2 Bed Flat, Single Let, Chelmsford, CM1 6QR, £150,000

Foxglove Way, Springfield, Chelmsford, CM1 6QR - 2 views - a month ago

Leasehold
BTL
ROI: 11%
~68 m²
+6 photos

ValuationUndervalued











Cashflows



































Property History

Listed for £150,000

February 17, 2025

Floor Plans

Description

  • No onward chain +
  • Low lease term circa 54 years +
  • Second floor +
  • Lounge/diner +
  • Two bedrooms +
  • Good access to the A12 +
  • On a bus route to the railway station +
  • Trains to London Stratford from 31 minutes & Liverpool Street from 36 minutes +
  • Near by local shops & stores +
  • Ideal buy to let property +

This bright and airy top floor flat is located in the popular Springfield area of the City and is being offered for sale with no onward chain. Inside, there is an entrance hall, lounge/diner, kitchen, two bedrooms and a bathroom. Outside, there is a residents parking area and communal garden space.

The sellers are for sale at a Guide Price considered less than the market value due to the remaining lease term. Overall, this flat is a fantastic opportunity for anyone looking to expand their investment portfolio.

Foxglove Way is located off of Petunia Crescent in the popular Springfield area which is conveniently located close to a range of local amenities, making everyday tasks such as grocery shopping or going for a meal out a breeze. Springfield offers excellent links to the A12 and is on a bus route in to the City and railway station with trains to London Stratford from 31 minutes and Liverpool Street from 36 minutes.

Agents note: The property currently has 54 years remaining on the lease. We hold a valuation letter in accordance with extending this which can be made available upon request.

Band B is the Council Tax band for this property and the annual council tax bill is £1,682.52.

Tenure: Leasehold

Lease length: 99 year lease from 25 June 1979. 54 years remaining

Ground rent: £120 per annum until 2036. The ground rent will then increase to £180 for the remainder of the term.

Service charge: £1,349.47 for the period 01/04/2024 - 31/03/2025

As an integral part of the community, we’ve gotten to know the best professionals for the job. If we recommend one to you, it will be in good faith that they’ll make the process as smooth as can be. Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200. You are under no obligation to use a third party we have recommended.

Should you successfully have an offer accepted on a property of ours and proceed to purchase it there is an administration charge of £30 inc. VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.

Second floor

Entrance hall

Lounge/diner
4.78 m x 3.43 m (15'8" x 11'3")

Kitchen
2.59 m x 2.62 m (8'6" x 8'7")

Bedroom 1
2.77 m x 3.84 m (9'1" x 12'7")

Bedroom 2
2.16 m x 2.67 m (7'1" x 8'9")

Bathroom

Outside

Resident parking area

Communal gardens

Agent Details

HOME, Chelmsford

01245 945628

Next Steps?

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

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