2 Bed Flat, Single Let, Chelmsford, CM2 0BH, £200,000

34 Haig Court, Chelmsford, Essex, CM2 0BH - 5 views - 9 months ago

Sold STC

Leasehold

BTL

ROI: 6%

61 m²

+3 photos

ValuationUndervalued

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

Square Metres	61 m²
Price/m²	£3.3K/m²
Value Estimate	£232,627£232,627
BMV	16%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£57,200£57,200

Cash Out
Rent Range	£1,075 - £1,600£1,075 - £1,600
Rent Estimate	£1,180
Running Costs/mo	£881£881
Cashflow/mo	£299£299
Cashflow/yr	£3,588£3,588
ROI	6%6%
Gross Yield	7%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£215K	04/21	0 mi	39, Haig Court, Chelmsford, Essex CM2 0BH	£3,413	63	2	Flat
£195K	03/23	0 mi	8, Haig Court, Chelmsford, Essex CM2 0BH	£3,545	55	2	Flat
£307.5K	07/23	0.03 mi	30, Bradford Street, Chelmsford, Essex CM2 0FJ	£4,212	73	2	Flat
£260K	01/21	0.03 mi	39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ	£4,127	63	2	Flat
£207.5K	05/23	0.04 mi	66, Haig Court, Chelmsford, Essex CM2 0BJ	£3,705	56	2	Flat
£195K	01/23	0.13 mi	72, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,482	56	2	Flat
£195K	03/21	0.14 mi	74, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,679	53	2	Flat
£223K	11/21	0.18 mi	38, Stapleford Close, Chelmsford, Essex CM2 0RB	£4,288	52	2	Flat
£325K	01/23	0.18 mi	Flat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£215K	01/23	0.18 mi	47, Stapleford Close, Chelmsford, Essex CM2 0RB	£4,135	52	2	Flat
£225K	10/21	0.19 mi	193, Rookes Crescent, Chelmsford, Essex CM1 3GN	£5,357	42	2	Flat
£218K	04/21	0.19 mi	187, Rookes Crescent, Chelmsford, Essex CM1 3GN	£3,105	70	2	Flat
£197.5K	01/21	0.21 mi	29, Rookes Crescent, Chelmsford, Essex CM1 3GL	£3,675	54	2	Flat
£213K	10/20	0.21 mi	5, Rookes Crescent, Chelmsford, Essex CM1 3GL	£3,797	56	2	Flat
£197K	04/23	0.21 mi	23, Rookes Crescent, Chelmsford, Essex CM1 3GL	£3,455	57	2	Flat
£232K	05/21	0.22 mi	82, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,640	50	2	Flat
£250K	06/21	0.22 mi	98, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,717	53	2	Flat
£225K	10/21	0.22 mi	20, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,814	59	2	Flat
£215K	04/21	0.22 mi	58, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,909	55	2	Flat
£190K	06/21	0.22 mi	64, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,585	53	2	Flat
£232K	05/21	0.23 mi	82, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,640	50	2	Flat
£250K	07/23	0.24 mi	92a, Moulsham Street, Chelmsford, Essex CM2 0JF	£5,532	45	2	Flat
£240K	10/21	0.25 mi	Flat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE	-	-	2	Flat
£310K	05/23	0.25 mi	Flat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£320K	07/23	0.25 mi	Flat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£313K	06/21	0.25 mi	Flat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£205K	01/23	0.25 mi	39, Evelyn Place, Chelmsford, Essex CM1 3GZ	£3,631	56	2	Flat
£184K	12/20	0.26 mi	108, Crompton Street, Chelmsford, Essex CM1 3GP	£3,286	56	2	Flat
£186K	08/21	0.26 mi	29, Evelyn Place, Chelmsford, Essex CM1 3GZ	£3,152	59	2	Flat
£202K	03/23	0.26 mi	35, Evelyn Place, Chelmsford, Essex CM1 3GZ	£4,122	49	2	Flat
£275K	03/21	0.3 mi	34, Hayes Close, Chelmsford, Essex CM2 0RN	£3,986	69	2	Flat
£254K	03/23	0.32 mi	Flat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW	-	-	2	Flat
£250K	04/23	0.32 mi	Flat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW	-	-	2	Flat
£200K	03/21	0.35 mi	54, Redmayne Drive, Chelmsford, Essex CM2 9AG	£3,846	52	2	Flat
£140K	07/21	0.37 mi	62, Godfreys Mews, Chelmsford, Essex CM2 0XE	£3,067	46	2	Flat
£280K	09/21	0.4 mi	3, County Place, Chelmsford, Essex CM2 0RF	£4,590	61	2	Flat
£183K	06/21	0.42 mi	13, Brooklands Walk, Chelmsford, Essex CM2 9BH	-	-	2	Flat
£183K	06/21	0.43 mi	13, Brooklands Walk, Chelmsford, Essex CM2 9BH	-	-	2	Flat
£204K	12/20	0.43 mi	52, Brooklands Walk, Chelmsford, Essex CM2 9BH	£4,340	47	2	Flat
