2 Bed Flat, Planning Permission, Chelmsford, CM1 6XH, £190,000

Crocus Way, Chelmsford, CM1 6XH - 1 views - 2 months ago

Sold STC
Leasehold
Planning
ROI: 5%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£150K - £259K
Sold Prices/m²£2.9K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£237,500
BMV25%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£1,050 - £1,700

Rent Estimate

£1,063

Running Costs/mo

£826

Cashflow/mo

£237

Cashflow/yr

£2,840

ROI

5%

Gross Yield

7%

Local Sold Prices

36 sold prices from £150K to £259K, average is £204K. £2.9K/m² to £4.6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£185K06/210 mi133, Crocus Way, Chelmsford, Essex CM1 6XH2
£153K05/210.1 mi15, Clematis Tye, Chelmsford, Essex CM1 6GL2
£173K04/210.1 mi11, Clematis Tye, Chelmsford, Essex CM1 6GL2
£170K02/210.1 mi24, Clematis Tye, Chelmsford, Essex CM1 6GL2
£235K10/200.21 mi15, Forefield Green, Chelmsford, Essex CM1 6YU2
£200K03/210.25 mi18, Wavell Close, Springfield, Chelmsford, Essex CM1 6FQ2
£210K10/210.25 mi40, Wavell Close, Springfield, Chelmsford, Essex CM1 6FQ2
£185K07/230.41 mi34, Lupin Drive, Chelmsford, Essex CM1 6FH2
£175K03/210.41 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£180K03/230.41 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£167K04/210.49 mi48, Petunia Crescent, Chelmsford, Essex CM1 6YP2
£205K04/210.5 mi181, Waveney Drive, Chelmsford, Essex CM1 7QD2
£203K08/230.5 mi29, Azalea Court, Chelmsford, Essex CM1 6YL2
£210K12/220.5 mi49, Canvey Walk, Chelmsford, Essex CM1 6LB2
£205.7K05/230.5 mi9, Canvey Walk, Chelmsford, Essex CM1 6LB2
£189.5K11/210.5 mi33, Canvey Walk, Chelmsford, Essex CM1 6LB2
£248K11/210.57 mi81, Burnell Gate, Chelmsford, Essex CM1 6ED2
£259K02/210.57 mi47, Burnell Gate, Chelmsford, Essex CM1 6ED2
£250K02/230.57 mi85, Burnell Gate, Chelmsford, Essex CM1 6ED2
£215K06/230.58 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£212.5K04/210.58 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£195K03/230.58 mi63, Tamar Rise, Chelmsford, Essex CM1 7QL2
£150K06/210.59 mi139, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£186K02/230.59 mi65, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£181K07/230.61 mi84, Foxglove Way, Chelmsford, Essex CM1 6QR2
£202K11/200.64 mi19, Tamar Rise, Chelmsford, Essex CM1 7QL2
£205K05/210.69 mi9, Blackwater Close, Chelmsford, Essex CM1 7QJ2
£225K12/220.71 mi45, Waveney Drive, Chelmsford, Essex CM1 7PZ2
£177K06/210.71 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£230K03/230.75 mi2, Tees Road, Chelmsford, Essex CM1 7QH2
£230K07/230.75 mi8, Tees Road, Chelmsford, Essex CM1 7QH2
£200K02/210.82 mi394, Springfield Road, Chelmsford, Essex CM2 6AT2
£240K07/210.88 mi367, Springfield Road, Chelmsford, Essex CM2 6AW2
£245K03/230.89 mi290, Springfield Road, Chelmsford, Essex CM2 6BA2
£250K02/230.9 mi43a, Main Road, Broomfield, Chelmsford, Essex CM1 7BU2
£219K06/210.91 mi43, Main Road, Broomfield, Chelmsford, Essex CM1 7BU2

