3 Bed Terraced House, Single Let, Chelmsford, CM2 0EY, £400,000

Grove Road, Chelmsford, CM2 0EY - 3 months ago

BTL
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£293K - £710K
Sold Prices/m²£2.5K/m² - £8K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£441,148
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Rent Range

£1,350 - £4,500

Rent Estimate

£1,550

Running Costs/mo

£1,580

Cashflow/mo

£-30

Cashflow/yr

£-360

Gross Yield

5%

Local Sold Prices

50 sold prices from £293K to £710K, average is £426K. £2.5K/m² to £8K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£360K04/210.01 mi2, Grove Road, Chelmsford, Essex CM2 0EY3
£316K07/230.03 mi7, Orchard Street, Chelmsford, Essex CM2 0HD3
£360K08/210.04 mi20, Roman Road, Chelmsford, Essex CM2 0HA3
£592.5K07/230.06 mi25, Upper Roman Road, Chelmsford, Essex CM2 0EX3
£436K11/200.08 mi66, Mildmay Road, Chelmsford, Essex CM2 0DZ3
£655K06/210.08 mi9, Hamlet Road, Chelmsford, Essex CM2 0EU3
£435K12/220.12 mi2, Mews Court, Chelmsford, Essex CM2 9PF3
£353K11/200.13 mi7, Mews Court, Chelmsford, Essex CM2 9PF3
£387.5K02/210.15 mi5, Manor Road, Chelmsford, Essex CM2 0ER3
£430K03/210.16 mi62, Manor Road, Chelmsford, Essex CM2 0ER3
£515K05/230.16 mi127a, Mildmay Road, Chelmsford, Essex CM2 0DT3
£325K04/210.17 mi3, St Johns Road, Chelmsford, Essex CM2 9PD3
£550K01/210.18 mi24, Lady Lane, Chelmsford, Essex CM2 0TG3
£415K06/210.19 mi23, Bouverie Road, Chelmsford, Essex CM2 0UD3
£460K01/230.19 mi10, Goldlay Gardens, Chelmsford, Essex CM2 0EN3
£362.5K01/210.2 mi14, St Johns Road, Chelmsford, Essex CM2 9PE3
£493K03/210.21 mi49, Goldlay Road, Chelmsford, Essex CM2 0EL3
£370K01/210.22 mi17, Nursery Road, Chelmsford, Essex CM2 9PL3
£380K02/210.22 mi36, Nursery Road, Chelmsford, Essex CM2 9PL3
£370K01/210.22 mi24, Nursery Road, Chelmsford, Essex CM2 9PL3
£555K12/200.23 mi27, Rosebery Road, Chelmsford, Essex CM2 0TU3
£340K04/210.24 mi95, Moulsham Street, Chelmsford, Essex CM2 0JF3
£435K03/210.27 mi18, Lynmouth Avenue, Chelmsford, Essex CM2 0TP3
£450K12/200.29 mi2, St Michaels Road, Chelmsford, Essex CM2 9PT3
£332K03/210.32 mi51, Baker Street, Chelmsford, Essex CM2 0SA3
£440K12/200.33 mi18, Goldlay Avenue, Chelmsford, Essex CM2 0TL3
£293K05/210.34 mi97, Lower Anchor Street, Chelmsford, Essex CM2 0AU3
£312.5K11/210.36 mi10, Hart Street, Chelmsford, Essex CM2 0RY3
£404K07/230.37 mi9, Bradford Street, Chelmsford, Essex CM2 0BG3
£425K11/220.38 mi5, Bradford Street, Chelmsford, Essex CM2 0BG3
£575K12/220.39 mi2a, Southborough Road, Chelmsford, Essex CM2 0AQ3
£370K04/230.39 mi49, Lower Anchor Street, Chelmsford, Essex CM2 0AT3
£415K12/210.4 mi24, Van Diemans Road, Chelmsford, Essex CM2 9QQ3
£590K02/230.4 mi11, St Mildreds Road, Chelmsford, Essex CM2 9PU3
£500K02/230.4 mi24, Rothesay Avenue, Chelmsford, Essex CM2 9BU3
£460K08/230.41 mi13, Fortinbras Way, Chelmsford, Essex CM2 9JA3
£427K04/210.42 mi6, Falcons Mead, Chelmsford, Essex CM2 0NN3
£410K12/200.45 mi1, Amcotes Place, Chelmsford, Essex CM2 9HZ3
£565K01/230.45 mi133, Moulsham Drive, Chelmsford, Essex CM2 9PZ3
£450K06/230.46 mi163, Upper Bridge Road, Chelmsford, Essex CM2 0BB3
£500K01/230.47 mi5, Langdale Gardens, Chelmsford, Essex CM2 9QH3
£515K10/210.47 mi136, Moulsham Drive, Chelmsford, Essex CM2 9QA3
£408K03/210.47 mi128, Fortinbras Way, Chelmsford, Essex CM2 9UL3
£382K11/220.48 mi51, Navigation Road, Chelmsford, Essex CM2 6HD3
£345K03/210.48 mi139, Baddow Road, Chelmsford, Essex CM2 7PY3
£404K05/210.5 mi127, Fortinbras Way, Chelmsford, Essex CM2 9UL3
£710K06/210.5 mi55, Vicarage Road, Chelmsford, Essex CM2 9BT3
£390K12/200.53 mi6, Wallace Crescent, Chelmsford, Essex CM2 9QL3
£500K12/210.53 mi35, Wallace Crescent, Chelmsford, Essex CM2 9QL3
£475K12/220.53 mi86, Upper Bridge Road, Chelmsford, Essex CM2 0BA3

