2 Bed Flat, Single Let, Chelmsford, CM1 3WQ, £200,000

Joseph Court, Writtle Road, Chelmsford, CM1 3WQ - 1 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£80.8K - £325K
Sold Prices/m²£2K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£250,000
BMV25%

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

£1,075 - £1,600

Rent Estimate

£1,150

Running Costs/mo

£875

Cashflow/mo

£275

Cashflow/yr

£3,300

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80.8K to £325K, average is £216.5K. £2K/m² to £5.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£254K03/230.04 miFlat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£250K04/230.04 miFlat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£202K03/230.1 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£186K08/210.1 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£205K01/230.11 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£184K12/200.14 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£225K10/210.14 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.14 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.14 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£197.5K01/210.14 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£213K10/200.14 mi5, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.14 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£225K10/210.17 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.17 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£195K03/210.22 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.23 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£200K03/210.23 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£175K02/210.24 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£227.5K12/220.27 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£112.5K01/230.28 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£200K05/230.31 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£260K01/210.32 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£215K04/210.35 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.35 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£207.5K05/230.38 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£307.5K07/230.39 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£183K06/210.39 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£183K06/210.39 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.39 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£325K01/230.49 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£265K01/210.5 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.5 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£195K11/210.51 mi18, Sherwood Drive, Chelmsford, Essex CM1 3DN2
£223K11/210.53 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£215K01/230.54 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£250K07/230.54 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£310K05/230.55 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.55 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.56 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£240K10/210.56 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£232K05/210.57 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.57 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.58 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£282.5K11/210.64 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£275K03/210.65 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£218K03/210.69 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£140K07/210.71 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£280K09/210.75 mi3, County Place, Chelmsford, Essex CM2 0RF2
£220K12/220.8 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.85 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2

Local Rents

50 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10004/240 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,50004/240.1 miCrompton Street, Chelmsford, CM12
£1,40004/240.1 miCrompton Street, Chelmsford2
£1,40012/240.1 mi-2
£1,30003/250.1 mi-2
£1,20004/240.1 miEvelyn Place, CM12
£1,30003/250.12 mi-2
£1,20003/240.12 miParkinson Drive, Chelmsford2
£1,30004/240.14 miCrompton Street, Chelmsford, CM12
£1,35004/240.14 miCrompton Street, Chelmsford2
£1,07504/250.15 mi-2
£1,25004/240.17 miRookes Crescent, Chelmsford2
£1,30005/240.17 miRookes Crescent, Chelmsford2
£1,25004/240.18 miRookes Crescent, Chelmsford, Essex, CM12
£1,60004/240.23 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.23 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,20003/240.25 miParkinson Drive, Chelmsford, CM1 3GW2
£1,25002/240.25 mi-2
£1,10005/240.27 miMead Path, Chelmsford2
£1,35005/240.27 miCutmore Place, Chelmsford, CM22
£1,40004/240.27 miCutmore Place, Chelmsford, CM22
£1,35005/240.27 miCutmore Place, CHELMSFORD2
£1,17503/240.27 miParkinson Drive, CHELMSFORD2
£1,30004/240.27 miParkinson Drive, Chelmsford2
£1,20005/240.27 miParkinson Drive, CHELMSFORD2
£1,20003/240.27 miParkinson Drive, CM12
£1,35003/240.32 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.32 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40004/240.37 miUpper Bridge Road, Chelmsford2
£1,40004/240.37 miUpper Bridge Road, Chelmsford2
£1,20004/240.38 miHaig Court, CHELMSFORD2
£1,15004/240.38 miHaig Court, Chelmsford, CM22
£1,35001/250.38 mi-2
£1,25001/250.38 mi-2
£1,30003/240.43 miUpper Bridge Road, Chelmsford, CM22
£1,30003/240.43 mi-2
£1,30004/240.44 miUpper Bridge Road, Chelmsford2
£1,19504/240.45 miLower Anchor Street, Old Moulsham2
£1,25003/240.45 miMoulsham Street, Chelmsford2
£1,25004/240.45 miMoulsham Street, Chelmsford2
£1,35004/240.46 miFalcons Mead, CITY CENTRE, Chelmsford, CM2 0NN2
£1,30005/240.46 miBradford Street, Chelmsford2
£1,35003/240.46 miLower Anchor Street, Chelmsford, CM22
£1,35003/240.46 miLower Anchor Street, Chelmsford, CM22
£1,60002/250.5 mi-2
£1,60003/250.5 mi-2
£1,60003/250.5 mi-2
£1,45004/240.5 miGrace Bartlett Gardens, CM22
£1,50004/240.51 miBruce Grove, CHELMSFORD2
£1,37503/240.53 miRedcliffe Road, Old Moulsham, Chelmsford, CM22

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.87 miles away

Nearest school

0.30 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £200,000

February 17, 2025

Floor Plans

Description

  • WELL PRESENTED 2 BEDROOM APARTMENT WITH EN SUITE +
  • CONVENIENT LOCATION WITHIN EASY ACCESS TO THE CITY CENTRE & STATION +
  • NO ONWARD CHAIN +
  • SECURITY ENTRY PHONE SYSTEM +
  • ELECTRIC HEATING +
  • COMMUNAL GROUNDS & RESIDENTS PARKING +
  • LOCATED JUST BEFORE THE TURNING TO THE CHELMSFORD CREMATORIUM +
  • WELL WORTH AN INTERNAL VIEWING +

GUIDE PRICE £200,000 - £210,000! This first floor two bedroom apartment is situated on the fringe of the City centre within easy reach of the station and offered with vacant possession and no onward chain. The apartment has a security entry phone system, electric heating and comprises an entrance hall, lounge with balconette, kitchen, main bedroom with en-suite and further bedroom and bathroom. There are communal grounds and residents private parking bays. WELL WORTH AN INTERNAL VIEWING!

Ground floor front entrance door with security entry phone system leading to communal hallway, stairs leading to first floor landing, door to

ENTRANCE HALL
Security entry phone, doors leading to

LOUNGE 5.25m (17' 3") x 3.42m (11' 3") > 2.40m (7'10")
Two electric wall mounted panel heaters, double glazed double doors to balconette, open to

KITCHEN 2.41m (7' 11") x 2.13m (7' 0")
Fitted with a range of units comprising inset one and half bowl single drainer sink unit with mixer tap, working surfaces with cupboards under and drawer unit, built in hob and oven with cooker hood above, space for washing machine and fridge freezer, eye level cupboards.

BEDROOM ONE 3.67m (12' 0") x 3.34m (10' 11")
Electric wall mounted panel heater, double glazed windows to two aspects, built in wardrobe cupboards, door to

EN-SUITE SHOWER ROOM
Comprising w.c., wash hand basin, shower cubicle with fitted shower, shaver socket, double glazed window.

BEDROOM TWO 2.75m (9' 0") x 1.97m (6' 6")
Electric wall mounted panel heater, double glazed window.

BATHROOM
Comprising panel enclosed bath with mixer tap and shower attachment, pedestal wash hand basin, w.c., half tiled walls, shaver socket, electric down-flow heater.

EXTERIOR
There are communal gardens around the block and resident private parking.

Please be aware that should you be successful in having an offer accepted through Adrians, we are legally required by the HMRC to conduct AML (Anti-Money Laundering) Checks for compliance efforts. For this there is a non-refundable charge of £20.00 including VAT per person which will be invoice receipted for your records.

Agent Details

Adrians, Chelmsford

01245 945751

Next Steps?

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