2 Bed Flat, Single Let, Chelmsford, CM2 0DX, £170,000

88 Moulsham Street, Essex, CM2 0JF - 3 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£80.8K - £385K
Sold Prices/m²£3.1K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£212,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Total Cash In

£52,200

 

 

Cash Out

 

Rent Range

£950 - £3,150

Rent Estimate

£1,100

Running Costs/mo

£771

Cashflow/mo

£329

Cashflow/yr

£3,945

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £238.5K. £3.1K/m² to £5.5K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£245K02/210.17 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.17 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£275K10/200.17 mi5, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£140K07/210.18 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£280K09/210.21 mi3, County Place, Chelmsford, Essex CM2 0RF2
£195K08/210.27 miFlat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£190K03/210.27 miFlat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£232.5K07/230.27 miFlat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£275K03/210.27 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£320K06/230.28 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£270K11/200.28 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£254K11/210.31 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£232K05/210.32 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£242.5K11/210.32 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£260K02/230.32 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£232K05/210.32 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.32 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£385K06/230.32 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£240K10/210.34 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£215K01/230.36 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£223K11/210.36 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£250K07/230.37 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£215K03/230.39 mi172, Baddow Road, Chelmsford, Essex CM2 9QW2
£160K12/200.41 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£300K03/210.42 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£252.5K02/210.43 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£313K06/210.44 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£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
£215K07/230.46 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£325K01/230.47 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£307.5K07/230.5 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£85K06/210.5 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£207.5K05/230.5 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£215K04/210.53 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.53 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£220K12/200.53 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£225K04/210.54 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/200.54 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£80.8K03/210.55 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£260K01/210.56 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£285K04/210.58 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£235K01/230.59 mi10, Waterson Vale, Chelmsford, Essex CM2 9PB2
£215K02/230.61 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£253K02/210.61 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£220K12/220.62 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£195K01/230.66 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K03/210.66 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£247.5K01/230.67 mi5, Goodwin Close, Chelmsford, Essex CM2 9GX2
£237K06/210.67 mi21, Goodwin Close, Chelmsford, Essex CM2 9GX2

Local Rents

50 rents from £950/mo to £3.1K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40005/240.03 miMildmay Road, Chelmsford2
£1,20003/250.05 mi-2
£1,20003/250.06 mi-2
£95003/240.06 miBaddow Road, CM22
£1,37505/240.06 mi-2
£1,49504/240.08 miRoman Road, Old Moulsham, CM22
£1,39002/250.08 mi-2
£99503/240.08 miMoulsham Street, Old Moulsham2
£1,30003/240.09 miMildmay Road, Chelmsford, CM22
£1,35004/240.1 miMoulsham Street, Chelmsford2
£1,30004/240.1 miOrchard Street, Chelmsford, CM22
£1,10003/240.11 miMoulsham Street, Chelmsford, CM22
£3,10003/240.11 mi-2
£3,10003/240.11 mi-2
£3,10003/250.11 mi-2
£3,15003/250.11 mi-2
£1,55012/240.11 miMoulsham Street, Chelmsford2
£1,15004/240.12 miMildmay Road, Old Moulsham, Chelmsford, Essex, CM2 0DZ2
£1,45004/240.12 miCanside, Chelmsford, CM12
£1,25003/240.16 miParkway House2
£1,50004/240.17 mi-2
£1,70005/240.17 mi-2
£1,50004/240.17 miNew London Road, Chelmsford, CM22
£1,70004/240.17 miNew London Road, Chelmsford, CM22
£1,45003/240.17 miGemini House, 90 New London Road, Chelmsford, CM22
£1,10004/240.17 miParkway House, 49 Baddow Road, CM22
£1,36503/240.17 miCarlton House, Chelmsford2
£1,30003/250.17 mi-2
£2,20004/240.2 mi-2
£1,30004/240.21 miCounty Place, Chelmsford, CM22
£1,55004/240.21 miCounty Place, CHELMSFORD2
£1,40003/240.22 miLynmouth Avenue, Chelmsford2
£1,30004/240.25 miRosebery House, Springfield Road, Chelmsford, CM2 6ZP2
£1,25003/240.27 miBurwood Court, Goldlay Avenue2
£1,40003/240.28 mi-2
£1,40003/240.28 miBond Street, Chelmsford, CM12
£2,05010/230.28 miWharf Road, Chelmsford2
£1,59504/240.28 miThe Waterfront, Wharf Road, Chelmsford2
£1,59504/240.28 miWharf Road, Chelmsford2
£1,25004/240.29 miAnchor Street, Chelmsford, CM2 0JY2
£1,39504/240.29 miAnchor Street, CHELMSFORD2
£1,47510/230.3 miSpringfield Basin, Chelmsford2
£1,25010/230.3 miSpringfield Basin, Wharf Road, Chelmsford, Essex, CM22
£1,30004/240.31 miAnchor Street, Chelmsford, CM22
£1,60005/240.31 miNavigation Yard, CHELMSFORD2
£1,60005/240.31 miNavigation Yard, Chelmsford2
£1,50004/240.31 miBond Street, Chelmsford, Essex, CM12
£1,20005/240.32 miStapleford Close, Chelmsford, CM22
£1,20012/240.32 miStapleford Close, Chelmsford, CM22
£1,29503/240.32 miCoates Quay, Chelmsford, Essex, CM22

