2 Bed Flat, Single Let, Chelmsford, CM2 7UR, £240,000

Chelwater, Great Baddow, Chelmsford, CM2 7UR - 3 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£107.5K - £420K
Sold Prices/m²£1.9K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£268,437
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,095 - £1,950

Rent Estimate

£1,095

Running Costs/mo

£989

Cashflow/mo

£106

Cashflow/yr

£1,272

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £107.5K to £420K, average is £225K. £1.9K/m² to £6K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£225K12/220 mi134, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£197.5K06/210 mi126, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£201K08/210 mi132, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£222.5K03/230 mi120, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£225K12/220.02 mi114, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£203K02/210.14 mi26, Gerard Gardens, Chelmsford, Essex CM2 9GD2
£191.5K08/210.15 mi51, Mascalls Way, Chelmsford, Essex CM2 7NR2
£195K11/210.15 mi19, Mascalls Way, Chelmsford, Essex CM2 7NR2
£107.5K12/200.18 mi6, Searle Close, Chelmsford, Essex CM2 9GB2
£237.5K09/210.19 mi17, Searle Close, Chelmsford, Essex CM2 9GB2
£120K05/230.19 mi1, Searle Close, Chelmsford, Essex CM2 9GB2
£212.5K06/210.19 mi44, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£206K09/210.19 mi42, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£215K08/230.19 mi40, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£250K04/210.19 mi106, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£247.5K01/230.21 mi5, Goodwin Close, Chelmsford, Essex CM2 9GX2
£237K06/210.21 mi21, Goodwin Close, Chelmsford, Essex CM2 9GX2
£247K12/200.35 miFlat 14, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£260K03/210.35 miFlat 34, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£238K07/230.35 miFlat 23, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£215K03/230.41 mi172, Baddow Road, Chelmsford, Essex CM2 9QW2
£235K01/230.42 mi10, Waterson Vale, Chelmsford, Essex CM2 9PB2
£215K07/230.47 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£290K03/230.49 mi18, Pearl Square, Chelmsford, Essex CM2 9FP2
£252.5K02/210.52 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£300K03/210.52 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£200K12/200.53 mi23, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£210K11/200.53 mi9, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£195K08/210.53 miFlat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£190K03/210.53 miFlat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£232.5K07/230.53 miFlat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£250K03/210.53 mi32, Lambourne Chase, Chelmsford, Essex CM2 9FF2
£225K04/210.54 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/200.54 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£247.5K05/230.61 mi14, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£190K06/210.61 mi23, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£224K03/210.61 mi30, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£240K07/230.61 mi19, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£420K03/210.61 mi16, The Vineyards, Great Baddow, Chelmsford, Essex CM2 7QS2
£245K02/210.62 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.62 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£218K02/230.67 mi84, Readers Court, Chelmsford, Essex CM2 8HA2
£205K12/200.73 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£210K12/200.73 mi27, Fawkner Close, Chelmsford, Essex CM2 6UP2
£242.5K06/230.73 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£320K06/230.73 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£270K11/200.75 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£220K12/200.77 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£242.5K11/210.79 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£260K02/230.79 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2

Local Rents

50 rents from £1.1K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40002/250.02 mi-2
£1,95005/240.06 mi-2
£1,95004/240.06 miChelwater, Great Baddow, Chelmsford, CM22
£1,75005/240.06 miBaddow Road, Chelmsford, CM22
£1,75004/240.06 miBaddow Road, Chelmsford, CM2N/A
£1,75004/240.06 mi-2
£1,75005/240.06 mi-2
£1,75003/250.06 mi-2
£1,27504/240.07 miBaddow Road, Chelmsford2
£1,27505/240.07 miBaddow Road, Chelmsford2
£1,10003/240.13 miMeadgate Avenue, CM22
£1,19505/240.15 miHarberd Tye, Great Baddow2
£1,22504/240.19 miSearle Close, Chelmsford2
£1,09504/240.19 miHarberd Tye, CHELMSFORD2
£1,30003/240.19 miHarberd Tye, Great Baddow, CM22
£1,20004/240.19 miBaddow Road, Chelmsford2
£1,30004/240.19 miBaddow Road, Chelmsford2
£1,10010/230.21 miGoodwin Close, Great Baddow, Chelmsford2
£1,30005/240.22 miGoodwin Close, CM22
£1,40003/240.23 miLea Court, Baddow Road2
£1,40003/240.23 miLea Court, Baddow Road2
£1,45003/240.26 miWallace Crescent, Chelmsford, CM22
£1,50003/250.32 mi-2
£1,50002/240.46 mi-2
£1,50002/250.46 mi-2
£1,50003/250.46 mi-2
£1,49004/240.46 miWharf Road, Chelmsford, Essex, CM22
£1,49003/240.46 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.46 miWharf Road, One Canalside, Chelmsford, CM22
£1,09503/240.47 miAmcotes Place, CM22
£1,35001/250.47 mi-2
£1,29503/240.47 miAsh Grove, Chelmsford, Essex, CM22
£1,66204/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,47504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,45503/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,47004/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,48505/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,30003/240.52 mi-2
£1,27503/240.52 miLockside Marina, Chelmsford2
£1,42505/240.52 miLockside Marina, CHELMSFORD2
£1,40005/240.52 miLockside Marina, Chelmsford, CM2 6HF2

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.46 miles away

Nearest school

0.20 miles away

Nearest train station

1.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £240,000

November 22, 2024

Sold for £222,500

2023

Sold for £181,000

2008

Floor Plans

Description

  • Two bedrooms +
  • En-suite +
  • Allocated parking +
  • NO ONWARD CHAIN +
  • Desirable location +
  • Immaculately presented +

SUMMARY
Situated in the desirable area 'Great Baddow' is this well presented two bedroom spacious apartment. The property benefits from allocated parking, easy access to Chelmsford train station and en-suite. Early viewings are advised to not miss out!

DESCRIPTION
The property is conveniently located with easy access to local amenities and travel links. Great Baddow is a very popular area with home buyers and offers a selection of primary and secondary schools.

There are a selection of local shops, restaurants and takeaways within close proximity of the property as well as regular bus services to the city centre and nearby towns with bus stops located in the nearby Baddow Road. The property is conveniently positioned offering excellent access to the A12 for those travelling north or south of Chelmsford.

Chelmsford is a rapidly growing city with comprehensive shopping facilities on offer which include the highly acclaimed Bond Street shopping complex as well as two shopping precincts, the city centre offers a wide array of independent and chain restaurants with cuisines from around the world on offer, there is a thriving nightlife with a collection of wine bars and leisure facilities including Riverside Ice Rink. Chelmsford station provides regular and fast services to London Liverpool Street, with journey times as quick as 34 minutes.

Entrance Hall 
L shaped hallway and radiator

Lounge 17' 4" x 13' 2" ( 5.28m x 4.01m )
Window to side and radiator. Juliette balcony

Kitchen 
Fridge/freezer, washing machine, oven/hob and dishwasher

Bedroom One 10' x 9' 9" ( 3.05m x 2.97m )
Window to front and radiator. Integrated wardrobe

En Suite 
Shower, towel rail and extractor fan

Bedroom Two 12' 1" x 10' 7" ( 3.68m x 3.23m )
Window to rear. Radiator and cupboard

Bathroom 
Bath/shower, towel rail and extractor fan

Exterior 

Allocated Parking 

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 South

01245 945288

Next Steps?

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