2 Bed Flat, Potential PLO/LOA, Chelmsford, CM1 2GG, £197,500





ValuationUndervalued
Sold Prices | £80.8K - £385K |
Sold Prices/m² | £2.7K/m² - £5.4K/m² |
| |
Square Metres | 52 m² |
Price/m² | £3.8K/m² |
Value Estimate | £206,540£206,540 |
BMV | 5% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £49,375£49,375 |
Stamp Duty & Legal Fees | £7,125£7,125 |
Total Cash In | £56,500£56,500 |
| |
Cash Out | |
Rent Range | £1,100 - £2,800£1,100 - £2,800 |
Rent Estimate | £1,213 |
Running Costs/mo | £880£880 |
Cashflow/mo | £333£333 |
Cashflow/yr | £3,999£3,999 |
ROI | 7%7% |
Gross Yield | 7%7% |
Local Sold Prices
50 sold prices from £80.8K to £385K, average is £222.8K. £2.7K/m² to £5.4K/m², average is £4K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£212K | 11/20 | 0 mi | 73, Goodier Road, Chelmsford, Essex CM1 2GG | £4,240 | 50 | 2 | Flat | |
£232.5K | 06/21 | 0 mi | 18, Goodier Road, Chelmsford, Essex CM1 2GG | £4,688 | 50 | 2 | Flat | |
£233K | 12/21 | 0 mi | 41, Goodier Road, Chelmsford, Essex CM1 2GG | £3,426 | 68 | 2 | Flat | |
£220K | 02/21 | 0 mi | 24, Goodier Road, Chelmsford, Essex CM1 2GG | £4,314 | 51 | 2 | Flat | |
£248K | 04/23 | 0 mi | 20, Goodier Road, Chelmsford, Essex CM1 2GG | £4,679 | 53 | 2 | Flat | |
£180K | 05/23 | 0.23 mi | 131, Kings Road, Chelmsford, Essex CM1 2BD | £4,286 | 42 | 2 | Flat | |
£172K | 11/20 | 0.27 mi | 168, Kings Road, Chelmsford, Essex CM1 2BE | £4,095 | 42 | 2 | Flat | |
£205.5K | 09/21 | 0.3 mi | Flat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ | - | - | 2 | Flat | |
£218K | 03/21 | 0.34 mi | 24, Rainsford Lane, Chelmsford, Essex CM1 2QR | £3,701 | 59 | 2 | Flat | |
£220K | 12/22 | 0.37 mi | 18, Coval Lane, Chelmsford, Essex CM1 1TD | £3,667 | 60 | 2 | Flat | |
£253K | 02/21 | 0.39 mi | 42, Railway Street, Chelmsford, Essex CM1 1QS | £3,485 | 73 | 2 | Flat | |
£282.5K | 11/21 | 0.41 mi | 4, Alma Drive, Chelmsford, Essex CM1 1TW | £3,924 | 72 | 2 | Flat | |
£80.8K | 03/21 | 0.43 mi | Flat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR | - | - | 2 | Flat | |
£85K | 06/21 | 0.49 mi | Flat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW | - | - | 2 | Flat | |
£285K | 04/21 | 0.6 mi | 102, Watson Heights, Chelmsford, Essex CM1 1AF | £3,958 | 72 | 2 | Flat | |
£215K | 01/23 | 0.61 mi | 20, Murchison Close, Chelmsford, Essex CM1 2ER | £4,135 | 52 | 2 | Flat | |
£200K | 10/20 | 0.61 mi | 3, Canberra Close, Chelmsford, Essex CM1 2EF | £2,667 | 75 | 2 | Flat | |
£310K | 05/23 | 0.66 mi | Flat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW | - | - | 2 | Flat | |
£320K | 07/23 | 0.66 mi | Flat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW | - | - | 2 | Flat | |
£313K | 06/21 | 0.66 mi | Flat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW | - | - | 2 | Flat | |
£205K | 04/21 | 0.7 mi | 16, Medway Close, Chelmsford, Essex CM1 2LH | - | - | 2 | Flat | |
£325K | 01/23 | 0.71 mi | Flat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW | - | - | 2 | Flat | |
£200K | 09/21 | 0.74 mi | 85, Melbourne Avenue, Chelmsford, Essex CM1 2DR | - | - | 2 | Flat | |
£225K | 02/23 | 0.76 mi | 50, Wickham Crescent, Chelmsford, Essex CM1 4WD | £4,245 | 53 | 2 | Flat | |
£192.5K | 03/21 | 0.76 mi | 62, Wickham Crescent, Chelmsford, Essex CM1 4WD | £3,775 | 51 | 2 | Flat | |
