13 mi	Flat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ	-	-	2	Flat
£385K	06/23	0.22 mi	89, Bond Street, Chelmsford, Essex CM1 1GD	-	-	2	Flat
£220K	12/20	0.22 mi	53, Hill Road, Chelmsford, Essex CM2 6HP	£3,099	71	2	Flat
£300K	03/21	0.27 mi	48, Lockside Marina, Chelmsford, Essex CM2 6HF	£4,762	63	2	Flat
£252.5K	02/21	0.28 mi	75, Lockside Marina, Chelmsford, Essex CM2 6HF	£4,208	60	2	Flat
£215K	02/23	0.3 mi	14, Abbotts Place, Chelmsford, Essex CM2 6RD	-	-	2	Flat
£245K	02/21	0.34 mi	11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH	£3,356	73	2	Flat
£245K	02/21	0.34 mi	11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH	£3,356	73	2	Flat
£195K	08/21	0.38 mi	Flat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW	-	-	2	Flat
£190K	03/21	0.38 mi	Flat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW	£3,958	48	2	Flat
£232.5K	07/23	0.38 mi	Flat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW	-	-	2	Flat
£280K	09/21	0.44 mi	3, County Place, Chelmsford, Essex CM2 0RF	£4,590	61	2	Flat
£215K	03/23	0.46 mi	172, Baddow Road, Chelmsford, Essex CM2 9QW	£3,583	60	2	Flat
£285K	04/21	0.48 mi	102, Watson Heights, Chelmsford, Essex CM1 1AF	£3,958	72	2	Flat
£140K	07/21	0.5 mi	62, Godfreys Mews, Chelmsford, Essex CM2 0XE	£3,067	46	2	Flat
£275K	03/21	0.53 mi	34, Hayes Close, Chelmsford, Essex CM2 0RN	£3,986	69	2	Flat
£85K	06/21	0.57 mi	Flat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW	-	-	2	Flat
£232K	05/21	0.6 mi	82, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,640	50	2	Flat
£232K	05/21	0.6 mi	82, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,640	50	2	Flat
£250K	06/21	0.6 mi	98, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,717	53	2	Flat
£80.8K	03/21	0.62 mi	Flat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR	-	-	2	Flat
£215K	07/23	0.64 mi	21, Amcotes Place, Chelmsford, Essex CM2 9HZ	£3,564	60	2	Flat
£215K	01/23	0.64 mi	47, Stapleford Close, Chelmsford, Essex CM2 0RB	£4,135	52	2	Flat
£253K	02/21	0.64 mi	42, Railway Street, Chelmsford, Essex CM1 1QS	£3,485	73	2	Flat
£223K	11/21	0.65 mi	38, Stapleford Close, Chelmsford, Essex CM2 0RB	£4,288	52	2	Flat
£240K	10/21	0.66 mi	Flat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE	-	-	2	Flat
£313K	06/21	0.67 mi	Flat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£310K	05/23	0.68 mi	Flat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£320K	07/23	0.68 mi	Flat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£250K	07/23	0.69 mi	92a, Moulsham Street, Chelmsford, Essex CM2 0JF	£5,532	45	2	Flat
£190K	05/21	0.7 mi	42, Jeffcut Road, Chelmsford, Essex CM2 6XN	£3,519	54	2	Flat
£188K	01/21	0.7 mi	30, Jeffcut Road, Chelmsford, Essex CM2 6XN	£3,760	50	2	Flat
£220K	12/22	0.72 mi	18, Coval Lane, Chelmsford, Essex CM1 1TD	£3,667	60	2	Flat
£325K	01/23	0.72 mi	Flat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£245K	01/21	0.72 mi	78, Chelmer Road, Chelmsford, Essex CM2 6AB	£3,889	63	2	Flat
£205.5K	09/21	0.73 mi	Flat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ	-	-	2	Flat
£247.5K	01/23	0.74 mi	5, Goodwin Close, Chelmsford, Essex CM2 9GX	£4,670	53	2	Flat
£237K	06/21	0.74 mi	21, Goodwin Close, Chelmsford, Essex CM2 9GX	£4,647	51	2	Flat
£225K	04/21	0.75 mi	24, Burghley Way, Chelmsford, Essex CM2 9LQ	£4,416	51	2	Flat
£230K	12/20	0.75 mi	44, Burghley Way, Chelmsford, Essex CM2 9LQ	£4,510	51	2	Flat
£235K	01/23	0.75 mi	10, Waterson Vale, Chelmsford, Essex CM2 9PB	£3,672	64	2	Flat
£205K	12/20	0.76 mi	25, Fawkner Close, Chelmsford, Essex CM2 6UP	£3,942	52	2	Flat
£210K	12/20	0.76 mi	27, Fawkner Close, Chelmsford, Essex CM2 6UP	£4,200	50	2	Flat
£242.5K	06/23	0.76 mi	25, Fawkner Close, Chelmsford, Essex CM2 6UP	£4,663	52	2	Flat
£225K	12/22	0.77 mi	114, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR	£3,516	64	2	Flat

