2 Bed Flat, Single Let, Chelmsford, CM2 0BN, £240,000

Upper Chase, Chelmsford, CM2 0BN - 2 views - 9 months ago

Leasehold

BTL

ROI: 2%

~61 m²

+5 photos

ValuationFair Value

Sold Prices	£112.5K - £325K
Sold Prices/m²	£2K/m² - £5.5K/m²

Square Metres	~61 m²
Price/m²	£3.9K/m²
Value Estimate	£238,455£238,455

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£60,000£60,000
Stamp Duty & Legal Fees	£15,500£15,500
Total Cash In	£75,500£75,500

Cash Out
Rent Range	£1,075 - £1,600£1,075 - £1,600
Rent Estimate	£1,091
Running Costs/mo	£988£988
Cashflow/mo	£103£103
Cashflow/yr	£1,234£1,234
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £112.5K to £325K, average is £224K. £2K/m² to £5.5K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£200K	03/21	0.14 mi	54, Redmayne Drive, Chelmsford, Essex CM2 9AG	£3,846	52	2	Flat
£197.5K	01/21	0.16 mi	29, Rookes Crescent, Chelmsford, Essex CM1 3GL	£3,675	54	2	Flat
£197K	04/23	0.16 mi	23, Rookes Crescent, Chelmsford, Essex CM1 3GL	£3,455	57	2	Flat
£195K	01/23	0.18 mi	72, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,482	56	2	Flat
£195K	03/21	0.18 mi	74, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,679	53	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
£260K	01/21	0.2 mi	39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ	£4,127	63	2	Flat
£225K	10/21	0.2 mi	20, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,814	59	2	Flat
£215K	04/21	0.2 mi	58, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,909	55	2	Flat
£190K	06/21	0.2 mi	64, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,585	53	2	Flat
£207.5K	05/23	0.21 mi	66, Haig Court, Chelmsford, Essex CM2 0BJ	£3,705	56	2	Flat
£186K	08/21	0.21 mi	29, Evelyn Place, Chelmsford, Essex CM1 3GZ	£3,152	59	2	Flat
£215K	04/21	0.21 mi	39, Haig Court, Chelmsford, Essex CM2 0BH	£3,413	63	2	Flat
£195K	03/23	0.21 mi	8, Haig Court, Chelmsford, Essex CM2 0BH	£3,545	55	2	Flat
£183K	06/21	0.22 mi	13, Brooklands Walk, Chelmsford, Essex CM2 9BH	-	-	2	Flat
£205K	01/23	0.22 mi	39, Evelyn Place, Chelmsford, Essex CM1 3GZ	£3,631	56	2	Flat
£202K	03/23	0.22 mi	35, Evelyn Place, Chelmsford, Essex CM1 3GZ	£4,122	49	2	Flat
£183K	06/21	0.22 mi	13, Brooklands Walk, Chelmsford, Essex CM2 9BH	-	-	2	Flat
£204K	12/20	0.22 mi	52, Brooklands Walk, Chelmsford, Essex CM2 9BH	£4,340	47	2	Flat
£200K	05/23	0.24 mi	65, Redmayne Drive, Chelmsford, Essex CM2 9XG	£3,774	53	2	Flat
£112.5K	01/23	0.24 mi	214, Redmayne Drive, Chelmsford, Essex CM2 9XE	£1,974	57	2	Flat
£227.5K	12/22	0.24 mi	162, Redmayne Drive, Chelmsford, Essex CM2 9XE	£4,375	52	2	Flat
£307.5K	07/23	0.24 mi	30, Bradford Street, Chelmsford, Essex CM2 0FJ	£4,212	73	2	Flat
£254K	03/23	0.24 mi	Flat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW	-	-	2	Flat
£250K	04/23	0.24 mi	Flat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW	-	-	2	Flat
£184K	12/20	0.26 mi	108, Crompton Street, Chelmsford, Essex CM1 3GP	£3,286	56	2	Flat
£250K	07/23	0.3 mi	92a, Moulsham Street, Chelmsford, Essex CM2 0JF	£5,532	45	2	Flat
£240K	10/21	0.33 mi	Flat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE	-	-	2	Flat
£223K	11/21	0.37 mi	38, Stapleford Close, Chelmsford, Essex CM2 0RB	£4,288	52	2	Flat
£215K	01/23	0.37 mi	47, Stapleford Close, Chelmsford, Essex CM2 0RB	£4,135	52	2	Flat
£325K	01/23	0.39 mi	Flat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£232K	05/21	0.41 mi	82, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,640	50	2	Flat
£250K	06/21	0.41 mi	98, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,717	53	2	Flat
£232K	05/21	0.41 mi	82, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,640	50	2	Flat
£265K	01/21	0.42 mi	11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW	£4,569	58	2	Flat
£300K	09/21	0.42 mi	5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW	£4,110	73	2	Flat
