2 Bed Flat, Single Let, Chelmsford, CM1 3RW, £275,000

CROMPTON HOUSE Writtle Road, Chelmsford, Essex, CM1 3RW - 2 views - 5 months ago

Leasehold
BTL
60 m²
+12 photos

ValuationOvervalued

Sold Prices£80.8K - £325K
Sold Prices/m²£2K/m² - £5.5K/m²

 

 

Square Metres

60.03 m²
Price/m²£4.6K/m²

Value Estimate

£228,425

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£11,900

Total Cash In

£80,650

 

 

Cash Out

 

Rent Range

£1,075 - £1,600

Rent Estimate

£1,156

Running Costs/mo

£1,111

Cashflow/mo

£45

Cashflow/yr

£545

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £80.8K to £325K, average is £216.5K. £2K/m² to £5.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£254K03/230 miFlat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£250K04/230 miFlat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£202K03/230.06 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£186K08/210.06 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£205K01/230.07 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£225K10/210.1 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.1 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.1 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£184K12/200.11 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£197.5K01/210.11 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.11 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£225K10/210.14 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.14 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£195K03/210.18 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.19 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£200K03/210.22 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£175K02/210.25 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£227.5K12/220.28 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£112.5K01/230.28 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£260K01/210.29 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£200K05/230.31 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£215K04/210.32 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.32 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£207.5K05/230.34 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£307.5K07/230.35 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£183K06/210.38 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£183K06/210.38 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.38 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£325K01/230.45 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£223K11/210.49 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£215K01/230.5 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£250K07/230.51 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£265K01/210.51 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.51 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£310K05/230.52 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.52 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.52 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£240K10/210.53 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£195K11/210.53 mi18, Sherwood Drive, Chelmsford, Essex CM1 3DN2
£232K05/210.54 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.54 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.55 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£282.5K11/210.61 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£275K03/210.62 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£218K03/210.67 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£140K07/210.68 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£280K09/210.71 mi3, County Place, Chelmsford, Essex CM2 0RF2
£220K12/220.77 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.82 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£85K06/210.82 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2

Local Rents

50 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10004/240.03 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,40012/240.06 mi-2
£1,30003/250.06 mi-2
£1,20004/240.07 miEvelyn Place, CM12
£1,50004/240.08 miCrompton Street, Chelmsford, CM12
£1,40004/240.08 miCrompton Street, Chelmsford2
£1,30003/250.08 mi-2
£1,20003/240.09 miParkinson Drive, Chelmsford2
£1,30004/240.11 miCrompton Street, Chelmsford, CM12
£1,35004/240.11 miCrompton Street, Chelmsford2
£1,07504/250.12 mi-2
£1,25004/240.14 miRookes Crescent, Chelmsford2
£1,30005/240.14 miRookes Crescent, Chelmsford2
£1,25004/240.14 miRookes Crescent, Chelmsford, Essex, CM12
£1,60004/240.19 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.19 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,20003/240.21 miParkinson Drive, Chelmsford, CM1 3GW2
£1,25002/240.23 mi-2
£1,17503/240.23 miParkinson Drive, CHELMSFORD2
£1,30004/240.23 miParkinson Drive, Chelmsford2
£1,20005/240.23 miParkinson Drive, CHELMSFORD2
£1,20003/240.23 miParkinson Drive, CM12
£1,35005/240.26 miCutmore Place, Chelmsford, CM22
£1,40004/240.26 miCutmore Place, Chelmsford, CM22
£1,35005/240.26 miCutmore Place, CHELMSFORD2
£1,10005/240.26 miMead Path, Chelmsford2
£1,35003/240.28 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.28 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40004/240.33 miUpper Bridge Road, Chelmsford2
£1,40004/240.33 miUpper Bridge Road, Chelmsford2
£1,20004/240.34 miHaig Court, CHELMSFORD2
£1,35001/250.34 mi-2
£1,15004/240.34 miHaig Court, Chelmsford, CM22
£1,25001/250.35 mi-2
£1,30003/240.39 miUpper Bridge Road, Chelmsford, CM22
£1,30003/240.39 mi-2
£1,30004/240.4 miUpper Bridge Road, Chelmsford2
£1,19504/240.41 miLower Anchor Street, Old Moulsham2
£1,35004/240.42 miFalcons Mead, CITY CENTRE, Chelmsford, CM2 0NN2
£1,30005/240.42 miBradford Street, Chelmsford2
£1,35003/240.42 miLower Anchor Street, Chelmsford, CM22
£1,35003/240.42 miLower Anchor Street, Chelmsford, CM22
£1,25003/240.42 miMoulsham Street, Chelmsford2
£1,25004/240.42 miMoulsham Street, Chelmsford2
£1,37503/240.49 miRedcliffe Road, Old Moulsham, Chelmsford, CM22
£1,50012/240.5 miWolseley Road, Chelmsford, Essex, CM22
£1,35004/250.5 mi-2
£1,40004/240.51 miNew Writtle Street, Chelmsford, CM22
£1,35005/240.51 miNew Writtle Street, Chelmsford, CM22
£1,35004/240.51 miNew Writtle Street, Chelmsford, CM2 0RR2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.84 miles away

Nearest school

0.30 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £275,000

February 20, 2025

Price changed to £280,000

December 26, 2024

Listed for £290,000

November 18, 2024

Sold for £250,000

2023

Sold for £175,000

2014

Sold for £179,995

2006

Sold for £152,950

2004

Floor Plans

Description

  • Two Double Bedrooms +
  • Character Apartment +
  • New Boiler - 10-year warranty. +
  • Victorian Height Ceilings +
  • Long Lease +
  • Allocated Parking +

SUMMARY
William H Brown are delighted to offer this sizeable TWO BEDROOM FIRST FLOOR/TOP FLOOR APARTMENT with NO CHAIN forming part of this superb conversion of what was formerly the iconic Crompton Works building situated on the periphery of the city centre.

DESCRIPTION
The accommodation which offers NO ONWARD CHAIN comprises generous reception hall, family bathroom, two double bedrooms, lounge, fitted kitchen, gas fired radiator central heating, Victorian ceiling heights, allocated parking to the rear for one vehicle. Lease 999 years from 2003 making the property a superb first time purchase or investment for buy-to-let.

Situated on the periphery of the City Centre, all major amenities are within walking distance including a doctors' surgery, a wealth of bars and restaurants, Essex County Cricket Ground, comprehensive shopping facilities and main line rail station to Liverpool Street

Entrance Hall 13' 3" x 11' 1" ( 4.04m x 3.38m )

Lounge / Diner 17' 8" max x 11' 1" max ( 5.38m max x 3.38m max )

Bedroom One 13' 3" max x 11' 1" max ( 4.04m max x 3.38m max )

Bedroom Two 13' 3" max x 9' 4" max ( 4.04m max x 2.84m max )

Bathroom 

Agents Note: 
Lease: 999 years from 1 January 2003
Current Ground Rent: £10 pa
Current Service Charge: £1800 pa
New combi boiler fitted and is under a 10-year warranty. The EPC rating is now likely to be a C.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: 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. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Chelmsford

01245 945123

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