2 Bed Flat, Single Let, Chelmsford, CM2 8RU, £190,000

Barnard Road, Chelmsford, Essex, CM2 8RU - 9 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£107.5K - £420K
Sold Prices/m²£1.9K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£229,900
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£750 - £2,500

Rent Estimate

£953

Running Costs/mo

£804

Cashflow/mo

£149

Cashflow/yr

£1,784

ROI

3%

Gross Yield

6%

Local Sold Prices

41 sold prices from £107.5K to £420K, average is £218K. £1.9K/m² to £6K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£210K01/230.04 mi88a, Barnard Road, Chelmsford, Essex CM2 8SR2
£160K12/200.32 mi59, Archers Way, Chelmsford, Essex CM2 8SB2
£189K10/201.35 mi34, Dove Lane, Chelmsford, Essex CM2 8AX2
£218K02/231.46 mi84, Readers Court, Chelmsford, Essex CM2 8HA2
£250K03/211.54 mi32, Lambourne Chase, Chelmsford, Essex CM2 9FF2
£290K03/231.63 mi18, Pearl Square, Chelmsford, Essex CM2 9FP2
£247.5K05/231.66 mi14, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£190K06/211.66 mi23, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£224K03/211.66 mi30, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£240K07/231.66 mi19, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£237.5K02/211.67 mi37, Park View Crescent, Great Baddow, Chelmsford, Essex CM2 8HX2
£190K10/211.67 mi32, Park View Crescent, Great Baddow, Chelmsford, Essex CM2 8HX2
£215K04/231.73 mi66, Maltings Road, Chelmsford, Essex CM2 8HG2
£265K01/211.76 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/211.76 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£225K04/211.88 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/201.88 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£235K01/231.88 mi10, Waterson Vale, Chelmsford, Essex CM2 9PB2
£212.5K06/211.89 mi44, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£206K09/211.89 mi42, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£215K08/231.89 mi40, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£250K04/211.89 mi106, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£200K12/201.9 mi23, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£210K11/201.9 mi9, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£183K06/211.91 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/201.91 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£237.5K09/211.91 mi17, Searle Close, Chelmsford, Essex CM2 9GB2
£120K05/231.91 mi1, Searle Close, Chelmsford, Essex CM2 9GB2
£183K06/211.92 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£107.5K12/201.92 mi6, Searle Close, Chelmsford, Essex CM2 9GB2
£203K02/211.94 mi26, Gerard Gardens, Chelmsford, Essex CM2 9GD2
£247K12/201.95 miFlat 14, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£260K03/211.95 miFlat 34, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£238K07/231.95 miFlat 23, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£200K05/231.96 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£247.5K01/231.97 mi5, Goodwin Close, Chelmsford, Essex CM2 9GX2
£237K06/211.97 mi21, Goodwin Close, Chelmsford, Essex CM2 9GX2
£112.5K01/231.98 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£227.5K12/221.99 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£215K07/231.99 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£420K03/211.99 mi16, The Vineyards, Great Baddow, Chelmsford, Essex CM2 7QS2

