2 Bed Flat, Single Let, Dunmow, CM6 1BL, £200,000

Haslers Lane, Dunmow, Essex, CM6 1BL - 3 views - 2 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+9 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£228,711
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£915 - £1,400

Rent Estimate

£900

Running Costs/mo

£825

Cashflow/mo

£75

Cashflow/yr

£900

ROI

2%

Gross Yield

5%

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 
£212.5K12/220 miFlat 8, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£210K02/210.01 miFlat 33, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£241K10/220.01 miFlat 30, Manse Gardens, Haslers Lane, Dunmow, Essex CM6 1BL2
£180K12/220.03 miFlat 15, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BN2
£169.5K08/210.04 miFlat 45, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BW2
£180K03/230.04 miFlat 42, Granary Court, Haslers Lane, Dunmow, Essex CM6 1BW2
£173K10/200.06 miFlat 47, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB2
£180K10/200.06 miFlat 32, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB2
£190K11/210.06 miFlat 37, Fitzwalter Place, Chelmsford Road, Dunmow, Essex CM6 1HB2
£230K03/210.16 mi9, Harmans Yard, Dunmow, Essex CM6 1AS2
£210K03/210.19 mi11, Harris Green, Dunmow, Essex CM6 1FP2
£199K08/220.19 mi19, Harris Green, Dunmow, Essex CM6 1FP2
£255K01/230.19 mi12, Harris Green, Dunmow, Essex CM6 1FP2
£225K08/220.2 mi17, White Hart Way, Dunmow, Essex CM6 1FS2
£185K04/230.21 mi7, Weavers Close, Dunmow, Essex CM6 1FR2
£215K08/220.21 miFlat 6, Melville House, Braintree Road, Dunmow, Essex CM6 1HS2
£215K09/210.31 mi3, Buckingham Court, Dunmow, Essex CM6 1XE2
£205K08/210.31 mi17, Buckingham Court, Dunmow, Essex CM6 1XE2
£223.5K06/210.31 mi24, Buckingham Court, Dunmow, Essex CM6 1XE2
£175K01/210.33 mi39a, The Close, Dunmow, Essex CM6 1EW2
£230K05/210.53 mi6, The Downs, Dunmow, Essex CM6 1DS2
£200K10/200.59 mi18b, Waldgrooms, Dunmow, Essex CM6 1EA2
£140K11/200.61 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£140K11/200.61 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£143K11/200.61 mi118, Godfrey Way, Dunmow, Essex CM6 2SQ2
£210K12/200.61 mi130, Godfrey Way, Dunmow, Essex CM6 2SQ2
£188K06/210.61 mi128, Godfrey Way, Dunmow, Essex CM6 2SQ2
£222.5K07/230.61 mi130, Godfrey Way, Dunmow, Essex CM6 2SQ2
£217K10/220.61 mi134, Godfrey Way, Dunmow, Essex CM6 2SQ2
£240K03/230.63 mi57, The Causeway, Dunmow, Essex CM6 2AA2
£97.5K03/210.64 mi16, Conifer Way, Dunmow, Essex CM6 1XB2

Local Rents

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

RentDateDistanceAddressBeds 
£91510/230.02 mi-2
£1,00012/240.05 miFitzwalter Place, Chelmsford Road, Dunmow, Essex, CM62
£1,17503/250.11 mi-2
£1,20012/240.14 miNursery Rise, Dunmow2
£1,40012/240.15 miMaple Way, Dunmow, Essex, CM62
£1,40012/240.22 miSpringfields, Dunmow2
£1,00012/230.27 mi-2
£99002/250.58 mi-2
£99003/250.58 mi-2
£1,25012/240.61 miWillow Road, Woodlands Park2

Local Area Statistics

Population in CM6

24,916

Population in Dunmow

24,925

Town centre distance

0.36 miles away

Nearest school

0.10 miles away

Nearest train station

4.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+47%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £200,000

February 7, 2025

Floor Plans

Description

  • 2 Double Bedroom Apartment +
  • 2 Allocated Parking Spaces +
  • Potential Rental Income £900 PCM +
  • Close to Town Centre +
  • EPC Band C & Council Tax Band C +

Situated within walking distance to Great Dunmow town centre is this spacious and well presented two bedroom apartment with allocated parking.

Making an ideal first time or investment purchase this modern apartment has plenty offer. Comprising two double bedrooms, three piece bathroom suite, fitted kitchen area, spacious lounge diner, along with two allocated parking spaces to the side.

Ideally located within close proximity to Great Dunmow town centre offering numerous shops, cafes, pubs and other amenities for your convenience. You also benefit from easy access to the A120, and M11 if you need to commute, along with Stanstead mainline train station and airport situated only 4.5 miles away.

The property is leasehold with 104 years remaining on the lease. The annual service charge is £1600 and ground rent is £360 per annum.

EPC Band C. Council Tax 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.'

IGD230388/5

Agent Details

Intercounty, Great Dunmow

01371 701972

Next Steps?

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