2 Bed Flat, Single Let, Halstead, CO9 1AN, £170,000

77 White Horse Avenue, Halstead, CO9 1AN - 7 views - 3 months ago

Leasehold

BTL

ROI: 4%

72 m²

+4 photos

ValuationUndervalued

Sold Prices	£110K - £291.5K
Sold Prices/m²	£2.1K/m² - £3.8K/m²

Square Metres	72 m²
Price/m²	£2.4K/m²
Value Estimate	£204,781£204,781
BMV	17%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£42,500£42,500
Stamp Duty & Legal Fees	£6,450£6,450
Total Cash In	£48,950£48,950

Cash Out
Rent Range	£825 - £4,435£825 - £4,435
Rent Estimate	£895
Running Costs/mo	£730£730
Cashflow/mo	£165£165
Cashflow/yr	£1,977£1,977
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

21 sold prices from £110K to £291.5K, average is £166K. £2.1K/m² to £3.8K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£155K	11/20	0.03 mi	77, White Horse Avenue, Halstead, Essex CO9 1AN	£2,153	72	2	Flat
£136.5K	11/20	0.14 mi	47a, Parker Way, Halstead, Essex CO9 1NT	£2,068	66	2	Flat
£170K	07/22	0.22 mi	Flat 4, Courtlands, Abels Road, Halstead, Essex CO9 1UT	-	-	2	Flat
£141.5K	09/21	0.22 mi	Flat 14, Courtlands, Abels Road, Halstead, Essex CO9 1UT	-	-	2	Flat
£110K	03/23	0.36 mi	22, Knowles Close, Halstead, Essex CO9 1BZ	-	-	2	Flat
£185K	04/23	0.41 mi	7a, New Street, Halstead, Essex CO9 1DD	£3,364	55	2	Flat
£142.5K	07/21	0.53 mi	126, Mill Bridge, Halstead, Essex CO9 2TD	£2,639	54	2	Flat
£170K	04/23	0.53 mi	104, Mill Bridge, Halstead, Essex CO9 2TD	£3,696	46	2	Flat
£170K	02/23	0.54 mi	84, Mill Bridge, Halstead, Essex CO9 2TD	£3,119	55	2	Flat
£160K	06/22	0.54 mi	138, Mill Bridge, Halstead, Essex CO9 2TD	£2,963	54	2	Flat
£147K	07/22	0.54 mi	70, Mill Bridge, Halstead, Essex CO9 2LP	-	-	2	Flat
£178K	05/23	0.54 mi	66, Mill Bridge, Halstead, Essex CO9 2LP	-	-	2	Flat
£177K	03/21	0.62 mi	4, Beridge Mews, Halstead, Essex CO9 1FG	£2,529	70	2	Flat
£127.5K	04/21	0.62 mi	Flat 52, Riverside Court, Rosemary Lane, Halstead, Essex CO9 1FD	-	-	2	Flat
£130K	05/21	0.64 mi	Flat 12, Parsons Court, St Andrews Road, Halstead, Essex CO9 2TF	£3,348	39	2	Flat
£291.5K	07/23	0.66 mi	Flat 5, Congregation House, Parsonage Street, Halstead, Essex CO9 2JW	£3,068	95	2	Flat
£165K	01/23	0.71 mi	18, Elizabeth Way, Halstead, Essex CO9 2DT	£3,750	44	2	Flat
£190K	07/23	0.74 mi	41, Evans Court, Halstead, Essex CO9 2GE	£3,455	55	2	Flat
£270K	09/21	0.91 mi	2, North Mill Place, Halstead, Essex CO9 2FA	£2,621	103	2	Flat
£190K	06/22	0.94 mi	32, Colne Road, Halstead, Essex CO9 2HU	£2,921	65	2	Flat
£166K	08/22	1 mi	Flat 2, Coggeshall Pieces, Colne Road, Halstead, Essex CO9 2HP	-	-	2	Flat

Local Rents

14 rents from £825/mo to £4.4K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	12/24	0.2 mi	St. James Close, Halstead, Essex, CO9	2	Flat
£4,435	12/24	0.34 mi	Kings Road, Halstead, CO9	2	Flat
£895	12/24	0.38 mi	Trinity Road, Halstead	2	Terraced House
£1,650	12/24	0.38 mi	-	2	Semi-Detached House
£1,600	03/25	0.38 mi	-	2	Semi-Detached House
£1,800	11/24	0.38 mi	-	2	Semi-Detached House
£1,700	03/25	0.38 mi	-	2	Semi-Detached House
£1,000	12/24	0.4 mi	Harper Lane, HALSTEAD	2	Flat
£895	12/24	0.4 mi	Trinity Road, Halstead, Essex, CO9	2	Terraced House
£1,100	12/24	0.41 mi	New Street, Halstead, Essex, CO9	2	Flat
£895	12/24	0.41 mi	New Street, Halstead, Essex, CO9	2	Terraced House
£1,100	12/24	0.46 mi	-	2	Semi-Detached House
£895	12/24	0.53 mi	Millbridge, Halstead	2	Flat
£825	12/24	0.6 mi	Parsons Court, Halstead	2	Flat

Local Area Statistics

Population in CO9	25,16225,162
Town centre distance	0.55 miles away0.55 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	5.27 miles away5.27 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+41%+41%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+4%+4%

Property History

Price changed to £170,000

February 28, 2025

Listed for £175,000

January 17, 2025

Floor Plans

Description

GROUND FLOOR FLAT +
TWO BEDROOMS +
LOUNGE/ DINER +
GAS HEATING +
UPVC DOUBLE GLAZING +
COMMUNUAL PARKING +
COUNCIL TAX BAND A +
FOUR PIECE BATHROOM SUITE +
IDEAL FOR FIRST TIME BUYERS +
EDGE OF TOWN +

Located on the edge of Halstead town, Scott Maddison are pleased to offer for sale this spacious two bedroom ground floor flat on White Horse Avenue. The accommodation comprises of fitted kitchen with a cupboard housing the boiler, four piece bathroom suite and a lounge/ diner to the front of the property. Continuing through there are two double bedrooms, each with their own storage cupboard. Outside there is non allocated residents parking. The flat also offers two storage cupboards; one in the communal hallway and one to the lower ground floor level.
This property is ideal for first time buyers or investment purchasers. Early viewing is advised.

Services - We understand that mains electricity, water and drainage are connected to the property.

Lease Information - We understand from the seller there are approximately 102 years left on the lease. The ground rent is £10 per annum and the service charge is £80 per month.

Agent Details

Scott Maddison, Halstead

01787 322351

Next Steps?

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

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