2 Bed Flat, Single Let, Brentwood, CM14 4FY, £240,000

Sovereign Court, Gresham Close, Brentwood, Essex, CM14 4FY - 6 views - 4 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+10 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£299,276
BMV25%

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

£1,250 - £3,300

Rent Estimate

£1,350

Running Costs/mo

£1,040

Cashflow/mo

£310

Cashflow/yr

£3,720

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £115K to £465K, average is £281K. £1.9K/m² to £7K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£363.5K12/220.12 mi73, Kings Road, Brentwood, Essex CM14 4DP2
£290K06/230.13 mi11, Railway Square, Brentwood, Essex CM14 4LN2
£237.5K09/210.13 mi18, Railway Square, Brentwood, Essex CM14 4LN2
£372.5K05/210.14 mi4, Kings Chase, Brentwood, Essex CM14 4LE2
£345K12/200.18 mi42b, Coptfold Road, Brentwood, Essex CM14 4BL2
£349.8K06/210.2 mi44, Westbury Road, Brentwood, Essex CM14 4JR2
£310K06/230.2 mi38, Myrtle Road, Warley, Brentwood, Essex CM14 5EG2
£250K08/210.22 miFlat 4, Forres House, Cameron Close, Warley, Brentwood, Essex CM14 5BS2
£425K03/230.22 miFlat 11, Coptfold House, New Road, Brentwood, Essex CM14 4FW2
£365K11/200.24 mi40, Wharf Road, Brentwood, Essex CM14 4LQ2
£245K08/210.25 miFlat 35, The Square, Chatham Way, Brentwood, Essex CM14 4AL2
£311.5K05/230.25 miFlat 6, The Square, Chatham Way, Brentwood, Essex CM14 4AL2
£280K06/210.28 miFlat 4, Cromarty House, Mount Crescent, Warley, Brentwood, Essex CM14 5DA2
£300K01/230.3 miFlat 23, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£310K01/230.3 miFlat 24, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£290K01/210.3 miFlat 24, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£305K05/210.3 miFlat 32, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£232.5K09/210.31 miFlat 4, Stone Yard, Western Gardens, Brentwood, Essex CM14 4RE2
£210K03/210.44 mi84, Cromwell Road, Warley, Brentwood, Essex CM14 5DZ2
£270K03/210.46 mi18a, Hampden Crescent, Warley, Brentwood, Essex CM14 5BD2
£340K05/210.47 mi201, Crescent Road, Warley, Brentwood, Essex CM14 5JB2
£172.5K01/210.47 miFlat 4, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£165K12/200.47 miFlat 29, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£240K03/230.48 miFlat 8, Grove House, Firsgrove Crescent, Warley, Brentwood, Essex CM14 5JS2
£250K02/210.48 miFlat 2, Marlborough House, Firsgrove Crescent, Brentwood, Essex CM14 5TF2
£197K05/210.51 miFlat 9, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£115K05/230.51 miFlat 24, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£275K04/210.55 mi116b, Woodman Road, Warley, Brentwood, Essex CM14 5AL2
£335K04/210.56 mi15, Osborne Heights, Warley, Brentwood, Essex CM14 5UZ2
£260K03/210.58 mi32, Mayfield Gardens, Brentwood, Essex CM14 4UJ2
£321K06/230.58 mi14, Mayfield Gardens, Brentwood, Essex CM14 4UJ2
£258K09/210.61 mi13, Pompadour Close, Warley, Brentwood, Essex CM14 5LB2
£325K12/220.63 miFlat 4, Burgess Court, Burland Road, Brentwood, Essex CM15 9BL2
£275K12/200.65 miFlat 14, Burgess Court, Burland Road, Brentwood, Essex CM15 9BL2
£440K06/210.7 miFlat 28, Fisher Court, Rhapsody Crescent, Warley, Brentwood, Essex CM14 5GE2
£465K11/200.7 miFlat 12, Fisher Court, Rhapsody Crescent, Warley, Brentwood, Essex CM14 5GE2
£400K06/230.71 miFlat 17, Myers Court, The Galleries, Warley, Brentwood, Essex CM14 5GG2
£270K11/200.84 mi152, Hawthorn Avenue, Brentwood, Essex CM13 2EQ2
£238K07/230.84 mi91, Hawthorn Avenue, Brentwood, Essex CM13 2EG2
£225K01/210.84 mi73, Hawthorn Avenue, Brentwood, Essex CM13 2EG2
£180K12/220.86 mi116, Orchard Avenue, Brentwood, Essex CM13 2DP2
£270K09/220.89 mi14, Lime Avenue, Brentwood, Essex CM13 2DU2
£267.5K02/210.9 mi100, Hawthorn Avenue, Brentwood, Essex CM13 2EQ2
£315K05/230.91 mi71, Shevon Way, Brentwood, Essex CM14 4PL2
£272.5K11/210.91 mi95, Shevon Way, Brentwood, Essex CM14 4PL2
£275K02/230.92 mi16, The Courtyard, Brentwood, Essex CM15 9AF2
£315K09/220.92 mi43, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£282K10/210.92 mi17, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£290K10/210.92 mi39, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£300K03/210.92 mi35, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2

