2 Bed Flat, Single Let, Chesham, HP5 1BP, £240,000

Chesham, Buckinghamshire, HP5 1BP - 1 views - 2 months ago

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Leasehold

BTL

ROI: 3%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£80K - £635K
Sold Prices/m²	£1.5K/m² - £14.6K/m²

Square Metres	~68.11 m²
Price/m²	£3.5K/m²
Value Estimate	£283,851£283,851
BMV	18%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£60,000£60,000
Stamp Duty & Legal Fees	£8,400£8,400
Total Cash In	£68,400£68,400

Cash Out
Rent Range	£1,100 - £1,700£1,100 - £1,700
Rent Estimate	£1,159
Running Costs/mo	£1,002£1,002
Cashflow/mo	£157£157
Cashflow/yr	£1,886£1,886
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

31 sold prices from £80K to £635K, average is £263K. £1.5K/m² to £14.6K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	10/21	0.13 mi	17a, Market Square, Chesham, Buckinghamshire HP5 1HG	£4,335	58	2	Flat
£80K	11/22	0.17 mi	13, Town Bridge Court, Chesham, Buckinghamshire HP5 1LN	£1,481	54	2	Flat
£85K	02/21	0.18 mi	7, Town Bridge Court, Chesham, Buckinghamshire HP5 1LN	£1,735	49	2	Flat
£167K	06/21	0.18 mi	34, Townbridge Court, Chesham, Buckinghamshire HP5 1LN	£3,479	48	2	Flat
£85K	02/21	0.18 mi	7, Town Bridge Court, Chesham, Buckinghamshire HP5 1LN	£1,735	49	2	Flat
£300K	06/23	0.24 mi	19, Forelands Way, Chesham, Buckinghamshire HP5 1QP	£4,054	74	2	Flat
£330K	12/20	0.24 mi	5, Forelands Way, Chesham, Buckinghamshire HP5 1QP	£4,074	81	2	Flat
£287.5K	06/21	0.24 mi	31, Forelands Way, Chesham, Buckinghamshire HP5 1QP	-	-	2	Flat
£280K	01/21	0.24 mi	17, Forelands Way, Chesham, Buckinghamshire HP5 1QP	£3,590	78	2	Flat
£320K	02/21	0.24 mi	29, Forelands Way, Chesham, Buckinghamshire HP5 1QP	£4,156	77	2	Flat
£200K	06/23	0.24 mi	14, Victoria Road, Chesham, Buckinghamshire HP5 3AJ	-	-	2	Flat
£262.5K	12/22	0.24 mi	1, Victoria Road, Chesham, Buckinghamshire HP5 3AJ	£14,583	18	2	Flat
£220K	09/21	0.32 mi	42, Victoria Road, Chesham, Buckinghamshire HP5 3AH	-	-	2	Flat
£220K	09/21	0.32 mi	42, Victoria Road, Chesham, Buckinghamshire HP5 3AH	-	-	2	Flat
£263K	10/20	0.4 mi	15, Freeman Court, Chesham, Buckinghamshire HP5 1AN	£3,925	67	2	Flat
£270K	03/21	0.4 mi	10, Freeman Court, Chesham, Buckinghamshire HP5 1AN	£3,913	69	2	Flat
£289K	12/20	0.4 mi	1, Freeman Court, Chesham, Buckinghamshire HP5 1AN	£4,470	65	2	Flat
£212.5K	09/22	0.44 mi	17, Elmtree Hill, Chesham, Buckinghamshire HP5 2PA	-	-	2	Flat
£260K	01/21	0.44 mi	Flat 13, Lordsmill Court, Waterside, Chesham, Buckinghamshire HP5 1PR	-	-	2	Flat
£300K	03/21	0.49 mi	15, Clay Acre, Chesham, Buckinghamshire HP5 3BL	£4,478	67	2	Flat
£240K	05/21	0.49 mi	227, Riverside Court, Chesham, Buckinghamshire HP5 1PX	£3,333	72	2	Flat
£300K	03/23	0.55 mi	3, Bennetts, Chesham, Buckinghamshire HP5 3AR	£4,762	63	2	Flat
£250K	05/21	0.64 mi	23, Frances Street, Chesham, Buckinghamshire HP5 3ER	£3,731	67	2	Flat
£280K	08/21	0.64 mi	33, Frances Street, Chesham, Buckinghamshire HP5 3ER	£4,179	67	2	Flat
£247K	01/21	0.65 mi	48a, Severalls Avenue, Chesham, Buckinghamshire HP5 3EL	£6,175	40	2	Flat
£242K	05/21	0.67 mi	Flat 3a, Rose Court, Chessmount Rise, Chesham, Buckinghamshire HP5 1RJ	-	-	2	Flat
£635K	10/21	0.89 mi	34, Codmore Crescent, Chesham, Buckinghamshire HP5 3LZ	-	-	2	Flat
£280K	02/23	0.91 mi	49, Woodley Hill, Chesham, Buckinghamshire HP5 1SL	£5,000	56	2	Flat
£310K	12/22	0.96 mi	11, Darvell Drive, Chesham, Buckinghamshire HP5 2QL	-	-	2	Flat
£322K	01/23	0.96 mi	18, Darvell Drive, Chesham, Buckinghamshire HP5 2QL	£5,068	64	2	Flat
£283K	12/22	0.96 mi	2, Darvell Drive, Chesham, Buckinghamshire HP5 2QL	£4,879	58	2	Flat

