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2 Bed Flat, Single Let, Brentwood, CM14 5NZ, £245,000

Tern Way, Brentwood, CM14 5NZ - 5 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£115K - £465K
Sold Prices/m²£1.9K/m² - £7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.6K/m²

Value Estimate

£306,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£15,850

Total Cash In

£77,100

 

 

Cash Out

 

Rent Range

£1,300 - £2,250

Rent Estimate

£1,388

Running Costs/mo

£1,063

Cashflow/mo

£325

Cashflow/yr

£3,897

ROI

5%

Gross Yield

7%

Local Sold Prices

52 sold prices from £115K to £465K, average is £290K. £1.9K/m² to £7K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£325K01/230.21 miFlat 24, Budleigh Court, Jason Close, Brentwood, Essex CM14 4QS2
£272.5K11/210.31 mi95, Shevon Way, Brentwood, Essex CM14 4PL2
£315K05/230.31 mi71, Shevon Way, Brentwood, Essex CM14 4PL2
£465K11/200.72 miFlat 12, Fisher Court, Rhapsody Crescent, Warley, Brentwood, Essex CM14 5GE2
£440K06/210.72 miFlat 28, Fisher Court, Rhapsody Crescent, Warley, Brentwood, Essex CM14 5GE2
£340K05/210.79 mi201, Crescent Road, Warley, Brentwood, Essex CM14 5JB2
£210K03/210.8 mi84, Cromwell Road, Warley, Brentwood, Essex CM14 5DZ2
£335K04/210.84 mi15, Osborne Heights, Warley, Brentwood, Essex CM14 5UZ2
£250K02/210.87 miFlat 2, Marlborough House, Firsgrove Crescent, Brentwood, Essex CM14 5TF2
£240K03/230.89 miFlat 8, Grove House, Firsgrove Crescent, Warley, Brentwood, Essex CM14 5JS2
£290K01/210.91 miFlat 24, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£305K05/210.91 miFlat 32, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£310K01/230.91 miFlat 24, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£300K01/230.91 miFlat 23, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£365K11/200.97 mi40, Wharf Road, Brentwood, Essex CM14 4LQ2
£400K06/230.98 miFlat 17, Myers Court, The Galleries, Warley, Brentwood, Essex CM14 5GG2
£301K11/221.04 mi44, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AQ2
£300K01/231.05 mi38, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AQ2
£290K10/211.05 mi39, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£300K03/211.05 mi35, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£282K10/211.05 mi17, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£315K09/221.06 mi43, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£172.5K01/211.07 miFlat 4, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£165K12/201.07 miFlat 29, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£197K05/211.08 miFlat 9, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£115K05/231.08 miFlat 24, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£237.5K09/211.08 mi18, Railway Square, Brentwood, Essex CM14 4LN2
£290K06/231.08 mi11, Railway Square, Brentwood, Essex CM14 4LN2
£372.5K05/211.1 mi4, Kings Chase, Brentwood, Essex CM14 4LE2
£349.8K06/211.13 mi44, Westbury Road, Brentwood, Essex CM14 4JR2
£363.5K12/221.14 mi73, Kings Road, Brentwood, Essex CM14 4DP2
£260K09/221.16 miFlat 12, Thorndon Court, Eagle Way, Great Warley, Brentwood, Essex CM13 3BZ2
£270K03/211.16 mi18a, Hampden Crescent, Warley, Brentwood, Essex CM14 5BD2
£245K08/211.18 miFlat 35, The Square, Chatham Way, Brentwood, Essex CM14 4AL2
£311.5K05/231.18 miFlat 6, The Square, Chatham Way, Brentwood, Essex CM14 4AL2
£310K06/231.18 mi38, Myrtle Road, Warley, Brentwood, Essex CM14 5EG2
£232.5K09/211.18 miFlat 4, Stone Yard, Western Gardens, Brentwood, Essex CM14 4RE2
£258K09/211.2 mi13, Pompadour Close, Warley, Brentwood, Essex CM14 5LB2
£310K03/211.21 mi33, Florence Close, Great Warley, Brentwood, Essex CM13 3FQ2
£250K08/211.24 miFlat 4, Forres House, Cameron Close, Warley, Brentwood, Essex CM14 5BS2
£220K11/201.25 miFlat 3, Thorndon Court, Eagle Way, Great Warley, Brentwood, Essex CM13 3BZ2
£220K11/201.25 miFlat 3, Thorndon Court, Eagle Way, Great Warley, Brentwood, Essex CM13 3BZ2
£220K11/201.25 miFlat 3, Thorndon Court, Eagle Way, Great Warley, Brentwood, Essex CM13 3BZ2
£210K11/201.25 miFlat 18, Cawdor House, Cameron Close, Warley, Brentwood, Essex CM14 5BZ2
£280K06/211.27 miFlat 4, Cromarty House, Mount Crescent, Warley, Brentwood, Essex CM14 5DA2
£205.5K02/211.28 miFlat 34, Thorndon Court, Eagle Way, Great Warley, Brentwood, Essex CM13 3BY2
£180K01/231.29 miFlat 45, Thorndon Court, Eagle Way, Great Warley, Brentwood, Essex CM13 3BY2
£180K09/211.32 miFlat 25, Becketts Court, Canterbury Way, Great Warley, Brentwood, Essex CM13 3BA2
£345K12/201.32 mi42b, Coptfold Road, Brentwood, Essex CM14 4BL2
£260K03/211.33 mi32, Mayfield Gardens, Brentwood, Essex CM14 4UJ2
£321K06/231.33 mi14, Mayfield Gardens, Brentwood, Essex CM14 4UJ2
£425K03/231.35 miFlat 11, Coptfold House, New Road, Brentwood, Essex CM14 4FW2

