2 Bed Flat, Single Let, Chelmsford, CM2 9RA, £260,000

Baddow Road, Chelmsford, CM2 9RA - 3 months ago

Sold STC
Leasehold
BTL
ROI: 1%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£107.5K - £420K
Sold Prices/m²£1.9K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.8K/m²

Value Estimate

£268,437
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£14,700

Total Cash In

£79,700

 

 

Cash Out

 

Rent Range

£1,095 - £1,950

Rent Estimate

£1,095

Running Costs/mo

£1,052

Cashflow/mo

£44

Cashflow/yr

£522

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £107.5K to £420K, average is £225K. £1.9K/m² to £6K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£225K12/220.08 mi134, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£197.5K06/210.08 mi126, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£201K08/210.08 mi132, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£222.5K03/230.08 mi120, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£225K12/220.1 mi114, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£203K02/210.1 mi26, Gerard Gardens, Chelmsford, Essex CM2 9GD2
£212.5K06/210.14 mi44, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£206K09/210.14 mi42, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£215K08/230.14 mi40, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£250K04/210.14 mi106, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£237.5K09/210.15 mi17, Searle Close, Chelmsford, Essex CM2 9GB2
£120K05/230.15 mi1, Searle Close, Chelmsford, Essex CM2 9GB2
£107.5K12/200.15 mi6, Searle Close, Chelmsford, Essex CM2 9GB2
£247.5K01/230.21 mi5, Goodwin Close, Chelmsford, Essex CM2 9GX2
£237K06/210.21 mi21, Goodwin Close, Chelmsford, Essex CM2 9GX2
£191.5K08/210.21 mi51, Mascalls Way, Chelmsford, Essex CM2 7NR2
£195K11/210.21 mi19, Mascalls Way, Chelmsford, Essex CM2 7NR2
£247K12/200.3 miFlat 14, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£260K03/210.3 miFlat 34, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£238K07/230.3 miFlat 23, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£290K03/230.4 mi18, Pearl Square, Chelmsford, Essex CM2 9FP2
£235K01/230.42 mi10, Waterson Vale, Chelmsford, Essex CM2 9PB2
£250K03/210.45 mi32, Lambourne Chase, Chelmsford, Essex CM2 9FF2
£215K03/230.46 mi172, Baddow Road, Chelmsford, Essex CM2 9QW2
£200K12/200.47 mi23, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£210K11/200.47 mi9, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£215K07/230.48 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£247.5K05/230.53 mi14, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£190K06/210.53 mi23, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£224K03/210.53 mi30, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£240K07/230.53 mi19, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£225K04/210.54 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/200.54 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£420K03/210.57 mi16, The Vineyards, Great Baddow, Chelmsford, Essex CM2 7QS2
£195K08/210.58 miFlat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£190K03/210.58 miFlat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£232.5K07/230.58 miFlat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£218K02/230.59 mi84, Readers Court, Chelmsford, Essex CM2 8HA2
£252.5K02/210.6 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£300K03/210.6 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£275K10/200.67 mi5, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.67 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.67 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£320K06/230.81 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£205K12/200.81 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£210K12/200.81 mi27, Fawkner Close, Chelmsford, Essex CM2 6UP2
£242.5K06/230.81 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£270K11/200.82 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£220K12/200.85 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£242.5K11/210.86 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2

Local Rents

50 rents from £1.1K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,95005/240.06 mi-2
£1,95004/240.06 miChelwater, Great Baddow, Chelmsford, CM22
£1,75005/240.07 miBaddow Road, Chelmsford, CM22
£1,75004/240.07 miBaddow Road, Chelmsford, CM2N/A
£1,75004/240.07 mi-2
£1,75005/240.07 mi-2
£1,75003/250.07 mi-2
£1,19505/240.08 miHarberd Tye, Great Baddow2
£1,27504/240.09 miBaddow Road, Chelmsford2
£1,27505/240.09 miBaddow Road, Chelmsford2
£1,40002/250.09 mi-2
£1,09504/240.14 miHarberd Tye, CHELMSFORD2
£1,30003/240.14 miHarberd Tye, Great Baddow, CM22
£1,22504/240.14 miSearle Close, Chelmsford2
£1,40003/240.19 miLea Court, Baddow Road2
£1,40003/240.19 miLea Court, Baddow Road2
£1,10003/240.21 miMeadgate Avenue, CM22
£1,10010/230.21 miGoodwin Close, Great Baddow, Chelmsford2
£1,30005/240.21 miGoodwin Close, CM22
£1,20004/240.23 miBaddow Road, Chelmsford2
£1,30004/240.23 miBaddow Road, Chelmsford2
£1,45003/240.27 miWallace Crescent, Chelmsford, CM22
£1,50003/250.36 mi-2
£1,29503/240.42 miAsh Grove, Chelmsford, Essex, CM22
£1,50002/240.47 mi-2
£1,50002/250.47 mi-2
£1,50003/250.48 mi-2
£1,09503/240.48 miAmcotes Place, CM22
£1,25004/250.5 mi-2
£1,38501/240.51 mi-2
£1,49004/240.54 miWharf Road, Chelmsford, Essex, CM22
£1,49003/240.54 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.54 miWharf Road, One Canalside, Chelmsford, CM22
£1,66204/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,47504/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,45503/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,47004/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,48505/240.55 miWharf Road, Chelmsford, Essex, CM22
£1,35001/250.55 mi-2
£1,55004/240.55 miArmstrong Gibbs Court, The Causeway, Chelmsford, Essex, CM22
£1,25003/240.58 miBurwood Court, Goldlay Avenue2

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.51 miles away

Nearest school

0.30 miles away

Nearest train station

1.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £260,000

January 31, 2025

Listed for £270,000

December 26, 2024

Floor Plans

Description

  • Two bedrooms +
  • First floor apartment +
  • Spacious open plan living area with balcony +
  • Modern kitchen and bathroom +
  • Communal gardens +
  • Resident car park with electric vehicle charging points +
  • Ideal for first-time buyers or investors +
  • Sought-after location +

Located in a sought-after location, this modern first floor apartment offers a stylish and convenient living space. The property features two well-proportioned bedrooms, a bright and airy open plan living area, and a modern kitchen and bathroom.

The highlight of this apartment is the private balcony, perfect for enjoying your morning coffee or evening glass of wine. Additionally, residents have access to the well-maintained communal gardens, ideal for relaxing or socialising outdoors.

Parking will never be an issue as there is a resident car park with electric vehicle charging points.

Conveniently situated close to local amenities, public transport links, and green spaces, this property is ideal for first-time buyers, investors or small families looking for a modern and comfortable home in a desirable location. Don't miss out on the opportunity to make this apartment your own. Contact us today to arrange a viewing.

Agent Details

Beresfords, Chelmsford

01245 945593

Next Steps?

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