2 Bed Flat, Single Let, Chelmsford, CM1 1UE, £195,000

Durrant Court, Brook Street, CM1 1UE - 3 months ago

Sold STC
BTL
ROI: 6%
~56 m²
+5 photos

ValuationUndervalued

Sold Prices£80.8K - £385K
Sold Prices/m²£3.1K/m² - £5.2K/m²

 

 

Square Metres

~56.10 m²
Price/m²£3.5K/m²

Value Estimate

£222,466
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£10,950

Total Cash In

£59,700

 

 

Cash Out

 

Rent Range

£1,150 - £3,300

Rent Estimate

£1,188

Running Costs/mo

£867

Cashflow/mo

£321

Cashflow/yr

£3,852

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £232K. £3.1K/m² to £5.2K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£285K04/210.18 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£253K02/210.4 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£385K06/230.42 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£205.5K09/210.43 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£85K06/210.45 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£215K02/230.45 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£160K12/200.46 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£80.8K03/210.46 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£220K12/220.54 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£254K11/210.57 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£260K02/230.58 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£242.5K11/210.58 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£270K11/200.63 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£320K06/230.64 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£212K11/200.64 mi73, Goodier Road, Chelmsford, Essex CM1 2GG2
£232.5K06/210.64 mi18, Goodier Road, Chelmsford, Essex CM1 2GG2
£233K12/210.64 mi41, Goodier Road, Chelmsford, Essex CM1 2GG2
£220K02/210.64 mi24, Goodier Road, Chelmsford, Essex CM1 2GG2
£248K04/230.64 mi20, Goodier Road, Chelmsford, Essex CM1 2GG2
£220K12/200.65 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£280K09/210.66 mi3, County Place, Chelmsford, Essex CM2 0RF2
£230K03/230.67 mi2, Tees Road, Chelmsford, Essex CM1 7QH2
£230K07/230.67 mi8, Tees Road, Chelmsford, Essex CM1 7QH2
£225K12/220.72 mi45, Waveney Drive, Chelmsford, Essex CM1 7PZ2
£218K03/210.72 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£282.5K11/210.72 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£177K06/210.73 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£275K03/210.74 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£313K06/210.76 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£310K05/230.76 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.76 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£202K11/200.76 mi19, Tamar Rise, Chelmsford, Essex CM1 7QL2
£205K05/210.77 mi9, Blackwater Close, Chelmsford, Essex CM1 7QJ2
£232K05/210.81 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£215K06/230.81 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£212.5K04/210.81 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£195K03/230.81 mi63, Tamar Rise, Chelmsford, Essex CM1 7QL2
£232K05/210.81 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.81 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£325K01/230.83 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£180K05/230.84 mi131, Kings Road, Chelmsford, Essex CM1 2BD2
£215K01/230.84 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£300K03/210.85 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£252.5K02/210.85 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£223K11/210.85 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£140K07/210.86 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£245K02/210.86 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.86 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£275K10/200.87 mi5, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£172K11/200.87 mi168, Kings Road, Chelmsford, Essex CM1 2BE2

Local Rents

50 rents from £1.1K/mo to £3.3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,15005/240.01 miDurrant Court, Brook Street, CM12
£1,25004/240.01 miDurrant Court, Brook Street, Chelmsford, CM12
£3,30002/240.03 mi-2
£1,40001/250.04 mi-2
£1,35004/240.04 miNew Street, Chelmsford2
£1,50004/240.05 miNew Street, Chelmsford, Essex, CM12
£1,47504/240.06 miNew Street, Chelmsford, CM12
£1,45004/240.06 miNew Street, Chelmsford, Essex2
£1,47504/240.06 miNew Street, Chelmsford, CM12
£1,20004/240.06 miNew Street, City Centre2
£1,35003/240.09 miVictoria Court, New Street, CM12
£1,40005/240.1 miBishop Road, CM12
£1,55004/240.15 miDunn Side, Chelmsford, CM12
£1,55005/240.15 mi-2
£1,55004/240.15 mi-2
£1,50004/240.19 miVictoria Court, New Street, Chelmsford, CM12
£1,45005/240.19 miVictoria Court, New Street, Chelmsford, CM12
£1,50002/240.2 mi-2
£1,40004/240.2 miVictoria Court, New Street, Chelmsford, CM12
£1,77503/250.2 mi-2
£1,55004/240.2 miDunn Side, Chelmsford2
£1,55004/240.2 miDunn Side, Chelmsford2
£1,70003/240.2 miRegina Road, Chelmsford2
£1,40003/240.2 miNew Street, Chelmsford2
£1,60004/240.2 miWatson Heights, Chelmsford, Essex, CM12
£1,50003/240.2 miVictoria Court, New Street, Chelmsford, Essex, CM12
£1,35004/240.2 miNew Street, Chelmsford, CM12
£1,45003/240.21 miWatson Heights, Chelmsford, Essex, CM12
£1,50004/240.21 miWatson Heights, Chelmsford, Essex, CM12
£1,50012/240.21 miWatson Heights, City Centre2
£1,39003/240.21 miHenry Road, Chelmsford2
£1,59504/240.21 miWatson Heights, Chelmsford, Essex, CM12
£1,60005/240.21 mi-2
£1,55005/240.22 mi-2
£1,55005/240.22 miWatson Heights, Chelmsford, CM12
£1,55005/240.22 miWatson Heights, Chelmsford2
£1,57503/240.22 miVictoria Road, Chelmsford2
£1,20004/240.23 miVictoria Court, Chelmsford2
£1,60004/240.23 miVictoria Court, Chelmsford2
£1,60004/240.23 miVictoria Court, Chelmsford2
£1,40004/240.23 miVictoria Court, CITY CENTRE, Chelmsford, CM1 1GP2
£1,60002/240.24 mi-2
£1,55003/240.26 miVictoria Road, Chelmsford2
£1,50004/240.26 miCity Place, Victoria Road, Chelmsford2
£1,55004/240.26 miFlat 1 7 Victoria Road Chelmsford CM1 1NZ2
£1,40003/250.27 mi-2
£1,55004/240.27 miMarconi Road, Chelmsford2
£1,40004/240.29 miVictoria Crescent, Chelmsford2
£1,40004/240.29 miVictoria Crescent, Chelmsford2
£1,40004/240.29 miVictoria Crescent, CITY CENTRE, Chelmsford, CM1 1QF2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £195,000

February 8, 2025

Listed for £210,000

December 27, 2024

Floor Plans

Description

  • Two bedroom third floor conversion apartment +
  • Spacious rooms +
  • Security entry system +
  • Secure parking space +
  • Ideal for first-time buyers or investors +
  • Located within a quarter of a mile of the city centre and mainline train station +

Beresfords are delighted to offer this third floor apartment within the iconic Durrant Court, a former ballbearings factory within a quarter of a mile of the city centre and mainline station. The property is offered for sale, in our opinion, in good decorative order and benefits from a Share of the Freehold, an on-site caretaker, security entry phone, lift and stair access and a secure parking space. This property would make a super home or represent a good investment. An internal viewing is strongly recommended.

Agent Details

Beresfords, Chelmsford

01245 945593

Next Steps?

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