2 Bed Flat, Single Let, Chelmsford, CM2 0DD, £180,000

Baddow Road, Chelmsford, CM2 0DD - 2 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£85K - £385K
Sold Prices/m²£1.9K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£217,800
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£950 - £2,050

Rent Estimate

£973

Running Costs/mo

£777

Cashflow/mo

£196

Cashflow/yr

£2,351

ROI

5%

Gross Yield

6%

Local Sold Prices

50 sold prices from £85K to £385K, average is £233.8K. £1.9K/m² to £5.5K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£245K02/210.08 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.08 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£275K10/200.08 mi5, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£195K08/210.13 miFlat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£190K03/210.13 miFlat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£232.5K07/230.13 miFlat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£320K06/230.2 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£270K11/200.21 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£215K03/230.24 mi172, Baddow Road, Chelmsford, Essex CM2 9QW2
£300K03/210.26 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£254K11/210.26 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£242.5K11/210.26 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£260K02/230.27 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£252.5K02/210.27 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£140K07/210.31 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£280K09/210.38 mi3, County Place, Chelmsford, Essex CM2 0RF2
£385K06/230.38 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£215K07/230.38 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£160K12/200.39 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£220K12/200.43 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£275K03/210.44 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£240K10/210.47 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£232K05/210.48 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.49 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.49 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£225K04/210.49 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/200.49 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£250K07/230.5 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£235K01/230.51 mi10, Waterson Vale, Chelmsford, Essex CM2 9PB2
£215K01/230.52 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£223K11/210.53 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£247.5K01/230.54 mi5, Goodwin Close, Chelmsford, Essex CM2 9GX2
£237K06/210.54 mi21, Goodwin Close, Chelmsford, Essex CM2 9GX2
£215K02/230.56 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£313K06/210.61 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£310K05/230.62 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.62 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£225K12/220.62 mi114, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£107.5K12/200.62 mi6, Searle Close, Chelmsford, Essex CM2 9GB2
£237.5K09/210.63 mi17, Searle Close, Chelmsford, Essex CM2 9GB2
£120K05/230.63 mi1, Searle Close, Chelmsford, Essex CM2 9GB2
£325K01/230.64 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£85K06/210.64 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£225K12/220.64 mi134, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£197.5K06/210.64 mi126, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£201K08/210.64 mi132, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£222.5K03/230.64 mi120, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£203K02/210.64 mi26, Gerard Gardens, Chelmsford, Essex CM2 9GD2
£207.5K05/230.65 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£307.5K07/230.65 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2

Local Rents

50 rents from £950/mo to £2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,10004/240 miParkway House, 49 Baddow Road, CM22
£1,25003/240.01 miParkway House2
£1,30003/250.05 mi-2
£1,40003/240.09 miLynmouth Avenue, Chelmsford2
£1,25003/240.13 miBurwood Court, Goldlay Avenue2
£1,40005/240.14 miMildmay Road, Chelmsford2
£1,37505/240.15 mi-2
£1,20003/250.16 mi-2
£1,60005/240.17 miWharf road, Chelmsford2
£1,65004/240.18 miWharf road, Chelmsford2
£1,30003/240.18 miMildmay Road, Chelmsford, CM22
£95003/240.19 miBaddow Road, CM22
£1,75004/240.19 mi236 Wharf Road, CM22
£2,05010/230.2 miWharf Road, Chelmsford2
£1,59504/240.2 miThe Waterfront, Wharf Road, Chelmsford2
£1,59504/240.2 miWharf Road, Chelmsford2
£1,15004/240.21 miMildmay Road, Old Moulsham, Chelmsford, Essex, CM2 0DZ2
£1,35004/240.21 miMoulsham Street, Chelmsford2
£1,20003/250.22 mi-2
£1,45004/240.22 miCanside, Chelmsford, CM12
£1,49504/240.22 miRoman Road, Old Moulsham, CM22
£1,39002/250.22 mi-2
£1,66204/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,47504/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,45503/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,47004/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,48505/240.23 miWharf Road, Chelmsford, Essex, CM22
£1,45003/240.23 miNavigation Road, Chelmsford2
£1,55005/240.23 miCressy Quay, Chelmsford2
£1,55005/240.24 miCressy Quay, Chelmsford, Essex, CM22
£1,47510/230.24 miSpringfield Basin, Chelmsford2
£1,25010/230.24 miSpringfield Basin, Wharf Road, Chelmsford, Essex, CM22
£99503/240.25 miMoulsham Street, Old Moulsham2
£1,49004/240.25 miWharf Road, Chelmsford, Essex, CM22
£1,49003/240.25 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.25 miWharf Road, One Canalside, Chelmsford, CM22
£1,30004/240.26 miOrchard Street, Chelmsford, CM22
£1,29503/240.26 miCoates Quay, Chelmsford, Essex, CM22
£1,19503/240.27 miCoates Quay, Chelmsford2
£1,27503/240.27 miLockside Marina, Chelmsford2
£1,42505/240.27 miLockside Marina, CHELMSFORD2

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

0.82 miles away

Nearest school

0.50 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £180,000

January 10, 2025

Floor Plans

Description

  • Second Floor Apartment +
  • Spacious Throughout +
  • Two Double Bedrooms +
  • City Centre Location +
  • No Onward Chain +
  • Perfect First Time Buy/Investment Buy +

Located in the heart of Chelmsford’s vibrant city centre, this modern two-bedroom apartment is a fantastic opportunity for first-time buyers or investors. Offered with no onward chain, the property is situated just a short walk from the city centre, making it an ideal choice for those seeking convenience and contemporary living.

This second-floor apartment boasts a spacious layout throughout, featuring a welcoming entrance hall that leads into a bright and airy open-plan lounge and kitchen, perfect for entertaining or relaxing after a long day. Both bedrooms are generously sized doubles and include built-in wardrobes, providing excellent storage solutions. The property is completed by a well-appointed family bathroom, ensuring a comfortable and practical home environment.

Chelmsford city centre is well-known for its lively atmosphere and abundance of amenities. A thriving nightlife offers a great selection of bars and restaurants, ranging from independent family-run establishments to well-known chains offering cuisines from across the globe. For shopping, residents can enjoy the pedestrianised High Street, two shopping precincts, and the highly popular Bond Street area, home to the iconic John Lewis store. Leisure options include the Riverside Ice Rink and Leisure Centre, offering plenty of activities for all ages.

For commuters, Chelmsford’s mainline station provides direct services to London Liverpool Street in as little as 28 minutes, making it ideal for those working in the capital. Additionally, the property benefits from its proximity to the A12 and A414, offering easy access to the M25 and M11 motorways.

Families will appreciate Chelmsford’s reputation for outstanding schools. Top-rated primary schools include The Tyrells, Barnes Farm, and Newlands Spring, all classified as Outstanding by Ofsted. At the secondary level, Chelmsford County High School for Girls and King Edward VI Grammar School are nationally renowned, while The Boswells School is also highly regarded for its excellent features.

With its spacious layout, two double bedrooms, built-in wardrobes, and enviable city centre location, this apartment offers both style and practicality. It’s an ideal purchase for first-time buyers or investors looking to secure a property in one of Chelmsford’s most sought-after areas. Arrange your viewing today to avoid missing out!

Agent Details

haart, Chelmsford

01245 945473

Next Steps?

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