2 Bed Flat, Single Let, Chelmsford, CM2 6RD, £225,000

11 Duke Street, Chelmsford, Essex, CM1 1HL - 5 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£80.8K - £385K
Sold Prices/m²£3.1K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£267,102
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£1,195 - £2,050

Rent Estimate

£1,196

Running Costs/mo

£962

Cashflow/mo

£234

Cashflow/yr

£2,804

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £220K. £3.1K/m² to £5.2K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£215K02/230.01 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£160K12/200.2 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£220K12/200.22 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£260K02/230.3 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£242.5K11/210.3 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£254K11/210.31 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£270K11/200.35 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£320K06/230.36 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£385K06/230.36 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£285K04/210.46 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£300K03/210.48 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£252.5K02/210.48 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£245K01/210.55 mi78, Chelmer Road, Chelmsford, Essex CM2 6AB2
£190K05/210.56 mi42, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£188K01/210.56 mi30, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£245K02/210.64 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.64 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£275K10/200.65 mi5, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£255K07/230.65 mi23, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£255K03/230.65 mi53, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£196.5K03/230.67 mi136, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£198K03/210.67 mi34, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£211K02/210.67 mi42, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£215K01/210.67 mi66, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£219K02/230.67 mi46, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£85K06/210.67 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£195K08/210.67 miFlat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£190K03/210.67 miFlat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£232.5K07/230.67 miFlat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£280K09/210.68 mi3, County Place, Chelmsford, Essex CM2 0RF2
£240K07/210.69 mi367, Springfield Road, Chelmsford, Essex CM2 6AW2
£177K06/210.69 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£205K12/200.69 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£210K12/200.69 mi27, Fawkner Close, Chelmsford, Essex CM2 6UP2
£242.5K06/230.69 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£245K03/230.69 mi290, Springfield Road, Chelmsford, Essex CM2 6BA2
£253K02/210.7 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£210K10/210.72 mi28, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£202.5K03/230.72 mi56, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£80.8K03/210.72 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£215K03/230.73 mi172, Baddow Road, Chelmsford, Essex CM2 9QW2
£240K02/230.74 mi23, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£225K05/210.75 mi145, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£220K04/210.75 mi147a, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£275K03/210.77 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£205.5K09/210.78 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£140K07/210.79 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£217K05/210.8 mi169, Pollards Green, Chelmsford, Essex CM2 6UX2
£220K12/220.82 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£208K10/200.82 mi23, Goddard Way, Chelmsford, Essex CM2 6UR2

Local Rents

50 rents from £1.2K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,19503/240.01 miAbbotts Place, Chelmsford, Essex, CM22
£1,20003/240.08 miSpringfield Road2
£1,30004/240.1 miOld Court, Arbour Lane, Chelmsford, Essex, CM12
£1,35004/240.11 miArbour Lane, off Springfield Road, Chelmsford, CM1 7RG2
£1,30003/240.11 miArbour Lane, Chelmsford, CM12
£1,35003/240.11 miArbour Lane, Chelmsford2
£1,35003/240.13 miSandford Court, Sandford Road, Chelmsford, Essex, CM22
£1,40003/250.15 mi-2
£1,70002/240.17 mi-2
£1,45004/240.17 miRivers House, 129 Springfield Road, Chelmsford, Essex, CM22
£1,25004/240.17 miLionfield Terrace, Chelmsford, CM12
£1,55004/240.18 miRivers House, Chelmsford2
£1,60003/240.18 miRivers House, Springfield Road, Chelmsford, CM22
£1,50004/240.18 miRivers House, Springfield Road, Chelmsford, CM22
£1,20003/250.2 mi-2
£1,25003/240.22 miSandringham Place, Chelmsford2
£1,35003/240.22 miHill Road, Chelmsford City Centre, CM2 6HP2
£1,35005/240.26 miSandford Road, Chelmsford, CM2 6DE2
£1,59503/240.27 miSpringfield Road, Chelmsford2
£1,60004/240.27 miSpringfield Road, CHELMSFORD2
£1,60002/240.28 mi-2
£1,42503/240.28 miGainsborough Crescent, Chelmsford, CM22
£1,60005/240.29 mi-2
£1,40003/250.29 mi-2
£1,19503/240.3 miCoates Quay, Chelmsford2
£1,60005/240.3 miNavigation Yard, CHELMSFORD2
£1,60005/240.3 miNavigation Yard, Chelmsford2
£1,29503/240.31 miCoates Quay, Chelmsford, Essex, CM22
£1,77504/250.31 mi-2
£1,70003/240.31 miRegina Road, Chelmsford2
£1,47510/230.33 miSpringfield Basin, Chelmsford2
£1,25010/230.33 miSpringfield Basin, Wharf Road, Chelmsford, Essex, CM22
£1,55005/240.33 miCressy Quay, Chelmsford, Essex, CM22
£1,45003/240.33 miNavigation Road, Chelmsford2
£1,55005/240.33 miCressy Quay, Chelmsford2
£1,35003/240.34 miNavigation Road, Chelmsford, Essex, CM22
£1,35003/240.34 mi-2
£1,35004/240.34 mi-2
£1,35003/240.34 miNavigation Road, Chelmsford, Essex2
£1,35004/240.34 miNavigation Road, Chelmsford, Essex2
£1,57503/240.35 miVictoria Road, Chelmsford2
£2,05010/230.36 miWharf Road, Chelmsford2
£1,59504/240.36 miThe Waterfront, Wharf Road, Chelmsford2
£1,59504/240.36 miWharf Road, Chelmsford2
£1,65004/240.36 miBond Street, Chelmsford2
£1,51704/240.36 miBond Street, CHELMSFORD, Essex, CM12
£1,50004/240.36 miVictoria Court, New Street, Chelmsford, CM12
£1,45005/240.36 miVictoria Court, New Street, Chelmsford, CM12
£1,40004/240.37 miVictoria Court, New Street, Chelmsford, CM12
£1,50003/240.37 miVictoria Court, New Street, Chelmsford, Essex, CM12

