2 Bed Flat, Single Let, Chelmsford, CM2 6HU, £220,000

Coates Quay, Chelmsford, CM2 6HU - 3 months ago

Leasehold
BTL
ROI: 4%
~51 m²
+4 photos

ValuationOvervalued

Sold Prices£80.8K - £385K
Sold Prices/m²£3.1K/m² - £5.5K/m²

 

 

Square Metres

~50.91 m²
Price/m²£4.3K/m²

Value Estimate

£202,902

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Total Cash In

£69,100

 

 

Cash Out

 

Rent Range

£950 - £2,050

Rent Estimate

£1,159

Running Costs/mo

£939

Cashflow/mo

£220

Cashflow/yr

£2,636

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £238.5K. £3.1K/m² to £5.5K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£242.5K11/210 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£260K02/230 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£254K11/210.03 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£270K11/200.05 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£320K06/230.06 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£160K12/200.13 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£385K06/230.22 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£220K12/200.22 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£300K03/210.27 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£252.5K02/210.28 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£215K02/230.3 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£245K02/210.34 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.34 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£275K10/200.35 mi5, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£195K08/210.38 miFlat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£190K03/210.38 miFlat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£232.5K07/230.38 miFlat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£280K09/210.44 mi3, County Place, Chelmsford, Essex CM2 0RF2
£215K03/230.46 mi172, Baddow Road, Chelmsford, Essex CM2 9QW2
£285K04/210.48 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£140K07/210.5 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£275K03/210.53 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£85K06/210.57 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£232K05/210.6 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.61 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.61 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£80.8K03/210.62 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£215K07/230.64 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£215K01/230.64 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£253K02/210.64 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£223K11/210.65 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£240K10/210.66 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£313K06/210.67 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£310K05/230.68 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.68 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£250K07/230.69 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£190K05/210.7 mi42, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£188K01/210.7 mi30, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£220K12/220.72 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£245K01/210.72 mi78, Chelmer Road, Chelmsford, Essex CM2 6AB2
£325K01/230.73 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£205.5K09/210.73 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£247.5K01/230.74 mi5, Goodwin Close, Chelmsford, Essex CM2 9GX2
£237K06/210.74 mi21, Goodwin Close, Chelmsford, Essex CM2 9GX2
£225K04/210.75 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/200.75 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£205K12/200.75 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£210K12/200.75 mi27, Fawkner Close, Chelmsford, Essex CM2 6UP2
£242.5K06/230.75 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£235K01/230.75 mi10, Waterson Vale, Chelmsford, Essex CM2 9PB2

