2 Bed Flat, Single Let, Chelmsford, CM2 6UY, £190,000

Kerby Rise, Chelmsford, CM2 6UY - 2 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£157.5K - £320K
Sold Prices/m²£2.6K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£231,800
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£1,050 - £1,550

Rent Estimate

£1,075

Running Costs/mo

£829

Cashflow/mo

£246

Cashflow/yr

£2,955

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £157.5K to £320K, average is £215K. £2.6K/m² to £5.2K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£225K05/210.08 mi145, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£220K04/210.08 mi147a, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£217K05/210.09 mi169, Pollards Green, Chelmsford, Essex CM2 6UX2
£196.5K03/230.12 mi136, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£198K03/210.12 mi34, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£211K02/210.12 mi42, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£215K01/210.12 mi66, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£219K02/230.12 mi46, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£240K02/230.14 mi23, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£210K10/210.15 mi28, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£202.5K03/230.15 mi56, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£190K05/210.16 mi42, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£188K01/210.16 mi30, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£210K03/210.17 mi31, Salter Place, Chelmsford, Essex CM2 6UU2
£245K01/210.18 mi78, Chelmer Road, Chelmsford, Essex CM2 6AB2
£255K07/230.19 mi23, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£255K03/230.19 mi53, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£208K10/200.19 mi23, Goddard Way, Chelmsford, Essex CM2 6UR2
£208K10/200.19 mi23, Goddard Way, Chelmsford, Essex CM2 6UR2
£205K12/200.21 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£210K12/200.21 mi27, Fawkner Close, Chelmsford, Essex CM2 6UP2
£242.5K06/230.21 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£245K03/230.58 mi290, Springfield Road, Chelmsford, Essex CM2 6BA2
£240K07/210.6 mi367, Springfield Road, Chelmsford, Essex CM2 6AW2
£220K12/200.64 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£200K02/210.66 mi394, Springfield Road, Chelmsford, Essex CM2 6AT2
£215K02/230.73 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£245K10/200.74 mi11, Oasis Court, Chelmsford, Essex CM2 6JU2
£252.5K02/210.75 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£300K03/210.76 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£250K01/230.78 mi66, Eglinton Drive, Chelmsford, Essex CM2 6YL2
£191.5K08/210.81 mi51, Mascalls Way, Chelmsford, Essex CM2 7NR2
£195K11/210.81 mi19, Mascalls Way, Chelmsford, Essex CM2 7NR2
£161.3K03/210.82 mi25, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£157.5K09/210.82 mi29, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£160K12/200.86 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£242.5K11/210.86 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£260K02/230.86 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£320K06/230.88 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£270K11/200.88 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£254K11/210.89 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£165K02/210.91 mi42, Bryant Link, Springfield, Chelmsford, Essex CM2 6GZ2
£177K06/210.91 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£225K12/220.94 mi134, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£197.5K06/210.94 mi126, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£201K08/210.94 mi132, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£222.5K03/230.94 mi120, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£225K12/220.94 mi114, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£205.7K05/230.96 mi9, Canvey Walk, Chelmsford, Essex CM1 6LB2
£189.5K11/210.96 mi33, Canvey Walk, Chelmsford, Essex CM1 6LB2

Local Rents

25 rents from £1.1K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,05003/240.01 miKerby Rise, CM22
£1,45003/240.09 miRamshaw Drive, Chelmsford2
£1,35004/240.09 miRamshaw Drive, Chelmsford2
£1,20003/240.11 miRamshaw Drive, Chelmer Village2
£1,15004/240.11 miRamshaw Drive, Chelmsford2
£1,20004/240.12 miRamshaw Drive, Chelmsford, Essex, CM22
£1,30003/240.15 miGilson Close, CHELMSFORD2
£1,30003/240.15 miGilson Close, Chelmer Village, Chelmsford, Essex, CM22
£1,15005/240.15 miEarlsfield Drive, Chelmer Village, Chelmsford, CM22
£1,30002/240.17 mi-2
£1,40003/250.21 mi-2
£1,25004/240.25 miCavendish Gardens, Chelmsford, Essex, CM22
£1,40003/240.34 mi-2
£1,45003/240.34 miBankart Lane, Chelmsford, CM22
£1,55005/240.36 mi-2
£1,55004/240.36 miBurgess Field, Chelmsford, CM22
£1,40003/240.37 miInkerpole Place, Chelmsford2
£1,47504/240.4 miWoodroffe Close, CM22
£1,39504/240.41 miSaywell Brook, Chelmsford2
£1,50004/240.44 miChelmer Road, Chelmsford2
£1,42503/240.46 miGainsborough Crescent, Chelmsford, CM22
£1,35005/240.46 miSandford Road, Chelmsford, CM2 6DE2
£1,30005/240.58 miSpringfield Road, Chelmsford2
£1,20003/240.58 miSpringfield Road, CM22
£1,35003/240.61 miSandford Court, Sandford Road, Chelmsford, Essex, CM22

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.53 miles away

Nearest school

0.40 miles away

Nearest train station

1.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £190,000

September 23, 2024

Sold for £140,000

2012

Sold for £148,000

2011

Sold for £50,000

1998

Floor Plans

Description

  • Two bedrooms +
  • Ground floor apartment +
  • Spacious lounge +
  • Resident parking +
  • Sought-after location +
  • Ideal for first-time buyer or investor +

Presenting this ground floor apartment boasting a spacious living room with large windows allowing natural light to flood in, a fitted kitchen, two well-proportioned bedrooms, and a bathroom. The apartment also benefits from resident parking, providing convenience for residents and visitors alike.

Kerby Rise is situated in a desirable location close to local amenities, shops, and transport links, this property offers the perfect blend of comfort and convenience. Ideal for first-time buyers, downsizers, or investors. Don't miss out on the chance to make this wonderful property your own. Contact us today to arrange a viewing.

Agent Details

Beresfords, Chelmsford

01245 945593

Next Steps?

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