2 Bed Flat, Single Let, Chelmsford, CM2 6SX, £210,000

Earlsfield Drive, Chelmer Village, CM2 6SX - 3 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£150K - £300K
Sold Prices/m²£2.6K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£262,468
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Total Cash In

£60,000

 

 

Cash Out

 

Rent Range

£1,050 - £1,600

Rent Estimate

£1,094

Running Costs/mo

£895

Cashflow/mo

£199

Cashflow/yr

£2,387

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £300K, average is £210K. £2.6K/m² to £5.2K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£240K02/230.02 mi23, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£210K10/210.04 mi28, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£202.5K03/230.04 mi56, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£225K05/210.09 mi145, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£220K04/210.09 mi147a, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£196.5K03/230.1 mi136, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£198K03/210.1 mi34, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£211K02/210.1 mi42, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£215K01/210.1 mi66, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£219K02/230.1 mi46, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£255K07/230.1 mi23, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£255K03/230.1 mi53, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£217K05/210.13 mi169, Pollards Green, Chelmsford, Essex CM2 6UX2
£245K01/210.22 mi78, Chelmer Road, Chelmsford, Essex CM2 6AB2
£190K05/210.25 mi42, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£188K01/210.25 mi30, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£210K03/210.3 mi31, Salter Place, Chelmsford, Essex CM2 6UU2
£208K10/200.35 mi23, Goddard Way, Chelmsford, Essex CM2 6UR2
£208K10/200.35 mi23, Goddard Way, Chelmsford, Essex CM2 6UR2
£205K12/200.37 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£210K12/200.37 mi27, Fawkner Close, Chelmsford, Essex CM2 6UP2
£242.5K06/230.37 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£245K03/230.45 mi290, Springfield Road, Chelmsford, Essex CM2 6BA2
£240K07/210.47 mi367, Springfield Road, Chelmsford, Essex CM2 6AW2
£200K02/210.5 mi394, Springfield Road, Chelmsford, Essex CM2 6AT2
£245K10/200.58 mi11, Oasis Court, Chelmsford, Essex CM2 6JU2
£161.3K03/210.69 mi25, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£157.5K09/210.69 mi29, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£250K01/230.71 mi66, Eglinton Drive, Chelmsford, Essex CM2 6YL2
£220K12/200.71 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£215K02/230.75 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£165K02/210.78 mi42, Bryant Link, Springfield, Chelmsford, Essex CM2 6GZ2
£177K06/210.8 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£205.7K05/230.81 mi9, Canvey Walk, Chelmsford, Essex CM1 6LB2
£189.5K11/210.81 mi33, Canvey Walk, Chelmsford, Essex CM1 6LB2
£210K12/220.81 mi49, Canvey Walk, Chelmsford, Essex CM1 6LB2
£150K06/210.83 mi139, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£186K02/230.83 mi65, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£203K08/230.83 mi29, Azalea Court, Chelmsford, Essex CM1 6YL2
£181K07/230.85 mi84, Foxglove Way, Chelmsford, Essex CM1 6QR2
£252.5K02/210.87 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£300K03/210.87 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£175K03/210.91 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£180K03/230.91 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£160K12/200.91 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£185K07/230.92 mi34, Lupin Drive, Chelmsford, Essex CM1 6FH2
£242.5K11/210.93 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£260K02/230.94 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£167K04/210.94 mi48, Petunia Crescent, Chelmsford, Essex CM1 6YP2
£254K11/210.96 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2

