2 Bed Flat, Single Let, Chelmsford, CM1 1UE, £210,000

Brook Street, Chelmsford, CM1 1UE - 1 views - 2 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£80.8K - £385K
Sold Prices/m²£3.1K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£260,400
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Total Cash In

£60,000

 

 

Cash Out

 

Rent Range

£1,150 - £3,300

Rent Estimate

£1,200

Running Costs/mo

£916

Cashflow/mo

£284

Cashflow/yr

£3,405

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £232K. £3.1K/m² to £5.2K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£285K04/210.18 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£253K02/210.41 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£385K06/230.42 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£205.5K09/210.44 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£215K02/230.44 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£85K06/210.45 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£160K12/200.45 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£80.8K03/210.47 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£220K12/220.55 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£254K11/210.56 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£260K02/230.57 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£242.5K11/210.57 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£270K11/200.62 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£320K06/230.63 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£220K12/200.64 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£212K11/200.66 mi73, Goodier Road, Chelmsford, Essex CM1 2GG2
£232.5K06/210.66 mi18, Goodier Road, Chelmsford, Essex CM1 2GG2
£233K12/210.66 mi41, Goodier Road, Chelmsford, Essex CM1 2GG2
£220K02/210.66 mi24, Goodier Road, Chelmsford, Essex CM1 2GG2
£248K04/230.66 mi20, Goodier Road, Chelmsford, Essex CM1 2GG2
£280K09/210.67 mi3, County Place, Chelmsford, Essex CM2 0RF2
£230K03/230.67 mi2, Tees Road, Chelmsford, Essex CM1 7QH2
£230K07/230.67 mi8, Tees Road, Chelmsford, Essex CM1 7QH2
£225K12/220.71 mi45, Waveney Drive, Chelmsford, Essex CM1 7PZ2
£177K06/210.72 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£218K03/210.73 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£282.5K11/210.73 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£275K03/210.74 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£202K11/200.76 mi19, Tamar Rise, Chelmsford, Essex CM1 7QL2
£313K06/210.76 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£205K05/210.76 mi9, Blackwater Close, Chelmsford, Essex CM1 7QJ2
£310K05/230.77 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.77 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£215K06/230.81 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£212.5K04/210.81 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£195K03/230.81 mi63, Tamar Rise, Chelmsford, Essex CM1 7QL2
£232K05/210.81 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.82 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.82 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£325K01/230.84 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£300K03/210.84 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£252.5K02/210.84 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£215K01/230.85 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£180K05/230.85 mi131, Kings Road, Chelmsford, Essex CM1 2BD2
£223K11/210.85 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£245K02/210.86 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.86 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£140K07/210.86 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£275K10/200.86 mi5, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£205K04/210.88 mi181, Waveney Drive, Chelmsford, Essex CM1 7QD2

