2 Bed Flat, Single Let, Dunmow, CM6 1ZE, £175,000

Weavers Close, Dunmow, Essex, CM6 1ZE - 8 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£97.5K - £255K
Sold Prices/m²	£1.7K/m² - £4.7K/m²

Square Metres	~68.11 m²
Price/m²	£2.6K/m²
Value Estimate	£218,750£218,750
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£43,750£43,750
Stamp Duty & Legal Fees	£9,950£9,950
Total Cash In	£53,700£53,700

Cash Out
Rent Range	£915 - £1,400£915 - £1,400
Rent Estimate	£990
Running Costs/mo	£765£765
Cashflow/mo	£225£225
Cashflow/yr	£2,702£2,702
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

31 sold prices from £97.5K to £255K, average is £205K. £1.7K/m² to £4.7K/m², average is £3.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£185K	04/23	0.01 mi	7, Weavers Close, Dunmow, Essex CM6 1FR	-	-	2	Flat
£225K	08/22	0.05 mi	17, White Hart Way, Dunmow, Essex CM6 1FS	-	-	2	Flat
£230K	03/21	0.13 mi	9, Harmans Yard, Dunmow, Essex CM6 1AS	£2,556	90	2	Flat
£215K	08/22	0.14 mi	Flat 6, Melville House, Braintree Road, Dunmow, Essex CM6 1HS	-	-	2	Flat
£241K	10/22	0.2 mi	Flat 30, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL	-	-	2	Flat
£210K	02/21	0.2 mi	Flat 33, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL	-	-	2	Flat
£212.5K	12/22	0.2 mi	Flat 8, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL	£4,009	53	2	Flat
£173K	10/20	0.22 mi	Flat 47, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB	-	-	2	Flat
£180K	10/20	0.22 mi	Flat 32, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB	-	-	2	Flat
£190K	11/21	0.22 mi	Flat 37, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB	£3,455	55	2	Flat
£180K	12/22	0.23 mi	Flat 15, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BN	-	-	2	Flat
£169.5K	08/21	0.24 mi	Flat 45, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BW	£3,452	49	2	Flat
£180K	03/23	0.24 mi	Flat 42, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BW	-	-	2	Flat
£210K	03/21	0.31 mi	11, Harris Green, Dunmow, Essex CM6 1FP	£3,870	54	2	Flat
£199K	08/22	0.31 mi	19, Harris Green, Dunmow, Essex CM6 1FP	£3,781	53	2	Flat
£255K	01/23	0.31 mi	12, Harris Green, Dunmow, Essex CM6 1FP	£3,358	76	2	Flat
£230K	05/21	0.4 mi	6, The Downs, Dunmow, Essex CM6 1DS	£2,949	78	2	Flat
£215K	09/21	0.43 mi	3, Buckingham Court, Dunmow, Essex CM6 1XE	£3,258	66	2	Flat
£205K	08/21	0.43 mi	17, Buckingham Court, Dunmow, Essex CM6 1XE	£2,010	102	2	Flat
£223.5K	06/21	0.43 mi	24, Buckingham Court, Dunmow, Essex CM6 1XE	-	-	2	Flat
£175K	01/21	0.43 mi	39a, The Close, Dunmow, Essex CM6 1EW	-	-	2	Flat
£140K	11/20	0.44 mi	118, Godfrey Way, Dunmow, Essex CM6 2SQ	£3,283	43	2	Flat
£140K	11/20	0.44 mi	118, Godfrey Way, Dunmow, Essex CM6 2SQ	£3,283	43	2	Flat
£143K	11/20	0.44 mi	118, Godfrey Way, Dunmow, Essex CM6 2SQ	£3,354	43	2	Flat
£210K	12/20	0.44 mi	130, Godfrey Way, Dunmow, Essex CM6 2SQ	£4,375	48	2	Flat
£188K	06/21	0.44 mi	128, Godfrey Way, Dunmow, Essex CM6 2SQ	-	-	2	Flat
£222.5K	07/23	0.44 mi	130, Godfrey Way, Dunmow, Essex CM6 2SQ	£4,635	48	2	Flat
£217K	10/22	0.44 mi	134, Godfrey Way, Dunmow, Essex CM6 2SQ	£4,671	46	2	Flat
£240K	03/23	0.44 mi	57, The Causeway, Dunmow, Essex CM6 2AA	£3,750	64	2	Flat
£200K	10/20	0.51 mi	18b, Waldgrooms, Dunmow, Essex CM6 1EA	£3,226	62	2	Flat
£97.5K	03/21	0.53 mi	16, Conifer Way, Dunmow, Essex CM6 1XB	£1,711	57	2	Flat

Local Rents

10 rents from £915/mo to £1.4K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	12/24	0.09 mi	Maple Way, Dunmow, Essex, CM6	2	Flat
£1,175	03/25	0.1 mi	-	2	Flat
£1,000	12/23	0.14 mi	-	2	Flat
£1,000	12/24	0.2 mi	Fitzwalter Place, Chelmsford Road, Dunmow, Essex, CM6	2	Flat
£915	10/23	0.23 mi	-	2	Flat
£1,400	12/24	0.28 mi	Springfields, Dunmow	2	Detached House
£1,200	12/24	0.34 mi	Nursery Rise, Dunmow	2	Terraced House
£990	02/25	0.42 mi	-	2	Flat
£990	03/25	0.42 mi	-	2	Flat
£1,250	12/24	0.5 mi	Willow Road, Woodlands Park	2	Flat

Local Area Statistics

Population in CM6	24,91624,916
Population in Dunmow	24,92524,925
Town centre distance	0.41 miles away0.41 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	4.64 miles away4.64 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+47%+47%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+15%+15%

Property History

Price changed to £175,000

December 6, 2024

Listed for £180,000

August 5, 2024

Floor Plans

Description

Ground Floor Apartment +
Two Bedrooms +
Kitchen +
Living Room +
Shower Room +
Allocated Parking +
Town Centre Location +
Desirable Apartment Block +
Popular Market Town +

Daniel Brewer are pleased to market this two bedroom ground floor apartment located in the heart of Great Dunmow town centre. In brief the accommodation comprises:- entrance hall, kitchen, living room, two bedrooms and a bathroom. Externally there is allocated parking for one vehicle.

Entrance Hall - Entered via front door, doors leading to:-

Kitchen - 2.46m x 2.18m (8'1 x 7'2) - Window to front aspect, fitted with a range of eye and base level units with working surface over, integrated fridge/freezer, integrated oven, inset four ring gas hob with extractor fan over, inset one and half bowl sinbk and drainer unit with mixer tap over, ceiling mounted light fitting, wooden flooring, opening leading to:-

Living Room - 3.48m x 3.28m (11'5 x 10'9) - French Doors to front aspect, ceiling mounted light fitting, radiator, wooden flooring.

Bedroom One - 3.56m x 2.79m (11'8 x 9'2) - Window to front aspect, ceiling mounted light fitting, various power points, radiator.

Bedroom Two - 3.15m x 1.78m (10'4 x 5'10) - Window to rear aspect, ceiling mounted light fitting, various power points, radiator.

Shower Room - Opaque window to front aspect, fully tiled shower cubicle with glass enclosure, wash hand basin with pedestal, low level W.C, radiator.

Allocated Parking - Suitable for one vehicle.

Agent Details

Daniel Brewer Estate Agents, Essex

01371 708267

Next Steps?

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

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