2 Bed Flat, Single Let, Chelmsford, CM1 6FT, £180,000

Lupin Drive, Chelmsford, CM1 6FT - 5 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~49 m²
+6 photos

ValuationFair Value

Sold Prices£150K - £259K
Sold Prices/m²£2.6K/m² - £4.7K/m²

 

 

Square Metres

~49.24 m²
Price/m²£3.7K/m²

Value Estimate

£180,845

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,600

Rent Estimate

£1,063

Running Costs/mo

£795

Cashflow/mo

£268

Cashflow/yr

£3,215

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £150K to £259K, average is £205K. £2.6K/m² to £4.7K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£203K08/230.02 mi29, Azalea Court, Chelmsford, Essex CM1 6YL2
£210K12/220.07 mi49, Canvey Walk, Chelmsford, Essex CM1 6LB2
£205.7K05/230.08 mi9, Canvey Walk, Chelmsford, Essex CM1 6LB2
£189.5K11/210.08 mi33, Canvey Walk, Chelmsford, Essex CM1 6LB2
£185K07/230.09 mi34, Lupin Drive, Chelmsford, Essex CM1 6FH2
£175K03/210.1 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£180K03/230.1 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£150K06/210.18 mi139, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£186K02/230.18 mi65, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£167K04/210.19 mi48, Petunia Crescent, Chelmsford, Essex CM1 6YP2
£181K07/230.23 mi84, Foxglove Way, Chelmsford, Essex CM1 6QR2
£200K02/210.32 mi394, Springfield Road, Chelmsford, Essex CM2 6AT2
£240K07/210.43 mi367, Springfield Road, Chelmsford, Essex CM2 6AW2
£153K05/210.43 mi15, Clematis Tye, Chelmsford, Essex CM1 6GL2
£173K04/210.43 mi11, Clematis Tye, Chelmsford, Essex CM1 6GL2
£170K02/210.43 mi24, Clematis Tye, Chelmsford, Essex CM1 6GL2
£245K03/230.44 mi290, Springfield Road, Chelmsford, Essex CM2 6BA2
£177K06/210.46 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£185K06/210.51 mi133, Crocus Way, Chelmsford, Essex CM1 6XH2
£248K11/210.51 mi81, Burnell Gate, Chelmsford, Essex CM1 6ED2
£259K02/210.51 mi47, Burnell Gate, Chelmsford, Essex CM1 6ED2
£250K02/230.51 mi85, Burnell Gate, Chelmsford, Essex CM1 6ED2
£235K10/200.57 mi15, Forefield Green, Chelmsford, Essex CM1 6YU2
£205K04/210.61 mi181, Waveney Drive, Chelmsford, Essex CM1 7QD2
£215K06/230.67 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£212.5K04/210.67 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£195K03/230.67 mi63, Tamar Rise, Chelmsford, Essex CM1 7QL2
£202K11/200.71 mi19, Tamar Rise, Chelmsford, Essex CM1 7QL2
£200K03/210.74 mi18, Wavell Close, Springfield, Chelmsford, Essex CM1 6FQ2
£210K10/210.74 mi40, Wavell Close, Springfield, Chelmsford, Essex CM1 6FQ2
£225K12/220.78 mi45, Waveney Drive, Chelmsford, Essex CM1 7PZ2
£161.3K03/210.78 mi25, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£157.5K09/210.78 mi29, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£205K05/210.8 mi9, Blackwater Close, Chelmsford, Essex CM1 7QJ2
£255K07/230.8 mi23, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£255K03/230.8 mi53, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£230K03/230.81 mi2, Tees Road, Chelmsford, Essex CM1 7QH2
£230K07/230.81 mi8, Tees Road, Chelmsford, Essex CM1 7QH2
£210K10/210.83 mi28, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£202.5K03/230.83 mi56, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£240K02/230.84 mi23, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£165K02/210.85 mi42, Bryant Link, Springfield, Chelmsford, Essex CM2 6GZ2
£196.5K03/230.87 mi136, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£198K03/210.87 mi34, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£211K02/210.87 mi42, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£215K01/210.87 mi66, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£219K02/230.87 mi46, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£245K01/210.91 mi78, Chelmer Road, Chelmsford, Essex CM2 6AB2
£225K05/210.92 mi145, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£220K04/210.92 mi147a, Beeleigh Link, Chelmsford, Essex CM2 6PH2