Local Rents

25 rents from £1.1K/mo to £1.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10004/240.01 miCrocus Way, Springfield2
£1,19512/240.02 mi-2
£1,10004/240.05 miViolet Close, Chelmsford, CM12
£1,15011/230.13 miSnowdrop Close, Chelmsford, Essex, CM12
£1,10003/240.13 miForsythia Close, Springfield2
£1,05011/230.24 miRembrandt Grove2
£1,25001/250.25 mi-2
£1,10003/240.41 miLupin Drive, Springfield, Chelmsford, CM12
£1,10005/240.41 miLupin Drive, Chelmsford, Cm1, CM12
£1,10005/240.41 mi-2
£1,60004/240.41 miCentenary Way, Chelmsford, Essex, CM12
£1,70004/240.41 miCentenary Way, Beaulieu Park, Chelmsford, CM12
£1,50003/240.42 miCentenary Way, Springfield, Chelmsford, Essex, CM12
£1,05003/240.45 miLupin Drive, Chelmsford2
£1,20003/240.49 miWaveney Drive, Chelmsford, CM12
£1,50003/240.54 miBaker Road, Springfield, CM12
£1,20003/240.57 miBurnell Gate, Beaulieu Park, Chelmsford, CM1 6ED2
£1,20003/240.57 miBurnell Gate, Beaulieu Park, CM12
£1,35003/250.58 mi-2
£1,10003/240.59 miCornflower Drive , Springfield2
£1,20005/240.6 mi-2
£1,20005/240.6 miFoxglove Way, Chelmsford, CM12
£1,20005/240.6 miFoxglove Way, Chelmsford, CM12
£1,70004/240.6 miWilfred Waterman Drive, Chelmsford2
£1,10005/240.61 miFoxglove Way, CM12

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

1.81 miles away

Nearest school

0.20 miles away

Nearest train station

1.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £190,000

February 12, 2025

Floor Plans

Description

  • Well presented two bedroom flat offered for sale with allocated parking +
  • Secure intercom entry system +
  • Entrance hall, two bedrooms, three piece bathroom, lounge and kitchen +
  • Located within sought after residential area, close to road links, retail parks, supermarkets and popular schools +
  • Moments drive into Chelmsford City Centre +
  • Ideal first time purchase or investment opportunity +

Located in the desirable area of Crocus Way, Chelmsford, this well-presented two-bedroom ground floor flat offers a perfect blend of comfort and convenience. Ideal for both first-time buyers and those looking to downsize, this property is situated close to essential road links, supermarkets, schools, and a variety of local amenities.

Upon entering, you are greeted by a spacious entrance hall that leads to a lovely size lounge, perfect for relaxation or entertaining guests. The modern decor throughout the flat creates a welcoming atmosphere, making it easy to envision yourself settling in. The flat boasts two well-proportioned bedrooms, providing ample space for rest and privacy. The three-piece bathroom is both functional and stylish, catering to all your daily needs.

The kitchen is thoughtfully designed, offering a practical space for culinary pursuits. Additionally, the property benefits from an allocated parking space, ensuring that you have a secure spot for your vehicle.

With Chelmsford City Centre just a short drive away, you will enjoy easy access to a wealth of shopping, dining, and leisure options. This flat is not just a home; it is a lifestyle choice in a vibrant community. Don’t miss the opportunity to make this charming property your own.

Enter the building via secure intercom entry.
Entrance hall gives access to all rooms. Storage cupboard.
Bedroom one 13'10 x 12'6 double glazed window.
Bedroom two 10'10 x 7'4 double glazed window.
Bathroom comprises white panel double ended bath fitted with shower and glass splash screen. Vanity wash hand basin and WC. Tiling to walls. Tiled flooring.
Lounge 17'1 x 11'11 dual aspect double glazed windows.
Kitchen 9'1max x 7'8 double glazed window. Range of high gloss wall and base mounted units with matching storage drawers. Work surfaces housing sink drainer. Tiling to splash backs. Hob, oven and extractor hood to remain. Space for other appliances.

The property also has allocated parking.

Further Details:
Length of Lease: Approximately 139 years
Annual Ground Rent: £250.00
Annual Service Charge. £1,600
Council Tax Band: B
Local Authority: Chelmsford

Disclaimer: Lease details, service charges, ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts.
We endeavour to make our sales 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. All verification of property details should be made by your legal representative for the purchase of the property to ensure that all information including but not limited to; Tenure, lease information, parking facilities, planning permission and building regulations is accurate and correct.

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 measurements have been taken as guide to prospective buyers only and are not precise.

Floorplans where included may not be 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.

Springfield has been a civil parish of the Borough of Chelmsford in Essex, since 1907. The parish takes in the portion of the town north of river Chelmer and west of the A12 bypass. Aldi Supermarket, popular schools and local amenities nearby
Within a moments drive you can be in Chelmsford City Centre.
Chelmsford is the perfect place for anyone who wants the best of both worlds. Hop on a train for 35 minutes and you're in Stratford or an extra 10 minutes and you're in Liverpool Street.
Visit the Historic Chelmsford Cathedral or have some quiet time in Central Park. Maybe enjoy an evening at any one of the fabulous restaurants and shops or grab some popcorn and watch a film.
Chelmsford is an ideal location for growing families, commuters, and the young at heart.

Agent Details

Colubrid, Chelmsford & Maldon

01245 945929

Next Steps?

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