2 Bed Flat, Single Let, Chelmsford, CM2 9BH, £190,000

Brooklands Walk, Chelmsford, CM2 9BH 9 - 2 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£112.5K - £325K
Sold Prices/m²£2K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£244,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£7,200

Total Cash In

£54,700

 

 

Cash Out

 

Rent Range

£1,075 - £1,800

Rent Estimate

£1,153

Running Costs/mo

£844

Cashflow/mo

£309

Cashflow/yr

£3,704

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £112.5K to £325K, average is £216.5K. £2K/m² to £5.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£183K06/210.02 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£183K06/210.02 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.02 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£200K05/230.12 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£200K03/210.15 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£112.5K01/230.15 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£227.5K12/220.15 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£265K01/210.24 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.24 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£197.5K01/210.33 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£213K10/200.33 mi5, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.33 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£254K03/230.37 miFlat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£250K04/230.37 miFlat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£186K08/210.37 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£195K01/230.37 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£225K10/210.37 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.37 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.37 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£202K03/230.37 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£195K03/210.38 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£205K01/230.38 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£225K10/210.38 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.38 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£260K01/210.39 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£207.5K05/230.39 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£215K04/210.41 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.41 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£250K07/230.41 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£184K12/200.43 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£307.5K07/230.43 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£240K10/210.44 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£223K11/210.54 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£215K01/230.54 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£232K05/210.57 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.57 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.58 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£189K10/200.58 mi34, Dove Lane, Chelmsford, Essex CM2 8AX2
£325K01/230.58 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£140K07/210.6 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£175K02/210.61 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£310K05/230.65 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.65 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.65 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£275K03/210.65 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£225K04/210.68 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/200.68 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£280K09/210.74 mi3, County Place, Chelmsford, Essex CM2 0RF2
£215K07/230.75 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£235K01/230.8 mi10, Waterson Vale, Chelmsford, Essex CM2 9PB2

Local Rents

50 rents from £1.1K/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35005/240.11 miCutmore Place, Chelmsford, CM22
£1,40004/240.11 miCutmore Place, Chelmsford, CM22
£1,35005/240.11 miCutmore Place, CHELMSFORD2
£1,10005/240.12 miMead Path, Chelmsford2
£1,50004/240.17 miHillside Mews, Chelmsford, Essex, CM22
£1,50004/240.19 miBruce Grove, CHELMSFORD2
£1,25002/240.19 mi-2
£1,45004/240.21 miGrace Bartlett Gardens, CM22
£1,25003/240.26 miMoulsham Street, Chelmsford2
£1,25004/240.26 miMoulsham Street, Chelmsford2
£1,55004/240.29 miMary Munnion Quarter, Chelmsford, Essex, CM22
£1,49505/240.3 miMary Munnion Quarter, Chelmsford, CM22
£1,60004/240.3 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.3 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,80003/250.31 mi-2
£1,30003/250.34 mi-2
£1,40012/240.35 mi-2
£1,30003/250.37 mi-2
£1,10004/240.37 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,20004/240.38 miEvelyn Place, CM12
£1,25004/240.38 miRookes Crescent, Chelmsford2
£1,30005/240.38 miRookes Crescent, Chelmsford2
£1,25004/240.38 miRookes Crescent, Chelmsford, Essex, CM12
£1,20003/240.39 miParkinson Drive, Chelmsford2
£1,20004/240.39 miHaig Court, CHELMSFORD2
£1,15004/240.4 miHaig Court, Chelmsford, CM22
£1,25001/250.4 mi-2
£1,35012/240.41 mi-2
£1,60002/250.41 mi-2
£1,60003/250.41 mi-2
£1,60003/250.41 mi-2
£1,37503/240.42 miRedcliffe Road, Old Moulsham, Chelmsford, CM22
£1,35003/240.42 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.42 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,30004/240.43 miCrompton Street, Chelmsford, CM12
£1,35004/240.43 miCrompton Street, Chelmsford2
£1,60004/240.43 miNursery Road, Chelmsford 2
£1,50004/240.43 miCrompton Street, Chelmsford, CM12
£1,40004/240.43 miCrompton Street, Chelmsford2
£1,20003/240.43 miParkinson Drive, Chelmsford, CM1 3GW2
£1,17503/240.44 miParkinson Drive, CHELMSFORD2
£1,30004/240.44 miParkinson Drive, Chelmsford2
£1,20005/240.44 miParkinson Drive, CHELMSFORD2
£1,20003/240.44 miParkinson Drive, CM12
£1,07503/250.44 mi-2
£1,30005/240.44 miBradford Street, Chelmsford2
£1,25004/240.45 miKing George Court, Old Moulsham2
£1,35001/250.46 mi-2
£1,19504/240.48 miLower Anchor Street, Old Moulsham2
£1,35003/240.48 miLower Anchor Street, Chelmsford, CM22

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

1 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £190,000

January 31, 2025

Listed for £200,000

January 22, 2025

Description

  • TWO BEDROOMS +
  • ALLOCATED PARKING +
  • LOUNGE DINER +
  • MODERN SHOWER ROOM +
  • BUILT IN WARDROBE IN MASTER BEDROOM +
  • FIRST FLOOR APARTMENT +
  • CLOSE TO STATION & CITY CENTRE +
  • GROUND RENT: NIL +
  • GUIDE PRICE: £200,000 - £220,000 +

OPEN HOUSE: SATURDAY 1st FEBRUARY

GUIDE PRICE: £190,000 - £215,000

About The Home:
Welcome to 5 Brooklands Walk, a well-proportioned and beautifully presented two-bedroom first-floor apartment, ideally located within easy reach of Chelmsford City Centre and Train Station. Perfect for first-time buyers, downsizers, or investors, this home offers both comfort and convenience in a sought-after location.

The apartment features a spacious lounge/diner, providing a versatile and inviting area for relaxing and entertaining. The kitchen is well-appointed, offering ample storage and workspace for all your culinary needs. The property benefits from two bedrooms, including a generous double bedroom with a built-in wardrobe, and a versatile single bedroom that could also be used as a study or guest room. The contemporary shower room adds to the home’s practicality and style.

Outside, residents can enjoy well-maintained communal grounds. The property also includes an allocated parking space, as well as convenient visitor bays for guests.

With its excellent location and thoughtfully designed living spaces, 5 Brooklands Walk is a fantastic opportunity to secure a home in the heart of Chelmsford. Don't miss out—schedule a viewing today!

Room Dimensions:
Lounge Diner: 15’3” max x 12’6”
Kitchen: 8’2” x 7’2”
Bedroom One: 9’9” to wardrobe x 8’9”
Bedroom Two: 7’8” x 7’4”
Shower Room:

Material Information:
Tenure: Leasehold
Service Charge: £1100 per annum
Managing Agent: Oaklands Park Property Management
Lease Length Remaining: 145 years
Ground Rent: Nil
Communal Areas: Communal Grounds & Hallway
Construction Type: Brick Built (standard)
Services Connected: Mains Electric, Mains Water, Mains Drainage
Heating Type: Electric Heaters
Parking: Allocated Space

Agent Details

Michael Clark Residential, Colchester

01206 636427

Next Steps?

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