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

0.81 miles away

Nearest school

0.10 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £225,000

November 16, 2024

Sold for £215,000

2019

Sold for £130,000

2012

Sold for £144,000

2004

Floor Plans

Description

  • No onward chain +
  • Allocated & visitors parking +
  • Ground floor +
  • Long lease of 113 years remaining +
  • Well presented throughout +
  • Two good sized bedrooms +
  • Spacious lounge/diner +
  • 0.7 Mile walk to Chelmsford Station +
  • Peppercorn ground rent +
  • Nearby to local pubs & restaurants +

This beautifully presented ground floor apartment in Chelmsford offers two bedrooms and one bathroom, making it an ideal home for a small family or professionals looking for a convenient location. Inside, the apartment is well presented throughout, with a modern and neutral décor that will suit a range of tastes. The two bedrooms are both a good size, offering plenty of space for storage and furniture. The spacious lounge/diner provides a comfortable living and dining area, perfect for relaxing or entertaining guests. The property is being sold with no onward chain, making for a quick and easy move-in process. The apartment features allocated parking as well as visitor parking, ensuring that there is always space for guests to park. The ground floor location is perfect for those looking for ease of access.

The property is located just a 0.7 mile walk from Chelmsford Station, making it ideal for commuters. Nearby, residents can enjoy a variety of local pubs and restaurants, perfect for socializing or grabbing a bite to eat. Chelmsford City Centre is within walking distance, offering a range of shops, restaurants, and entertainment options. Residents can also take advantage of the beautiful parks and green spaces in the area, perfect for outdoor activities or simply enjoying the fresh air.

Overall, this apartment offers a fantastic opportunity to own a well-maintained property in a convenient location. With its proximity to local amenities and transportation links, as well as its comfortable living spaces, it is sure to be a popular choice for buyers in Chelmsford, Essex.

Tenure: Leasehold

Band B is the Council Tax band for this property and the annual council tax bill is £1,621.27.

Lease length: 125 years from 11/7/2012, expiring on 10/7/2137 with 113 years remaining.

Ground rent: Peppercorn.

Service charge: For 1/1/24 - 31/12/24 is £1,280.99. The service charge is reviewed annually and can be paid on a monthly or annual basis.

As an integral part of the community, we’ve gotten to know the best professionals for the job. If we recommend one to you, it will be in good faith that they’ll make the process as smooth as can be. Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200. You are under no obligation to use a third party we have recommended.

Should you successfully have an offer accepted on a property of ours and proceed to purchase it there is an administration charge of £30 inc. VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.

Ground Floor

Entrance Hall

Lounge/Diner
5.33 m x 3.48 m (17'6" x 11'5")

Kitchen
2.95 m x 2.92 m (9'8" x 9'7")

Bedroom 1
4.09 m x 2.51 m (13'5" x 8'3")

Bedroom 2
2.26 m x 2.36 m (7'5" x 7'9")

Bathroom

Agent Details

HOME, Chelmsford

01245 945628

Next Steps?

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