Local Rents

50 rents from £750/mo to £2.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£97505/240 miBarnard Road, Chelmsford2
£1,95002/240.16 mi-3
£1,70004/240.21 miLower Green, Galleywood, Chelmsford, CM23
£1,50004/240.39 miBarnard Road, Chelmsford3
£95004/240.39 miBarnard Road, Chelmsford1
£1,69505/240.47 miStock Road, Galleywood, Chelmsford3
£1,55004/240.51 miKeene Way, CM23
£1,40004/240.52 miCannon Leys3
£1,70003/240.56 miCannon Leys, Chelmsford4
£1,70001/250.57 mi-3
£2,00004/240.64 miVale End, Galleywood, Chelmsford4
£1,80004/250.97 mi-3
£1,80005/241.02 mi-3
£1,80004/241.16 miPrivate Road, Chelmsford, Essex, CM22
£1,50003/241.2 miLinnet Drive, Tile Kiln, Chelmsford, CM2 8AL3
£1,52503/241.2 miLinnet Drive, Chelmsford3
£1,55002/241.2 mi-3
£1,57505/241.2 mi-3
£1,55002/241.23 mi-3
£1,50010/231.31 miPlane Tree Close, Chelmsford, Essex, CM23
£1,50002/251.37 mi-4
£1,52502/241.4 mi-3
£1,69510/231.44 miNoakes Avenue, Chelmsford, Essex, CM23
£1,80003/251.47 mi-3
£1,65004/241.5 miCypress Drive, Chelmsford, Essex, CM23
£1,79505/241.51 miNoakes Avenue, CHELMSFORD3
£75003/241.59 miSpringbok House, Chelmsford1
£1,40003/241.59 miHeycroft Way, Great Baddow, Chelmsford, CM22
£1,40004/241.59 miHeycroft Way, Great Baddow, Chelmsford, CM22
£1,80002/251.6 mi-3
£1,80011/241.63 mi-3
£1,79504/241.63 miWhitethorn Gardens, Chelmsford, Essex, CM23
£1,29503/241.66 miAsh Grove, Chelmsford, Essex, CM22
£1,80003/251.67 mi-2
£1,49505/241.68 miMary Munnion Quarter, Chelmsford, CM22
£1,55004/241.68 miMary Munnion Quarter, Chelmsford, Essex, CM22
£1,25004/251.69 mi-2
£2,50004/241.69 miEastwood Park Great Baddow Chelmsford Essex4
£2,20004/241.69 miEastwood Park Great Baddow Chelmsford Essex4
£1,69504/241.7 miRose Glen, Chelmsford, Essex, CM23
£1,65004/251.71 mi-3
£2,09503/241.71 miPertwee Drive, CM24
£1,55004/241.74 miDorset Avenue, CHELMSFORD3
£2,10001/251.74 mi-3
£2,00004/241.75 miGrace Bartlett Gardens, Chelmsford, CM23
£2,00004/241.75 miGrace Bartlett Gardens, Chelmsford, CM23
£2,00004/241.75 mi-3
£2,20003/251.75 mi-3
£1,45004/241.76 miGrace Bartlett Gardens, CM22
£2,00003/241.76 miGreenland Gardens, Galleywood Road, CM24

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

2.93 miles away

Nearest school

0.30 miles away

Nearest train station

2.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £190,000

August 5, 2024

Sold for £105,000

2003

Description

A well proportioned and beautifully presented two bedroom top floor apartment offering the added advantage of having gas fired central heating, double glazed windows and new carpets to some rooms. The accommodation includes a spacious reception hall complete with fitted storage chest and three built in storage cupboards, a good size living room, fitted kitchen to include some appliances, a bathroom with white suite including bath with fitted shower above and two bedrooms the master of which has a range of fitted wardrobes and furniture. Outside there are communal gardens which include a lockable storage shed located within the communal entrance hall. The property is located within close proximity to a local convenience store, however, regular bus services along Barnard Rd provide public transport to Chelmsford City Centre for its comprehensive range of amenities including main line rail station for services to London Liverpool Street. The property is being sold with the advantage of having no onward chain and therefore, a speed transaction and early occupation may be possible. A viewing of this property is highly recommended.

ACCOMMODATION WITH ROOM SIZES COMPRISES -

COMMUNAL ENTRANCE DOOR With security entry phone system.

Leads to -

COMMUNAL HALLWAY With stairs rising to first floor

PRIVATE ENTRANCE DOOR

Leads to -

PRIVATE RECEPTION HALL 10'5 X 5'7 (3.18M X 1.70M) Spacious area with three built in storage cupboards and a fitted storage chest, access to loft, radiator and recess ceiling spotlights

LIVING ROOM 16'8 X 10'9 (5.10M X 3.28M) A light and airy room, radiator, recess ceiling spotlights and double glazed window

FITTED KITCHEN 9'9 X 9'6 (2.97 X 2.89M) To include single drainer sink unit with mixer taps and range of drawers and cupboards beneath including space for automatic washing machine. Further range of work surfaces to either side with drawers and cupboards beneath and integrated fridge, four ring gas hob and electric oven all with concealed extractor hood above. Range of matching eye level cupboards to two walls incorporating glass display unit, recess ceiling spotlight, built in cupboard housing gas fired boiler and double glazed window

BEDROOM ONE 9'11 X 13'5 (3.02M X 4.08M) Range of fitted three door wardrobes with matching five drawer chest, bedside nightstand, recess ceiling spotlights, radiator and double glazed window

BEDROOM TWO 10'6 X 7'6 (3.20M X 2.29M) Recess ceiling spotlights, radiator and double glazed window

BATHROOM White suite to include panelled bath with fitted shower above all with tiled surround and fold away shower screen, low level flushing WC, pedestal wash hand basin, wall mounted mirror fronted vanity unit, tiled walls, heated towel rail and double glazed window

EXTERIOR The property stands in communal ground which are predominantly laid to lawn and we understand that a lockable storage cupboard located on the ground floor belongs to the property

COUNCIL TAX BAND B

LEASE 90 years remaining

GROUND RENT £ 10PA

MAINTENANCE £76pm

Agent Details

Independent Property Services, Chelmsford

01245 945871

Next Steps?

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