2 Bed Flat, Single Let, Chelmsford, CM1 1GS, £270,000

11 Duke Street, Essex, CM1 1HL - 2 views - 6 months ago

Leasehold
BTL
ROI: 3%
~67 m²
+8 photos

ValuationOvervalued

Sold Prices£80.8K - £385K
Sold Prices/m²£3.1K/m² - £5.5K/m²

 

 

Square Metres

~67 m²
Price/m²£4K/m²

Value Estimate

£264,045

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Total Cash In

£83,200

 

 

Cash Out

 

Rent Range

£1,295 - £2,800

Rent Estimate

£1,299

Running Costs/mo

£1,124

Cashflow/mo

£175

Cashflow/yr

£2,105

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £228.5K. £3.1K/m² to £5.5K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£80.8K03/210.04 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£220K12/220.06 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£85K06/210.09 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£253K02/210.1 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£205.5K09/210.16 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£282.5K11/210.23 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£218K03/210.26 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£313K06/210.31 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£310K05/230.31 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.31 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£285K04/210.34 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£280K09/210.37 mi3, County Place, Chelmsford, Essex CM2 0RF2
£325K01/230.38 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£275K03/210.38 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£212K11/200.42 mi73, Goodier Road, Chelmsford, Essex CM1 2GG2
£232.5K06/210.42 mi18, Goodier Road, Chelmsford, Essex CM1 2GG2
£233K12/210.42 mi41, Goodier Road, Chelmsford, Essex CM1 2GG2
£220K02/210.42 mi24, Goodier Road, Chelmsford, Essex CM1 2GG2
£248K04/230.42 mi20, Goodier Road, Chelmsford, Essex CM1 2GG2
£232K05/210.43 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.43 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.43 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£385K06/230.44 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£215K01/230.44 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£223K11/210.45 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£307.5K07/230.53 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£215K04/210.55 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.55 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£207.5K05/230.57 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£260K01/210.57 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£140K07/210.58 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£160K12/200.61 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£240K10/210.62 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£254K11/210.63 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£195K01/230.63 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K03/210.63 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£250K07/230.64 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£180K05/230.65 mi131, Kings Road, Chelmsford, Essex CM1 2BD2
£260K02/230.65 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£242.5K11/210.65 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£225K10/210.66 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.66 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£270K11/200.66 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£320K06/230.67 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£184K12/200.68 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£172K11/200.68 mi168, Kings Road, Chelmsford, Essex CM1 2BE2
£225K10/210.69 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.69 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.69 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£197.5K01/210.71 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2

Local Rents

50 rents from £1.3K/mo to £2.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50003/240.02 miKings Tower, Chelmsford2
£1,45005/240.03 miMarconi Plaza, Chelmsford2
£1,50005/240.03 miWells Crescent, Town Centre2
£1,45003/240.03 miKings Tower, Chelmsford2
£1,50004/240.03 miKings Tower, City Centre2
£1,50005/240.03 miWells Crescent, Chelmsford2
£1,30004/250.07 mi-2
£2,35004/250.07 mi-2
£1,60003/240.08 miBurgess Springs, CHELMSFORD2
£1,56504/240.08 miMiddleditch Court, Burgess Springs, CHELMSFORD2
£1,60003/240.08 miBurgess Springs, Chelmsford, CM12
£1,62503/240.08 miBurgess Springs, Chelmsford, CM12
£1,60003/240.08 miBurgess Springs, Chelmsford, CM12
£1,57504/240.08 miBurgess Springs, Chelmsford, CM12
£1,52504/240.08 miBurgess Springs, Chelmsford, CM12
£1,60005/240.08 miBurgess Springs, Chelmsford, CM12
£1,60005/240.08 miBurgess Springs, Chelmsford, CM12
£1,60005/240.08 miBurgess Springs, Chelmsford, CM12
£1,49504/240.09 miDuke Street, Chelmsford2
£1,49504/240.09 miDuke Street, Chelmsford, Essex, CM12
£1,29504/240.09 miLesley Court, Rainsford Road, Chelmsford2
£2,80005/240.09 mi-2
£1,55004/250.09 mi-2
£2,80002/250.09 mi-2
£2,80001/250.09 mi-2
£2,80001/250.09 mi-2
£1,62504/240.1 miWicks Place, CHELMSFORD2
£1,49504/240.1 miWicks Place, CHELMSFORD2
£1,56512/240.1 miWicks Place, Chelmsford City Centre2
£1,69512/240.1 miWicks Place, Chelmsford City Centre2
£1,35004/240.1 miWest One, 7-13 Rainsford Road, Chelmsford2
£1,70011/230.1 miRailway Street, Chelmsford2
£1,70005/240.12 miBurgess Springs, Chelmsford2
£1,30001/240.13 mi-2
£1,60004/240.13 miCannon Mews, CHELMSFORD2
£1,60003/240.14 miBurgess Springs, Chelmsford, CM12
£1,57504/240.14 miBurgess Springs, Chelmsford, CM12
£1,62503/240.15 miBurgess Springs, Chelmsford, CM12
£1,60003/240.15 miBurgess Springs, Chelmsford, CM12
£1,60003/240.15 miBurgess Springs, Chelmsford, CM12
£1,60004/240.15 miBurgess Springs, Chelmsford, CM12
£1,59504/240.15 miBurgess Springs, Chelmsford, CM12
£1,59504/240.15 miBurgess Springs, Chelmsford, CM12
£1,57505/240.15 miBurgess Springs, Chelmsford, CM12
£1,59504/240.15 miBurgess Springs, Chelmsford, CM12
£1,59505/240.15 miBurgess Springs, Clelmsford, CM12
£1,59505/240.15 miBurgess Springs, Clelmsford, CM12
£1,60005/240.15 miBurgess Springs, Chelmsford, CM12
£1,30004/240.15 miSteamer Terrace, Chelmsford2
£1,29504/240.17 miTownfield Street, City Centre2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.11 miles away

