2 Bed Flat, Single Let, Chelmsford, CM2 6UB, £190,000

Ramshaw Drive, Chelmsford, Essex, CM2 6UB - 2 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£150K - £320K
Sold Prices/m²£2.6K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£228,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£1,050 - £1,550

Rent Estimate

£1,088

Running Costs/mo

£831

Cashflow/mo

£257

Cashflow/yr

£3,080

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £150K to £320K, average is £210K. £2.6K/m² to £5.2K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£196.5K03/230 mi136, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£198K03/210 mi34, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£211K02/210 mi42, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£215K01/210 mi66, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£219K02/230 mi46, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£210K10/210.07 mi28, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£202.5K03/230.07 mi56, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£255K07/230.07 mi23, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£255K03/230.07 mi53, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£240K02/230.09 mi23, 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
£245K01/210.12 mi78, Chelmer Road, Chelmsford, Essex CM2 6AB2
£217K05/210.14 mi169, Pollards Green, Chelmsford, Essex CM2 6UX2
£190K05/210.15 mi42, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£188K01/210.15 mi30, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£210K03/210.28 mi31, Salter Place, Chelmsford, Essex CM2 6UU2
£205K12/200.29 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£210K12/200.29 mi27, Fawkner Close, Chelmsford, Essex CM2 6UP2
£242.5K06/230.29 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£208K10/200.31 mi23, Goddard Way, Chelmsford, Essex CM2 6UR2
£208K10/200.31 mi23, Goddard Way, Chelmsford, Essex CM2 6UR2
£245K03/230.47 mi290, Springfield Road, Chelmsford, Essex CM2 6BA2
£240K07/210.49 mi367, Springfield Road, Chelmsford, Essex CM2 6AW2
£200K02/210.55 mi394, Springfield Road, Chelmsford, Essex CM2 6AT2
£220K12/200.62 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£245K10/200.63 mi11, Oasis Court, Chelmsford, Essex CM2 6JU2
£215K02/230.67 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£252.5K02/210.77 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£300K03/210.77 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£177K06/210.79 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£161.3K03/210.79 mi25, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£157.5K09/210.79 mi29, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£250K01/230.8 mi66, Eglinton Drive, Chelmsford, Essex CM2 6YL2
£160K12/200.82 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£242.5K11/210.84 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£260K02/230.84 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£205.7K05/230.85 mi9, Canvey Walk, Chelmsford, Essex CM1 6LB2
£189.5K11/210.85 mi33, Canvey Walk, Chelmsford, Essex CM1 6LB2
£210K12/220.85 mi49, Canvey Walk, Chelmsford, Essex CM1 6LB2
£254K11/210.86 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£320K06/230.86 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£270K11/200.86 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£165K02/210.88 mi42, Bryant Link, Springfield, Chelmsford, Essex CM2 6GZ2
£203K08/230.88 mi29, Azalea Court, Chelmsford, Essex CM1 6YL2
£150K06/210.89 mi139, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£186K02/230.89 mi65, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£191.5K08/210.9 mi51, Mascalls Way, Chelmsford, Essex CM2 7NR2
£195K11/210.9 mi19, Mascalls Way, Chelmsford, Essex CM2 7NR2
£181K07/230.92 mi84, Foxglove Way, Chelmsford, Essex CM1 6QR2

Local Rents

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

RentDateDistanceAddressBeds 
£1,20004/240 miRamshaw Drive, Chelmsford, Essex, CM22
£1,15004/240.02 miRamshaw Drive, Chelmsford2
£1,20003/240.02 miRamshaw Drive, Chelmer Village2
£1,45003/240.03 miRamshaw Drive, Chelmsford2
£1,35004/240.03 miRamshaw Drive, Chelmsford2
£1,30002/240.05 mi-2
£1,15005/240.07 miEarlsfield Drive, Chelmer Village, Chelmsford, CM22
£1,05003/240.11 miKerby Rise, CM22
£1,25004/240.21 miCavendish Gardens, Chelmsford, Essex, CM22
£1,40003/240.26 mi-2
£1,45003/240.26 miBankart Lane, Chelmsford, CM22
£1,40003/240.26 miInkerpole Place, Chelmsford2
£1,30003/240.27 miGilson Close, CHELMSFORD2
£1,30003/240.27 miGilson Close, Chelmer Village, Chelmsford, Essex, CM22
£1,40003/250.28 mi-2
£1,55005/240.29 mi-2
£1,55004/240.29 miBurgess Field, Chelmsford, CM22
£1,42503/240.39 miGainsborough Crescent, Chelmsford, CM22
£1,35005/240.4 miSandford Road, Chelmsford, CM2 6DE2
£1,47504/240.43 miWoodroffe Close, CM22
£1,30005/240.46 miSpringfield Road, Chelmsford2
£1,50004/240.47 miChelmer Road, Chelmsford2
£1,20003/240.47 miSpringfield Road, CM22
£1,39504/240.5 miSaywell Brook, Chelmsford2
£1,15003/240.53 miSpringfield Road, CM22
£1,35003/240.54 miSandford Court, Sandford Road, Chelmsford, Essex, CM22
£1,40003/250.59 mi-2
£1,25004/240.6 miLionfield Terrace, Chelmsford, CM12
£1,35003/240.62 miHill Road, Chelmsford City Centre, CM2 6HP2

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.47 miles away

Nearest school

0.40 miles away

Nearest train station

1.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £190,000

January 9, 2025

Floor Plans

Description

  • GUIDE PRICE £190,000 - £200,000 +
  • Close to Local Amenities +
  • No Onward Chain +
  • Long Lease +
  • Top Floor Flat +
  • Purchaser Liable to Pay Estate Agent Fee's +

*GUIDE PRICE £190,000 - £200,000*

Property Solutions Group are a legal specialist property company, active in markets sectors such as but not limited to probate, court of protection and the wider legal sector. We are proud to present to the market this immaculate 2 bedroom, second floor flat, located in Chelmer Village.

The property comprises of 2 bedrooms, w/c, kitchen and spacious living room.

This property is sold as seen in its current condition, excluding chattels and has been priced accordingly.

A purchaser whose offer is accepted by the seller will be required to pay Property Solutions Group (South East) Limited an administration fee of £500 in order to proceed to contracts, refundable only if the seller withdraws from the proposed transaction without reasonable grounds.

The purchaser will be responsible for paying Property Solutions Group (South East) Limited a buyer's premium of £3,500 or 2% (whichever is the higher) of the total purchase price paid for the property and any contents plus VAT. The buyer's premium will become due and payable by the purchaser to Property Solutions Group (South East) Limited on exchange of contracts. Terms and conditions apply.

Agent Details

Property Solutions Group, Earls Colne

01788 223230

Next Steps?

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