Local Rents

50 rents from £950/mo to £2K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,295	03/24	0 mi	Coates Quay, Chelmsford, Essex, CM2	2	Flat
£1,195	03/24	0 mi	Coates Quay, Chelmsford	2	Flat
£1,475	10/23	0.02 mi	Springfield Basin, Chelmsford	2	Flat
£1,250	10/23	0.02 mi	Springfield Basin, Wharf Road, Chelmsford, Essex, CM2	2	Flat
£1,450	03/24	0.06 mi	Navigation Road, Chelmsford	2	Flat
£1,550	05/24	0.06 mi	Cressy Quay, Chelmsford	2	Flat
£1,550	05/24	0.06 mi	Cressy Quay, Chelmsford, Essex, CM2	2	Flat
£1,600	05/24	0.06 mi	Navigation Yard, CHELMSFORD	2	Flat
£1,600	05/24	0.06 mi	Navigation Yard, Chelmsford	2	Flat
£2,050	10/23	0.06 mi	Wharf Road, Chelmsford	2	Flat
£1,595	04/24	0.06 mi	The Waterfront, Wharf Road, Chelmsford	2	Flat
£1,595	04/24	0.06 mi	Wharf Road, Chelmsford	2	Flat
£1,250	03/24	0.09 mi	Sandringham Place, Chelmsford	2	Flat
£1,200	04/25	0.12 mi	-	2	Flat
£1,595	03/24	0.13 mi	Springfield Road, Chelmsford	2	Flat
£1,600	04/24	0.13 mi	Springfield Road, CHELMSFORD	2	Flat
£1,300	04/24	0.14 mi	Rosebery House, Springfield Road, Chelmsford, CM2 6ZP	2	Flat
£1,550	04/24	0.15 mi	Rivers House, Chelmsford	2	Flat
£1,350	03/24	0.16 mi	Navigation Road, Chelmsford, Essex, CM2	2	Terraced House
£1,450	04/24	0.16 mi	Rivers House, 129 Springfield Road, Chelmsford, Essex, CM2	2	Flat
£1,350	03/24	0.16 mi	Navigation Road, Chelmsford, Essex	2	Flat
£1,350	04/24	0.16 mi	Navigation Road, Chelmsford, Essex	2	House
£1,700	02/24	0.17 mi	-	2	Flat
£1,350	03/24	0.19 mi	-	2	Terraced House
£1,350	04/24	0.19 mi	-	2	Terraced House
£1,600	03/24	0.21 mi	Rivers House, Springfield Road, Chelmsford, CM2	2	Flat
£1,500	04/24	0.21 mi	Rivers House, Springfield Road, Chelmsford, CM2	2	Flat
£1,750	04/24	0.22 mi	236 Wharf Road, CM2	2	Flat
£1,650	04/24	0.22 mi	Bond Street, Chelmsford	2	Flat
£1,517	04/24	0.22 mi	Bond Street, CHELMSFORD, Essex, CM1	2	Flat
£1,350	03/24	0.22 mi	Hill Road, Chelmsford City Centre, CM2 6HP	2	Flat
£1,200	03/24	0.23 mi	Springfield Road	2	Flat
£1,450	04/24	0.24 mi	Canside, Chelmsford, CM1	2	Flat
£1,400	03/24	0.24 mi	Bond Street, Chelmsford, CM1	2	Flat
£1,400	03/24	0.24 mi	-	2	Flat
£1,650	04/24	0.25 mi	Wharf road, Chelmsford	2	Flat
£1,500	04/24	0.25 mi	Bond Street, Chelmsford, Essex, CM1	2	Flat
£1,350	04/24	0.26 mi	Moulsham Street, Chelmsford	2	Flat
£1,250	03/24	0.26 mi	Parkway House	2	Flat
£1,100	04/24	0.26 mi	Parkway House, 49 Baddow Road, CM2	2	Flat
£1,600	05/24	0.27 mi	Wharf road, Chelmsford	2	Flat
£1,195	03/24	0.27 mi	Lockside Marina, CM2	2	Flat
£1,275	03/24	0.28 mi	Lockside Marina, Chelmsford	2	Flat
£1,400	04/24	0.28 mi	Lockside Marina, Chelmsford, CM2 6HF	2	Flat
£1,425	04/24	0.28 mi	Lockside Marina, CHELMSFORD	2	Flat
£1,425	05/24	0.28 mi	Lockside Marina, CHELMSFORD	2	Flat
£1,400	05/24	0.28 mi	Lockside Marina, Chelmsford, CM2 6HF	2	Flat
£1,300	03/24	0.28 mi	-	2	Flat
£950	03/24	0.28 mi	Baddow Road, CM2	2	Flat
£1,195	03/24	0.3 mi	Abbotts Place, Chelmsford, Essex, CM2	2	Flat

Local Area Statistics

Population in CM2	58,24458,244
Population in Chelmsford	174,693174,693
Town centre distance	0.74 miles away0.74 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.58 miles away0.58 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+23%+23%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £275,000

June 15, 2024

Sold for £165,000

2009

Sold for £65,000

1997

Description

Includes a share of the freehold +
Sought after & convenient location +
Chelmsford City Centre & mainline railway station easily accessible +
Views of the River / waterfront from the lounge +
Allocated parking +
Fitted kitchen with appliances +
Good size bedrooms +
Fitted wardrobes to main bedroom +
Good size lounge 17’ 9” x 11’ 6” +
No onward chain +

VIEWINGS: CALL John Hills

Opportunity to acquire this good size two bedroom first floor apartment together with a share of the freehold

Service charge is approximately £1,413 per annum

Ground rent approximately £150 per annum The apartment is spacious and is presented in good condition with the advantage of built in wardrobes to the main bedroom and a French doors off the lounge to a Juliet balcony with views of the river.

Chelmsford City centre with all its many shops, bars, restaurants and other facilities is easily accessible as is the mainline railway station for convenient commute into London.

There is allocated parking in dedicated car park.

Available with no onward chain.

Agent Details

Curtis O'Boyle, Maldon

01621 738320

Next Steps?

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

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