2 Bed Flat, Planning Permission, Chelmsford, CM2 0NF, £210,000

Parkway, Chelmsford, CM2 0NF - 8 months ago

Under Offer
Leasehold
Planning
ROI: 4%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£80.8K - £385K
Sold Prices/m²£3.1K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£262,500
BMV25%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Total Cash In

£60,000

 

 

Cash Out

 

Rent Range

£950 - £3,125

Rent Estimate

£1,100

Running Costs/mo

£896

Cashflow/mo

£204

Cashflow/yr

£2,445

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £232.3K. £3.1K/m² to £5.5K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£280K09/210.11 mi3, County Place, Chelmsford, Essex CM2 0RF2
£140K07/210.17 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£275K03/210.17 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£232K05/210.23 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.24 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.24 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£215K01/230.27 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£245K02/210.28 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.28 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£223K11/210.28 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£385K06/230.31 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£240K10/210.31 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£250K07/230.34 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£313K06/210.34 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£270K11/200.34 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£320K06/230.34 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£310K05/230.35 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.35 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£254K11/210.35 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£195K08/210.37 miFlat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£190K03/210.37 miFlat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£232.5K07/230.37 miFlat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£260K02/230.37 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£242.5K11/210.37 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£325K01/230.37 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£85K06/210.41 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£307.5K07/230.42 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£207.5K05/230.43 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£160K12/200.43 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£215K04/210.45 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.45 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£80.8K03/210.45 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£260K01/210.49 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£215K03/230.49 mi172, Baddow Road, Chelmsford, Essex CM2 9QW2
£300K03/210.51 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£253K02/210.52 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£220K12/220.52 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£252.5K02/210.52 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£285K04/210.53 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£215K07/230.54 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£282.5K11/210.58 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£195K01/230.58 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K03/210.59 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£220K12/200.59 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£205.5K09/210.6 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£225K04/210.61 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/200.61 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£215K02/230.63 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£225K10/210.64 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.64 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2

Local Rents

50 rents from £950/mo to £3.1K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£3,10003/240.01 mi-2
£3,10003/240.01 mi-2
£3,10003/250.01 mi-2
£3,12504/250.01 mi-2
£99503/240.04 miMoulsham Street, Old Moulsham2
£1,10003/240.05 miMoulsham Street, Chelmsford, CM22
£1,55012/240.07 miMoulsham Street, Chelmsford2
£1,50004/240.07 mi-2
£1,70005/240.07 mi-2
£1,50004/240.07 miNew London Road, Chelmsford, CM22
£1,70004/240.07 miNew London Road, Chelmsford, CM22
£1,45003/240.07 miGemini House, 90 New London Road, Chelmsford, CM22
£1,36503/240.08 miCarlton House, Chelmsford2
£1,20003/250.08 mi-2
£1,30004/240.1 miOrchard Street, Chelmsford, CM22
£95003/240.1 miBaddow Road, CM22
£1,30004/240.1 miCounty Place, Chelmsford, CM22
£1,55004/240.11 miCounty Place, CHELMSFORD2
£1,35004/240.11 miMoulsham Street, Chelmsford2
£1,49504/240.11 miRoman Road, Old Moulsham, CM22
£1,39002/250.12 mi-2
£1,45004/240.13 miCanside, Chelmsford, CM12
£1,40005/240.13 miMildmay Road, Chelmsford2
£1,20003/250.14 mi-2
£1,37505/240.15 mi-2
£1,30003/240.17 miMildmay Road, Chelmsford, CM22
£1,15004/240.18 miMildmay Road, Old Moulsham, Chelmsford, Essex, CM2 0DZ2
£2,20004/240.2 mi-2
£1,20005/240.23 miStapleford Close, Chelmsford, CM22
£1,20012/240.23 miStapleford Close, Chelmsford, CM22
£1,25004/240.23 miAnchor Street, Chelmsford, CM2 0JY2
£1,39504/240.24 miAnchor Street, CHELMSFORD2
£1,30004/240.24 miAnchor Street, Chelmsford, CM22
£1,40003/240.25 mi-2
£1,40003/240.25 miBond Street, Chelmsford, CM12
£1,30004/240.26 miRosebery House, Springfield Road, Chelmsford, CM2 6ZP2
£1,25003/240.26 miParkway House2
£1,10004/240.27 miParkway House, 49 Baddow Road, CM22
£1,50004/240.28 miBond Street, Chelmsford, Essex, CM12
£1,30003/250.28 mi-2
£1,55005/240.29 mi-2
£1,55004/240.29 miDuke Street, Chelmsford, CM12
£1,35004/240.29 miCENTURY TOWER, Shire Gate, Chelmsford2
£1,25003/240.29 miNew Writtle Street, Chelmsford, CM22
£1,25004/240.29 miNew Writtle Street, Chelmsford, CM22
£1,25004/240.3 miKing George Court, Old Moulsham2
£1,35004/240.3 miNew Writtle Street, Chelmsford, CM2 0RR2
£1,40004/240.3 miNew Writtle Street, Chelmsford, CM22
£1,35005/240.3 miNew Writtle Street, Chelmsford, CM22
£1,35004/250.3 mi-2

