2 Bed Flat, Single Let, Chelmsford, CM2 9PB, £210,000

Waterson Vale, Chelmsford, CM2 9PB - 3 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£107.5K - £320K
Sold Prices/m²£1.9K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£262,500
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

£1,095 - £1,950

Rent Estimate

£1,100

Running Costs/mo

£896

Cashflow/mo

£204

Cashflow/yr

£2,445

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £107.5K to £320K, average is £233.8K. £1.9K/m² to £5.5K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£235K01/230.01 mi10, Waterson Vale, Chelmsford, Essex CM2 9PB2
£215K07/230.13 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£225K04/210.13 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/200.13 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£247.5K01/230.21 mi5, Goodwin Close, Chelmsford, Essex CM2 9GX2
£237K06/210.21 mi21, Goodwin Close, Chelmsford, Essex CM2 9GX2
£107.5K12/200.26 mi6, Searle Close, Chelmsford, Essex CM2 9GB2
£237.5K09/210.27 mi17, Searle Close, Chelmsford, Essex CM2 9GB2
£120K05/230.27 mi1, Searle Close, Chelmsford, Essex CM2 9GB2
£212.5K06/210.29 mi44, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£206K09/210.29 mi42, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£215K08/230.29 mi40, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£250K04/210.29 mi106, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£215K03/230.3 mi172, Baddow Road, Chelmsford, Essex CM2 9QW2
£203K02/210.31 mi26, Gerard Gardens, Chelmsford, Essex CM2 9GD2
£195K08/210.37 miFlat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£190K03/210.37 miFlat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£232.5K07/230.37 miFlat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£225K12/220.4 mi114, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£225K12/220.42 mi134, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£197.5K06/210.42 mi126, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£201K08/210.42 mi132, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£222.5K03/230.42 mi120, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£275K10/200.43 mi5, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.44 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.44 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£250K03/210.53 mi32, Lambourne Chase, Chelmsford, Essex CM2 9FF2
£191.5K08/210.56 mi51, Mascalls Way, Chelmsford, Essex CM2 7NR2
£195K11/210.56 mi19, Mascalls Way, Chelmsford, Essex CM2 7NR2
£140K07/210.57 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£300K03/210.57 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£252.5K02/210.58 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£290K03/230.58 mi18, Pearl Square, Chelmsford, Essex CM2 9FP2
£240K10/210.61 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£250K07/230.62 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£247K12/200.68 miFlat 14, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£260K03/210.68 miFlat 34, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£238K07/230.68 miFlat 23, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£320K06/230.68 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£270K11/200.7 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£218K02/230.73 mi84, Readers Court, Chelmsford, Essex CM2 8HA2
£242.5K11/210.75 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£260K02/230.75 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£254K11/210.75 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£280K09/210.76 mi3, County Place, Chelmsford, Essex CM2 0RF2
£232K05/210.77 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.77 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.77 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£275K03/210.77 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£223K11/210.78 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2

Local Rents

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

RentDateDistanceAddressBeds 
£1,50002/240.13 mi-2
£1,50002/250.13 mi-2
£1,09503/240.13 miAmcotes Place, CM22
£1,50003/250.14 mi-2
£1,45003/240.17 miWallace Crescent, Chelmsford, CM22
£1,30005/240.2 miGoodwin Close, CM22
£1,10010/230.21 miGoodwin Close, Great Baddow, Chelmsford2
£1,50003/250.25 mi-2
£1,29503/240.25 miAsh Grove, Chelmsford, Essex, CM22
£1,20004/240.26 miBaddow Road, Chelmsford2
£1,30004/240.26 miBaddow Road, Chelmsford2
£1,22504/240.29 miSearle Close, Chelmsford2
£1,09504/240.29 miHarberd Tye, CHELMSFORD2
£1,30003/240.29 miHarberd Tye, Great Baddow, CM22
£1,19505/240.34 miHarberd Tye, Great Baddow2
£1,27504/240.35 miBaddow Road, Chelmsford2
£1,27505/240.35 miBaddow Road, Chelmsford2
£1,75004/240.36 mi-2
£1,75005/240.36 mi-2
£1,75003/250.36 mi-2
£1,75005/240.36 miBaddow Road, Chelmsford, CM22
£1,75004/240.36 miBaddow Road, Chelmsford, CM2N/A
£1,25003/240.37 miBurwood Court, Goldlay Avenue2
£1,95004/240.37 miChelwater, Great Baddow, Chelmsford, CM22
£1,95005/240.37 mi-2
£1,40002/250.4 mi-2
£1,10003/240.41 miMeadgate Avenue, CM22
£1,40003/240.41 miLynmouth Avenue, Chelmsford2
£1,30003/250.45 mi-2
£1,15004/240.5 miMildmay Road, Old Moulsham, Chelmsford, Essex, CM2 0DZ2
£1,10004/240.5 miParkway House, 49 Baddow Road, CM22
£1,66204/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,47504/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,45503/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,47004/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,48505/240.5 miWharf Road, Chelmsford, Essex, CM22
£1,30003/240.5 miMildmay Road, Chelmsford, CM22
£1,60005/240.51 miWharf road, Chelmsford2
£1,25003/240.51 miParkway House2
£1,49004/240.51 miWharf Road, Chelmsford, Essex, CM22
£1,49003/240.51 miWharf Road, Chelmsford, Essex, CM22

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.24 miles away

Nearest school

0.40 miles away

Nearest train station

1.11 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 30, 2024

Sold for £90,250

2000

Floor Plans

Description

  • No Onward Chain +
  • Sought After Location +
  • Close To City & Amenities Including Station +
  • Ground Floor Apartment +
  • Modern Apartment +
  • Allocated Parking +
  • Gas Central Heating +
  • Communal Gardens +

The Property
Purplebricks are delighted to offer for sale this two bedroom ground floor purpose built apartment being situated in close proximity of Old Moulsham and its plentiful amenities, whilst the main City Centre is also within striking distance. The apartment itself offers in our opinion bright and spacious accommodation in addition to allocated parking for both residents and visitors, gas central heating and double glazing throughout.

All measurements are shown on the floor plan. Viewing is strongly recommended and can be booked 24/7 via the Purplebricks website & app.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Chelmsford

020 3910 0889

Next Steps?

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