2 Bed Flat, Single Let, Chelmsford, CM1 2GG, £235,000

Goodier Road, Chelmsford, CM1 2GG - 5 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£80.8K - £385K
Sold Prices/m²	£2.7K/m² - £5.4K/m²

Square Metres	~68.11 m²
Price/m²	£3.5K/m²
Value Estimate	£270,531£270,531
BMV	15%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£58,750£58,750
Stamp Duty & Legal Fees	£12,950£12,950
Total Cash In	£71,700£71,700

Cash Out
Rent Range	£1,100 - £2,800£1,100 - £2,800
Rent Estimate	£1,250
Running Costs/mo	£1,004£1,004
Cashflow/mo	£246£246
Cashflow/yr	£2,948£2,948
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £221.3K. £2.7K/m² to £5.4K/m², average is £4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£212K	11/20	0.05 mi	73, Goodier Road, Chelmsford, Essex CM1 2GG	£4,240	50	2	Flat
£232.5K	06/21	0.05 mi	18, Goodier Road, Chelmsford, Essex CM1 2GG	£4,688	50	2	Flat
£233K	12/21	0.05 mi	41, Goodier Road, Chelmsford, Essex CM1 2GG	£3,426	68	2	Flat
£220K	02/21	0.05 mi	24, Goodier Road, Chelmsford, Essex CM1 2GG	£4,314	51	2	Flat
£248K	04/23	0.05 mi	20, Goodier Road, Chelmsford, Essex CM1 2GG	£4,679	53	2	Flat
£180K	05/23	0.21 mi	131, Kings Road, Chelmsford, Essex CM1 2BD	£4,286	42	2	Flat
£172K	11/20	0.24 mi	168, Kings Road, Chelmsford, Essex CM1 2BE	£4,095	42	2	Flat
£205.5K	09/21	0.33 mi	Flat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ	-	-	2	Flat
£218K	03/21	0.39 mi	24, Rainsford Lane, Chelmsford, Essex CM1 2QR	£3,701	59	2	Flat
£220K	12/22	0.41 mi	18, Coval Lane, Chelmsford, Essex CM1 1TD	£3,667	60	2	Flat
£253K	02/21	0.42 mi	42, Railway Street, Chelmsford, Essex CM1 1QS	£3,485	73	2	Flat
£282.5K	11/21	0.46 mi	4, Alma Drive, Chelmsford, Essex CM1 1TW	£3,924	72	2	Flat
£80.8K	03/21	0.47 mi	Flat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR	-	-	2	Flat
£85K	06/21	0.52 mi	Flat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW	-	-	2	Flat
£200K	10/20	0.57 mi	3, Canberra Close, Chelmsford, Essex CM1 2EF	£2,667	75	2	Flat
£215K	01/23	0.58 mi	20, Murchison Close, Chelmsford, Essex CM1 2ER	£4,135	52	2	Flat
£285K	04/21	0.61 mi	102, Watson Heights, Chelmsford, Essex CM1 1AF	£3,958	72	2	Flat
£205K	04/21	0.69 mi	16, Medway Close, Chelmsford, Essex CM1 2LH	-	-	2	Flat
£200K	09/21	0.71 mi	85, Melbourne Avenue, Chelmsford, Essex CM1 2DR	-	-	2	Flat
