2 Bed Flat, Single Let, Chelmsford, CM2 6SX, £180,000

Chelmer Village, CM2 6SX - 5 months ago

Leasehold
BTL
ROI: 6%
~50 m²
+4 photos

ValuationUndervalued

Sold Prices£150K - £320K
Sold Prices/m²£2.6K/m² - £5.2K/m²

 

 

Square Metres

~49.90 m²
Price/m²£3.6K/m²

Value Estimate

£192,291
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,600

Rent Estimate

£1,094

Running Costs/mo

£801

Cashflow/mo

£293

Cashflow/yr

£3,512

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £150K to £320K, average is £210K. £2.6K/m² to £5.2K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£210K10/210.01 mi28, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£202.5K03/230.01 mi56, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£240K02/230.02 mi23, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£196.5K03/230.08 mi136, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£198K03/210.08 mi34, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£211K02/210.08 mi42, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£215K01/210.08 mi66, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£219K02/230.08 mi46, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£255K07/230.08 mi23, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£255K03/230.08 mi53, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£225K05/210.09 mi145, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£220K04/210.09 mi147a, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£217K05/210.13 mi169, Pollards Green, Chelmsford, Essex CM2 6UX2
£245K01/210.19 mi78, Chelmer Road, Chelmsford, Essex CM2 6AB2
£190K05/210.23 mi42, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£188K01/210.23 mi30, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£210K03/210.3 mi31, Salter Place, Chelmsford, Essex CM2 6UU2
£208K10/200.34 mi23, Goddard Way, Chelmsford, Essex CM2 6UR2
£208K10/200.34 mi23, Goddard Way, Chelmsford, Essex CM2 6UR2
£205K12/200.35 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£210K12/200.35 mi27, Fawkner Close, Chelmsford, Essex CM2 6UP2
£242.5K06/230.35 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£245K03/230.45 mi290, Springfield Road, Chelmsford, Essex CM2 6BA2
£240K07/210.47 mi367, Springfield Road, Chelmsford, Essex CM2 6AW2
£200K02/210.51 mi394, Springfield Road, Chelmsford, Essex CM2 6AT2
£245K10/200.59 mi11, Oasis Court, Chelmsford, Essex CM2 6JU2
£220K12/200.69 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£161.3K03/210.72 mi25, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£157.5K09/210.72 mi29, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£250K01/230.73 mi66, Eglinton Drive, Chelmsford, Essex CM2 6YL2
£215K02/230.73 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£177K06/210.79 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£165K02/210.81 mi42, Bryant Link, Springfield, Chelmsford, Essex CM2 6GZ2
£205.7K05/230.82 mi9, Canvey Walk, Chelmsford, Essex CM1 6LB2
£189.5K11/210.82 mi33, Canvey Walk, Chelmsford, Essex CM1 6LB2
£210K12/220.82 mi49, Canvey Walk, Chelmsford, Essex CM1 6LB2
£203K08/230.84 mi29, Azalea Court, Chelmsford, Essex CM1 6YL2
£150K06/210.84 mi139, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£186K02/230.84 mi65, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£252.5K02/210.84 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£300K03/210.85 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£181K07/230.86 mi84, Foxglove Way, Chelmsford, Essex CM1 6QR2
£160K12/200.89 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£242.5K11/210.91 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£260K02/230.91 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£175K03/210.91 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£180K03/230.91 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£185K07/230.92 mi34, Lupin Drive, Chelmsford, Essex CM1 6FH2
£254K11/210.93 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£320K06/230.94 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2

