2 Bed Flat, Single Let, Chelmsford, CM2 6JU, £200,000

Oasis Court, Chelmsford, Essex, CM2 6JU - 9 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£240,000
BMV20%

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

£1,050 - £1,600

Rent Estimate

£1,050

Running Costs/mo

£855

Cashflow/mo

£195

Cashflow/yr

£2,340

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £130K to £259K, average is £202.8K. £2.4K/m² to £4.7K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£245K10/200 mi11, Oasis Court, Chelmsford, Essex CM2 6JU2
£200K02/210.08 mi394, Springfield Road, Chelmsford, Essex CM2 6AT2
£245K03/230.23 mi290, Springfield Road, Chelmsford, Essex CM2 6BA2
£240K07/210.24 mi367, Springfield Road, Chelmsford, Essex CM2 6AW2
£210K12/220.24 mi49, Canvey Walk, Chelmsford, Essex CM1 6LB2
£205.7K05/230.24 mi9, Canvey Walk, Chelmsford, Essex CM1 6LB2
£189.5K11/210.24 mi33, Canvey Walk, Chelmsford, Essex CM1 6LB2
£203K08/230.25 mi29, Azalea Court, Chelmsford, Essex CM1 6YL2
£150K06/210.28 mi139, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£186K02/230.28 mi65, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£181K07/230.33 mi84, Foxglove Way, Chelmsford, Essex CM1 6QR2
£175K03/210.33 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£180K03/230.33 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£185K07/230.34 mi34, Lupin Drive, Chelmsford, Essex CM1 6FH2
£167K04/210.38 mi48, Petunia Crescent, Chelmsford, Essex CM1 6YP2
£177K06/210.45 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£255K07/230.57 mi23, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£255K03/230.57 mi53, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£210K10/210.59 mi28, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£202.5K03/230.59 mi56, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£240K02/230.6 mi23, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£196.5K03/230.63 mi136, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£198K03/210.63 mi34, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£211K02/210.63 mi42, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£215K01/210.63 mi66, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£219K02/230.63 mi46, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£161.3K03/210.64 mi25, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£157.5K09/210.64 mi29, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£153K05/210.67 mi15, Clematis Tye, Chelmsford, Essex CM1 6GL2
£173K04/210.67 mi11, Clematis Tye, Chelmsford, Essex CM1 6GL2
£170K02/210.67 mi24, Clematis Tye, Chelmsford, Essex CM1 6GL2
£248K11/210.67 mi81, Burnell Gate, Chelmsford, Essex CM1 6ED2
£259K02/210.67 mi47, Burnell Gate, Chelmsford, Essex CM1 6ED2
£250K02/230.67 mi85, Burnell Gate, Chelmsford, Essex CM1 6ED2
£225K05/210.68 mi145, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£220K04/210.68 mi147a, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£245K01/210.68 mi78, Chelmer Road, Chelmsford, Essex CM2 6AB2
£217K05/210.71 mi169, Pollards Green, Chelmsford, Essex CM2 6UX2
£165K02/210.73 mi42, Bryant Link, Springfield, Chelmsford, Essex CM2 6GZ2
£185K06/210.74 mi133, Crocus Way, Chelmsford, Essex CM1 6XH2
£130K10/200.74 mi135, Crocus Way, Chelmsford, Essex CM1 6XH2
£190K05/210.75 mi42, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£188K01/210.75 mi30, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£205K04/210.75 mi181, Waveney Drive, Chelmsford, Essex CM1 7QD2
£215K06/230.79 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£212.5K04/210.79 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£195K03/230.79 mi63, Tamar Rise, Chelmsford, Essex CM1 7QL2
£202K11/200.81 mi19, Tamar Rise, Chelmsford, Essex CM1 7QL2
£235K10/200.81 mi15, Forefield Green, Chelmsford, Essex CM1 6YU2
£225K12/220.87 mi45, Waveney Drive, Chelmsford, Essex CM1 7PZ2