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

0.57 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £210,000

August 20, 2024

Floor Plans

Description

  • THIRD FLOOR TWO BEDROOM LUXURY APARTMENT +
  • LIFT +
  • LARGE OPEN PLAN KITCHEN LIVING AREA +
  • CONTEMPORARY STYLE BATHROOM +
  • PERMIT PARKING AVAILABLE +
  • VIDEO ENTRY TELEPHONE SYSTEM +
  • CENTRALLY LOCATED WITHIN TOWN CENTRE +
  • CLOSE TO MAINLINE STATION +

Front door opening into:  

ENTRANCE HALL with solid oak parquet flooring, ceiling lighting, two large cupboards, one being a utility cupboard housing plumbing for washer and dryer, the second an airing cupboard, housing a cylinder heating system, fitted radiator and doors to rooms. 

OPEN PLAN LIVING ROOM AND KITCHEN 17' 4" x 12' 8" (5.28m x 3.86m) A beautiful bright and spacious room with views across the centre of Chelmsford. Wooden parquet floor, tv and power points, fitted radiator. Kitchen area comprises built in array of eye and level base units and drawers with a white stone work top with integrated stainless steel sink and mixer tap, integrated Siemens stainless steel oven, four ring induction hob over, extractor hood integrated fridge and freezer, dishwasher, insert ceiling down lighters, tv and power points, fitted radiator.  

BEDROOM 1 12' 3" x 11' 0" (3.73m x 3.35m) Great views across Chelmsford, wooden flooring, fitted radiator, fitted wardrobe with hanging rail and shelving, insert ceiling down lighters  

BEDROOM 2 10' 3" x 9' 8" (3.12m x 2.95m) Great views across Chelmsford, wooden flooring, fitted radiator and ceiling lighting. 

BATHROOM Comprising fully tiled room with panel enclosed bath, integrated low level wc with integrated flush, wall mounted wash hand basin with vanity drawer under, mixer tap, shower integrated above the bath with shower screen, extractor fan, insert ceiling down lighter, heated towel rail. 

AGENTS NOTE The information given in these particulars is intended to help you decide whether you wish to view this property and to avoid wasting your time in viewing unsuitable properties. We have tried to make sure that these particulars are accurate, but to a large extent we have to rely on what the seller tells us about the property. We do not check every single piece of information ourselves as the cost of doing so would be prohibitive and we do not wish to unnecessarily add to the cost of moving house. In accordance with the misrepresentation act, we are required to inform both potential vendors and purchasers, that from time to time both vendors and or purchasers, may be known by our staff, by way of previous customers, friends, neighbours, relatives, etc.

Once you find the property you want to buy, you will need to carry out more investigations into the property than it is practical or reasonable for an estate agent to do when preparing sales particulars. For example, we have not carried out any kind of survey of the property to look for structural defects and would advise any homebuyer to obtain a surveyor's report before exchanging contracts. If you do not have your own surveyor, we would be pleased to recommend one. We have not checked whether any equipment in the property (such as central heating) is in working order and would advise homebuyers to check this. You should also instruct a solicitor to investigate all legal matters relating to the property (e.g. title, planning permission etc.,), as these are specialist matters in which estate agents are not qualified. Your solicitor will also agree with the seller what items (e.g. carpets, curtains etc.,) will be included in the sale.

Agent Details

Pestell & Co, Great Dunmow

01371 708214

Next Steps?

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