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

0.67 miles away

Nearest school

0.30 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £170,000

January 27, 2025

Listed for £180,000

December 26, 2024

Floor Plans

Description

  • Long lease term & peppercorn ground rent +
  • Low service charge - only £30pcm +
  • No onward chain +
  • Own private garden +
  • Walking distance of the railway station & High Street +
  • Trains to London Stratford from 31 minutes & Liverpool Street from 36 minutes +
  • Lounge +
  • Useful home office/bed 2 +
  • Electric heating +
  • Ideal first time purchase +

This first floor flat is being offered for sale with no onward chain and is located within the sought after Old Moulsham area. Inside, there is an entrance hall, lounge, kitchen, two bedrooms, due to the size of the second bedroom this would mainly be used as a home office or dressing room. All windows are triple glazed, meaning it’s very quiet throughout. The building itself is also well kept by those residing in it and peaceful.

Outside, the property has an allocated parking space and it's own enclosed garden exclusively for this property. An early viewing is advised to avoid disappointment.

Mildmay Road is located within the sought after Old Moulsham area within the heart of the City and just a short walk from Chelmsford railway station and High Street. The Railway Station and High Street can be accessed on foot through Central Park which is situated at the bottom of the road. Chelmsford station has a frequent service to London Stratford from 31 minutes and Liverpool Street from 36 minutes. The High Street has an extensive selection of places to eat, drink and socialise around the City. With further access to High Chelmer, The Meadows and Bond Street where you will find the well-known retailer John Lewis. Moulsham Street is a great alternative to visit with a number of independent eateries and several traditional public houses with a choice of real ales and hot food.

Tenure: Leasehold

Band B is the Council Tax band for this property and the annual council tax bill is £1,621.27.

Lease length: An extended lease term will be granted upon completion of 199 years from 1 January 1984 therefore expiring on 31 December 2182 (circa 157 remaining years).

Ground rent: £0 (Peppercorn).

Service charge: £30 per calendar month.

As an integral part of the community, we've gotten to know the best professionals for the job. If we recommend one to you, it will be in good faith that they'll make the process as smooth as can be. Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200. You are under no obligation to use a third party we have recommended.

Should you successfully have an offer accepted on a property of ours and proceed to purchase it there is an administration charge of £30 inc. VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.

Ground floor

Communal entrance

Stairs to first floor

First floor

Entrance Hall

Lounge
3.23 m x 2.95 m (10'7" x 9'8")

Kitchen
2.67 m x 1.93 m (8'9" x 6'4")

Bedroom 1
3.89 m x 2.13 m (12'9" x 7'0")

Bedroom 2
2.21 m x 1.70 m (7'3" x 5'7")

Bathroom

Outside

Private garden
4.88 m x 3.96 m (16'0" x 13'0")

Allocated parking

Agent Details

HOME, Old Moulsham

01245 945820

Next Steps?

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