Local Rents

50 rents from £950/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,19503/240 miCoates Quay, Chelmsford2
£1,29503/240 miCoates Quay, Chelmsford, Essex, CM22
£1,47510/230.03 miSpringfield Basin, Chelmsford2
£1,25010/230.03 miSpringfield Basin, Wharf Road, Chelmsford, Essex, CM22
£1,45003/240.06 miNavigation Road, Chelmsford2
£1,55005/240.06 miCressy Quay, Chelmsford2
£1,55005/240.06 miCressy Quay, Chelmsford, Essex, CM22
£1,60005/240.06 miNavigation Yard, CHELMSFORD2
£1,60005/240.06 miNavigation Yard, Chelmsford2
£2,05010/230.06 miWharf Road, Chelmsford2
£1,59504/240.06 miThe Waterfront, Wharf Road, Chelmsford2
£1,59504/240.06 miWharf Road, Chelmsford2
£1,25003/240.08 miSandringham Place, Chelmsford2
£1,20003/250.12 mi-2
£1,59503/240.13 miSpringfield Road, Chelmsford2
£1,60004/240.13 miSpringfield Road, CHELMSFORD2
£1,30004/240.15 miRosebery House, Springfield Road, Chelmsford, CM2 6ZP2
£1,55004/240.15 miRivers House, Chelmsford2
£1,45004/240.16 miRivers House, 129 Springfield Road, Chelmsford, Essex, CM22
£1,35003/240.16 miNavigation Road, Chelmsford, Essex, CM22
£1,35003/240.16 miNavigation Road, Chelmsford, Essex2
£1,35004/240.16 miNavigation Road, Chelmsford, Essex2
£1,70002/240.16 mi-2
£1,35003/240.19 mi-2
£1,35004/240.19 mi-2
£1,60003/240.21 miRivers House, Springfield Road, Chelmsford, CM22
£1,50004/240.21 miRivers House, Springfield Road, Chelmsford, CM22
£1,75004/240.22 mi236 Wharf Road, CM22
£1,65004/240.22 miBond Street, Chelmsford2
£1,51704/240.22 miBond Street, CHELMSFORD, Essex, CM12
£1,35003/240.22 miHill Road, Chelmsford City Centre, CM2 6HP2
£1,20003/240.23 miSpringfield Road2
£1,40003/240.24 miBond Street, Chelmsford, CM12
£1,40003/240.24 mi-2
£1,45004/240.25 miCanside, Chelmsford, CM12
£1,50004/240.25 miBond Street, Chelmsford, Essex, CM12
£1,65004/240.25 miWharf road, Chelmsford2
£1,35004/240.26 miMoulsham Street, Chelmsford2
£1,25003/240.26 miParkway House2
£1,10004/240.27 miParkway House, 49 Baddow Road, CM22
£1,60005/240.27 miWharf road, Chelmsford2
£1,19503/240.27 miLockside Marina, CM22
£1,27503/240.28 miLockside Marina, Chelmsford2
£1,40004/240.28 miLockside Marina, Chelmsford, CM2 6HF2
£1,42504/240.28 miLockside Marina, CHELMSFORD2
£1,42505/240.28 miLockside Marina, CHELMSFORD2
£1,40005/240.28 miLockside Marina, Chelmsford, CM2 6HF2
£1,30003/240.28 mi-2
£95003/240.28 miBaddow Road, CM22
£1,19503/240.3 miAbbotts Place, Chelmsford, Essex, CM22

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

0.74 miles away

Nearest school

0.30 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £220,000

February 12, 2025

Listed for £235,000

January 10, 2025

Floor Plans

Description

  • Second Floor Apartment +
  • Two Bedrooms +
  • Living/Dining Room +
  • Fitted kitchen +
  • Bathroom With Modern White Suite +
  • Allocated Parking Space +
  • Views Over Springfield Basin +
  • City Centre Location +
  • No Onward Chain +
  • Viewing Highly Recommended +

GUIDE PRICE £220,000 - £230,000 This modern second floor apartment comprises an entrance hall, open plan kitchen/living room with fitted kitchen offering built in appliances, double doors overlook Springfield Basin and the River Chelmer, two bedrooms and bathroom with white suite. Externally the property is set in communal grounds with residents parking with an allocated parking space. LOCATION Coates Quay is situated within Chelmsford City Centre, within easy access of High Street and mainline station. Chelmsford city centre offers a fantastic range of places to socialise and eat with a wide range of restaurants from small family run independent ones to larger well know chains serving cuisines from around the world. Along with a thriving nightlife with a selection of bars, there are two theatres including the Civic Theatre and two multi-screen cinemas. The pedestrianised High Street, two shopping precincts, retail parks as well as several designer stores in the popular Bond Street ensure residents benefit from a wide choice of shopping facilities. Chelmsford offers a comprehensive range of leisure and sporting facilities with a selection of gyms, the newly refurbished Riverside Ice & Leisure Centre, a selection of golf courses and sports clubs. Chelmsford is the home to Essex County Cricket Club. The Cathedral is in the heart of the city. Chelmsford is renowned for its educational excellence and, alongside the local schools, it offers two of the country’s top performing grammar schools, Writtle Agricultural College, Anglian Ruskin University, and several private schools. There is a selection of parks and open spaces within close proximity. It is a pleasant riverside walk through to the city centre. The Chelmer Valley Nature Trail is just minutes away as is the Riverside retail park. Chelmsford is a sought-after commuting city with a mainline station offering a direct service to London Liverpool St with a journey time as fast as 32 minutes. **Lease - **125 year lease from 30th October 1997. **Ground Rent **- £150 per annum. **Service Charge **- £1413 per annum. **Council Tax Band - **C **EPC Rating - **C

Agent Details

Bond Residential, Chelmsford

01245 945696

Next Steps?

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