2 Bed Flat, Single Let, Brentwood, CM14 4UR, £105,000

Flat 14 Park Vale Court, Vine Way, Brentwood, Essex, CM14 4UR - 7 views - 7 months ago

Sold STC
Leasehold
Auction
BTL
ROI: 29%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£165K - £425K
Sold Prices/m²£3.2K/m² - £7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£128,100
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,350

Total Cash In

£30,600

 

 

Cash Out

 

Rent Range

£1,095 - £3,300

Rent Estimate

£1,350

Running Costs/mo

£618

Cashflow/mo

£732

Cashflow/yr

£8,783

ROI

29%

Gross Yield

15%

Local Sold Prices

43 sold prices from £165K to £425K, average is £276K. £3.2K/m² to £7K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£260K03/210.04 mi32, Mayfield Gardens, Brentwood, Essex CM14 4UJ2
£321K06/230.04 mi14, Mayfield Gardens, Brentwood, Essex CM14 4UJ2
£232.5K09/210.24 miFlat 4, Stone Yard, Western Gardens, Brentwood, Essex CM14 4RE2
£325K12/220.28 miFlat 4, Burgess Court, Burland Road, Brentwood, Essex CM15 9BL2
£275K12/200.29 miFlat 14, Burgess Court, Burland Road, Brentwood, Essex CM15 9BL2
£245K08/210.29 miFlat 35, The Square, Chatham Way, Brentwood, Essex CM14 4AL2
£311.5K05/230.29 miFlat 6, The Square, Chatham Way, Brentwood, Essex CM14 4AL2
£349.8K06/210.37 mi44, Westbury Road, Brentwood, Essex CM14 4JR2
£425K03/230.38 miFlat 11, Coptfold House, New Road, Brentwood, Essex CM14 4FW2
£275K02/230.39 mi16, The Courtyard, Brentwood, Essex CM15 9AF2
£345K12/200.4 mi42b, Coptfold Road, Brentwood, Essex CM14 4BL2
£363.5K12/220.44 mi73, Kings Road, Brentwood, Essex CM14 4DP2
£372.5K05/210.47 mi4, Kings Chase, Brentwood, Essex CM14 4LE2
£287.5K08/220.52 mi94, Doddinghurst Road, Brentwood, Essex CM15 9EU2
£270K06/230.52 mi104a, Doddinghurst Road, Brentwood, Essex CM15 9EU2
£250K04/210.57 mi18, Hurstwood Avenue, Pilgrims Hatch, Brentwood, Essex CM15 9HT2
£290K06/230.57 mi11, Railway Square, Brentwood, Essex CM14 4LN2
£237.5K09/210.57 mi18, Railway Square, Brentwood, Essex CM14 4LN2
£233.5K01/230.58 mi26, Hurstwood Avenue, Pilgrims Hatch, Brentwood, Essex CM15 9HT2
£320K11/220.58 mi16, Hurstwood Avenue, Pilgrims Hatch, Brentwood, Essex CM15 9HT2
£365K11/200.59 mi40, Wharf Road, Brentwood, Essex CM14 4LQ2
£290K01/210.62 miFlat 24, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£305K05/210.62 miFlat 32, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£300K01/230.65 miFlat 23, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£310K01/230.65 miFlat 24, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£310K06/230.73 mi38, Myrtle Road, Warley, Brentwood, Essex CM14 5EG2
£210K11/200.75 miFlat 18, Cawdor House, Cameron Close, Warley, Brentwood, Essex CM14 5BZ2
£250K08/210.76 miFlat 4, Forres House, Cameron Close, Warley, Brentwood, Essex CM14 5BS2
£210K03/210.78 mi84, Cromwell Road, Warley, Brentwood, Essex CM14 5DZ2
£245K05/210.81 miFlat 25, Elizabeth House, Albany Road, Pilgrims Hatch, Brentwood, Essex CM15 9PL2
£280K06/210.82 miFlat 4, Cromarty House, Mount Crescent, Warley, Brentwood, Essex CM14 5DA2
£240K06/220.82 miFlat 42, Elizabeth House, Albany Road, Pilgrims Hatch, Brentwood, Essex CM15 9PL2
£340K05/210.83 mi201, Crescent Road, Warley, Brentwood, Essex CM14 5JB2
£220K02/230.86 mi45, Sandringham Road, Pilgrims Hatch, Brentwood, Essex CM15 9PH2
£226K04/210.86 mi7, Sandringham Road, Pilgrims Hatch, Brentwood, Essex CM15 9PH2
£276K12/200.88 miFlat 10, Dounsell Court, Ongar Road, Pilgrims Hatch, Brentwood, Essex CM15 9JD2
£250K02/210.9 miFlat 2, Marlborough House, Firsgrove Crescent, Brentwood, Essex CM14 5TF2
£240K03/230.91 miFlat 8, Grove House, Firsgrove Crescent, Warley, Brentwood, Essex CM14 5JS2
£282.5K10/220.94 mi16, Balmoral Road, Pilgrims Hatch, Brentwood, Essex CM15 9PN2
£172.5K01/210.98 miFlat 4, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£165K12/200.98 miFlat 29, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£335K04/210.98 mi15, Osborne Heights, Warley, Brentwood, Essex CM14 5UZ2
£270K03/210.99 mi18a, Hampden Crescent, Warley, Brentwood, Essex CM14 5BD2