Local Rents

26 rents from £1.1K/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05003/240.06 miLupin Drive, Chelmsford2
£1,10003/240.1 miLupin Drive, Springfield, Chelmsford, CM12
£1,10005/240.1 miLupin Drive, Chelmsford, Cm1, CM12
£1,10005/240.1 mi-2
£1,35003/250.15 mi-2
£1,10003/240.18 miCornflower Drive , Springfield2
£1,10005/240.24 miFoxglove Way, CM12
£1,10005/240.24 miOasis Court, Chelmsford, CM22
£1,20005/240.25 mi-2
£1,20005/240.25 miFoxglove Way, Chelmsford, CM12
£1,20005/240.25 miFoxglove Way, Chelmsford, CM12
£1,60004/240.25 miFalmouth Road, Chelmsford, CM12
£1,25001/250.26 mi-2
£1,05011/230.27 miRembrandt Grove2
£1,15003/240.34 miSpringfield Road, CM22
£1,10003/240.39 miForsythia Close, Springfield2
£1,20003/240.43 miSpringfield Road, CM22
£1,10004/240.45 miViolet Close, Chelmsford, CM12
£1,15011/230.49 miSnowdrop Close, Chelmsford, Essex, CM12
£1,30005/240.49 miSpringfield Road, Chelmsford2
£1,10004/240.5 miCrocus Way, Springfield2
£1,19512/240.5 mi-2
£1,20003/240.51 miBurnell Gate, Beaulieu Park, Chelmsford, CM1 6ED2
£1,20003/240.51 miBurnell Gate, Beaulieu Park, CM12
£1,20003/240.59 miWaveney Drive, Chelmsford, CM12
£1,40003/240.61 miInkerpole Place, Chelmsford2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

1.67 miles away

Nearest school

0.20 miles away

Nearest train station

1.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £180,000

December 26, 2024

Listed for £190,000

November 14, 2024

Floor Plans

Description

  • GUIDE PRICE RANGE £180,000 TO £200,000 +
  • TOP FLOOR APARTMENT - THREE STORY BUILDING +
  • BRIGHT/SPACIOUS LIVING ROOM +
  • SEPARATE KITCHEN +
  • SPACIOUS DOUBLE BEDROOM +
  • FANTASTIC LOFT SPACE +
  • GOOD CONDITION +
  • RESIDENTS PARKING +
  • WELL MAINTAINED COMMUNAL GROUNDS +
  • POPULAR SPRINGFIELD LOCATION +

GUIDE PRICE RANGE £180,000 TO £200,000 LOCATION The property is located in the popular North Springfield area of Chelmsford, and situated within walking distance of local shops and pubs, as well as Sainsbury and Aldi supermarkets. The City Centre is around a 25 minute walk from the property which also has good access to bus routes and the A12. OVERVIEW OF ACCOMMODATION This bright and spacious top floor apartment is such a welcoming property, and the living room's large floor-to-ceiling picture window delivers an abundance of natural light, providing a tangible feelgood factor. Off the living room is a good size separate kitchen with integrated hob and oven and recess space for an American fridge freezer. Included in the kitchen are eye and base level cupboards and plumbing and space for a washing machine. The work surface and sink areas are supported by part splash-back tiling. In addition to the living room, the hallway entrance provides access to the two bedrooms, family bathroom, storage cupboard and partially boarded loft with drop down ladder. The main double bedroom is spacious with ample room for large wardrobes and just like the living room, benefits from a superb picture window. The second bedroom is also a good size single bedroom with views of the communal gardens. The family bathroom consists of bath, electric shower attachment, WC and vanity wash basin.    An important bonus feature of this top floor apartment is the ample loft space and the wonderful amount of storage space it offers. A valuable and unique apartment feature.   LEASE 90 years remaining Annual maintenance charge £1,350 Annual Ground Rent - £150  **LOOKING FOR A RENTAL INVESTMENT? ** We think that this property would make a great buy to let purchase so please ask us for a rental estimate. Did you know that we can even GUARANTEE your rent? Just ask for further details.

DISCLAIMER

With approximate measurements these particulars have been prepared in good faith by the selling agent in conjunction with the vendor(s) with the intention of providing a fair and accurate guide to the property. However, they do not constitute or form part of an offer or contract nor may they be regarded as representations, all interested parties must themselves verify their accuracy. No tests or checks have been carried out in respect of heating, plumbing, electric installations or any type of appliances which may be included.

Agent Details

Charles David Casson, Chelmsford

01245 945177

Next Steps?

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