Local Rents

51 rents from £1.3K/mo to £2.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,45003/250.06 mi-2
£1,99512/240.74 mi-2
£1,99512/240.74 miRudyard Court, Warley, Brentwood, CM142
£2,25012/240.75 miKipling Close, Brentwood, Essex, CM142
£1,50012/240.77 miRegent House, Hubert Road, Brentwood2
£1,40012/240.8 miThe Badgers, Cromwell Road, Warley, Essex2
£1,85012/240.8 miCromwell Road, Brentwood, Essex, CM142
£1,65012/240.8 miCromwell Road, Brentwood, Essex, CM142
£1,55012/240.8 miHubert Road, BRENTWOOD2
£1,55012/240.8 miHubert Road, BRENTWOOD2
£1,52512/240.8 miHubert Road, BRENTWOOD2
£1,55001/250.86 mi-2
£1,55001/250.86 mi-2
£1,65012/240.86 miWilkinson Court, Rollason Way, CM142
£1,50012/240.86 miThe Base - Brentwood2
£1,50012/240.87 miAdlington House, Rollason Way, CM142
£1,60012/240.87 mi-2
£1,60012/240.87 miRollason Way, Brentwood, CM142
£1,41512/240.87 mi-2
£1,65012/240.89 miThe Galleries, Warley, Brentwood2
£1,60004/250.89 mi-2
£1,50004/250.89 mi-2
£1,57512/240.89 miSussex Road, Brentwood2
£1,75012/240.89 miSussex Road, Brentwood, Essex, CM142
£1,75012/240.89 miSussex Road, Brentwood, Essex, CM142
£1,50012/240.91 miRollason Way, Brentwood, Essex, CM142
£1,99512/240.92 miPenthouse South, Tudor Court, The Galleries , Warley, Brentwood, CM14 5FS2
£1,70012/240.92 miCrescent Road, Brentwood, Essex, CM142
£1,75012/240.93 miThe Clock Tower, Brentwood2
£2,00012/240.93 miThe Clocktower, The Galleries, Brentwood, Essex, CM142
£1,60012/240.95 miThe Galleries, Warley, Brentwood2
£1,90012/240.98 miThe Galleries - Brentwood2
£1,85012/240.98 miHalcyon Place, Brentwood, Essex, CM142
£1,70012/241.02 mi-2
£1,30001/241.02 mi-2
£1,72512/241.02 miChase Road, Brentwood, Essex, CM142
£1,80012/241.02 miJunction Road, Warley2
£1,65012/241.04 miHenry Manning House, Milan Walk, Brentwood, Essex, CM142
£1,45011/241.04 mi-2
£1,50002/251.06 mi-2
£1,80011/231.06 mi-2
£1,60012/241.07 miLorne Road, Warley, Brentwood2
£1,90012/241.08 miBrentwood Station2
£1,89512/241.1 miLunar House, St. James Road, Brentwood2
£1,35012/241.16 miBardeswell Close, CM142
£1,45004/251.16 mi-2
£1,45003/241.17 mi-2
£1,45003/241.17 mi-2
£1,95012/241.17 mi-2
£1,60012/241.18 miMyrtle Road, Brentwood, Essex, CM142
£1,59501/241.18 mi-2

Links

Local Area Statistics

Population in CM14

19,442

Population in Brentwood

67,434

Town centre distance

1.97 miles away

Nearest school

0.60 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Price changed to £245,000

April 5, 2025

Listed for £255,000

November 22, 2024

Description

  • Two bedroom +
  • Top floor apartment +
  • Garage +
  • Street parking +
  • No onward chain +
  • St Peters School catchment area +
  • Good access to M25/A12 +
  • Close to Weald Country Park +
  • 1.2 miles to Brentwood High Street +
  • 1.3 miles to Brentwood Station +

Situated on the top floor, this delightful apartment offers two spacious bedrooms, making it an ideal choice for a small family or professionals. The property features a kitchen, good size living room with far reaching views, family bathroom and two double bedrooms. Residents can take advantage of street parking and a garage for additional storage space.

Conveniently located with good access to the M25/A12, this property is within the catchment area of St. Peter's School and just 1.2 miles from the bustling High Street. The beautiful Weald Country Park is also close by for outdoor enthusiasts. With no onward chain, this apartment presents an excellent opportunity for those looking to move swiftly. Don't miss out on this fantastic property - contact us today to arrange a viewing. (Ref: BES240361)

Agent Details

Beresfords, at Brentwood

01277 674353

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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