Local Rents

45 rents from £1.4K/mo to £4.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,80003/240.03 miGrove Road, Chelmsford3
£4,50003/240.1 mi-3
£4,50002/250.1 mi-3
£1,65003/240.13 miMews Court, Chelmsford, CM2 9PF3
£1,69503/240.16 miManor Road, Old Moulsham3
£1,78004/240.17 mi-3
£1,75005/240.18 miBouverie Road, Chelmsford, CM23
£1,75001/250.19 mi-3
£1,75002/250.19 mi-3
£1,75003/240.19 miBouverie Road, Chelmsford, CM23
£1,35003/240.22 miHayes Close, Chelmsford, CM23
£1,69505/240.25 miRedcliffe Road, CHELMSFORD3
£1,69512/240.25 miRedcliffe Road, CHELMSFORD3
£1,75004/240.33 miSt Johns Road, Chelmsford, CM23
£3,50004/250.37 mi-3
£1,85004/240.43 miWharf Road, Chelmsford3
£1,85004/240.43 miWharf Road, Chelmsford3
£1,55003/250.44 mi-3
£1,55004/240.44 miUpper Bridge Road, Chelmsford, CM23
£1,55004/240.44 mi-3
£1,85004/250.44 mi-3
£1,75003/240.49 miCannon Mews, CHELMSFORD3
£1,89703/240.49 miWharf Road, Chelmsford, Essex, CM23
£1,88204/240.49 miWharf Road, Chelmsford, Essex, CM23
£2,12003/240.49 miWharf Road, One Canalside, Chelmsford, CM23
£2,22004/240.49 miWharf Road, Chelmsford, Essex, CM23
£4,50002/240.5 mi-3
£4,50003/240.5 mi-3
£4,50004/250.5 mi-3
£1,70004/250.51 mi-3
£3,30002/240.54 mi-3
£3,25003/240.54 mi-3
£3,25001/250.54 mi-3
£3,19504/250.54 mi-3
£2,30004/240.55 mi104 Marconi Plaza, Chelmsford, Essex, CM13
£1,65002/240.55 mi-3
£1,72503/250.55 mi-3
£1,65005/240.58 miWaltham Glen, Chelmsford, Essex, CM2 9EL3
£1,90004/240.6 miVictoria Court, New Street, CM13
£1,90002/240.6 mi-3
£1,55002/250.6 mi-3
£1,80004/240.61 miCoval Lane3
£1,80004/240.61 miCoval Lane, Chelmsford, CM13
£1,80004/240.61 mi-3
£1,80004/240.62 miCoval Lane, Chelmsford3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

0.68 miles away

Nearest school

0.20 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £400,000

January 28, 2025

Floor Plans

Description

  • Three bedrooms +
  • Terraced house +
  • Two reception rooms +
  • Private rear garden +
  • Permit parking +
  • Sought-after location +

Nestled in the heart of a sought-after neighbourhood, this charming terraced house presents a wonderful opportunity for a family looking to settle in a peaceful yet convenient location. Boasting two reception rooms, three bedrooms, and a well-appointed kitchen and bathroom, this property offers ample space for comfortable living. Outside, a private garden provides a tranquil retreat for relaxation and al fresco dining. The property also benefits from permit parking.

With local amenities, schools, and transport links within easy reach, this property promises a lifestyle of convenience and comfort. Don't miss the chance to make this house your new home!

Agent Details

Beresfords, Chelmsford

01245 945593

Next Steps?

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