£310K	05/23	0.71 mi	Flat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£320K	07/23	0.71 mi	Flat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£313K	06/21	0.71 mi	Flat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£225K	02/23	0.71 mi	50, Wickham Crescent, Chelmsford, Essex CM1 4WD	£4,245	53	2	Flat
£192.5K	03/21	0.71 mi	62, Wickham Crescent, Chelmsford, Essex CM1 4WD	£3,775	51	2	Flat
£325K	01/23	0.76 mi	Flat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£222.5K	06/21	0.8 mi	41, Thames Avenue, Chelmsford, Essex CM1 2LN	£3,375	66	2	Flat
£210K	07/23	0.81 mi	36, Avon Road, Chelmsford, Essex CM1 2JZ	£3,199	66	2	Flat
£275K	03/21	0.83 mi	34, Hayes Close, Chelmsford, Essex CM2 0RN	£3,986	69	2	Flat
£280K	09/21	0.83 mi	3, County Place, Chelmsford, Essex CM2 0RF	£4,590	61	2	Flat
£385K	06/23	0.84 mi	89, Bond Street, Chelmsford, Essex CM1 1GD	-	-	2	Flat
£232K	05/21	0.86 mi	82, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,640	50	2	Flat
£232K	05/21	0.86 mi	82, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,640	50	2	Flat
£250K	06/21	0.86 mi	98, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,717	53	2	Flat
£215K	01/23	0.86 mi	47, Stapleford Close, Chelmsford, Essex CM2 0RB	£4,135	52	2	Flat
£265K	08/21	0.87 mi	34, Kelvedon Close, Chelmsford, Essex CM1 4DG	£4,274	62	2	Flat
£230K	08/21	0.87 mi	12, Kelvedon Close, Chelmsford, Essex CM1 4DG	£3,770	61	2	Flat
£260.5K	12/20	0.87 mi	40, Kelvedon Close, Chelmsford, Essex CM1 4DG	£4,270	61	2	Flat
£223K	11/21	0.87 mi	38, Stapleford Close, Chelmsford, Essex CM2 0RB	£4,288	52	2	Flat
£307.5K	07/23	0.91 mi	30, Bradford Street, Chelmsford, Essex CM2 0FJ	£4,212	73	2	Flat
£215K	04/21	0.92 mi	39, Haig Court, Chelmsford, Essex CM2 0BH	£3,413	63	2	Flat
£195K	03/23	0.92 mi	8, Haig Court, Chelmsford, Essex CM2 0BH	£3,545	55	2	Flat
£260K	01/21	0.93 mi	39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ	£4,127	63	2	Flat
£198K	04/21	0.93 mi	10, Chiltern Close, Chelmsford, Essex CM1 2GJ	£3,414	58	2	Flat
£200K	05/23	0.93 mi	11, Chiltern Close, Chelmsford, Essex CM1 2GJ	£3,390	59	2	Flat
£184K	12/20	0.94 mi	108, Crompton Street, Chelmsford, Essex CM1 3GP	£3,286	56	2	Flat
£207.5K	05/23	0.94 mi	66, Haig Court, Chelmsford, Essex CM2 0BJ	£3,705	56	2	Flat
£195K	03/21	0.95 mi	74, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,679	53	2	Flat
£195K	01/23	0.95 mi	72, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,482	56	2	Flat
£225K	10/21	0.96 mi	193, Rookes Crescent, Chelmsford, Essex CM1 3GN	£5,357	42	2	Flat
£218K	04/21	0.96 mi	187, Rookes Crescent, Chelmsford, Essex CM1 3GN	£3,105	70	2	Flat