£275K | 03/21 | 0.78 mi | 34, Hayes Close, Chelmsford, Essex CM2 0RN | £3,986 | 69 | 2 | Flat | |
£280K | 09/21 | 0.79 mi | 3, County Place, Chelmsford, Essex CM2 0RF | £4,590 | 61 | 2 | Flat | |
£222.5K | 06/21 | 0.81 mi | 41, Thames Avenue, Chelmsford, Essex CM1 2LN | £3,375 | 66 | 2 | Flat | |
£232K | 05/21 | 0.81 mi | 82, Stapleford Close, Chelmsford, Essex CM2 0QX | £4,640 | 50 | 2 | Flat | |
£385K | 06/23 | 0.81 mi | 89, Bond Street, Chelmsford, Essex CM1 1GD | - | - | 2 | Flat | |
£232K | 05/21 | 0.81 mi | 82, Stapleford Close, Chelmsford, Essex CM2 0QX | £4,640 | 50 | 2 | Flat | |
£250K | 06/21 | 0.81 mi | 98, Stapleford Close, Chelmsford, Essex CM2 0QX | £4,717 | 53 | 2 | Flat | |
£215K | 01/23 | 0.82 mi | 47, Stapleford Close, Chelmsford, Essex CM2 0RB | £4,135 | 52 | 2 | Flat | |
£223K | 11/21 | 0.82 mi | 38, Stapleford Close, Chelmsford, Essex CM2 0RB | £4,288 | 52 | 2 | Flat | |
£210K | 07/23 | 0.82 mi | 36, Avon Road, Chelmsford, Essex CM1 2JZ | £3,199 | 66 | 2 | Flat | |
£307.5K | 07/23 | 0.86 mi | 30, Bradford Street, Chelmsford, Essex CM2 0FJ | £4,212 | 73 | 2 | Flat | |
£215K | 04/21 | 0.87 mi | 39, Haig Court, Chelmsford, Essex CM2 0BH | £3,413 | 63 | 2 | Flat | |
£195K | 03/23 | 0.87 mi | 8, Haig Court, Chelmsford, Essex CM2 0BH | £3,545 | 55 | 2 | Flat | |
£260K | 01/21 | 0.88 mi | 39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ | £4,127 | 63 | 2 | Flat | |
£184K | 12/20 | 0.89 mi | 108, Crompton Street, Chelmsford, Essex CM1 3GP | £3,286 | 56 | 2 | Flat | |
£207.5K | 05/23 | 0.89 mi | 66, Haig Court, Chelmsford, Essex CM2 0BJ | £3,705 | 56 | 2 | Flat | |
£195K | 03/21 | 0.89 mi | 74, Parkinson Drive, Chelmsford, Essex CM1 3GH | £3,679 | 53 | 2 | Flat | |
£195K | 01/23 | 0.9 mi | 72, Parkinson Drive, Chelmsford, Essex CM1 3GH | £3,482 | 56 | 2 | Flat | |
£225K | 10/21 | 0.91 mi | 193, Rookes Crescent, Chelmsford, Essex CM1 3GN | £5,357 | 42 | 2 | Flat | |
£218K | 04/21 | 0.91 mi | 187, Rookes Crescent, Chelmsford, Essex CM1 3GN | £3,105 | 70 | 2 | Flat | |
£265K | 08/21 | 0.92 mi | 34, Kelvedon Close, Chelmsford, Essex CM1 4DG | £4,274 | 62 | 2 | Flat | |
£230K | 08/21 | 0.92 mi | 12, Kelvedon Close, Chelmsford, Essex CM1 4DG | £3,770 | 61 | 2 | Flat | |
£260.5K | 12/20 | 0.92 mi | 40, Kelvedon Close, Chelmsford, Essex CM1 4DG | £4,270 | 61 | 2 | Flat | |
£225K | 10/21 | 0.93 mi | 20, Parkinson Drive, Chelmsford, Essex CM1 3GH | £3,814 | 59 | 2 | Flat | |
£215K | 04/21 | 0.93 mi | 58, Parkinson Drive, Chelmsford, Essex CM1 3GH | £3,909 | 55 | 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 | 0.08 mi | Ridgewell Avenue, Chelmsford, CM1 | 2 | Detached House | |
£1,295 | 04/24 | 0.1 mi | Rainsford Road, Chelmsford, Essex, CM1 | 2 | Flat | |
£1,325 | 03/24 | 0.11 mi | Rainsford Road,Chelmsford,CM1 | 2 | Flat | |
£1,495 | 04/24 | 0.14 mi | Primrose Hill, CM1 | 2 | Terraced House | |
£1,400 | 03/25 | 0.18 mi | - | 2 | Terraced House | |
£1,550 | 01/25 | 0.18 mi | - | 2 | Terraced House | |
£1,490 | 01/25 | 0.18 mi | - | 2 | Terraced House | |
£1,495 | 02/25 | 0.18 mi | - | 2 | Terraced House | |
£1,400 | 04/24 | 0.19 mi | South Primrose Hill, Chelmsford | 2 | Terraced House | |
£1,250 | 04/24 | 0.22 mi | South Primrose Hill, Chelmsford, CM1 | 2 | Flat | |
