2 Bed Flat, Single Let, Chelmsford, CM1 3GH, £235,000

Parkinson Drive, CHELMSFORD, CM1 3GH - 2 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+11 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£259,174
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Total Cash In

£67,000

 

 

Cash Out

 

Rent Range

£1,075 - £1,600

Rent Estimate

£1,125

Running Costs/mo

£979

Cashflow/mo

£146

Cashflow/yr

£1,748

ROI

3%

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 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£205K01/230.03 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£225K10/210.04 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.04 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£186K08/210.04 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£197.5K01/210.04 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.04 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£202K03/230.04 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£184K12/200.06 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£195K03/210.08 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.09 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£254K03/230.1 miFlat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£250K04/230.1 miFlat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£260K01/210.19 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£215K04/210.22 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.22 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£207.5K05/230.25 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£200K03/210.25 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£307.5K07/230.25 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£175K02/210.31 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£227.5K12/220.33 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£112.5K01/230.33 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£325K01/230.35 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£200K05/230.35 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£183K06/210.39 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£223K11/210.39 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£183K06/210.39 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.39 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£215K01/230.4 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£310K05/230.42 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.42 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.42 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£250K07/230.43 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£232K05/210.44 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.44 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.45 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£240K10/210.45 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£275K03/210.52 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£282.5K11/210.53 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£265K01/210.56 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.56 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£140K07/210.59 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£218K03/210.59 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£195K11/210.59 mi18, Sherwood Drive, Chelmsford, Essex CM1 3DN2
£280K09/210.61 mi3, County Place, Chelmsford, Essex CM2 0RF2
£220K12/220.68 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.72 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£85K06/210.73 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 
£1,20003/240.03 miParkinson Drive, Chelmsford2
£1,20004/240.03 miEvelyn Place, CM12
£1,25004/240.04 miRookes Crescent, Chelmsford2
£1,30005/240.04 miRookes Crescent, Chelmsford2
£1,25004/240.04 miRookes Crescent, Chelmsford, Essex, CM12
£1,30003/250.04 mi-2
£1,30003/250.04 mi-2
£1,40012/240.05 mi-2
£1,30004/240.06 miCrompton Street, Chelmsford, CM12
£1,35004/240.06 miCrompton Street, Chelmsford2
£1,07504/250.07 mi-2
£1,50004/240.09 miCrompton Street, Chelmsford, CM12
£1,40004/240.09 miCrompton Street, Chelmsford2
£1,20003/240.11 miParkinson Drive, Chelmsford, CM1 3GW2
£1,60004/240.12 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.12 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,17503/240.13 miParkinson Drive, CHELMSFORD2
£1,30004/240.13 miParkinson Drive, Chelmsford2
£1,20005/240.13 miParkinson Drive, CHELMSFORD2
£1,20003/240.13 miParkinson Drive, CM12
£1,10004/240.14 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,35003/240.18 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.18 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,25002/240.19 mi-2
£1,40004/240.23 miUpper Bridge Road, Chelmsford2
£1,40004/240.23 miUpper Bridge Road, Chelmsford2
£1,35001/250.24 mi-2
£1,20004/240.25 miHaig Court, CHELMSFORD2
£1,15004/240.25 miHaig Court, Chelmsford, CM22
£1,25001/250.25 mi-2
£1,35005/240.29 miCutmore Place, Chelmsford, CM22
£1,40004/240.29 miCutmore Place, Chelmsford, CM22
£1,35005/240.29 miCutmore Place, CHELMSFORD2
£1,30003/240.29 miUpper Bridge Road, Chelmsford, CM22
£1,30003/240.29 mi-2
£1,10005/240.3 miMead Path, Chelmsford2
£1,30004/240.3 miUpper Bridge Road, Chelmsford2
£1,19504/240.31 miLower Anchor Street, Old Moulsham2
£1,35004/240.32 miFalcons Mead, CITY CENTRE, Chelmsford, CM2 0NN2
£1,35003/240.32 miLower Anchor Street, Chelmsford, CM22
£1,35003/240.32 miLower Anchor Street, Chelmsford, CM22
£1,30005/240.33 miBradford Street, Chelmsford2
£1,25003/240.36 miMoulsham Street, Chelmsford2
£1,25004/240.36 miMoulsham Street, Chelmsford2
£1,50012/240.4 miWolseley Road, Chelmsford, Essex, CM22
£1,40004/240.4 miNew Writtle Street, Chelmsford, CM22
£1,35005/240.4 miNew Writtle Street, Chelmsford, CM22
£1,35004/240.41 miNew Writtle Street, Chelmsford, CM2 0RR2
£1,37503/240.41 miRedcliffe Road, Old Moulsham, Chelmsford, CM22
£1,25003/240.41 miNew Writtle Street, Chelmsford, CM22

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.75 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £235,000

September 16, 2024

Sold for £225,000

2021

Sold for £149,995

2010

Sold for £165,000

2007

Sold for £143,000

2004

Sold for £119,500

2002

Floor Plans

Description

  • First Floor Apartment +
  • Long Lease +
  • En suite +
  • Approx One Mile to The Railway Station +
  • Lounge/Diner +

SUMMARY
Situated on the periphery of this popular development is this well presented two double bedroom first floor apartment. The accommodation comprises an L-shaped entrance hall, a good sized lounge/diner with French doors to a Juliet balcony and a modern fitted kitchen.

DESCRIPTION
The master bedroom has an en suite shower room. The second bedroom is a double and there is also a bathroom WC. The property is double glazed throughout and has electric heating. There is a residents car park to the rear.

Central Park, which is approx. 0.6 miles is a beautiful open space next to the river with an ornamental lake, children's play area and weekly park runs. Chelmsford City Centre offers 2 shopping malls and a busy high street with many national and international stores as well as a thriving international market. The Bond Street Shopping area has a John Lewis Department Store and an Everyman Cinema. Essex County Cricket club is under a mile away and is located next door to Central Park.

There is a convenience store nearby as well as the Whitley House Doctors Surgery and Pharmacy. The property is also convenient for excellent local schools and is located approx. 1 mile from Chelmsford railway station, which provides services to London Liverpool Street in approx. 39 minutes and Stratford in 34 minutes

Entrance Hall 

Lounge 17' 9" x 13' 4" narrowing to 10' 3" ( 5.41m x 4.06m narrowing to 3.12m )

Kitchen 11' x 7' 2" ( 3.35m x 2.18m )

Bathroom 7' 10" x 7' 2" ( 2.39m x 2.18m )

Bedroom One 11' 7" x 10' 10" narrowing to 9' ( 3.53m x 3.30m narrowing to 2.74m )

En Suite 6' 5" x 4' 8" ( 1.96m x 1.42m )

Bedroom Two 10' 10" x 8' 6" narrowing to 7' 6" ( 3.30m x 2.59m narrowing to 2.29m )

Agents Note: 
Lease: 189 years from 24 December 2001
Current Ground Rent: £200 pa
Current Service Charge: £2400 pa

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Chelmsford

01245 945123

Next Steps?

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