2 Bed Flat, Single Let, Dunmow, CM6 1FR, £190,000

Weavers Close, Dunmow, Essex, CM6 1FR - 2 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~49 m²
+12 photos

ValuationOvervalued

Sold Prices£97.5K - £255K
Sold Prices/m²£1.7K/m² - £4.7K/m²

 

 

Square Metres

~49 m²
Price/m²£3.9K/m²

Value Estimate

£164,538

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£915 - £1,400

Rent Estimate

£990

Running Costs/mo

£812

Cashflow/mo

£178

Cashflow/yr

£2,139

ROI

4%

Gross Yield

6%

Local Sold Prices

31 sold prices from £97.5K to £255K, average is £205K. £1.7K/m² to £4.7K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£185K04/230 mi7, Weavers Close, Dunmow, Essex CM6 1FR2
£225K08/220.04 mi17, White Hart Way, Dunmow, Essex CM6 1FS2
£230K03/210.12 mi9, Harmans Yard, Dunmow, Essex CM6 1AS2
£215K08/220.15 miFlat 6, Melville House, Braintree Road, Dunmow, Essex CM6 1HS2
£241K10/220.19 miFlat 30, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£210K02/210.2 miFlat 33, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£212.5K12/220.2 miFlat 8, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£173K10/200.22 miFlat 47, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB2
£180K10/200.22 miFlat 32, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB2
£190K11/210.22 miFlat 37, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB2
£180K12/220.23 miFlat 15, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BN2
£169.5K08/210.23 miFlat 45, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BW2
£180K03/230.23 miFlat 42, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BW2
£210K03/210.32 mi11, Harris Green, Dunmow, Essex CM6 1FP2
£199K08/220.32 mi19, Harris Green, Dunmow, Essex CM6 1FP2
£255K01/230.32 mi12, Harris Green, Dunmow, Essex CM6 1FP2
£230K05/210.39 mi6, The Downs, Dunmow, Essex CM6 1DS2
£140K11/200.43 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£140K11/200.43 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£143K11/200.43 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£210K12/200.43 mi130, Godfrey Way, Dunmow, Essex CM6 2SQ2
£188K06/210.43 mi128, Godfrey Way, Dunmow, Essex CM6 2SQ2
£222.5K07/230.43 mi130, Godfrey Way, Dunmow, Essex CM6 2SQ2
£217K10/220.43 mi134, Godfrey Way, Dunmow, Essex CM6 2SQ2
£240K03/230.44 mi57, The Causeway, Dunmow, Essex CM6 2AA2
£215K09/210.44 mi3, Buckingham Court, Dunmow, Essex CM6 1XE2
£205K08/210.44 mi17, Buckingham Court, Dunmow, Essex CM6 1XE2
£223.5K06/210.44 mi24, Buckingham Court, Dunmow, Essex CM6 1XE2
£175K01/210.44 mi39a, The Close, Dunmow, Essex CM6 1EW2
£200K10/200.5 mi18b, Waldgrooms, Dunmow, Essex CM6 1EA2
£97.5K03/210.52 mi16, Conifer Way, Dunmow, Essex CM6 1XB2

Local Rents

10 rents from £915/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.08 miMaple Way, Dunmow, Essex, CM62
£1,17503/250.11 mi-2
£1,00012/230.13 mi-2
£1,00012/240.2 miFitzwalter Place, Chelmsford Road, Dunmow, Essex, CM62
£91510/230.23 mi-2
£1,40012/240.26 miSpringfields, Dunmow2
£1,20012/240.34 miNursery Rise, Dunmow2
£99002/250.41 mi-2
£99003/250.41 mi-2
£1,25012/240.49 miWillow Road, Woodlands Park2

Local Area Statistics

Population in CM6

24,916

Population in Dunmow

24,925

Town centre distance

0.42 miles away

Nearest school

0.30 miles away

Nearest train station

4.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+47%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £190,000

January 27, 2025

Floor Plans

Description

  • Two Bedroom Apartment +
  • Close to Town Centre +
  • Easy A120 Access +
  • Allocated Parking +
  • Lounge/Diner +
  • Close To Amenities +
  • Potential Rental Income £1250 PCM +
  • Council Tax Band D & EPC Band C +

This elegant two-bedroom apartment is centrally located in the vibrant market town of Great Dunmow, known for its array of independent shops, eateries, and historical sites, including the picturesque Doctors Pond at Talberds Ley. The property offers a modern living space featuring an entrance hall that leads to a spacious lounge/dining area with ample natural light, and a contemporary kitchen equipped with high-quality appliances and finishes. Additional features include allocated parking, making this an ideal home for professionals or small families seeking convenience and style.

The apartment includes two well-proportioned bedrooms; the main bedroom boasts extensive fitted wardrobes and scenic views of the rear aspect, while the second bedroom overlooks the front of the property. Both rooms are serviced by a family bathroom that includes a full bath with shower and tiling. With its close proximity to excellent schools, leisure facilities, and superb transport links to nearby cities and Stansted Airport, this property combines comfort with accessibility in a desirable locale.

The property is leasehold with 109 years remaining on the lease. The annual service charge is £1659.48 and ground rent is £301.54 per annum.

Council Tax Band D. EPC Band C.

Lease, ground rent and maintenance details have been provided by the seller, but their accuracy cannot be guaranteed, as we may not have seen a copy of the original lease. Should you proceed with the purchase of this property, lease details must be verified by your solicitor.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum of six months, with the exception of short term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 plus VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Intercounty.'

IGD230395/5

Agent Details

Intercounty, Great Dunmow

01371 701972

Next Steps?

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