£1,250 | 04/24 | 0.22 mi | - | 2 | Flat | |
£1,500 | 04/24 | 0.23 mi | Rainsford Road, CHELMSFORD | 2 | Flat | |
£1,450 | 03/24 | 0.23 mi | Rainsford Road, Chelmsford | 2 | Flat | |
£1,525 | 03/24 | 0.23 mi | Rainsford Road, Chelmsford | 2 | Flat | |
£1,450 | 04/24 | 0.23 mi | Rainsford Road, Chelmsford | 2 | Flat | |
£1,200 | 04/24 | 0.27 mi | - | 2 | Flat | |
£1,100 | 04/24 | 0.28 mi | King Edward Court, Cedar Avenue West, CM1 | 2 | Flat | |
£1,350 | 05/24 | 0.28 mi | Cedar Avenue West, Chelmsford | 2 | Flat | |
£1,350 | 04/24 | 0.32 mi | West One, 7-13 Rainsford Road, Chelmsford | 2 | Flat | |
£1,550 | 02/24 | 0.32 mi | - | 2 | Flat | |
£1,295 | 04/24 | 0.33 mi | Lesley Court, Rainsford Road, Chelmsford | 2 | Flat | |
£1,225 | 04/24 | 0.33 mi | Broomfield Road, Chelmsford | 2 | Flat | |
£1,300 | 03/25 | 0.33 mi | - | 2 | Flat | |
£1,625 | 04/24 | 0.33 mi | Wicks Place, CHELMSFORD | 2 | Flat | |
£1,495 | 04/24 | 0.33 mi | Wicks Place, CHELMSFORD | 2 | Flat | |
£1,565 | 12/24 | 0.33 mi | Wicks Place, Chelmsford City Centre | 2 | Flat | |
£1,695 | 12/24 | 0.33 mi | Wicks Place, Chelmsford City Centre | 2 | Flat | |
£2,800 | 05/24 | 0.34 mi | - | 2 | Flat | |
£2,800 | 02/25 | 0.34 mi | - | 2 | Flat | |
£2,800 | 01/25 | 0.34 mi | - | 2 | Flat | |
£2,800 | 01/25 | 0.34 mi | - | 2 | Flat | |
£1,250 | 03/24 | 0.34 mi | Broomfield Road, Chelmsford Essex, CM1 1SW | 2 | Flat | |
£1,350 | 04/24 | 0.34 mi | Broomfield Road, Chelmsford | 2 | Flat | |
£1,600 | 04/24 | 0.34 mi | Rolfe Road, Chelmsford, London, CM1 | 2 | Flat | |
£1,250 | 03/24 | 0.35 mi | Becketts Court, Chelmsford | 2 | Flat | |
£1,400 | 04/24 | 0.37 mi | Victoria Crescent, Chelmsford | 2 | Terraced House | |
£1,400 | 04/24 | 0.37 mi | Victoria Crescent, Chelmsford | 2 | Semi-Detached House | |
£1,400 | 04/24 | 0.37 mi | Victoria Crescent, CITY CENTRE, Chelmsford, CM1 1QF | 2 | House | |
£1,300 | 03/25 | 0.37 mi | - | 2 | Flat | |
£2,500 | 02/25 | 0.37 mi | - | 2 | Flat | |
£2,750 | 03/25 | 0.37 mi | - | 2 | Flat | |
£1,300 | 01/24 | 0.38 mi | - | 2 | Flat | |
£1,480 | 04/24 | 0.38 mi | Glebe Road, CHELMSFORD | 2 | Terraced House | |
£1,300 | 03/25 | 0.38 mi | - | 2 | Terraced House | |
£1,300 | 04/24 | 0.39 mi | Steamer Terrace, Chelmsford | 2 | Terraced House | |
£1,700 | 11/23 | 0.39 mi | Railway Street, Chelmsford | 2 | Flat | |
£1,550 | 04/24 | 0.4 mi | Marconi Road, Chelmsford | 2 | Semi-Detached House | |
£1,500 | 05/24 | 0.41 mi | Wells Crescent, Chelmsford | 2 | Flat | |
£1,300 | 03/24 | 0.42 mi | Eastern Crescent, Chelmsford, CM1 | 2 | Flat | |
£1,295 | 04/24 | 0.42 mi | Townfield Street, City Centre | 2 | Terraced House |
Local Area Statistics
Population in CM1 | 62,61762,617 |
Population in Chelmsford | 174,693174,693 |
Town centre distance | 0.31 miles away0.31 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.46 miles away0.46 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
Listed for £197,500
November 7, 2024
Sold for £210,000
2006
Floor Plans

Description
- 2-Bedroom First Floor Flat +
- Sought After Location +
- Walking Distance To Town Centre & Station +
- Allocated Parking +
- Communal Gardens +
- Juliet Balcony +
- Close To Local Amenities And Transport Links +
- Excellent Investment Opportunity Or First Time Buy +