£310K	05/23	0.46 mi	Flat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£320K	07/23	0.46 mi	Flat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£313K	06/21	0.46 mi	Flat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£140K	07/21	0.49 mi	62, Godfreys Mews, Chelmsford, Essex CM2 0XE	£3,067	46	2	Flat
£175K	02/21	0.49 mi	18, Delamere Road, Chelmsford, Essex CM1 2TG	£3,646	48	2	Flat
£275K	03/21	0.49 mi	34, Hayes Close, Chelmsford, Essex CM2 0RN	£3,986	69	2	Flat
£280K	09/21	0.58 mi	3, County Place, Chelmsford, Essex CM2 0RF	£4,590	61	2	Flat
£282.5K	11/21	0.66 mi	4, Alma Drive, Chelmsford, Essex CM1 1TW	£3,924	72	2	Flat
£225K	04/21	0.71 mi	24, Burghley Way, Chelmsford, Essex CM2 9LQ	£4,416	51	2	Flat
£230K	12/20	0.71 mi	44, Burghley Way, Chelmsford, Essex CM2 9LQ	£4,510	51	2	Flat
£218K	03/21	0.73 mi	24, Rainsford Lane, Chelmsford, Essex CM1 2QR	£3,701	59	2	Flat
£245K	02/21	0.74 mi	11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH	£3,356	73	2	Flat
£245K	02/21	0.74 mi	11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH	£3,356	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
£1,250	02/24	0.02 mi	-	2	Flat
£1,600	04/24	0.1 mi	Upper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA	2	Terraced House
£1,450	04/24	0.1 mi	Upper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA	2	Terraced House
£1,350	05/24	0.16 mi	Cutmore Place, Chelmsford, CM2	2	Semi-Detached House
£1,400	04/24	0.16 mi	Cutmore Place, Chelmsford, CM2	2	Semi-Detached House
£1,350	05/24	0.16 mi	Cutmore Place, CHELMSFORD	2	House
£1,300	03/25	0.18 mi	-	2	Flat
£1,100	05/24	0.18 mi	Mead Path, Chelmsford	2	Flat
£1,250	03/24	0.19 mi	Moulsham Street, Chelmsford	2	Flat
£1,250	04/24	0.19 mi	Moulsham Street, Chelmsford	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
£1,250	04/24	0.2 mi	Rookes Crescent, Chelmsford, Essex, CM1	2	Flat
£1,400	12/24	0.2 mi	-	2	Flat
£1,200	04/24	0.21 mi	Haig Court, CHELMSFORD	2	Flat
£1,150	04/24	0.21 mi	Haig Court, Chelmsford, CM2	2	Flat
£1,300	03/25	0.21 mi	-	2	Flat
£1,250	01/25	0.21 mi	-	2	Flat
£1,200	04/24	0.22 mi	Evelyn Place, CM1	2	Flat
£1,350	03/24	0.22 mi	Upperbridge Road, Old Moulsham, Chelmsford, CM2	2	Terraced House
£1,400	03/24	0.22 mi	Upperbridge Road, Old Moulsham, Chelmsford, CM2	2	Terraced House
£1,200	03/24	0.22 mi	Parkinson Drive, Chelmsford	2	Flat
£1,175	03/24	0.24 mi	Parkinson Drive, CHELMSFORD	2	Flat
£1,300	04/24	0.24 mi	Parkinson Drive, Chelmsford	2	Flat
£1,200	05/24	0.24 mi	Parkinson Drive, CHELMSFORD	2	Flat
£1,200	03/24	0.24 mi	Parkinson Drive, CM1	2	Flat
£1,200	03/24	0.24 mi	Parkinson Drive, Chelmsford, CM1 3GW	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
£1,100	04/24	0.26 mi	Joseph Court Chelmsford, Essex, CM1 3WQ, UK	2	Flat
£1,350	01/25	0.27 mi	-	2	Flat
£1,075	04/25	0.27 mi	-	2	Flat
£1,300	05/24	0.27 mi	Bradford Street, Chelmsford	2	Flat
£1,500	04/24	0.28 mi	Crompton Street, Chelmsford, CM1	2	Terraced House
£1,400	04/24	0.28 mi	Crompton Street, Chelmsford	2	Terraced House
£1,400	04/24	0.29 mi	Upper Bridge Road, Chelmsford	2	Terraced House
£1,400	04/24	0.29 mi	Upper Bridge Road, Chelmsford	2	Terraced House
£1,375	03/24	0.3 mi	Redcliffe Road, Old Moulsham, Chelmsford, CM2	2	Terraced House
£1,195	04/24	0.3 mi	Lower Anchor Street, Old Moulsham	2	Flat
£1,350	03/24	0.3 mi	Lower Anchor Street, Chelmsford, CM2	2	Terraced House
£1,350	03/24	0.3 mi	Lower Anchor Street, Chelmsford, CM2	2	Terraced House
£1,350	12/24	0.31 mi	-	2	Terraced House
£1,500	04/24	0.31 mi	Hillside Mews, Chelmsford, Essex, CM2	2	Semi-Detached House
£1,300	03/24	0.33 mi	Upper Bridge Road, Chelmsford, CM2	2	Flat
£1,300	03/24	0.33 mi	-	2	Flat
£1,250	04/24	0.34 mi	King George Court, Old Moulsham	2	Flat
£1,300	04/24	0.34 mi	Upper Bridge Road, Chelmsford	2	Flat
£1,600	04/24	0.35 mi	Nursery Road, Chelmsford	2	Terraced House
£1,300	04/24	0.37 mi	Anchor Street, Chelmsford, CM2	2	Terraced House
£1,395	04/24	0.38 mi	Anchor Street, CHELMSFORD	2	House

