2 Bed Flat, Single Let, Chelmsford, CM2 7LH, £200,000

Meadgate Avenue, Great Baddow, Chelmsford, CM2 7LH - 2 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£107.5K - £420K
Sold Prices/m²£1.9K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£240,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£1,095 - £1,950

Rent Estimate

£1,095

Running Costs/mo

£864

Cashflow/mo

£231

Cashflow/yr

£2,772

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £107.5K to £420K, average is £227.5K. £1.9K/m² to £6K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£225K12/220.08 mi114, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£225K12/220.1 mi134, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£197.5K06/210.1 mi126, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£201K08/210.1 mi132, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£222.5K03/230.1 mi120, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£203K02/210.19 mi26, Gerard Gardens, Chelmsford, Essex CM2 9GD2
£191.5K08/210.19 mi51, Mascalls Way, Chelmsford, Essex CM2 7NR2
£195K11/210.19 mi19, Mascalls Way, Chelmsford, Essex CM2 7NR2
£247.5K01/230.19 mi5, Goodwin Close, Chelmsford, Essex CM2 9GX2
£237K06/210.19 mi21, Goodwin Close, Chelmsford, Essex CM2 9GX2
£107.5K12/200.21 mi6, Searle Close, Chelmsford, Essex CM2 9GB2
£237.5K09/210.22 mi17, Searle Close, Chelmsford, Essex CM2 9GB2
£120K05/230.22 mi1, Searle Close, Chelmsford, Essex CM2 9GB2
£212.5K06/210.23 mi44, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£206K09/210.23 mi42, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£215K08/230.23 mi40, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£250K04/210.23 mi106, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£215K03/230.32 mi172, Baddow Road, Chelmsford, Essex CM2 9QW2
£235K01/230.4 mi10, Waterson Vale, Chelmsford, Essex CM2 9PB2
£215K07/230.42 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£252.5K02/210.42 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£300K03/210.43 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£195K08/210.44 miFlat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£190K03/210.44 miFlat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£232.5K07/230.44 miFlat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£247K12/200.45 miFlat 14, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£260K03/210.45 miFlat 34, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£238K07/230.45 miFlat 23, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£225K04/210.51 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/200.51 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£275K10/200.53 mi5, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.53 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.53 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£290K03/230.57 mi18, Pearl Square, Chelmsford, Essex CM2 9FP2
£250K03/210.6 mi32, Lambourne Chase, Chelmsford, Essex CM2 9FF2
£200K12/200.62 mi23, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£210K11/200.62 mi9, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£320K06/230.64 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£270K11/200.65 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£220K12/200.68 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£242.5K11/210.69 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£205K12/200.69 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£210K12/200.69 mi27, Fawkner Close, Chelmsford, Essex CM2 6UP2
£242.5K06/230.69 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£260K02/230.69 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£247.5K05/230.71 mi14, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£190K06/210.71 mi23, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£224K03/210.71 mi30, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£240K07/230.71 mi19, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£420K03/210.71 mi16, The Vineyards, Great Baddow, Chelmsford, Essex CM2 7QS2

Local Rents

50 rents from £1.1K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,10003/240.04 miMeadgate Avenue, CM22
£1,40002/250.08 mi-2
£1,27504/240.11 miBaddow Road, Chelmsford2
£1,27505/240.11 miBaddow Road, Chelmsford2
£1,75005/240.11 miBaddow Road, Chelmsford, CM22
£1,75004/240.11 miBaddow Road, Chelmsford, CM2N/A
£1,75004/240.11 mi-2
£1,75005/240.11 mi-2
£1,75003/250.11 mi-2
£1,95004/240.13 miChelwater, Great Baddow, Chelmsford, CM22
£1,95005/240.13 mi-2
£1,20004/240.13 miBaddow Road, Chelmsford2
£1,30004/240.13 miBaddow Road, Chelmsford2
£1,10010/230.19 miGoodwin Close, Great Baddow, Chelmsford2
£1,30005/240.21 miGoodwin Close, CM22
£1,19505/240.21 miHarberd Tye, Great Baddow2
£1,45003/240.22 miWallace Crescent, Chelmsford, CM22
£1,22504/240.23 miSearle Close, Chelmsford2
£1,09504/240.23 miHarberd Tye, CHELMSFORD2
£1,30003/240.23 miHarberd Tye, Great Baddow, CM22
£1,50003/250.24 mi-2
£1,40003/240.32 miLea Court, Baddow Road2
£1,40003/240.32 miLea Court, Baddow Road2
£1,49004/240.37 miWharf Road, Chelmsford, Essex, CM22
£1,49003/240.37 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.37 miWharf Road, One Canalside, Chelmsford, CM22
£1,35001/250.38 mi-2
£1,66204/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,47504/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,45503/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,47004/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,48505/240.38 miWharf Road, Chelmsford, Essex, CM22
£1,50002/240.4 mi-2
£1,50002/250.4 mi-2
£1,50003/250.41 mi-2
£1,09503/240.41 miAmcotes Place, CM22
£1,30003/240.42 mi-2
£1,27503/240.42 miLockside Marina, Chelmsford2
£1,40004/240.42 miLockside Marina, Chelmsford, CM2 6HF2
£1,42505/240.42 miLockside Marina, CHELMSFORD2
£1,40005/240.42 miLockside Marina, Chelmsford, CM2 6HF2

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.36 miles away

Nearest school

0.30 miles away

Nearest train station

1.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £200,000

October 14, 2024

Floor Plans

Description

  • Two Bedrooms +
  • Top Floor Apartment +
  • Well Presented +
  • Easy access to City Centre +
  • Allocated secure bike/storage shed +
  • Access to loft space +

SUMMARY
Situated in the highly desired area 'Great Baddow' is this two bedroom top floor apartment. The property is well presented and benefits from two bedrooms, spacious reception space and allocated secure bike/storage shed. Early viewings are advised to appreciate this property

DESCRIPTION
The property is conveniently located with easy access to local amenities and travel links. Great Baddow is a very popular area with home buyers and offers a selection of primary and secondary schools.

There are a selection of local shops, restaurants and takeaways within close proximity of the property as well as regular bus services to the city centre and nearby towns with bus stops located in the nearby Baddow Road. The property is conveniently positioned offering excellent access to the A12 for those travelling north or south of Chelmsford.

Chelmsford is a rapidly growing city with comprehensive shopping facilities on offer which include the highly acclaimed Bond Street shopping complex as well as two shopping precincts, the city centre offers a wide array of independent and chain restaurants with cuisines from around the world on offer, there is a thriving nightlife with a collection of wine bars and leisure facilities including Riverside Ice Rink. Chelmsford station provides regular and fast services to London Liverpool Street, with journey times as quick as 34 minutes.

Lounge 15' 5" x 12' 7" ( 4.70m x 3.84m )
Window to front and radiator

Dining Room 12' 7" x 8' 8" ( 3.84m x 2.64m )
Window to front and radiator. Storage cupboard, access to loft

Kitchen 11' 8" x 6' 10" ( 3.56m x 2.08m )
Window to front, Oven/hob, washing machine and integrated dishwasher.

Bedroom One 14' 1" x 8' 11" ( 4.29m x 2.72m )
Window to side and radiator

Bedroom Two 10' 7" x 8' 1" ( 3.23m x 2.46m )
Window to side and radiator, built in wardrobe.

Bathroom 
Bath/shower and window to side

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 South

01245 945288

Next Steps?

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