2 Bed Flat, Single Let, Dunmow, CM6 1ZE, £200,000

Caspian House, Weavers Close, Great Dunmow, Essex, CM6 1ZE - 4 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~53 m²
+13 photos

ValuationOvervalued

Sold Prices£97.5K - £255K
Sold Prices/m²£1.7K/m² - £4.7K/m²

 

 

Square Metres

~52.68 m²
Price/m²£3.8K/m²

Value Estimate

£176,895

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Rent Range

£915 - £1,400

Rent Estimate

£1,150

Running Costs/mo

£875

Cashflow/mo

£275

Cashflow/yr

£3,300

ROI

5%

Gross Yield

7%

Local Sold Prices

31 sold prices from £97.5K to £255K, average is £205K. £1.7K/m² to £4.7K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£185K04/230.02 mi7, Weavers Close, Dunmow, Essex CM6 1FR2
£225K08/220.04 mi17, White Hart Way, Dunmow, Essex CM6 1FS2
£230K03/210.12 mi9, Harmans Yard, Dunmow, Essex CM6 1AS2
£215K08/220.14 miFlat 6, Melville House, Braintree Road, Dunmow, Essex CM6 1HS2
£241K10/220.18 miFlat 30, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£210K02/210.18 miFlat 33, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£212.5K12/220.19 miFlat 8, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£173K10/200.2 miFlat 47, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB2
£180K10/200.2 miFlat 32, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB2
£190K11/210.2 miFlat 37, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB2
£180K12/220.21 miFlat 15, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BN2
£169.5K08/210.22 miFlat 45, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BW2
£180K03/230.22 miFlat 42, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BW2
£210K03/210.3 mi11, Harris Green, Dunmow, Essex CM6 1FP2
£199K08/220.3 mi19, Harris Green, Dunmow, Essex CM6 1FP2
£255K01/230.3 mi12, Harris Green, Dunmow, Essex CM6 1FP2
£230K05/210.4 mi6, The Downs, Dunmow, Essex CM6 1DS2
£215K09/210.42 mi3, Buckingham Court, Dunmow, Essex CM6 1XE2
£205K08/210.42 mi17, Buckingham Court, Dunmow, Essex CM6 1XE2
£223.5K06/210.42 mi24, Buckingham Court, Dunmow, Essex CM6 1XE2
£175K01/210.42 mi39a, The Close, Dunmow, Essex CM6 1EW2
£140K11/200.45 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£140K11/200.45 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£143K11/200.45 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£210K12/200.45 mi130, Godfrey Way, Dunmow, Essex CM6 2SQ2
£188K06/210.45 mi128, Godfrey Way, Dunmow, Essex CM6 2SQ2
£222.5K07/230.45 mi130, Godfrey Way, Dunmow, Essex CM6 2SQ2
£217K10/220.45 mi134, Godfrey Way, Dunmow, Essex CM6 2SQ2
£240K03/230.46 mi57, The Causeway, Dunmow, Essex CM6 2AA2
£200K10/200.51 mi18b, Waldgrooms, Dunmow, Essex CM6 1EA2
£97.5K03/210.53 mi16, Conifer Way, Dunmow, Essex CM6 1XB2

Local Rents

10 rents from £915/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.07 miMaple Way, Dunmow, Essex, CM62
£1,17503/250.09 mi-2
£1,00012/230.14 mi-2
£1,00012/240.18 miFitzwalter Place, Chelmsford Road, Dunmow, Essex, CM62
£91510/230.21 mi-2
£1,40012/240.26 miSpringfields, Dunmow2
£1,20012/240.32 miNursery Rise, Dunmow2
£99002/250.43 mi-2
£99003/250.43 mi-2
£1,25012/240.5 miWillow Road, Woodlands Park2

Local Area Statistics

Population in CM6

24,916

Population in Dunmow

24,925

Town centre distance

0.40 miles away

Nearest school

0.30 miles away

Nearest train station

4.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+47%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Price changed to £200,000

January 31, 2025

Listed for £220,000

December 6, 2024

Floor Plans

Description

  • 2 Bedroom Top Floor Apartment +
  • Well Presented Throughout +
  • Ensuite & Bathroom +
  • 2 Allocated Parking Spaces +
  • Potential Rental Income £1150 PCM +
  • Council Tax Band B +
  • EPC Band C +

A well presented two-bedroom apartment situated in the heart of Great Dunmow with easy access to local amenities and to the A120, with links to Bishops Stortford, Stansted Airport and the M11. The apartment comprises an entrance hallway leading to the inner hallway, a generously sized lounge/diner, modern kitchen area, two well proportioned bedrooms, an ensuite to the principal bedroom and a three piece bathroom suite. Externally the apartment also benefits from two allocated parking spaces.

There are 110 years remaining on the lease. The service charge is £149.30 per month and the ground rent is £340 per annum.

Council Tax Band B. EPC Band C.

Lease, ground rent and maintenance details have been provided by the seller, but their accuracy cannot be guaranteed, as we may not have seen a copy of the original lease. Should you proceed with the purchase of this property, lease details must be verified by your solicitor.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum of six months, with the exception of short term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 plus VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Intercounty.'

IGD240299/5

Agent Details

Intercounty, Great Dunmow

01371 701972

Next Steps?

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