2 Bed Flat, Single Let, Chelmsford, CM1 3GU, £220,000

9 Parkinson Drive, Chelmsford, Essex, CM1 3GU - 1 views - 7 months ago

Leasehold
BTL
ROI: 4%
57 m²
+4 photos

ValuationOvervalued

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

 

 

Square Metres

56.60 m²
Price/m²£3.9K/m²

Value Estimate

£215,373

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£1,075 - £1,600

Rent Estimate

£1,125

Running Costs/mo

£933

Cashflow/mo

£193

Cashflow/yr

£2,310

ROI

4%

Gross Yield

6%

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 
£225K10/210.03 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.03 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£225K10/210.03 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.03 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.03 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£184K12/200.05 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£205K01/230.06 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£186K08/210.06 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£202K03/230.07 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£197.5K01/210.07 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.07 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£195K03/210.07 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.08 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
£260K01/210.18 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£215K04/210.21 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.21 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£307.5K07/230.24 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£207.5K05/230.24 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£200K03/210.28 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£175K02/210.3 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£325K01/230.32 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£227.5K12/220.36 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£112.5K01/230.36 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£223K11/210.38 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£200K05/230.38 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£215K01/230.39 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£310K05/230.39 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.39 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.4 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£183K06/210.42 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£232K05/210.42 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.42 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£183K06/210.42 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.42 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£250K07/230.43 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£232K05/210.43 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£240K10/210.44 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£275K03/210.5 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£282.5K11/210.5 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£218K03/210.56 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£140K07/210.58 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£195K11/210.59 mi18, Sherwood Drive, Chelmsford, Essex CM1 3DN2
£265K01/210.59 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.59 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£280K09/210.59 mi3, County Place, Chelmsford, Essex CM2 0RF2
£220K12/220.64 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.69 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£85K06/210.7 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2

Local Rents

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

RentDateDistanceAddressBeds 
£1,25004/240.03 miRookes Crescent, Chelmsford2
£1,30005/240.03 miRookes Crescent, Chelmsford2
£1,25004/240.03 miRookes Crescent, Chelmsford, Essex, CM12
£1,20003/240.04 miParkinson Drive, Chelmsford2
£1,07504/250.05 mi-2
£1,30004/240.05 miCrompton Street, Chelmsford, CM12
£1,35004/240.05 miCrompton Street, Chelmsford2
£1,20004/240.06 miEvelyn Place, CM12
£1,30003/250.07 mi-2
£1,30003/250.08 mi-2
£1,40012/240.08 mi-2
£1,20003/240.08 miParkinson Drive, Chelmsford, CM1 3GW2
£1,50004/240.1 miCrompton Street, Chelmsford, CM12
£1,40004/240.1 miCrompton Street, Chelmsford2
£1,17503/240.11 miParkinson Drive, CHELMSFORD2
£1,30004/240.11 miParkinson Drive, Chelmsford2
£1,20005/240.11 miParkinson Drive, CHELMSFORD2
£1,20003/240.11 miParkinson Drive, CM12
£1,60004/240.13 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.13 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,10004/240.16 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,35003/240.17 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.17 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40004/240.21 miUpper Bridge Road, Chelmsford2
£1,40004/240.21 miUpper Bridge Road, Chelmsford2
£1,25002/240.22 mi-2
£1,35001/250.23 mi-2
£1,20004/240.24 miHaig Court, CHELMSFORD2
£1,15004/240.24 miHaig Court, Chelmsford, CM22
£1,25001/250.24 mi-2
£1,30003/240.26 miUpper Bridge Road, Chelmsford, CM22
£1,30003/240.26 mi-2
£1,30004/240.27 miUpper Bridge Road, Chelmsford2
£1,35004/240.29 miFalcons Mead, CITY CENTRE, Chelmsford, CM2 0NN2
£1,19504/240.3 miLower Anchor Street, Old Moulsham2
£1,35003/240.31 miLower Anchor Street, Chelmsford, CM22
£1,35003/240.31 miLower Anchor Street, Chelmsford, CM22
£1,30005/240.32 miBradford Street, Chelmsford2
£1,35005/240.32 miCutmore Place, Chelmsford, CM22
£1,40004/240.32 miCutmore Place, Chelmsford, CM22
£1,35005/240.32 miCutmore Place, CHELMSFORD2
£1,10005/240.33 miMead Path, Chelmsford2
£1,50012/240.37 miWolseley Road, Chelmsford, Essex, CM22
£1,25003/240.38 miMoulsham Street, Chelmsford2
£1,25004/240.38 miMoulsham Street, Chelmsford2
£1,40004/240.38 miNew Writtle Street, Chelmsford, CM22
£1,35005/240.38 miNew Writtle Street, Chelmsford, CM22
£1,35004/240.39 miNew Writtle Street, Chelmsford, CM2 0RR2
£1,25003/240.39 miNew Writtle Street, Chelmsford, CM22
£1,25004/240.39 miNew Writtle Street, Chelmsford, CM22

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.72 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

Listed for £220,000

September 16, 2024

Sold for £150,000

2004

Floor Plans

Description

Situated in a sought after location just outside Chelmsford City Centre, this great sized two bedroom flat comes to market with no onward chain.

The property offers a large lounge diner with doors opening onto garden area, two good sized bedrooms with an en-suite shower room to bedroom one, fitted kitchen, three piece bathroom suite and barriered allocated parking. Keys held for viewings.

Council Tax Band: C
Tenure: Leasehold

Agent Details

Shore Sales & Lettings, Leigh-On-Sea

01702 967998

Next Steps?

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