Local Rents

33 rents from £1.1K/mo to £1.7K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,575	12/24	0.09 mi	-	2	Flat
£1,700	12/24	0.12 mi	Francis Cottages, White Hill, Chesham, HP5	2	Terraced House
£1,450	01/24	0.12 mi	-	2	Flat
£1,375	04/24	0.12 mi	-	2	Flat
£1,375	12/24	0.12 mi	-	2	Flat
£1,200	01/25	0.12 mi	-	2	Terraced House
£1,195	01/25	0.12 mi	-	2	Terraced House
£1,195	02/25	0.12 mi	-	2	Terraced House
£1,195	04/25	0.12 mi	-	2	Terraced House
£1,195	02/25	0.12 mi	-	2	Terraced House
£1,375	12/24	0.18 mi	-	2	Flat
£1,550	12/24	0.19 mi	Germain Street, Chesham, HP5 1LH	2	Flat
£1,295	04/24	0.24 mi	Victoria Road, Chesham	2	Flat
£1,425	10/24	0.27 mi	-	2	Flat
£1,450	03/25	0.3 mi	-	2	Semi-Detached House
£1,600	12/24	0.31 mi	Queens Road, Chesham, HP5	2	Terraced House
£1,450	04/25	0.32 mi	-	2	Flat
£1,500	12/24	0.32 mi	Higham Road, Chesham, HP5	2	Terraced House
£1,300	02/25	0.35 mi	-	2	Flat
£1,375	12/24	0.36 mi	Broad Street, HP5	2	Flat
£1,450	12/24	0.41 mi	Merlebank, Hospital Hill, Chesham, HP5	2	Flat
£1,450	12/24	0.41 mi	Hospital Hill, CHESHAM	2	Flat
£1,450	12/24	0.41 mi	Hospital Hill, CHESHAM	2	Flat
£1,300	12/24	0.41 mi	-	2	Flat
£1,350	12/24	0.44 mi	Lords Mill Court, Waterside, Chesham, Buckinghamshire, HP5	2	Flat
£1,350	12/24	0.5 mi	-	2	Flat
£1,200	03/25	0.52 mi	-	2	Flat
£1,400	12/24	0.54 mi	-	2	Terraced House
£1,100	01/24	0.54 mi	-	2	Terraced House
£1,250	10/23	0.56 mi	-	2	Flat
£1,250	11/24	0.56 mi	-	2	Flat
£1,500	12/24	0.57 mi	Cameron Road, Chesham, HP5	2	Flat
£1,450	04/24	0.61 mi	Stoney Grove , Chesham	2	Terraced House

Local Area Statistics

Population in HP5	25,27725,277
Town centre distance	0.38 miles away0.38 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.05 miles away0.05 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-3%-3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £240,000

February 17, 2025

Floor Plans

Description

Entrance Lobby +
Hallway +
Open Plan Kitchen/Living area +
Family Bathroom +
Off Street Parking For One Car +
Town Centre Location +
No onward chain +
Leasehold 105 years remaining +
Service Charge £1852 per annum +
Ground rent £100 per annum +

Property Description

A fantastic chance to secure this two bedroom flat situated in the heart of Chesham Town Centre. The property benefits from off street parking and is 0.1 miles from the Chesham tube station. Perfect for first time buyers or for investment.

Agent Details

Chancellors, Chesham

01494 341306

Next Steps?

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

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