3 Bed Semi-Detached House, Single Let, Chelmsford, CM1 1TG, £350,000

Coval Lane, Chelmsford, CM1 1TG - 4 views - 6 months ago

Sold STC
BTL
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£273.3K - £925K
Sold Prices/m²£2.5K/m² - £6.1K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£428,866
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£1,350 - £3,500

Rent Estimate

£1,375

Running Costs/mo

£1,389

Cashflow/mo

£-14

Cashflow/yr

£-165

Gross Yield

5%

Local Sold Prices

50 sold prices from £273.3K to £925K, average is £387.5K. £2.5K/m² to £6.1K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£340K11/210.1 mi95, Coval Lane, Chelmsford, Essex CM1 1TQ3
£315K02/210.13 mi28, Cramphorn Walk, Chelmsford, Essex CM1 2RD3
£312.5K04/210.18 mi40, Cramphorn Walk, Chelmsford, Essex CM1 2RE3
£390K10/200.24 mi39, Primrose Hill, Chelmsford, Essex CM1 2RH3
£460K01/230.24 mi57, South Primrose Hill, Chelmsford, Essex CM1 2RF3
£650K07/230.29 mi26, Cedar Avenue West, Chelmsford, Essex CM1 2XA3
£925K07/230.3 mi30, Rainsford Avenue, Chelmsford, Essex CM1 2PJ3
£427K04/210.32 mi6, Falcons Mead, Chelmsford, Essex CM2 0NN3
£405K12/200.35 mi11, Beeches Road, Chelmsford, Essex CM1 2RS3
£273.3K02/230.36 mi29, Ashtree Crescent, Chelmsford, Essex CM1 2RP3
£305K12/200.36 mi2, Ashtree Crescent, Chelmsford, Essex CM1 2RP3
£310K11/200.36 mi4, Beeches Road, Chelmsford, Essex CM1 2RS3
£525K02/210.37 mi4, Maltese Road, Chelmsford, Essex CM1 2PA3
£312.5K11/210.38 mi10, Hart Street, Chelmsford, Essex CM2 0RY3
£332K03/210.38 mi51, Baker Street, Chelmsford, Essex CM2 0SA3
£378.5K09/210.39 mi86, Marconi Road, Chelmsford, Essex CM1 1QE3
£370K04/230.39 mi49, Lower Anchor Street, Chelmsford, Essex CM2 0AT3
£350K12/200.39 mi12, Victoria Crescent, Chelmsford, Essex CM1 1QF3
£447.5K06/210.4 mi36, Beeches Crescent, Chelmsford, Essex CM1 2FU3
£407K06/210.41 mi19, Riddiford Drive, Chelmsford, Essex CM1 2GB3
£293K05/210.43 mi97, Lower Anchor Street, Chelmsford, Essex CM2 0AU3
£380K08/230.43 mi101, Bishop Road, Chelmsford, Essex CM1 1QA3
£430K01/230.43 mi95, Bishop Road, Chelmsford, Essex CM1 1QA3
£425K11/220.44 mi5, Bradford Street, Chelmsford, Essex CM2 0BG3
£404K07/230.45 mi9, Bradford Street, Chelmsford, Essex CM2 0BG3
£380K08/210.46 mi8, Park Avenue, Chelmsford, Essex CM1 2AA3
£500K12/200.46 mi2, Park Avenue, Chelmsford, Essex CM1 2AA3
£450K06/230.47 mi163, Upper Bridge Road, Chelmsford, Essex CM2 0BB3
£385K03/230.48 mi28, Ridgewell Avenue, Chelmsford, Essex CM1 2GA3
£350K03/230.49 mi55, Bishop Road, Chelmsford, Essex CM1 1PY3
£297K04/210.49 mi49, Bishop Road, Chelmsford, Essex CM1 1PY3
£405K12/200.51 mi8, Ashford Road, Chelmsford, Essex CM1 2ST3
£373K10/210.51 mi18, Henry Road, Chelmsford, Essex CM1 1RG3
£400K01/210.52 mi94, Swiss Avenue, Chelmsford, Essex CM1 2AF3
£535K12/220.52 mi125, Swiss Avenue, Chelmsford, Essex CM1 2AF3
£383K09/210.54 mi96, Rectory Lane, Chelmsford, Essex CM1 1RF3
£515K02/230.54 mi2, Ravensbourne Drive, Chelmsford, Essex CM1 2SJ3
£335K11/200.55 mi6, Kirklees, Chelmsford, Essex CM1 2AG3
£400K12/220.55 mi9, Henry Road, Chelmsford, Essex CM1 1RG3
£377K11/210.55 mi8, Warwick Square, Chelmsford, Essex CM1 2AJ3
£427.5K03/210.57 mi29, Dane Road, Chelmsford, Essex CM1 2SS3
£480K01/230.59 mi28, Henry Road, Chelmsford, Essex CM1 1RG3
£575K12/220.59 mi2a, Southborough Road, Chelmsford, Essex CM2 0AQ3
£445K03/230.6 mi77, Ravensbourne Drive, Chelmsford, Essex CM1 2SL3
£427.5K05/230.6 mi94, Upper Bridge Road, Chelmsford, Essex CM2 0BA3
£475K12/220.6 mi86, Upper Bridge Road, Chelmsford, Essex CM2 0BA3
£365K11/210.6 mi33, Dixon Avenue, Chelmsford, Essex CM1 2AQ3
£370K05/230.6 mi27, Dixon Avenue, Chelmsford, Essex CM1 2AQ3
£355K05/210.61 mi50, Corporation Road, Chelmsford, Essex CM1 2AR3
£316K07/230.61 mi7, Orchard Street, Chelmsford, Essex CM2 0HD3

