2 Bed Flat, Single Let, Chelmsford, CM1 3GN, £200,000

Rookes Crescent, Chelmsford, CM1 3GN - 3 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£80.8K - £325K
Sold Prices/m²£2K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£240,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£1,075 - £1,600

Rent Estimate

£1,200

Running Costs/mo

£885

Cashflow/mo

£315

Cashflow/yr

£3,780

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80.8K to £325K, average is £216.5K. £2K/m² to £5.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£225K10/210 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£225K10/210.04 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.04 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.04 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K03/210.05 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£197.5K01/210.05 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£213K10/200.05 mi5, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.05 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£195K01/230.06 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£205K01/230.07 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£186K08/210.07 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£184K12/200.08 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£202K03/230.08 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£254K03/230.14 miFlat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£250K04/230.14 miFlat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£260K01/210.15 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£215K04/210.19 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.19 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£207.5K05/230.21 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£307.5K07/230.22 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£200K03/210.26 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£325K01/230.31 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£175K02/210.33 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£227.5K12/220.35 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£112.5K01/230.35 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£223K11/210.36 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£215K01/230.37 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£200K05/230.37 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£310K05/230.38 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.38 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.39 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£183K06/210.4 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£250K07/230.4 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£183K06/210.4 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.4 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£232K05/210.4 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.4 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.41 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£240K10/210.42 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£275K03/210.48 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£282.5K11/210.51 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£140K07/210.56 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£218K03/210.57 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£265K01/210.57 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.57 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£280K09/210.57 mi3, County Place, Chelmsford, Essex CM2 0RF2
£195K11/210.62 mi18, Sherwood Drive, Chelmsford, Essex CM1 3DN2
£220K12/220.65 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.69 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2

Local Rents

50 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25004/240 miRookes Crescent, Chelmsford2
£1,30005/240 miRookes Crescent, Chelmsford2
£1,25004/240 miRookes Crescent, Chelmsford, Essex, CM12
£1,20003/240.06 miParkinson Drive, Chelmsford2
£1,30003/250.07 mi-2
£1,20004/240.07 miEvelyn Place, CM12
£1,30004/240.08 miCrompton Street, Chelmsford, CM12
£1,35004/240.08 miCrompton Street, Chelmsford2
£1,30003/250.08 mi-2
£1,07504/250.08 mi-2
£1,20003/240.08 miParkinson Drive, Chelmsford, CM1 3GW2
£1,40012/240.08 mi-2
£1,17503/240.1 miParkinson Drive, CHELMSFORD2
£1,30004/240.1 miParkinson Drive, Chelmsford2
£1,20005/240.1 miParkinson Drive, CHELMSFORD2
£1,20003/240.1 miParkinson Drive, CM12
£1,60004/240.1 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.1 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,50004/240.12 miCrompton Street, Chelmsford, CM12
£1,40004/240.12 miCrompton Street, Chelmsford2
£1,35003/240.15 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.15 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,10004/240.17 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,25002/240.19 mi-2
£1,40004/240.2 miUpper Bridge Road, Chelmsford2
£1,40004/240.2 miUpper Bridge Road, Chelmsford2
£1,35001/250.21 mi-2
£1,20004/240.21 miHaig Court, CHELMSFORD2
£1,15004/240.22 miHaig Court, Chelmsford, CM22
£1,25001/250.22 mi-2
£1,30003/240.25 miUpper Bridge Road, Chelmsford, CM22
£1,30003/240.25 mi-2
£1,30004/240.26 miUpper Bridge Road, Chelmsford2
£1,19504/240.28 miLower Anchor Street, Old Moulsham2
£1,35004/240.29 miFalcons Mead, CITY CENTRE, Chelmsford, CM2 0NN2
£1,35003/240.29 miLower Anchor Street, Chelmsford, CM22
£1,35003/240.29 miLower Anchor Street, Chelmsford, CM22
£1,30005/240.29 miBradford Street, Chelmsford2
£1,35005/240.3 miCutmore Place, Chelmsford, CM22
£1,40004/240.3 miCutmore Place, Chelmsford, CM22
£1,35005/240.3 miCutmore Place, CHELMSFORD2
£1,10005/240.31 miMead Path, Chelmsford2
£1,25003/240.34 miMoulsham Street, Chelmsford2
£1,25004/240.34 miMoulsham Street, Chelmsford2
£1,50012/240.36 miWolseley Road, Chelmsford, Essex, CM22
£1,40004/240.37 miNew Writtle Street, Chelmsford, CM22
£1,35005/240.37 miNew Writtle Street, Chelmsford, CM22
£1,35004/240.37 miNew Writtle Street, Chelmsford, CM2 0RR2
£1,25003/240.38 miNew Writtle Street, Chelmsford, CM22
£1,25004/240.38 miNew Writtle Street, Chelmsford, CM22

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.72 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £200,000

January 18, 2025

Floor Plans

Description

  • 2 BEDROOM GROUND FLOOR FLAT +
  • CONVENIENT LOCATION WITHIN WALKING DISTANCE TO THE CITY CENTRE & STATION +
  • SECURITY ENTRY PHONE SYSTEM +
  • ELECTRIC HEATING +
  • GOOD SIZE ENTRANCE HALL +
  • SPACIOUS LOUNGE +
  • RECENTLY REFITTED BATHROOM +
  • COMMUNAL GROUNDS & PARKING +

GUIDE PRICE £200,000 - £210,000! Benefiting from a new lease of 125 years, a two bedroom ground floor flat conveniently situated within walking distance of the City centre and station. It further benefits from electric heating, has double glazed windows, and a security entry phone system. The accommodation comprises an entrance hall, good size lounge, kitchen, two bedrooms and recently refitted bathroom. There is a children's play area close by, as well as the Clock Tower Retail Park. An internal viewing is recommended!

Ground floor entrance door with security entry phone system leading to communal hallway, personal door to

ENTRANCE HALL
A long and quite wide entrance hallway with security entry phone, cupboard housing water tank, white panelled doors leading to

LOUNGE 4.33m (14' 2") x 4.15m (13' 7")
A good size room with night storage heater, double glazed window and door with juliet balcony, doorway to

KITCHEN 3.35m (11' 0") x 1.81m (5' 11")
Range of units comprising inset one and a half bowl single drainer sink unit with mixer tap, working surfaces with drawers and cupboards under, built in oven, hob unit with cooker hood above, space for washing machine and fridge freezer, laminate flooring, tiling over worktops, eye level cupboards, double glazed window.

BEDROOM ONE 3.91m (12' 10") x 3.00m (9' 10")
A good size main bedroom with electric wall mounted heater, double glazed window.

BEDROOM TWO 3.01m (9' 11") x 2.09m (6' 10")
Electric wall mounted heater, double glazed window.

BATHROOM
Recently refitted with a white suite comprising panel enclosed bath with mixer tap, fitted shower with rain head, separate hose and glazed screen to side, vanity wash hand basin with mixer tap, w.c with concealed cistern, storage cupboard, laminate flooring, towel warmer, fully tiled walls, extractor fan.

PARKING
There is residents parking on a first come first serve basis.

COMMUNAL GROUNDS
There are communal grounds around the block.

AGENTS NOTE
Please be aware that should you be successful in having an offer accepted through Adrians, we are legally required by the HMRC to conduct AML (Anti-Money Laundering) Checks for compliance efforts. For this there is a non-refundable charge of £20.00 including VAT per person which will be invoice receipted for your records.

Agent Details

Adrians, Chelmsford

01245 945751

Next Steps?

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