Local Rents

25 rents from £1.1K/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.01 miOasis Court, Chelmsford, CM22
£1,15003/240.1 miSpringfield Road, CM22
£1,60004/240.14 miFalmouth Road, Chelmsford, CM12
£1,35003/250.2 mi-2
£1,20003/240.22 miSpringfield Road, CM22
£1,10003/240.28 miCornflower Drive , Springfield2
£1,05003/240.3 miLupin Drive, Chelmsford2
£1,30005/240.31 miSpringfield Road, Chelmsford2
£1,10005/240.33 miFoxglove Way, CM12
£1,10003/240.33 miLupin Drive, Springfield, Chelmsford, CM12
£1,10005/240.35 mi-2
£1,10005/240.35 miLupin Drive, Chelmsford, Cm1, CM12
£1,20005/240.35 mi-2
£1,20005/240.35 miFoxglove Way, Chelmsford, CM12
£1,20005/240.35 miFoxglove Way, Chelmsford, CM12
£1,40003/240.37 miInkerpole Place, Chelmsford2
£1,40003/240.42 mi-2
£1,45003/240.42 miBankart Lane, Chelmsford, CM22
£1,55005/240.42 mi-2
£1,55004/240.42 miBurgess Field, Chelmsford, CM22
£1,25001/250.49 mi-2
£1,05011/230.51 miRembrandt Grove2
£1,15005/240.59 miEarlsfield Drive, Chelmer Village, Chelmsford, CM22
£1,30002/240.59 mi-2
£1,10003/240.62 miForsythia Close, Springfield2

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.61 miles away

Nearest school

0.40 miles away

Nearest train station

1.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £200,000

March 16, 2025

Price changed to £220,000

February 28, 2025

Price changed to £225,000

December 4, 2024

Listed for £230,000

July 16, 2024

Description

  • LEASE 125 YEARS FROM 31/12/1998 +
  • Two Bedroom +
  • Top Floor +
  • No Chain +

Offered for sale with the advantage of having no onward chain is this well maintained two bedroom top floor flat with views overlooking an open expanse of enclosed communal garden. The accommodation includes a reception hall, good sized living room, fitted kitchen to include oven and hob. There are also two bedrooms and a bathroom with fitted shower. The property is served by economy electric heating and outside there are well maintained communal gardens which include a covered area suitable for storing bikes, there is also allocated and designated visitor parking adjacent to the property. Oasis Court is a comparatively small scale complex which suit first time buyers, buy to let investors and those of all ages looking to downsize. It is located within 100 metres of the Aldi supermarket and within a short driving distance of the Boreham interchange for access onto the north and south bound carriageways of the A12. Chelmsford City Centre is within easy reach by car and bicycle for all its amenities including main line rail station and bus stops nearby also offer a public transport alternative.

SECURITY ENTRY PHONE SYSTEM
LOUNGE/DINING ROOM 11'8 X 16'63.56M X 5.03M)
WELL EQUIPPED KITCHEN 9'7 X 6'11 (2.92M X 2.11M) TO INCLUDE OVEN AND HOB
BEDROOM ONE 12'10 X 10'5 (3.91M X 3.18M)
BEDROOM TWO 8'9 X 6'11 (2.67M X 2.11M)
LEASE 125 YEARS FROM 31/12/1998
GROUND RENT £150
BATHROOM WITH FITTED SHOWER
ECONOMY ELECTRIC HEATING
VIEWS DIRECTLY ONTO WELL MAINTAINED COMMUNAL GARDENS
PRIVATE OFF ROAD PARKING
LESS THAN 100 METRES TO THE ALDI SUPERMARKET
SERVICE CHARGE £110 PER MONTH AS OF 2023/24
COUNCIL TAX BAND C

Agent Details

Independent Property Services, Chelmsford

01245 945871

Next Steps?

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