2 Bed Flat, Single Let, Chelmsford, CM1 3GZ, £199,000

Evelyn Place, Chelmsford, CM1 3GZ - 3 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+1 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£248,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£49,750

Stamp Duty & Legal Fees

£7,170

Total Cash In

£56,920

 

 

Cash Out

 

Rent Range

£1,075 - £1,600

Rent Estimate

£1,125

Running Costs/mo

£867

Cashflow/mo

£258

Cashflow/yr

£3,098

ROI

5%

Gross Yield

7%

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 
£205K01/230 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£202K03/230.01 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£186K08/210.01 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£225K10/210.03 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.03 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.03 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£184K12/200.05 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£197.5K01/210.06 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.06 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£254K03/230.07 miFlat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£250K04/230.07 miFlat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£225K10/210.07 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.07 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£195K03/210.12 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.13 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£260K01/210.22 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£200K03/210.24 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£215K04/210.26 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.26 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£175K02/210.28 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£207.5K05/230.28 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£307.5K07/230.29 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£227.5K12/220.32 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£112.5K01/230.32 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£200K05/230.34 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£325K01/230.38 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£183K06/210.39 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£183K06/210.4 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.4 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£223K11/210.43 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£215K01/230.44 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£310K05/230.45 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.45 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.45 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£250K07/230.46 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£232K05/210.47 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.47 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£240K10/210.48 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£232K05/210.48 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£265K01/210.55 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.55 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£275K03/210.55 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£282.5K11/210.55 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£195K11/210.56 mi18, Sherwood Drive, Chelmsford, Essex CM1 3DN2
£218K03/210.61 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£140K07/210.62 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£280K09/210.64 mi3, County Place, Chelmsford, Essex CM2 0RF2
£220K12/220.7 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.75 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£85K06/210.76 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 
£1,20004/240 miEvelyn Place, CM12
£1,30003/250.01 mi-2
£1,20003/240.02 miParkinson Drive, Chelmsford2
£1,40012/240.03 mi-2
£1,30003/250.04 mi-2
£1,30004/240.05 miCrompton Street, Chelmsford, CM12
£1,35004/240.05 miCrompton Street, Chelmsford2
£1,50004/240.07 miCrompton Street, Chelmsford, CM12
£1,40004/240.07 miCrompton Street, Chelmsford2
£1,07504/250.07 mi-2
£1,25004/240.07 miRookes Crescent, Chelmsford2
£1,30005/240.07 miRookes Crescent, Chelmsford2
£1,25004/240.07 miRookes Crescent, Chelmsford, Essex, CM12
£1,10004/240.1 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,20003/240.14 miParkinson Drive, Chelmsford, CM1 3GW2
£1,60004/240.15 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.15 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,17503/240.16 miParkinson Drive, CHELMSFORD2
£1,30004/240.16 miParkinson Drive, Chelmsford2
£1,20005/240.16 miParkinson Drive, CHELMSFORD2
£1,20003/240.16 miParkinson Drive, CM12
£1,25002/240.21 mi-2
£1,35003/240.22 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.22 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40004/240.27 miUpper Bridge Road, Chelmsford2
£1,40004/240.27 miUpper Bridge Road, Chelmsford2
£1,35001/250.28 mi-2
£1,20004/240.28 miHaig Court, CHELMSFORD2
£1,35005/240.28 miCutmore Place, Chelmsford, CM22
£1,40004/240.28 miCutmore Place, Chelmsford, CM22
£1,15004/240.28 miHaig Court, Chelmsford, CM22
£1,35005/240.28 miCutmore Place, CHELMSFORD2
£1,25001/250.29 mi-2
£1,10005/240.29 miMead Path, Chelmsford2
£1,30003/240.32 miUpper Bridge Road, Chelmsford, CM22
£1,30003/240.32 mi-2
£1,30004/240.33 miUpper Bridge Road, Chelmsford2
£1,19504/240.35 miLower Anchor Street, Old Moulsham2
£1,35004/240.35 miFalcons Mead, CITY CENTRE, Chelmsford, CM2 0NN2
£1,35003/240.36 miLower Anchor Street, Chelmsford, CM22
£1,35003/240.36 miLower Anchor Street, Chelmsford, CM22
£1,30005/240.36 miBradford Street, Chelmsford2
£1,25003/240.39 miMoulsham Street, Chelmsford2
£1,25004/240.39 miMoulsham Street, Chelmsford2
£1,50012/240.43 miWolseley Road, Chelmsford, Essex, CM22
£1,40004/240.44 miNew Writtle Street, Chelmsford, CM22
£1,35005/240.44 miNew Writtle Street, Chelmsford, CM22
£1,37503/240.44 miRedcliffe Road, Old Moulsham, Chelmsford, CM22
£1,35004/240.44 miNew Writtle Street, Chelmsford, CM2 0RR2
£1,25003/240.45 miNew Writtle Street, Chelmsford, CM22

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.78 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £199,000

November 26, 2024

Sold for £184,500

2020

Sold for £133,500

2014

Sold for £120,000

2003

Floor Plans

Description

  • Two bedroom ground floor apartment +
  • Extended lease +
  • Resident parking +
  • One mile from Chelmsford mainline station +
  • No onward chain +
  • Ideal for first-time buyers and investors +

Beresfords are pleased to offer to the market this two bedroom ground floor apartment, offered with no onward chain and situated just one mile away from Chelmsford city centre and mainline railway station. Internally this property offers a lounge / diner with a separate kitchen, two double bedrooms and a three-piece bathroom suite. Externally there is resident parking.

This property has an extended lease and is ideal for first-time buyers and investors. As this property is being sold with vacant possession an internal viewing is highly advised to get in there quickly!

Agent Details

Beresfords, Chelmsford

01245 945593

Next Steps?

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