Nearest school

0.30 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £270,000

January 2, 2025

Listed for £280,000

October 19, 2024

Floor Plans

Description

  • Two double bedrooms +
  • Balcony off the lounge +
  • Residents gym +
  • Secure underground parking +
  • Concierge service +
  • City centre location +
  • 0.1 Mile walk to Chelmsford station +
  • Close by to local shops and restaurants +
  • En-suite shower room +
  • Well presented throughout +

UNEXPECTEDLY REAVAILABLE
This modern 2-bedroom, 2-bathroom flat in Chelmsford offers residents the convenience of city centre living with a range of amenities right on their doorstep. The property boasts a balcony off the spacious lounge, perfect for enjoying the views of the surrounding area. The flat is well presented throughout, with a modern and stylish interior that is sure to impress. The en-suite shower room is a luxurious addition, providing added convenience for the occupants. The two double bedrooms offer ample space for relaxation and privacy. Residents of this flat also have access to a residents gym, ideal for those who like to stay active without needing to leave the building. The secure underground parking provides added peace of mind for those with a vehicle, while the concierge service ensures a high level of security for all residents.

Located just a 0.1 mile walk from Chelmsford station, residents have easy access to transport links to London and beyond. In addition, the flat is surrounded by a variety of local shops and restaurants, making it easy to enjoy all that the city has to offer.

Chelmsford itself has a bustling city centre with a wide range of shopping, dining, and entertainment options. From the historic cathedral to the beautiful parks and gardens, there is something for everyone to enjoy in this vibrant city. Sports enthusiasts will appreciate the nearby sports facilities, while culture lovers can explore the local museums and galleries.

Overall, this flat offers a fantastic opportunity for those looking for a modern and convenient city centre lifestyle in Chelmsford, Essex. With its prime location and array of amenities, it is sure to be a popular choice for homebuyers looking to make the most of what this vibrant city has to offer.

Tenure: Leasehold

Band D is the Council Tax band for this property and the annual council tax bill is £2084.49.

Lease length: Lease length: 154 years from 30/11/2007, expiring on 31/3/2161 with 137 years remaining.

Ground rent: £282 per annum which is reviewed every 25 years of the term.

Service charge: For 01/10/24 - 31/03/25 is £1,701.90. The service charge is reviewed annually and paid bi-annually.

As an integral part of the community, we’ve gotten to know the best professionals for the job. If we recommend one to you, it will be in good faith that they’ll make the process as smooth as can be. Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200. You are under no obligation to use a third party we have recommended.

Should you successfully have an offer accepted on a property of ours and proceed to purchase it there is an administration charge of £30 inc. VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.

Fourth Floor

Entrance Hall

Lounge/Diner
4.44 m x 4.04 m (14'7" x 13'3")

Kitchen
2.82 m x 2.18 m (9'3" x 7'2")

Bedroom 1
3.17 m x 2.54 m (10'5" x 8'4")

En-suite shower room

Bedroom 2
4.32 m x 2.54 m (14'2" x 8'4")

Bathroom

Balcony

Residents Gym

Agent Details

HOME, Chelmsford

01245 945628

Next Steps?

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