Local Rents

50 rents from £1.1K/mo to £3.3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,25004/240.01 miDurrant Court, Brook Street, Chelmsford, CM12
£1,15005/240.02 miDurrant Court, Brook Street, CM12
£3,30002/240.04 mi-2
£1,35004/240.05 miNew Street, Chelmsford2
£1,40001/250.05 mi-2
£1,50004/240.06 miNew Street, Chelmsford, Essex, CM12
£1,47504/240.06 miNew Street, Chelmsford, CM12
£1,45004/240.06 miNew Street, Chelmsford, Essex2
£1,47504/240.06 miNew Street, Chelmsford, CM12
£1,20004/240.07 miNew Street, City Centre2
£1,35003/240.09 miVictoria Court, New Street, CM12
£1,40005/240.11 miBishop Road, CM12
£1,55004/240.16 miDunn Side, Chelmsford, CM12
£1,55005/240.16 mi-2
£1,55004/240.16 mi-2
£1,50004/240.19 miVictoria Court, New Street, Chelmsford, CM12
£1,45005/240.19 miVictoria Court, New Street, Chelmsford, CM12
£1,77503/250.19 mi-2
£1,70003/240.19 miRegina Road, Chelmsford2
£1,40004/240.19 miVictoria Court, New Street, Chelmsford, CM12
£1,40003/240.2 miNew Street, Chelmsford2
£1,50003/240.2 miVictoria Court, New Street, Chelmsford, Essex, CM12
£1,35004/240.2 miNew Street, Chelmsford, CM12
£1,60005/240.21 mi-2
£1,55004/240.21 miDunn Side, Chelmsford2
£1,55004/240.21 miDunn Side, Chelmsford2
£1,50002/240.21 mi-2
£1,60004/240.21 miWatson Heights, Chelmsford, Essex, CM12
£1,45003/240.21 miWatson Heights, Chelmsford, Essex, CM12
£1,50004/240.21 miWatson Heights, Chelmsford, Essex, CM12
£1,50012/240.21 miWatson Heights, City Centre2
£1,59504/240.22 miWatson Heights, Chelmsford, Essex, CM12
£1,57503/240.22 miVictoria Road, Chelmsford2
£1,39003/240.22 miHenry Road, Chelmsford2
£1,55005/240.22 mi-2
£1,55005/240.22 miWatson Heights, Chelmsford, CM12
£1,55005/240.23 miWatson Heights, Chelmsford2
£1,20004/240.23 miVictoria Court, Chelmsford2
£1,60004/240.23 miVictoria Court, Chelmsford2
£1,60004/240.23 miVictoria Court, Chelmsford2
£1,40004/240.23 miVictoria Court, CITY CENTRE, Chelmsford, CM1 1GP2
£1,60002/240.24 mi-2
£1,40003/250.26 mi-2
£1,55003/240.26 miVictoria Road, Chelmsford2
£1,50004/240.27 miCity Place, Victoria Road, Chelmsford2
£1,55004/240.27 miFlat 1 7 Victoria Road Chelmsford CM1 1NZ2
£1,55004/240.28 miMarconi Road, Chelmsford2
£1,40004/240.3 miVictoria Crescent, Chelmsford2
£1,40004/240.3 miVictoria Crescent, Chelmsford2
£1,40004/240.3 miVictoria Crescent, CITY CENTRE, Chelmsford, CM1 1QF2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.50 miles away

Nearest school

0.30 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £210,000

January 29, 2025

Floor Plans

Description

  • Guide Price £220,000 - £210,000 +
  • Two Bedroom Apartment +
  • Located On The Top Floor Of A Popular Development +
  • Ideal For First Time Buyers, Investors & Down Sizers +
  • Bright & Spacious Living Room +
  • Well Presented Throughout - Ready To Move In Or Let +
  • Fitted Kitchen With Some Integrated Appliances +
  • Three Piece Fitted Bathroom With A Shower Over The Bath +
  • Communal Gardens & Allocated Parking +
  • Close Proximity To Local Amenities, Schools, Shops & Public Transport Links Into London & Surrounding Areas +

We are pleased to offer to the market this beautifully presented two bedroom apartment located on the top floor of a popular development. Situated in a highly sought after area, this property benefits from being close by to a wide range of local amenities, schools, shops and public transport links including Chelmsford station which offers direct links to London Liverpool Street. This property would be ideal for first time buyers looking to step onto the property ladder and mark their own stamp on a home, down sizers looking to find their forever home, and investors looking to expand their portfolio.  INTERNAL: Entrance Hall - With laminate flooring, a large storage cupboard, and doors leading to all primary rooms of the accommodation.  Living Room - A bright and spacious room offering generous space for furniture for a range of uses, with two double glazed windows providing ample natural light, and laminate flooring.  Kitchen - Fitted with a range of wall and base units with complimenting worktops, with wood effect flooring, and tiled splashbacks, integrated appliances including a gas countertop stove, extractor hood and oven, further space and plumbing for additional appliances, and an inset sink with a mixer tap and drainer.  Bedroom One - A large double sized bedroom with a double glazed window, and laminate flooring.  Bedroom Two - A small double sized bedroom with a double glazed window, and laminate flooring.  Bathroom - A three piece fitted bathroom comprising of a push-button WC, a wash hand basin with a mirror overhead, a panelled bath with an overhead shower and glass screen, laminate flooring, and partially tiled walls.  EXTERNAL: Externally, the property benefits from beautifully presented communal gardens, and allocated parking providing off road parking.  ADDITIONAL INFORMATION: Council Tax Band: Local Authority: Lease Term: Ground Rent: Service Charges: *This information is to be confirmed by the solicitor* Early viewing is highly recommended due to the property being realistically priced. Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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