£227.5K	12/22	0.45 mi	162, Redmayne Drive, Chelmsford, Essex CM2 9XE	£4,375	52	2	Flat
£112.5K	01/23	0.45 mi	214, Redmayne Drive, Chelmsford, Essex CM2 9XE	£1,974	57	2	Flat
£200K	05/23	0.45 mi	65, Redmayne Drive, Chelmsford, Essex CM2 9XG	£3,774	53	2	Flat
£282.5K	11/21	0.46 mi	4, Alma Drive, Chelmsford, Essex CM1 1TW	£3,924	72	2	Flat
£175K	02/21	0.51 mi	18, Delamere Road, Chelmsford, Essex CM1 2TG	£3,646	48	2	Flat
£218K	03/21	0.54 mi	24, Rainsford Lane, Chelmsford, Essex CM1 2QR	£3,701	59	2	Flat
£220K	12/22	0.56 mi	18, Coval Lane, Chelmsford, Essex CM1 1TD	£3,667	60	2	Flat
£85K	06/21	0.57 mi	Flat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW	-	-	2	Flat
£80.8K	03/21	0.57 mi	Flat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR	-	-	2	Flat
£265K	01/21	0.64 mi	11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW	£4,569	58	2	Flat
£300K	09/21	0.64 mi	5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW	£4,110	73	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,200	04/24	0.04 mi	Haig Court, CHELMSFORD	2	Flat
£1,150	04/24	0.04 mi	Haig Court, Chelmsford, CM2	2	Flat
£1,250	01/25	0.04 mi	-	2	Flat
£1,350	03/24	0.05 mi	Upperbridge Road, Old Moulsham, Chelmsford, CM2	2	Terraced House
£1,400	03/24	0.05 mi	Upperbridge Road, Old Moulsham, Chelmsford, CM2	2	Terraced House
£1,350	01/25	0.05 mi	-	2	Flat
£1,400	04/24	0.09 mi	Upper Bridge Road, Chelmsford	2	Terraced House
£1,400	04/24	0.09 mi	Upper Bridge Road, Chelmsford	2	Terraced House
£1,195	04/24	0.1 mi	Lower Anchor Street, Old Moulsham	2	Flat
£1,350	03/24	0.1 mi	Lower Anchor Street, Chelmsford, CM2	2	Terraced House
£1,350	03/24	0.1 mi	Lower Anchor Street, Chelmsford, CM2	2	Terraced House
£1,300	05/24	0.11 mi	Bradford Street, Chelmsford	2	Flat
£1,200	03/24	0.12 mi	Parkinson Drive, CM1	2	Flat
£1,300	03/24	0.12 mi	Upper Bridge Road, Chelmsford, CM2	2	Flat
£1,300	03/24	0.12 mi	-	2	Flat
£1,175	03/24	0.12 mi	Parkinson Drive, CHELMSFORD	2	Flat
£1,300	04/24	0.12 mi	Parkinson Drive, Chelmsford	2	Flat
£1,200	05/24	0.12 mi	Parkinson Drive, CHELMSFORD	2	Flat
£1,300	04/24	0.13 mi	Upper Bridge Road, Chelmsford	2	Flat
£1,200	03/24	0.14 mi	Parkinson Drive, Chelmsford, CM1 3GW	2	Flat
£1,600	04/24	0.15 mi	Upper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA	2	Terraced House
£1,450	04/24	0.15 mi	Upper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA	2	Terraced House
£1,350	04/24	0.17 mi	Falcons Mead, CITY CENTRE, Chelmsford, CM2 0NN	2	Flat
£1,250	04/24	0.18 mi	Rookes Crescent, Chelmsford, Essex, CM1	2	Flat
£1,250	04/24	0.19 mi	Rookes Crescent, Chelmsford	2	Flat
£1,300	05/24	0.19 mi	Rookes Crescent, Chelmsford	2	Flat
£1,400	04/24	0.2 mi	New Writtle Street, Chelmsford, CM2	2	Flat
£1,350	05/24	0.2 mi	New Writtle Street, Chelmsford, CM2	2	Flat
£1,375	03/24	0.21 mi	Redcliffe Road, Old Moulsham, Chelmsford, CM2	2	Terraced House
£1,350	04/24	0.21 mi	New Writtle Street, Chelmsford, CM2 0RR	2	Flat
£1,250	03/24	0.21 mi	New Writtle Street, Chelmsford, CM2	2	Flat
£1,250	04/24	0.21 mi	New Writtle Street, Chelmsford, CM2	2	Flat
£1,500	12/24	0.22 mi	Wolseley Road, Chelmsford, Essex, CM2	2	Terraced House
£1,300	04/24	0.22 mi	Anchor Street, Chelmsford, CM2	2	Terraced House
£1,250	02/24	0.23 mi	-	2	Flat
£1,200	05/24	0.23 mi	Stapleford Close, Chelmsford, CM2	2	Flat
£1,200	12/24	0.23 mi	Stapleford Close, Chelmsford, CM2	2	Flat
£1,395	04/24	0.24 mi	Anchor Street, CHELMSFORD	2	House
£1,250	04/24	0.24 mi	Anchor Street, Chelmsford, CM2 0JY	2	Terraced House
£1,300	03/25	0.24 mi	-	2	Flat
£1,250	03/24	0.24 mi	Moulsham Street, Chelmsford	2	Flat
£1,250	04/24	0.24 mi	Moulsham Street, Chelmsford	2	Flat
£1,200	03/24	0.24 mi	Parkinson Drive, Chelmsford	2	Flat
£1,350	12/24	0.25 mi	-	2	Terraced House
£1,075	03/25	0.25 mi	-	2	Flat
£1,250	04/24	0.25 mi	King George Court, Old Moulsham	2	Flat
£1,200	04/24	0.26 mi	Evelyn Place, CM1	2	Flat
£1,300	04/24	0.26 mi	Crompton Street, Chelmsford, CM1	2	Flat
£1,350	04/24	0.26 mi	Crompton Street, Chelmsford	2	Flat
£1,400	12/24	0.26 mi	-	2	Flat

