2 Bed Flat, Single Let, Chelmsford, CM1 3GN, £200,000

Rookes Crescent, Chelmsford, CM1 3GN - 1 views - 10 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£80.8K - £325K
Sold Prices/m²£2K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£248,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Rent Range

£1,075 - £1,600

Rent Estimate

£1,200

Running Costs/mo

£885

Cashflow/mo

£315

Cashflow/yr

£3,780

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80.8K to £325K, average is £216.5K. £2K/m² to £5.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£225K10/210 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£225K10/210.04 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.04 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.04 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K03/210.05 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£197.5K01/210.05 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.05 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£195K01/230.06 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£205K01/230.07 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£186K08/210.07 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£184K12/200.08 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£202K03/230.08 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£254K03/230.14 miFlat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£250K04/230.14 miFlat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£260K01/210.15 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£215K04/210.19 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.19 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£207.5K05/230.21 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£307.5K07/230.22 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£200K03/210.26 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£325K01/230.31 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£175K02/210.33 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£227.5K12/220.35 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£112.5K01/230.35 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£223K11/210.36 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£215K01/230.37 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£200K05/230.37 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£310K05/230.38 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.38 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.39 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£183K06/210.4 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£250K07/230.4 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£183K06/210.4 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.4 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£232K05/210.4 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.4 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.41 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£240K10/210.42 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£275K03/210.48 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£282.5K11/210.51 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£140K07/210.56 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£218K03/210.57 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£265K01/210.57 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.57 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£280K09/210.57 mi3, County Place, Chelmsford, Essex CM2 0RF2
£195K11/210.62 mi18, Sherwood Drive, Chelmsford, Essex CM1 3DN2
£220K12/220.65 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.69 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£85K06/210.69 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2

Local Rents

50 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25004/240 miRookes Crescent, Chelmsford2
£1,30005/240 miRookes Crescent, Chelmsford2
£1,25004/240 miRookes Crescent, Chelmsford, Essex, CM12
£1,20003/240.06 miParkinson Drive, Chelmsford2
£1,30003/250.07 mi-2
£1,20004/240.07 miEvelyn Place, CM12
£1,30004/240.08 miCrompton Street, Chelmsford, CM12
£1,35004/240.08 miCrompton Street, Chelmsford2
£1,30003/250.08 mi-2
£1,07504/250.08 mi-2
£1,20003/240.08 miParkinson Drive, Chelmsford, CM1 3GW2
£1,40012/240.08 mi-2
£1,17503/240.1 miParkinson Drive, CHELMSFORD2
£1,30004/240.1 miParkinson Drive, Chelmsford2
£1,20005/240.1 miParkinson Drive, CHELMSFORD2
£1,20003/240.1 miParkinson Drive, CM12
£1,60004/240.1 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.1 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,50004/240.12 miCrompton Street, Chelmsford, CM12
£1,40004/240.12 miCrompton Street, Chelmsford2
£1,35003/240.15 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.15 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,10004/240.17 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,25002/240.19 mi-2
£1,40004/240.2 miUpper Bridge Road, Chelmsford2
£1,40004/240.2 miUpper Bridge Road, Chelmsford2
£1,35001/250.21 mi-2
£1,20004/240.21 miHaig Court, CHELMSFORD2
£1,15004/240.22 miHaig Court, Chelmsford, CM22
£1,25001/250.22 mi-2
£1,30003/240.25 miUpper Bridge Road, Chelmsford, CM22
£1,30003/240.25 mi-2
£1,30004/240.26 miUpper Bridge Road, Chelmsford2
£1,19504/240.28 miLower Anchor Street, Old Moulsham2
£1,35004/240.29 miFalcons Mead, CITY CENTRE, Chelmsford, CM2 0NN2
£1,35003/240.29 miLower Anchor Street, Chelmsford, CM22
£1,35003/240.29 miLower Anchor Street, Chelmsford, CM22
£1,30005/240.29 miBradford Street, Chelmsford2
£1,35005/240.3 miCutmore Place, Chelmsford, CM22
£1,40004/240.3 miCutmore Place, Chelmsford, CM22
£1,35005/240.3 miCutmore Place, CHELMSFORD2
£1,10005/240.31 miMead Path, Chelmsford2
£1,25003/240.34 miMoulsham Street, Chelmsford2
£1,25004/240.34 miMoulsham Street, Chelmsford2
£1,50012/240.36 miWolseley Road, Chelmsford, Essex, CM22
£1,40004/240.37 miNew Writtle Street, Chelmsford, CM22
£1,35005/240.37 miNew Writtle Street, Chelmsford, CM22
£1,35004/240.37 miNew Writtle Street, Chelmsford, CM2 0RR2
£1,25003/240.38 miNew Writtle Street, Chelmsford, CM22
£1,25004/240.38 miNew Writtle Street, Chelmsford, CM22

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.72 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £200,000

February 16, 2025

Price changed to £210,000

January 5, 2025

Price changed to £220,000

December 4, 2024

Listed for £230,000

June 26, 2024

Floor Plans

Description

  • GUIDE PRICE: £210,000 - £215,000 +
  • Two Bedroom Apartment +
  • Close to Chelmsford City Centre +
  • Allocated Parking Space +
  • Kitchen with Appliances +

SUMMARY
A beautifully maintained first-floor apartment with two bedrooms, conveniently located near Chelmsford city center and a variety of local amenities and attractions. This property is well-maintained and ideal for a first time buyers or as an investment.

DESCRIPTION
A beautifully maintained first-floor apartment with two bedrooms, conveniently located near Chelmsford city center and a variety of local amenities and attractions. This property is well-maintained and ideal for a first time buyers or as an investment.

Inside, you'll find an open-plan living area seamlessly connected to a modern kitchen with essential appliances. There are two spacious double bedrooms and a family bathroom with shower facilities. Outside, there is one designated parking space for the apartment.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Chelmsford

01245 945312

Next Steps?

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