Local Rents

51 rents from £1.1K/mo to £3.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.1 miSycamore Drive, Brentwood, Essex, CM142
£1,50012/240.13 miCentral Brentwood2
£1,77512/240.15 mi-2
£1,70004/250.15 mi-2
£1,45004/250.16 mi-2
£1,60011/240.17 mi-2
£3,00012/240.17 mi-2
£1,35012/240.17 miBardeswell Close, CM142
£1,09501/250.19 mi-2
£1,10012/240.19 miCentral Brentwood2
£1,55012/240.19 miNorth Road Avenue, Brentwood, CM142
£1,40001/240.21 mi-2
£1,59501/240.24 mi-2
£1,50012/240.25 miHigh Street, Brentwood, CM14 4RX2
£1,50012/240.25 miHigh Street, Brentwood, CM14 4RX2
£1,60012/240.26 miOngar Road, Brentwood, Essex, CM152
£1,85004/250.28 mi-2
£1,95004/250.28 mi-2
£1,99904/250.28 mi-2
£1,80012/240.28 miRoyal Oak House, High St, Brentwood2
£1,95004/250.28 mi-2
£3,30012/240.3 mi-2
£1,80012/240.3 mi-2
£1,90002/250.3 mi-2
£2,50003/250.31 mi-2
£1,37512/240.31 miOngar Road, Brentwood, Essex, CM152
£1,35012/240.31 miHighmead Court, Sawyers Hall Lane, CM152
£1,65012/240.31 mi-2
£1,65012/240.31 miSouth Street, Brentwood, CM142
£1,39512/240.31 miCrown Street, Brentwood, Essex, CM142
£1,50012/240.35 miBecket House, New Road, CM142
£1,69504/250.35 mi-2
£2,30012/240.36 miIngrave House, Ingrave Road, CM152
£1,65012/240.37 miHenry Manning House, Milan Walk, Brentwood, Essex, CM142
£1,60012/240.38 miCrown Street, Brentwood2
£1,40001/250.41 mi-2
£1,85012/240.42 miHalcyon Place, Brentwood, Essex, CM142
£1,85012/240.42 miSt. Thomas Road, CM142
£1,30012/230.46 mi-2
£1,50004/250.47 mi-2
£1,50004/250.47 mi-2
£1,40002/250.47 mi-2
£1,45003/240.48 mi-2
£1,45003/240.48 mi-2
£1,40011/240.48 mi-2
£1,60001/240.48 mi-2
£1,95001/250.49 mi-2
£1,50004/250.51 mi-2
£1,55012/240.51 miEastfield Road, Brentwood, Essex, CM142
£1,70012/240.52 mi-2
£1,50012/240.52 miElias House, Brentwood2

Local Area Statistics

Population in CM14

19,442

Population in Brentwood

67,434

Town centre distance

0.67 miles away

Nearest school

0.30 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £105,000

September 17, 2024

Description

  • Leasehold +
  • By appointment with the auctioneers +

REFURBISHMENT OPPORTUNITY: A VACANT PURPOSE BUILT LEASEHOLD FLAT WITH TWO BEDROOMS NEEDING REFURBISHMENT APPROX 0.4 MILES FROM THE HIGH STREET
This purpose built second floor flat is vacant and is therefore considered suitable for both buy to let investors and owner occupiers alike. In need of refurbishment throughout the property is located approx 0.4 miles from Brentwood High Street and approx 0.8 miles from Brentwood Railway Station with links to London Liverpool Street.
Entrance Hall
Bedroom One: 12'1 x 11'3
Bedroom Two: 13'1 x 10'5
Bathroom: 8'0 x 5'11
Lounge: 16'4 max x 11'4
Kitchen: 7'0 x 11'1
99 years less 6 days from the 29th September 1964
Please refer to the legal pack for full details of any service / maintenance charges, ground rent costs and insurance premiums that may be applicable
For an indication of the open market value and / or the potential rental value of the property once any refurbishment / renovation works have been completed please contact Dedman Gray Residential on
D

Agent Details

Dedman Gray Auctions, Essex

01702 311010

Next Steps?

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