Local Area Statistics

Population in CM2	58,24458,244
Population in Chelmsford	174,693174,693
Town centre distance	0.64 miles away0.64 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.60 miles away0.60 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 £200,000

July 9, 2024

Sold for £139,000

2007

Sold for £115,000

2003

Sold for £51,500

1999

Floor Plans

Description

GROUND FLOOR FLAT +
CLOSE TO CITY CENTRE +
TWO BEDROOMS +
KITCHEN +
BATHROOM +
GAS CENTRAL HEATING +
DOUBLE GLAZED WINDOWS +

Located within close proximity of Chelmsford City Centre and railway station is this good size GROUND floor TWO bedroom apartment. The property benefits from having a lease in excess of 900 years along with gas radiator heating, and parking bays are located at the front of the block.

Entrance door giving access to communal hallways, personal door leading through to

ENTRANCE HALL
Storage cupboard, doors to

LOUNGE 5.13m (16'10") x 4.01m (13'2")
Double glazed window to rear, radiator, open to

KITCHEN 2.79m (9'2") x 2.62m (8'7")
Fitted with wall and base level units, roll edge worktops, inset one and a quarter bowl sink unit with mixer taps, space for fridge/freezer, washing machine and slimline dishwasher, built in four ring electric hob and oven, tiled splash back, wall mounted gas boiler, double glazed window to front.

INNER HALL
Storage cupboard, doors to

BEDROOM ONE 4.04m (13'3") x 3.12m (10'3")
Double glazed window to rear, built in wardrobe cupboard, radiator.

BEDROOM TWO 3.78m (12'5") x 2.24m (7'4")
Double glazed window to front, built in wardrobe cupboard, radiator.

BATHROOM
White suite comprising panel enclosed bath with shower over, wash hand basin and low level W.C, double glazed obscure window to front, tiling to walls and floor.

OUTSIDE
Communal grounds to front and rear, parking available.

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?

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

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ValuationUndervalued

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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