Local Rents

51 rents from £1.3K/mo to £3.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50005/250.03 mi-2
£1,50004/250.03 mi-2
£1,95001/250.05 mi-2
£1,40011/240.06 mi-2
£1,45003/240.07 mi-2
£1,45003/240.07 mi-2
£1,50004/250.08 mi-2
£1,35005/250.08 mi-2
£1,80012/240.08 miRose Valley, Brentwood, Essex, CM142
£1,25002/240.1 mi-2
£1,90012/240.14 miBrentwood Station2
£1,40001/250.15 mi-2
£1,80011/230.15 mi-2
£1,89512/240.15 miLunar House, St. James Road, Brentwood2
£1,60012/240.17 miCrown Street, Brentwood2
£1,72512/240.19 miChase Road, Brentwood, Essex, CM142
£1,70012/240.2 mi-2
£1,40004/250.2 mi-2
£1,60012/240.2 miMyrtle Road, Brentwood, Essex, CM142
£1,40012/240.22 mi-2
£1,30001/240.23 mi-2
£1,39512/240.24 miCrown Street, Brentwood, Essex, CM142
£1,60004/250.24 mi-2
£1,50012/240.24 miBecket House, New Road, CM142
£1,40004/250.24 mi-2
£1,65012/240.25 mi-2
£1,65012/240.25 miSouth Street, Brentwood, CM142
£1,95012/240.26 mi-2
£1,55012/240.29 miEastfield Road, Brentwood, Essex, CM142
£1,50012/240.29 miHigh Street, Brentwood, CM14 4RX2
£1,50012/240.29 miHigh Street, Brentwood, CM14 4RX2
£1,50012/240.3 miRollason Way, Brentwood, Essex, CM142
£1,59501/240.31 mi-2
£1,85012/240.32 miSt. Thomas Road, CM142
£1,85012/240.32 miHalcyon Place, Brentwood, Essex, CM142
£1,50012/240.33 miElias House, Brentwood2
£1,41512/240.34 mi-2
£1,60012/240.34 miRollason Way, Brentwood, CM142
£1,60012/240.34 mi-2
£1,50012/240.34 miAdlington House, Rollason Way, CM142
£1,80012/240.34 miRoyal Oak House, High St, Brentwood2
£1,60001/240.35 mi-2
£1,50012/240.35 miThe Base - Brentwood2
£1,65012/240.36 miWilkinson Court, Rollason Way, CM142
£1,55001/250.36 mi-2
£1,55001/250.36 mi-2
£1,70012/240.37 miCrescent Road, Brentwood, Essex, CM142
£1,57512/240.38 miSussex Road, Brentwood2
£1,75012/240.38 miSussex Road, Brentwood, Essex, CM142
£1,75012/240.38 miSussex Road, Brentwood, Essex, CM142
£3,30012/240.39 mi-2

Local Area Statistics

Population in CM14

19,442

Population in Brentwood

67,434

Town centre distance

0.90 miles away

Nearest school

0.20 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £240,000

December 26, 2024

Sold for £161,000

2010

Sold for £130,000

2003

Sold for £77,000

1999

Sold for £69,995

1998

Floor Plans

Description

  • NO ONWARD CHAIN +
  • FIRST FLOOR PURPOSE BUILT APARTMENT +
  • SPACIOUS LOUNGE +
  • SEPARATE KITCHEN +
  • ALLOCATED PARKING WITH ADDITIONAL VISITORS PARKING +
  • VIEWING HIGHLY RECOMMENDED +

* * * GUIDE PRICE: £240,000 - £250,000 * * *

This first-floor purpose-built flat in Brentwood is the perfect opportunity for first-time buyers or savvy buy-to-let investors.

Newly redecorated and boasting new floor coverings and featuring a spacious lounge, separate kitchen, double bedroom, and a modern bathroom, this property is ideal for those looking for a stylish and comfortable living space.

Situated in a well-maintained development with allocated parking, this property also offers the convenience of being just a short stroll away from Brentwood mainline station. With excellent connections including the Elizabeth line, commuting will be a breeze.

Not only does this property offer easy access to transport links, but it is also within walking distance of vibrant Brentwood Town Centre. With a unique array of retail outlets, bars, cafes, and restaurants, you'll never be short of entertainment options.

Don't miss out on this excellent opportunity to own a property in an excellent location. Call now to arrange a viewing and see for yourself what this fantastic property has to offer.

Leasehold Information

Number of years remaining on the lease: 99 years

Current service charge and any review period:
- £2,920 per year
Council tax band: C

Agent Details

Keller Williams Plus, Covering Nationwide

020 3892 9627

Next Steps?

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