Local Rents

27 rents from £1.1K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,15005/240.03 miEarlsfield Drive, Chelmer Village, Chelmsford, CM22
£1,15004/240.08 miRamshaw Drive, Chelmsford2
£1,20004/240.1 miRamshaw Drive, Chelmsford, Essex, CM22
£1,30002/240.11 mi-2
£1,45003/240.12 miRamshaw Drive, Chelmsford2
£1,35004/240.12 miRamshaw Drive, Chelmsford2
£1,20003/240.12 miRamshaw Drive, Chelmer Village2
£1,05003/240.16 miKerby Rise, CM22
£1,40003/240.18 mi-2
£1,45003/240.18 miBankart Lane, Chelmsford, CM22
£1,55005/240.2 mi-2
£1,55004/240.2 miBurgess Field, Chelmsford, CM22
£1,40003/240.21 miInkerpole Place, Chelmsford2
£1,40003/250.23 mi-2
£1,30003/240.3 miGilson Close, Chelmer Village, Chelmsford, Essex, CM22
£1,30003/240.31 miGilson Close, CHELMSFORD2
£1,25004/240.31 miCavendish Gardens, Chelmsford, Essex, CM22
£1,47504/240.34 miWoodroffe Close, CM22
£1,20003/240.45 miSpringfield Road, CM22
£1,30005/240.46 miSpringfield Road, Chelmsford2
£1,39504/240.46 miSaywell Brook, Chelmsford2
£1,42503/240.47 miGainsborough Crescent, Chelmsford, CM22
£1,15003/240.49 miSpringfield Road, CM22
£1,35005/240.49 miSandford Road, Chelmsford, CM2 6DE2
£1,50004/240.56 miChelmer Road, Chelmsford2
£1,10005/240.58 miOasis Court, Chelmsford, CM22
£1,60004/240.62 miFalmouth Road, Chelmsford, CM12

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.56 miles away

Nearest school

0.30 miles away

Nearest train station

1.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £210,000

December 26, 2024

Sold for £208,000

2019

Sold for £205,000

2018

Sold for £130,000

2012

Sold for £72,500

2001

Floor Plans

Description

  • NO ONWARD CHAIN! +
  • Perfect first time purchase +
  • Allocated parking +
  • Bright & airy throughout +
  • Dual aspect lounge/diner +
  • 0.6 Mile walk to Chelmer Village retail park +
  • Fitted wardrobes in bedroom 1 +
  • 1.7 Mile walk to Chelmsford station +
  • Superb A12 Access +
  • Ideal investment opportunity +

This bright and airy two-bedroom, one-bathroom flat in Chelmer Village is the perfect first-time purchase or investment opportunity alike. As you enter the property you are greeted by a spacious entrance hall leading off into all room. The lounge/diner stretches the length of the property with windows to both the front and rear allowing lots of natural light in, creating a bright and airy feel within the living space. Both bedrooms are well sized with bedroom 1 benefitting from fitted wardrobes and bedroom 2 being perfect for anyone needing a home office/study space.

Located just a 0.6 mile walk to Chelmer Village retail park and a 1.7 mile walk to Chelmsford station, the flat offers superb A12 access for those commuting by car. Chelmsford offers a range of activities and amenities for residents to enjoy. The city is known for its bustling high street, offering a variety of shops, restaurants, and cafes. The city also boasts beautiful river walks, perfect for nature lovers looking to unwind and enjoy the outdoors. Additionally, the city is home to various cultural attractions such as museums, art galleries, and historic sites. Residents of Chelmsford can also take advantage of the city's excellent transport links, with easy access to London via train or car. Chelmsford station offers regular services to London Liverpool Street, making it a convenient location for commuters.

Overall, this flat in Chelmsford presents a fantastic opportunity for buyers looking to enjoy a vibrant city lifestyle with easy access to amenities and transport links. Don't miss out on this ideal first-time purchase or investment opportunity!

Tenure: Leasehold

Band B is the Council Tax band for this property and the annual council tax bill is £1,670.62.

Lease length: 125 Years from 1/7/1989. Expiring on 30/06/2114 with 90 years remaining.

Ground rent: £144.24 per annum. Reviewed every 25 years of the term in line with RPI.

Service charge: For 25/3/24 to 24/3/25 is £1,908.

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.

First Floor

Entrance Hall

Lounge/Diner
6.43 m x 2.90 m (21'1" x 9'6")

Kitchen
1.83 m x 2.59 m (6'0" x 8'6")

Bedroom 1
2.67 m x 2.59 m (8'9" x 8'6")

Bedroom 2
2.01 m x 2.26 m (6'7" x 7'5")

Bathroom

Agent Details

HOME, Chelmsford

01245 945628

Next Steps?

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