Local Rents

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

RentDateDistanceAddressBeds 
£1,15005/240.01 miEarlsfield Drive, Chelmer Village, Chelmsford, CM22
£1,15004/240.06 miRamshaw Drive, Chelmsford2
£1,20004/240.08 miRamshaw Drive, Chelmsford, Essex, CM22
£1,30002/240.09 mi-2
£1,45003/240.1 miRamshaw Drive, Chelmsford2
£1,35004/240.1 miRamshaw Drive, Chelmsford2
£1,20003/240.1 miRamshaw Drive, Chelmer Village2
£1,05003/240.15 miKerby Rise, CM22
£1,40003/240.2 mi-2
£1,45003/240.2 miBankart Lane, Chelmsford, CM22
£1,55005/240.22 mi-2
£1,55004/240.22 miBurgess Field, Chelmsford, CM22
£1,40003/240.22 miInkerpole Place, Chelmsford2
£1,40003/250.24 mi-2
£1,25004/240.28 miCavendish Gardens, Chelmsford, Essex, CM22
£1,30003/240.3 miGilson Close, Chelmer Village, Chelmsford, Essex, CM22
£1,30003/240.3 miGilson Close, CHELMSFORD2
£1,47504/240.36 miWoodroffe Close, CM22
£1,42503/240.44 miGainsborough Crescent, Chelmsford, CM22
£1,20003/240.44 miSpringfield Road, CM22
£1,30005/240.45 miSpringfield Road, Chelmsford2
£1,35005/240.47 miSandford Road, Chelmsford, CM2 6DE2
£1,39504/240.47 miSaywell Brook, Chelmsford2
£1,15003/240.49 miSpringfield Road, CM22
£1,50004/240.54 miChelmer Road, Chelmsford2
£1,10005/240.59 miOasis Court, Chelmsford, CM22
£1,35003/240.6 miSandford Court, Sandford Road, Chelmsford, Essex, CM22
£1,60004/240.62 miFalmouth Road, Chelmsford, CM12

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.53 miles away

Nearest school

0.30 miles away

Nearest train station

1.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £180,000

January 15, 2025

Listed for £190,000

October 23, 2024

Floor Plans

Description

  • GUIDE PRICE RANGE £180,000 TO £195,000 +
  • NO ONWARD CHAIN +
  • IDEAL FOR FIRST TIME BUYERS +
  • IDEAL FOR BUY TO LET INVESTORS +
  • ALLOCATED & VISITOR PARKING +
  • CLOSE TO CITY CENTRE +
  • SEPARATE KITCHEN +
  • DUAL ASPECT LIVING ROOM +
  • POPULAR CHELMER VILLAGE LOCATION +
  • TWO BEDROOMS +

CHAIN FREE - GUIDE PRICE RANGE £180,000 TO £195,000 LOCATION This property is ideally located in the sought after area of Chelmer Village, well known for its popular retail park and within a short distance to the City Centre and Chelmsford railway station. There are excellent bus routes form Chelmer Village and a range of parks and walkways, plus a village square featuring an ASDA superstore, other shops, opticians and a dental surgery. ACCOMMODATION OVERVIEW The building is accessed via a secure entry phone system with the apartment being located on the first floor. The Entrance Hall runs from the front door to the Lounge/Dining Room, with Bedroom doors to the left and Bathroom door to the right. The Lounge/Dining Room is dual aspect spanning the width of the apartment with a door into the Kitchen which has a range of matching wall and base units and integrated appliances. Bedroom One is a double room with fitted wardrobes, whilst Bedroom Two is a single room or could be a great space for a home office. The Bathroom has a window for natural ventilation and a three piece suite including shower over the bath. OUTSIDE The communal grounds provide allocated parking, visitor parking and partially lawned grounds to the rear. Services: Mains Electric, Mains Water and Mains Drainage. Leasehold Information Annual Ground Rent             £144.24  Annual Service Charge         £1,834.50 Annual Building Insurance    £235.80  Remaining Lease                 89 Years **LOOKING FOR A RENTAL INVESTMENT? ** We think that this property would make a great buy to let purchase so please ask us for a rental estimate. Did you know that we can even GUARANTEE your rent? Just ask for further details. DISCLAIMER With approximate measurements these particulars have been prepared in good faith by the selling agent in conjunction with the vendor(s) with the intention of providing a fair and accurate guide to the property. However, they do not constitute or form part of an offer or contract nor may they be regarded as representations, all interested parties must themselves verify their accuracy. No tests or checks have been carried out in respect of heating, plumbing, electric installations or any type of appliances which may be included.

Agent Details

Charles David Casson, Chelmsford

01245 945177

Next Steps?

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