National Residential are pleased to offer this beautifully maintained and spacious 2-Bedroom First Floor Flat, ideally located just minutes from Chelmsford's mainline railway station and city centre amenities. This well-presented property is perfect for buyers or investors looking for a central yet peaceful setting with exclusive amenities.
Leasehold Details
* Lease Term: 125 years from January 1, 2006 - 107 years remaining
* Ground Rent: £487.48 per annum
* Service Charge & Estate Service Charge: Approx. £2,338.04 per annum
* Council Tax Band: C
Property Features
This modern flat is thoughtfully designed, featuring bright, welcoming interiors and excellent storage space throughout:
* Hallway: Spacious entry with convenient storage space.
* Lounge/Diner (13' 11" x 15' 9") - Bright and airy, with a Juliet balcony that enhances the natural light.
* Kitchen (7' 3" x 8' 10") - Well-equipped with contemporary fittings and plenty of counter space.
* Bedroom One (10' 6" x 11' 5") - A spacious main bedroom, offering a comfortable retreat.
* Bedroom Two (10' 8" x 7' 7") - Generously sized second bedroom with versatility.
* Bathroom (7' 3" x 6' 7") - Modern three-piece suite.
External: Residents benefit from an allocated parking space and access to an exclusive, tranquil garden area, securely entered via a coded gate, providing a private outdoor space reserved solely for residents.
Prime Chelmsford Location
Perfectly positioned, this property offers easy access to the best of Chelmsford, including the vibrant city centre and mainline station:
* Dining & Nightlife: Enjoy a lively dining scene with a mix of family-run and international restaurants, along with a great selection of bars for a night out.
* Shopping & Entertainment: Discover a wide array of shops along the High Street, designer outlets in Bond Street, and a choice of two theatres and cinemas nearby.
* Sports & Leisure: Chelmsford is home to a variety of sports clubs and facilities, including Riverside Ice & Leisure Centre and Essex County Cricket Club, plus numerous gyms, golf courses, and sports centres.
* Educational Excellence: Chelmsford is well-regarded for its educational institutions, including two highly-ranked grammar schools, Writtle Agricultural College, Anglia Ruskin University, and a range of private schools.
* Parks & Green Spaces: Spend your leisure time in scenic parks like Admirals Park, with a lovely riverside path leading into the city.
Commuting Convenience
Chelmsford's mainline station provides fast and direct service to London Liverpool Street in as little as 32 minutes, making it a perfect location for commuters.
Viewing Information
Take a closer look by watching our online video tour. Viewings are highly recommended to fully appreciate this fantastic property and its location.
Contact Us
For more details or to arrange a viewing, contact our dedicated specialist sales advisor today. Whether you're searching for a new home or a sound investment, this property has all the potential you need - schedule your viewing today!
This property is ONLY available for purchasers who are NOT in a chain.
1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.
*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.