Local Area Statistics

Population in CM2	58,24458,244
Population in Chelmsford	174,693174,693
Town centre distance	0.85 miles away0.85 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.82 miles away0.82 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 £240,000

July 26, 2024

Floor Plans

Description

Top Floor Apartment +
Excellent Location +
No Onward Chain +
Two Bedrooms +
Two Bathroom/Showers Rooms +
Open Plan Living/Kitchen +
Integrated Appliances +
Balcony With Views +
Residents Parking +
Gas Central Heating +

GUIDE PRICE £240,000 - £250,000 Bond Residential are delighted to offer for sale this top floor apartment being sold with no onward chain situated within walking distance of the City centre & mainline railway station. The property offers an entrance hall with security entry phone system and built in double storage cupboard, open plan living/dining/kitchen with integrated appliances and access to the balcony which offers fantastic far reaching views. There are two double bedrooms, main bedroom with en-suite shower plus a family bathroom with modern white suite. Outside the owner informs us that the property benefits from one covered parking space. LOCATION Upper Chase is located within easy access of the A414 and A12 as well as being within walking distance or a short bus ride of the city centre and Chelmsford's mainline station with a journey time as fast as 32 minutes to London Liverpool St. Chelmsford city centre offers a thriving nightlife with a selection of bars and a wide selection of places to eat from independent family restaurants to well known chain restaurants serving cuisines from around the world, Chelmsford features a comprehensive range of shopping facilities with its pedestrianised High Street, two shopping precincts and hugely popular Bond Street with John Lewis store. Chelmsford is extremely popular with leisure enthusiasts with a selection of sports clubs and gyms including the newly refurbished Riverside Ice & Leisure. Chelmsford is renowned for its educational excellence and alongside the local schools, it offers two of the country’s top performing grammar schools, Writtle agricultural college, Anglian Ruskin University and a selection of private schools. 125 Year lease from 3/10/2007 - £1670.00 Annual Service Charge - £270 Annual Ground Rent

Agent Details

Bond Residential, Chelmsford

01245 945696

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

4 Bed House, Single Let, Chelmsford, CM2 9BN

£775,000

1 views • 2 months ago • 129 m²

Under Offer

5 Bed House, Single Let, Chelmsford, CM2 9AG

£1,200,000

5 views • 5 months ago • 178 m²

3 Bed House, Single Let, Chelmsford, CM2 9AF

£425,000

2 views • a month ago • 93 m²

2 Bed House, Single Let, Chelmsford, CM2 0BA