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

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

Sold STC
Leasehold
Auction
Negative Equity
ROI: 7%
52 m²
+6 photos

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
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£49,375

Stamp Duty & Legal Fees

£7,125

Total Cash In

£56,500

 

 

Cash Out

 

Rent Range

£1,100 - £2,800

Rent Estimate

£1,213

Running Costs/mo

£880

Cashflow/mo

£333

Cashflow/yr

£3,999

ROI

7%

Gross Yield

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.

PriceDateDistanceAddressBeds 
£212K11/200 mi73, Goodier Road, Chelmsford, Essex CM1 2GG2
£232.5K06/210 mi18, Goodier Road, Chelmsford, Essex CM1 2GG2
£233K12/210 mi41, Goodier Road, Chelmsford, Essex CM1 2GG2
£220K02/210 mi24, Goodier Road, Chelmsford, Essex CM1 2GG2
£248K04/230 mi20, Goodier Road, Chelmsford, Essex CM1 2GG2
£180K05/230.23 mi131, Kings Road, Chelmsford, Essex CM1 2BD2
£172K11/200.27 mi168, Kings Road, Chelmsford, Essex CM1 2BE2
£205.5K09/210.3 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£218K03/210.34 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£220K12/220.37 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£253K02/210.39 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£282.5K11/210.41 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£80.8K03/210.43 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£85K06/210.49 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£285K04/210.6 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£215K01/230.61 mi20, Murchison Close, Chelmsford, Essex CM1 2ER2
£200K10/200.61 mi3, Canberra Close, Chelmsford, Essex CM1 2EF2
£310K05/230.66 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.66 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.66 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£205K04/210.7 mi16, Medway Close, Chelmsford, Essex CM1 2LH2
£325K01/230.71 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£200K09/210.74 mi85, Melbourne Avenue, Chelmsford, Essex CM1 2DR2
£225K02/230.76 mi50, Wickham Crescent, Chelmsford, Essex CM1 4WD2
£192.5K03/210.76 mi62, Wickham Crescent, Chelmsford, Essex CM1 4WD2
£275K03/210.78 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£280K09/210.79 mi3, County Place, Chelmsford, Essex CM2 0RF2
£222.5K06/210.81 mi41, Thames Avenue, Chelmsford, Essex CM1 2LN2
£232K05/210.81 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£385K06/230.81 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£232K05/210.81 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.81 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£215K01/230.82 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£223K11/210.82 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£210K07/230.82 mi36, Avon Road, Chelmsford, Essex CM1 2JZ2
£307.5K07/230.86 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£215K04/210.87 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.87 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£260K01/210.88 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£184K12/200.89 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£207.5K05/230.89 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£195K03/210.89 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.9 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£225K10/210.91 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.91 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£265K08/210.92 mi34, Kelvedon Close, Chelmsford, Essex CM1 4DG2
£230K08/210.92 mi12, Kelvedon Close, Chelmsford, Essex CM1 4DG2
£260.5K12/200.92 mi40, Kelvedon Close, Chelmsford, Essex CM1 4DG2
£225K10/210.93 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.93 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2

Local Rents

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

RentDateDistanceAddressBeds 
£1,55003/240.08 miRidgewell Avenue, Chelmsford, CM12
£1,29504/240.1 miRainsford Road, Chelmsford, Essex, CM12
£1,32503/240.11 miRainsford Road,Chelmsford,CM12
£1,49504/240.14 miPrimrose Hill, CM12
£1,40003/250.18 mi-2
£1,55001/250.18 mi-2
£1,49001/250.18 mi-2
£1,49502/250.18 mi-2
£1,40004/240.19 miSouth Primrose Hill, Chelmsford2
£1,25004/240.22 miSouth Primrose Hill, Chelmsford, CM12
£1,25004/240.22 mi-2
£1,50004/240.23 miRainsford Road, CHELMSFORD2
£1,45003/240.23 miRainsford Road, Chelmsford2
£1,52503/240.23 miRainsford Road, Chelmsford2
£1,45004/240.23 miRainsford Road, Chelmsford2
£1,20004/240.27 mi-2
£1,10004/240.28 miKing Edward Court, Cedar Avenue West, CM12
£1,35005/240.28 miCedar Avenue West, Chelmsford2
£1,35004/240.32 miWest One, 7-13 Rainsford Road, Chelmsford2
£1,55002/240.32 mi-2
£1,29504/240.33 miLesley Court, Rainsford Road, Chelmsford2
£1,22504/240.33 miBroomfield Road, Chelmsford2
£1,30003/250.33 mi-2
£1,62504/240.33 miWicks Place, CHELMSFORD2
£1,49504/240.33 miWicks Place, CHELMSFORD2
£1,56512/240.33 miWicks Place, Chelmsford City Centre2
£1,69512/240.33 miWicks Place, Chelmsford City Centre2
£2,80005/240.34 mi-2
£2,80002/250.34 mi-2
£2,80001/250.34 mi-2
£2,80001/250.34 mi-2
£1,25003/240.34 miBroomfield Road, Chelmsford Essex, CM1 1SW2
£1,35004/240.34 miBroomfield Road, Chelmsford2
£1,60004/240.34 miRolfe Road, Chelmsford, London, CM12
£1,25003/240.35 miBecketts Court, Chelmsford2
£1,40004/240.37 miVictoria Crescent, Chelmsford2
£1,40004/240.37 miVictoria Crescent, Chelmsford2
£1,40004/240.37 miVictoria Crescent, CITY CENTRE, Chelmsford, CM1 1QF2
£1,30003/250.37 mi-2
£2,50002/250.37 mi-2
£2,75003/250.37 mi-2
£1,30001/240.38 mi-2
£1,48004/240.38 miGlebe Road, CHELMSFORD2
£1,30003/250.38 mi-2
£1,30004/240.39 miSteamer Terrace, Chelmsford2
£1,70011/230.39 miRailway Street, Chelmsford2
£1,55004/240.4 miMarconi Road, Chelmsford2
£1,50005/240.41 miWells Crescent, Chelmsford2
£1,30003/240.42 miEastern Crescent, Chelmsford, CM12
£1,29504/240.42 miTownfield Street, City Centre2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.31 miles away

Nearest school

0.10 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £197,500

-6%

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.

Agent Details

National Residential, Nationwide

01244 565390

Next Steps?

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