Local Rents

50 rents from £1.1K/mo to £2.8K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,550	03/24	0.04 mi	Ridgewell Avenue, Chelmsford, CM1	2	Detached House
£1,325	03/24	0.15 mi	Rainsford Road,Chelmsford,CM1	2	Flat
£1,295	04/24	0.15 mi	Rainsford Road, Chelmsford, Essex, CM1	2	Flat
£1,495	04/24	0.19 mi	Primrose Hill, CM1	2	Terraced House
£1,400	03/25	0.23 mi	-	2	Terraced House
£1,550	01/25	0.23 mi	-	2	Terraced House
£1,490	01/25	0.23 mi	-	2	Terraced House
£1,495	02/25	0.23 mi	-	2	Terraced House
£1,400	04/24	0.24 mi	South Primrose Hill, Chelmsford	2	Terraced House
£1,250	04/24	0.27 mi	South Primrose Hill, Chelmsford, CM1	2	Flat
£1,250	04/24	0.27 mi	-	2	Flat
£1,500	04/24	0.27 mi	Rainsford Road, CHELMSFORD	2	Flat
£1,450	03/24	0.27 mi	Rainsford Road, Chelmsford	2	Flat
£1,525	03/24	0.27 mi	Rainsford Road, Chelmsford	2	Flat
£1,450	04/24	0.27 mi	Rainsford Road, Chelmsford	2	Flat
£1,600	04/24	0.3 mi	Rolfe Road, Chelmsford, London, CM1	2	Flat
£1,100	04/24	0.3 mi	King Edward Court, Cedar Avenue West, CM1	2	Flat
£1,350	05/24	0.31 mi	Cedar Avenue West, Chelmsford	2	Flat
£1,200	04/24	0.32 mi	-	2	Flat
£1,550	02/24	0.33 mi	-	2	Flat
£1,300	03/25	0.34 mi	-	2	Flat
£1,300	03/25	0.34 mi	-	2	Terraced House
£1,225	04/24	0.34 mi	Broomfield Road, Chelmsford	2	Flat
£1,350	04/24	0.36 mi	West One, 7-13 Rainsford Road, Chelmsford	2	Flat
£1,250	03/24	0.36 mi	Broomfield Road, Chelmsford Essex, CM1 1SW	2	Flat
£1,350	04/24	0.36 mi	Broomfield Road, Chelmsford	2	Flat
£1,300	03/24	0.37 mi	Eastern Crescent, Chelmsford, CM1	2	Flat
£1,295	04/24	0.37 mi	Lesley Court, Rainsford Road, Chelmsford	2	Flat
£1,625	04/24	0.38 mi	Wicks Place, CHELMSFORD	2	Flat
£1,495	04/24	0.38 mi	Wicks Place, CHELMSFORD	2	Flat
£1,565	12/24	0.38 mi	Wicks Place, Chelmsford City Centre	2	Flat
£1,695	12/24	0.38 mi	Wicks Place, Chelmsford City Centre	2	Flat
£1,250	03/24	0.38 mi	Becketts Court, Chelmsford	2	Flat
£2,800	05/24	0.38 mi	-	2	Flat
£1,550	03/25	0.38 mi	-	2	Flat
£2,800	02/25	0.38 mi	-	2	Flat
£2,800	01/25	0.38 mi	-	2	Flat
£2,800	01/25	0.38 mi	-	2	Flat
£1,400	04/24	0.38 mi	Victoria Crescent, Chelmsford	2	Terraced House
£1,400	04/24	0.38 mi	Victoria Crescent, Chelmsford	2	Semi-Detached House
£1,400	04/24	0.38 mi	Victoria Crescent, CITY CENTRE, Chelmsford, CM1 1QF	2	House
£1,400	03/24	0.39 mi	Chester Place, Chelmsford	2	Terraced House
£1,480	04/24	0.4 mi	Glebe Road, CHELMSFORD	2	Terraced House
£1,300	03/25	0.41 mi	-	2	Flat
£1,550	04/24	0.41 mi	Marconi Road, Chelmsford	2	Semi-Detached House
£1,300	04/24	0.42 mi	Steamer Terrace, Chelmsford	2	Terraced House
£2,350	04/25	0.42 mi	-	2	Flat
£2,500	02/25	0.42 mi	-	2	Flat
£1,700	11/23	0.42 mi	Railway Street, Chelmsford	2	Flat
£1,300	01/24	0.43 mi	-	2	Flat

Local Area Statistics

Population in CM1	62,61762,617
Population in Chelmsford	174,693174,693
Town centre distance	0.35 miles away0.35 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.50 miles away0.50 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Price changed to £235,000

February 4, 2025

Listed for £240,000

November 1, 2024

Floor Plans

Description

Two bedroom apartment +
Upper floor +
Communal gardens +
Resident parking +
Garage +
Sought-after location +

Nestled in a desirable location, this upper floor apartment offers a perfect blend of comfort and convenience. Boasting a bright reception room, two well-proportioned bedrooms, and a modern bathroom, this property provides a practical and stylish living space. Residents can enjoy the communal gardens, convenient resident parking, and the added bonus of a garage for extra storage or parking space.

Goodier Road is ideally situated close to local amenities, schools, and transport links, making it a fantastic choice for families or professionals looking for a convenient and peaceful home. Don't miss the opportunity to make this charming property your own. Book a viewing today and experience the comfort and convenience this apartment has to offer.