2 Bed Flat, Single Let, Brentwood, CM14 4NS, £275,000

London Road, Brentwood, CM14 4NS - 3 views - 6 months ago

Sold STC
BTL
ROI: 5%
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£115K - £465K
Sold Prices/m²£1.9K/m² - £7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£301,491
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£1,400 - £2,250

Rent Estimate

£1,503

Running Costs/mo

£1,180

Cashflow/mo

£323

Cashflow/yr

£3,876

ROI

5%

Gross Yield

7%

Local Sold Prices

36 sold prices from £115K to £465K, average is £300K. £1.9K/m² to £7K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£325K01/230.05 miFlat 24, Budleigh Court, Jason Close, Brentwood, Essex CM14 4QS2
£315K05/230.11 mi71, Shevon Way, Brentwood, Essex CM14 4PL2
£272.5K11/210.11 mi95, Shevon Way, Brentwood, Essex CM14 4PL2
£440K06/210.55 miFlat 28, Fisher Court, Rhapsody Crescent, Warley, Brentwood, Essex CM14 5GE2
£465K11/200.55 miFlat 12, Fisher Court, Rhapsody Crescent, Warley, Brentwood, Essex CM14 5GE2
£210K03/210.6 mi84, Cromwell Road, Warley, Brentwood, Essex CM14 5DZ2
£340K05/210.6 mi201, Crescent Road, Warley, Brentwood, Essex CM14 5JB2
£335K04/210.66 mi15, Osborne Heights, Warley, Brentwood, Essex CM14 5UZ2
£250K02/210.67 miFlat 2, Marlborough House, Firsgrove Crescent, Brentwood, Essex CM14 5TF2
£240K03/230.69 miFlat 8, Grove House, Firsgrove Crescent, Warley, Brentwood, Essex CM14 5JS2
£290K01/210.7 miFlat 24, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£305K05/210.7 miFlat 32, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£300K01/230.71 miFlat 23, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£310K01/230.71 miFlat 24, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£365K11/200.77 mi40, Wharf Road, Brentwood, Essex CM14 4LQ2
£400K06/230.81 miFlat 17, Myers Court, The Galleries, Warley, Brentwood, Essex CM14 5GG2
£172.5K01/210.88 miFlat 4, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£165K12/200.88 miFlat 29, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£290K06/230.88 mi11, Railway Square, Brentwood, Essex CM14 4LN2
£237.5K09/210.88 mi18, Railway Square, Brentwood, Essex CM14 4LN2
£197K05/210.89 miFlat 9, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£115K05/230.89 miFlat 24, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£372.5K05/210.9 mi4, Kings Chase, Brentwood, Essex CM14 4LE2
£301K11/220.91 mi44, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AQ2
£300K01/230.91 mi38, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AQ2
£282K10/210.92 mi17, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£290K10/210.92 mi39, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£300K03/210.92 mi35, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£315K09/220.93 mi43, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£349.8K06/210.94 mi44, Westbury Road, Brentwood, Essex CM14 4JR2
£363.5K12/220.94 mi73, Kings Road, Brentwood, Essex CM14 4DP2
£270K03/210.97 mi18a, Hampden Crescent, Warley, Brentwood, Essex CM14 5BD2
£310K06/230.98 mi38, Myrtle Road, Warley, Brentwood, Essex CM14 5EG2
£245K08/210.98 miFlat 35, The Square, Chatham Way, Brentwood, Essex CM14 4AL2
£311.5K05/230.98 miFlat 6, The Square, Chatham Way, Brentwood, Essex CM14 4AL2
£232.5K09/210.99 miFlat 4, Stone Yard, Western Gardens, Brentwood, Essex CM14 4RE2

Local Rents

11 rents from £1.4K/mo to £2.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,45003/250.25 mi-2
£1,50012/240.56 miRegent House, Hubert Road, Brentwood2
£1,99512/240.58 mi-2
£1,99512/240.58 miRudyard Court, Warley, Brentwood, CM142
£2,25012/240.59 miKipling Close, Brentwood, Essex, CM142
£1,65012/240.59 miCromwell Road, Brentwood, Essex, CM142
£1,85012/240.59 miCromwell Road, Brentwood, Essex, CM142
£1,40012/240.59 miThe Badgers, Cromwell Road, Warley, Essex2
£1,55012/240.6 miHubert Road, BRENTWOOD2
£1,55012/240.6 miHubert Road, BRENTWOOD2
£1,52512/240.6 miHubert Road, BRENTWOOD2

Local Area Statistics

Population in CM14

19,442

Population in Brentwood

67,434

Town centre distance

1.78 miles away

Nearest school

0.50 miles away

Nearest train station

0.96 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £275,000

October 28, 2024

Floor Plans

Description

  • SOLD BY THE GOOD ESTATE AGENT - SIMILAR PROPERTIES REQUIRED +
  • Garage & Off-Street Parking +
  • Share Of Freehold & 975 Years Lease +
  • Modern Kitchen with New Combi Boiler +
  • Bright Reception +
  • First  Floor +
  • Over 650 Sq Feet +
  • Perfect First Home or Buy to Let Opportunity +
  • Communal Garden +
  • Chain Free +

The Good Estate Agent is proud to present to the market this stunning two-bedroom, first-floor apartment with this popular development offering garage, off-street parking, and share of freehold, superbly located on London road within easy reach of Brentwood Station, M25, and A12 offering excellent access to the City. The apartment is offered chain-free with a 975 year lease and boasts a bright and airy open-plan reception with large dual aspect windows which flood the apartment with natural light. Modern fitted kitchen with plenty of cupboard space and appliances. Two great-sized bedrooms with views over the rear communal garden, both offering a fitted wardrobes, and a modern three-piece family bathroom which is beautifully finished. The apartment also boasts excellent storage, secure entry, double glazing and a new combi boiler with central heating. The property also offers many excellent amenities nearby with a great choice of family pubs and restaurants. Garage with off-street parking to the rear of the development. This would be an ideal purchase for a professional/s looking for their first home or buy-to-let opportunity. Please call our helpful sales team to book your must-see viewing today.

Council Tax Band The council tax band for this property is B.

Agent Details

The Good Estate Agent, National

01303 761722

Next Steps?

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