2 Bed Flat, Single Let, Chelmsford, CM1 3GS, £220,000

Parkinson Drive, Chelmsford, CM1 3GS - 1 views - 6 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£80.8K - £325K
Sold Prices/m²£2K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£259,174
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Total Cash In

£67,200

 

 

Cash Out

 

Rent Range

£1,075 - £1,600

Rent Estimate

£1,091

Running Costs/mo

£926

Cashflow/mo

£165

Cashflow/yr

£1,984

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80.8K to £325K, average is £216.5K. £2K/m² to £5.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£225K10/210.01 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.01 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.01 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£205K01/230.03 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£186K08/210.04 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£202K03/230.04 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£225K10/210.04 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.04 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£184K12/200.05 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£197.5K01/210.05 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£213K10/200.05 mi5, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.05 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£195K03/210.09 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.1 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£254K03/230.1 miFlat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£250K04/230.1 miFlat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£260K01/210.19 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£215K04/210.23 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.23 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£207.5K05/230.25 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£200K03/210.26 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£307.5K07/230.26 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£175K02/210.29 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£227.5K12/220.34 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£112.5K01/230.34 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£325K01/230.35 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£200K05/230.36 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£223K11/210.4 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£183K06/210.4 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£183K06/210.4 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.4 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£215K01/230.41 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£310K05/230.42 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.42 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.42 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£250K07/230.44 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£232K05/210.44 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.44 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.45 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£240K10/210.46 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£275K03/210.52 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£282.5K11/210.53 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£265K01/210.56 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.56 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£195K11/210.58 mi18, Sherwood Drive, Chelmsford, Essex CM1 3DN2
£218K03/210.59 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£140K07/210.6 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£280K09/210.62 mi3, County Place, Chelmsford, Essex CM2 0RF2
£220K12/220.67 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.72 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2

Local Rents

50 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20003/240.02 miParkinson Drive, Chelmsford2
£1,20004/240.03 miEvelyn Place, CM12
£1,30003/250.04 mi-2
£1,25004/240.04 miRookes Crescent, Chelmsford2
£1,30005/240.04 miRookes Crescent, Chelmsford2
£1,25004/240.04 miRookes Crescent, Chelmsford, Essex, CM12
£1,30004/240.05 miCrompton Street, Chelmsford, CM12
£1,35004/240.05 miCrompton Street, Chelmsford2
£1,40012/240.05 mi-2
£1,30003/250.05 mi-2
£1,07504/250.06 mi-2
£1,50004/240.08 miCrompton Street, Chelmsford, CM12
£1,40004/240.08 miCrompton Street, Chelmsford2
£1,20003/240.11 miParkinson Drive, Chelmsford, CM1 3GW2
£1,60004/240.13 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.13 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,10004/240.13 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,17503/240.13 miParkinson Drive, CHELMSFORD2
£1,30004/240.13 miParkinson Drive, Chelmsford2
£1,20005/240.13 miParkinson Drive, CHELMSFORD2
£1,20003/240.13 miParkinson Drive, CM12
£1,35003/240.19 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.19 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,25002/240.21 mi-2
£1,40004/240.24 miUpper Bridge Road, Chelmsford2
£1,40004/240.24 miUpper Bridge Road, Chelmsford2
£1,35001/250.25 mi-2
£1,20004/240.25 miHaig Court, CHELMSFORD2
£1,15004/240.26 miHaig Court, Chelmsford, CM22
£1,25001/250.26 mi-2
£1,30003/240.29 miUpper Bridge Road, Chelmsford, CM22
£1,30003/240.29 mi-2
£1,35005/240.29 miCutmore Place, Chelmsford, CM22
£1,40004/240.29 miCutmore Place, Chelmsford, CM22
£1,35005/240.3 miCutmore Place, CHELMSFORD2
£1,30004/240.3 miUpper Bridge Road, Chelmsford2
£1,10005/240.31 miMead Path, Chelmsford2
£1,19504/240.32 miLower Anchor Street, Old Moulsham2
£1,35004/240.32 miFalcons Mead, CITY CENTRE, Chelmsford, CM2 0NN2
£1,35003/240.33 miLower Anchor Street, Chelmsford, CM22
£1,35003/240.33 miLower Anchor Street, Chelmsford, CM22
£1,30005/240.33 miBradford Street, Chelmsford2
£1,25003/240.38 miMoulsham Street, Chelmsford2
£1,25004/240.38 miMoulsham Street, Chelmsford2
£1,50012/240.4 miWolseley Road, Chelmsford, Essex, CM22
£1,40004/240.41 miNew Writtle Street, Chelmsford, CM22
£1,35005/240.41 miNew Writtle Street, Chelmsford, CM22
£1,35004/240.41 miNew Writtle Street, Chelmsford, CM2 0RR2
£1,25003/240.42 miNew Writtle Street, Chelmsford, CM22
£1,25004/240.42 miNew Writtle Street, Chelmsford, CM22

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.75 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £220,000

October 25, 2024

Floor Plans

Description

  • Local To Chelmsford City Centre +
  • Two Bedroom Top Floor Apartment +
  • Communal Parking +
  • Perfect For First-Time Buyers +
  • Juliet Balcony +
  • Security Entry System +

This well presented two bedroom apartment is ideally located close to Chelmsford City Centre. The property offers an entrance hallway, lounge/diner with Juliet balcony, fitted kitchen with built in oven & hob, two double bedrooms, master with en suite shower and bathroom with modern white suite. Outside the property benefits from communal garden and residents parking.

The city centre offers a thriving nightlife with a selection of bars and a wide selection of places to eat from independent family restaurants to well known chain restaurants serving cuisines from around the world. Chelmsford features a comprehensive range of shopping facilities with its pedestrianised High Street, two shopping precincts and hugely popular Bond Street with John Lewis store. There is also many leisure facilities including Riverside Ice Rink and leisure centre.

Chelmsford's mainline station provides a direct service to London Liverpool St with a journey time as fast as 28 minutes, the property is also conveniently located within close distance to the A12 and A414 which provide access to the M25 and M11.

Chelmsford offers some of the most highly regarded schools in the UK examples include The Tyrells, Barnes Farm and Newlands Spring which are all Ofsted classified outstanding primary schools. Some outstanding secondary schools are Chelmsford County High for Girls and King Edwards vi Grammar school, The Boswells school is rated good with outstanding features.

Agent Details

haart, Chelmsford

01245 945473

Next Steps?

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