2 Bed Flat, Single Let, Chelmsford, CM2 6AT, £210,000

Springfield Road, Chelmsford, Essex, CM2 6AT - 2 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£130K - £259K
Sold Prices/m²£2.4K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£252,624
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,800

Total Cash In

£60,300

 

 

Cash Out

 

Rent Range

£1,050 - £1,600

Rent Estimate

£1,050

Running Costs/mo

£886

Cashflow/mo

£164

Cashflow/yr

£1,965

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £130K to £259K, average is £204K. £2.4K/m² to £4.7K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£200K02/210 mi394, Springfield Road, Chelmsford, Essex CM2 6AT2
£245K03/230.18 mi290, Springfield Road, Chelmsford, Essex CM2 6BA2
£240K07/210.19 mi367, Springfield Road, Chelmsford, Essex CM2 6AW2
£210K12/220.32 mi49, Canvey Walk, Chelmsford, Essex CM1 6LB2
£205.7K05/230.32 mi9, Canvey Walk, Chelmsford, Essex CM1 6LB2
£189.5K11/210.32 mi33, Canvey Walk, Chelmsford, Essex CM1 6LB2
£203K08/230.33 mi29, Azalea Court, Chelmsford, Essex CM1 6YL2
£150K06/210.36 mi139, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£186K02/230.36 mi65, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£181K07/230.39 mi84, Foxglove Way, Chelmsford, Essex CM1 6QR2
£175K03/210.41 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£180K03/230.41 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£185K07/230.42 mi34, Lupin Drive, Chelmsford, Essex CM1 6FH2
£167K04/210.45 mi48, Petunia Crescent, Chelmsford, Essex CM1 6YP2
£177K06/210.46 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£255K07/230.48 mi23, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£255K03/230.48 mi53, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW2
£210K10/210.51 mi28, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£202.5K03/230.51 mi56, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£240K02/230.52 mi23, Earlsfield Drive, Chelmsford, Essex CM2 6SX2
£196.5K03/230.55 mi136, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£198K03/210.55 mi34, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£211K02/210.55 mi42, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£215K01/210.55 mi66, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£219K02/230.55 mi46, Ramshaw Drive, Chelmsford, Essex CM2 6UB2
£225K05/210.59 mi145, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£220K04/210.59 mi147a, Beeleigh Link, Chelmsford, Essex CM2 6PH2
£245K01/210.6 mi78, Chelmer Road, Chelmsford, Essex CM2 6AB2
£217K05/210.63 mi169, Pollards Green, Chelmsford, Essex CM2 6UX2
£161.3K03/210.63 mi25, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£157.5K09/210.63 mi29, Abell Way, Springfield, Chelmsford, Essex CM2 6WU2
£190K05/210.67 mi42, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£188K01/210.67 mi30, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£165K02/210.72 mi42, Bryant Link, Springfield, Chelmsford, Essex CM2 6GZ2
£153K05/210.74 mi15, Clematis Tye, Chelmsford, Essex CM1 6GL2
£173K04/210.74 mi11, Clematis Tye, Chelmsford, Essex CM1 6GL2
£170K02/210.74 mi24, Clematis Tye, Chelmsford, Essex CM1 6GL2
£248K11/210.75 mi81, Burnell Gate, Chelmsford, Essex CM1 6ED2
£259K02/210.75 mi47, Burnell Gate, Chelmsford, Essex CM1 6ED2
£250K02/230.75 mi85, Burnell Gate, Chelmsford, Essex CM1 6ED2
£205K04/210.8 mi181, Waveney Drive, Chelmsford, Essex CM1 7QD2
£210K03/210.8 mi31, Salter Place, Chelmsford, Essex CM2 6UU2
£185K06/210.82 mi133, Crocus Way, Chelmsford, Essex CM1 6XH2
£130K10/200.82 mi135, Crocus Way, Chelmsford, Essex CM1 6XH2
£215K06/230.83 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£212.5K04/210.83 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£195K03/230.83 mi63, Tamar Rise, Chelmsford, Essex CM1 7QL2
£205K12/200.84 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£210K12/200.84 mi27, Fawkner Close, Chelmsford, Essex CM2 6UP2
£242.5K06/230.84 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2