Local Rents

43 rents from £1.4K/mo to £3.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,80004/240 miCoval Lane, Chelmsford3
£1,80004/240.03 mi-3
£1,80004/240.03 miCoval Lane, Chelmsford, CM13
£1,80004/240.03 miCoval Lane3
£1,55002/250.08 mi-3
£1,90002/240.12 mi-3
£1,70012/240.17 mi-3
£1,59504/250.17 mi-3
£2,30004/240.17 mi104 Marconi Plaza, Chelmsford, Essex, CM13
£1,60005/240.23 miBroomfield Road, Chelmsford, CM13
£1,75003/240.25 miCannon Mews, CHELMSFORD3
£1,70004/240.36 mi'The Hylands', Rainsford Road, CITY CENTRE, Chelmsford, CM1 2PD3
£1,75003/240.39 miVictoria Crescent, CHELMSFORD3
£1,55004/240.39 miVictoria Crescent, CITY CENTRE, Chelmsford, CM1 1QF3
£1,75003/250.4 mi-3
£1,55003/250.4 mi-3
£1,35003/240.4 miHayes Close, Chelmsford, CM23
£1,55004/240.41 miUpper Bridge Road, Chelmsford, CM23
£1,55004/240.41 mi-3
£1,65002/250.47 mi-3
£1,60003/250.48 mi-3
£2,35004/250.48 mi-3
£1,55003/240.49 miElms Drive, Chelmsford3
£1,55004/240.49 miElms Drive, Chelmsford3
£3,50004/250.49 mi-3
£1,50004/240.51 miRectory Lane3
£1,90004/240.53 miVictoria Court, New Street, CM13
£1,90012/240.54 mi-3
£1,60003/240.54 miRectory Lane, Chelmsford3
£1,57504/240.54 miBishop Road, Chelmsford, Essex3
£1,75003/240.55 miHenry Road, Chelmsford, CM13
£1,40004/240.55 miHenry Road, Chelmsford, CM13
£1,50004/240.55 miHenry Road, Chelmsford, CM13
£1,50004/240.55 miHenry Road, Chelmsford, CM13
£1,40005/240.55 miHenry Road, Chelmsford, CM13
£1,40005/240.55 miHenry Road, Chelmsford, CM13
£1,40012/240.55 miHenry Road, Chelmsford, CM13
£1,75004/250.55 mi-3
£2,85004/250.56 mi-3
£1,80003/240.58 miGrove Road, Chelmsford3
£1,75005/240.59 miParkinson Drive, Chelmsford, CM1 3GU3
£1,69505/240.59 miRedcliffe Road, CHELMSFORD3
£1,69512/240.59 miRedcliffe Road, CHELMSFORD3

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.17 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £350,000

November 7, 2024

Floor Plans

Description

  • CLOSE TO CITY CENTRE +
  • SEMI DETACHED +
  • THREE FIRST FLOOR BEDROOMS +
  • LOUNGE AND DINING ROOM +
  • KITCHEN +
  • FIRST FLOOR BATHROOM +
  • DOUBLE GLAZED WINDOWS +
  • GAS CENTRAL HEATING +
  • VACANT +
  • POTENTIAL FOR OFF ROAD PARKING. +

Available for sale with no onward chain is this semi detached three bedroom family home located within striking distance of Chelmsford City Centre and mainline railway station. Internally, there are two large open plan reception areas in addition to the kitchen on the ground floor, whilst to the first floor are three good size bedrooms and of course the bathroom. There are gardens to both front and rear.

Door leading to

ENTRANCE HALL
Stairs rise to first floor, storage cupboard beneath, radiator.

LOUNGE 3.89m (12'9") x 3.12m (10'3")
Double glazed window to front, fireplace surround, radiator, open plan to

DINING ROOM 4.80m (15'9") x 3.28m (10'9")
Double glazed window to rear, fireplace surround, radiator, door leading to

KITCHEN 3.86m (12'8") x 2.44m (8'0")> 5'1
Wall and base level units with square edge worktops, single bowl stainless steel sink unit, tiling to walls, recesses for white goods, boiler cupboard, double glazed window to rear and side with adjacent door.

LANDING
Loft access, doors to

BEDROOM ONE 3.61m (11'10") x 3.56m (11'8")
Two double glazed windows to front, built in storage cupboard, built in wardrobes, radiator.

BEDROOM TWO 3.96m (13'0") x 3.61m (11'10")
Double glazed window to rear, radiator, cupboard.

BEDROOM THREE 2.44m (8'0") x 2.26m (7'5")
Double glazed window to rear, radiator.

BATHROOM
Three piece suite with bath with mixer taps and shower attachment, wash hand basin and low level W.C, partly tiled walls, radiator, double glazed obscure window.

OUTSIDE
The rear garden is majority laid to lawn, fenced to boundaries, greenhouse, outside W.C. To the front of the property there is a small laid to lawn area with brick retaining wall.

Please be aware that should you be successful in having an offer accepted through Adrians, we are legally required by the HMRC to conduct AML (Anti-Money Laundering) Checks for compliance efforts. For this there is a non-refundable charge of £20.00 including VAT per person which will be invoice receipted for your records.

Agent Details

Adrians, Chelmsford

01245 945751

Next Steps?

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