2 Bed Flat, Single Let, Chelmsford, CM1 3GR, £190,000

Crompton Street, Chelmsford, CM1 3GR - 8 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£80.8K - £325K
Sold Prices/m²£2K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£237,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£1,075 - £1,600

Rent Estimate

£1,119

Running Costs/mo

£838

Cashflow/mo

£281

Cashflow/yr

£3,377

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80.8K to £325K, average is £216.5K. £2K/m² to £5.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£184K12/200.03 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£225K10/210.05 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.05 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.05 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£225K10/210.06 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.06 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£205K01/230.06 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£202K03/230.07 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£186K08/210.07 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£197.5K01/210.09 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£213K10/200.09 mi5, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.09 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£195K03/210.1 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.11 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£254K03/230.13 miFlat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£250K04/230.13 miFlat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£260K01/210.2 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£215K04/210.23 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.23 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£307.5K07/230.26 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£207.5K05/230.26 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£175K02/210.28 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£200K03/210.3 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£325K01/230.33 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£227.5K12/220.38 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£112.5K01/230.38 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£223K11/210.4 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£310K05/230.4 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.4 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.4 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£200K05/230.4 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£215K01/230.4 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£232K05/210.44 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.44 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£183K06/210.44 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£232K05/210.45 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£183K06/210.45 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.45 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£250K07/230.45 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£240K10/210.47 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£282.5K11/210.49 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£275K03/210.51 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£218K03/210.55 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£195K11/210.56 mi18, Sherwood Drive, Chelmsford, Essex CM1 3DN2
£140K07/210.6 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£280K09/210.61 mi3, County Place, Chelmsford, Essex CM2 0RF2
£265K01/210.61 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.61 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£220K12/220.64 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.69 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2

Local Rents

50 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,07504/250.02 mi-2
£1,30004/240.03 miCrompton Street, Chelmsford, CM12
£1,35004/240.03 miCrompton Street, Chelmsford2
£1,20003/240.04 miParkinson Drive, Chelmsford2
£1,25004/240.06 miRookes Crescent, Chelmsford2
£1,30005/240.06 miRookes Crescent, Chelmsford2
£1,25004/240.06 miRookes Crescent, Chelmsford, Essex, CM12
£1,20004/240.06 miEvelyn Place, CM12
£1,30003/250.08 mi-2
£1,50004/240.08 miCrompton Street, Chelmsford, CM12
£1,40004/240.08 miCrompton Street, Chelmsford2
£1,40012/240.09 mi-2
£1,30003/250.09 mi-2
£1,20003/240.1 miParkinson Drive, Chelmsford, CM1 3GW2
£1,17503/240.12 miParkinson Drive, CHELMSFORD2
£1,30004/240.12 miParkinson Drive, Chelmsford2
£1,20005/240.12 miParkinson Drive, CHELMSFORD2
£1,20003/240.12 miParkinson Drive, CM12
£1,10004/240.16 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,60004/240.16 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.16 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,35003/240.19 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.19 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40004/240.22 miUpper Bridge Road, Chelmsford2
£1,40004/240.22 miUpper Bridge Road, Chelmsford2
£1,35001/250.24 mi-2
£1,25002/240.25 mi-2
£1,20004/240.26 miHaig Court, CHELMSFORD2
£1,15004/240.27 miHaig Court, Chelmsford, CM22
£1,25001/250.27 mi-2
£1,30003/240.28 miUpper Bridge Road, Chelmsford, CM22
£1,30003/240.28 mi-2
£1,30004/240.29 miUpper Bridge Road, Chelmsford2
£1,35004/240.3 miFalcons Mead, CITY CENTRE, Chelmsford, CM2 0NN2
£1,19504/240.32 miLower Anchor Street, Old Moulsham2
£1,35003/240.33 miLower Anchor Street, Chelmsford, CM22
£1,35003/240.33 miLower Anchor Street, Chelmsford, CM22
£1,30005/240.34 miBradford Street, Chelmsford2
£1,35005/240.34 miCutmore Place, Chelmsford, CM22
£1,40004/240.34 miCutmore Place, Chelmsford, CM22
£1,35005/240.34 miCutmore Place, CHELMSFORD2
£1,10005/240.35 miMead Path, Chelmsford2
£1,50012/240.38 miWolseley Road, Chelmsford, Essex, CM22
£1,40004/240.4 miNew Writtle Street, Chelmsford, CM22
£1,35005/240.4 miNew Writtle Street, Chelmsford, CM22
£1,35004/240.4 miNew Writtle Street, Chelmsford, CM2 0RR2
£1,25003/240.4 miNew Writtle Street, Chelmsford, CM22
£1,25004/240.4 miNew Writtle Street, Chelmsford, CM22
£1,25003/240.4 miMoulsham Street, Chelmsford2
£1,25004/240.4 miMoulsham Street, Chelmsford2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.71 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £190,000

January 8, 2025

Listed for £200,000

August 22, 2024

Floor Plans

Description

  • Two Bedroom +
  • Perfect For First-Time Buyers +
  • Walking Distance To Chelmsford City Centre +
  • Apartment +
  • Investment Opportunity +
  • Modernised +
  • No Onward Chain +

This charming two-bedroom top-floor flat on Crompton Street offers a bright and inviting living space, perfect for individuals or couples seeking a comfortable home. The kitchen is modern and functional, featuring ample cabinet space, a sleek electric hob and oven, and an integrated washing machine. The white cabinets and neutral countertops provide a clean and contemporary feel, with a window above the sink allowing natural light to brighten the space.

The bathroom is equally well-appointed, with a full-size bathtub equipped with an overhead shower. The white tiling throughout complements the modern fixtures, including a stylish vanity unit with storage and a large mirror, enhancing the room's spaciousness.

The two bedrooms are generously sized, offering ample room for furniture and personal belongings. Both rooms are fitted with large windows, ensuring they are well-lit during the day. The neutral color palette provides a versatile backdrop for various interior styles, while the plush carpeting adds a layer of comfort.

Situated in a well-connected area, the flat benefits from proximity to a variety of local amenities. Shops, cafes, and restaurants are within easy reach, providing everything needed for day-to-day living. Nearby green spaces offer opportunities for outdoor relaxation and recreation. The flat also enjoys excellent transport links, with nearby bus routes and train stations providing easy access to the city center and surrounding areas. This property is ideal for those seeking a peaceful yet convenient location.

Agent Details

haart, Chelmsford

01245 945473

Next Steps?

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