Local Rents

29 rents from £1.1K/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15003/240.03 miSpringfield Road, CM22
£1,10005/240.08 miOasis Court, Chelmsford, CM22
£1,60004/240.16 miFalmouth Road, Chelmsford, CM12
£1,20003/240.16 miSpringfield Road, CM22
£1,30005/240.25 miSpringfield Road, Chelmsford2
£1,35003/250.26 mi-2
£1,40003/240.29 miInkerpole Place, Chelmsford2
£1,40003/240.34 mi-2
£1,45003/240.34 miBankart Lane, Chelmsford, CM22
£1,55005/240.35 mi-2
£1,55004/240.35 miBurgess Field, Chelmsford, CM22
£1,10003/240.36 miCornflower Drive , Springfield2
£1,05003/240.38 miLupin Drive, Chelmsford2
£1,10005/240.4 miFoxglove Way, CM12
£1,10003/240.41 miLupin Drive, Springfield, Chelmsford, CM12
£1,20005/240.42 mi-2
£1,20005/240.42 miFoxglove Way, Chelmsford, CM12
£1,20005/240.42 miFoxglove Way, Chelmsford, CM12
£1,10005/240.43 mi-2
£1,10005/240.43 miLupin Drive, Chelmsford, Cm1, CM12
£1,15005/240.5 miEarlsfield Drive, Chelmer Village, Chelmsford, CM22
£1,30002/240.51 mi-2
£1,15004/240.55 miRamshaw Drive, Chelmsford2
£1,20004/240.55 miRamshaw Drive, Chelmsford, Essex, CM22
£1,20003/240.57 miRamshaw Drive, Chelmer Village2
£1,25001/250.57 mi-2
£1,05011/230.58 miRembrandt Grove2
£1,45003/240.58 miRamshaw Drive, Chelmsford2
£1,35004/240.58 miRamshaw Drive, Chelmsford2

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.58 miles away

Nearest school

0.40 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £210,000

March 4, 2025

Listed for £220,000

February 5, 2025

Floor Plans

Description

  • No Onward Chain +
  • Well Presented Two Bedroom Flat +
  • Generously Sized Lounge and Modern Fitted Kitchen +
  • Allocated Parking Space +
  • Conveniently Located Close to Local Amenities, Town Centre and Main Railway Stations in Chelmsford +
  • Must Be Viewed +

GUIDE PRICE: £220,000 - £230,000
This well presented two bedroom flat, offered with NO ONWARD CHAIN, is conveniently located in the sought after Springfield area in Chelmsford, close to a range of local amenities, excellent schools and is just a short drive away from the vibrant City Centre and its wide array of shops, restaurants and entertainment options. It is ideally situated within close proximity to major transport links such as the A12, Chelmsford train station and the upcoming Beaulieu Park station offering excellent commuter links to London, Colchester and Ipswich.

Upon entering, you are welcomed by a spacious entrance hall with a handy storage cupboard, providing an ideal space for coats and shoes. The generously sized lounge is bright and airy, thanks to the Juliette balcony, offering a lovely view and plenty of natural light. It's a perfect spot for relaxing or entertaining guests. The modern fitted kitchen is fully equipped for everyday living, featuring a four-ring gas hob, oven, integrated fridge freezer, ample cupboards for storage needs and a space for a washing machine.

There are two well proportioned bedrooms fitted with large windows allowing plenty of natural light in. The master bedroom also benefits from a built in wardrobe. The family bathroom comprises of a panel enclosed bath, WC and hand wash basin.

It has an allocated parking space for one vehicle. This property offers an excellent opportunity for first time buyers and investors and an ideal choice for those seeking a centrally located accommodation with all the modern comforts. Palmer and Partners would highly encourage early internal viewing to avoid any disappointment.

Agent Details

Palmer & Partners, Chelmsford & District

01245 823006

Next Steps?

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