2 Bed Flat, Single Let, Chelmsford, CM1 3GS, £180,000

Parkinson Drive, Chelmsford, CM1 3GS - 3 views - a month ago

Leasehold
BTL
ROI: 8%
~68 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£216,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£1,075 - £1,600

Rent Estimate

£1,183

Running Costs/mo

£819

Cashflow/mo

£364

Cashflow/yr

£4,367

ROI

8%

Gross Yield

8%

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 
£195K03/210.06 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.07 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£260K01/210.09 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£225K10/210.1 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.1 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£215K04/210.12 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.12 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£225K10/210.13 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.13 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.13 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
£307.5K07/230.14 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£184K12/200.15 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£207.5K05/230.15 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£205K01/230.16 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£186K08/210.17 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£202K03/230.17 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£325K01/230.22 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£254K03/230.23 miFlat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£250K04/230.23 miFlat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£223K11/210.28 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£215K01/230.28 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£310K05/230.29 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.29 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.29 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£232K05/210.32 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.32 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.32 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£200K03/210.34 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£250K07/230.35 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£240K10/210.37 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£175K02/210.39 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£275K03/210.39 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£282.5K11/210.43 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£227.5K12/220.43 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£112.5K01/230.43 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£200K05/230.44 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£183K06/210.45 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£183K06/210.46 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.46 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£280K09/210.49 mi3, County Place, Chelmsford, Essex CM2 0RF2
£140K07/210.49 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£218K03/210.49 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£220K12/220.56 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.59 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£85K06/210.6 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£265K01/210.65 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.65 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2

Local Rents

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

RentDateDistanceAddressBeds 
£1,17503/240 miParkinson Drive, CHELMSFORD2
£1,30004/240 miParkinson Drive, Chelmsford2
£1,20005/240 miParkinson Drive, CHELMSFORD2
£1,20003/240 miParkinson Drive, CM12
£1,20003/240.03 miParkinson Drive, Chelmsford, CM1 3GW2
£1,35003/240.07 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.07 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,25004/240.09 miRookes Crescent, Chelmsford, Essex, CM12
£1,25004/240.1 miRookes Crescent, Chelmsford2
£1,30005/240.1 miRookes Crescent, Chelmsford2
£1,40004/240.1 miUpper Bridge Road, Chelmsford2
£1,40004/240.1 miUpper Bridge Road, Chelmsford2
£1,35001/250.12 mi-2
£1,07503/250.14 mi-2
£1,60004/240.14 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.14 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,20003/240.15 miParkinson Drive, Chelmsford2
£1,30004/240.15 miCrompton Street, Chelmsford, CM12
£1,35004/240.15 miCrompton Street, Chelmsford2
£1,20004/240.15 miHaig Court, CHELMSFORD2
£1,30003/240.16 miUpper Bridge Road, Chelmsford, CM22
£1,30003/240.16 mi-2
£1,15004/240.16 miHaig Court, Chelmsford, CM22
£1,25001/250.16 mi-2
£1,20004/240.16 miEvelyn Place, CM12
£1,30003/250.17 mi-2
£1,30004/240.17 miUpper Bridge Road, Chelmsford2
£1,30003/250.17 mi-2
£1,40012/240.18 mi-2
£1,35004/240.19 miFalcons Mead, CITY CENTRE, Chelmsford, CM2 0NN2
£1,19504/240.2 miLower Anchor Street, Old Moulsham2
£1,50004/240.2 miCrompton Street, Chelmsford, CM12
£1,40004/240.2 miCrompton Street, Chelmsford2
£1,35003/240.21 miLower Anchor Street, Chelmsford, CM22
£1,35003/240.21 miLower Anchor Street, Chelmsford, CM22
£1,30005/240.22 miBradford Street, Chelmsford2
£1,25002/240.24 mi-2
£1,50012/240.27 miWolseley Road, Chelmsford, Essex, CM22
£1,10004/240.27 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,40004/240.28 miNew Writtle Street, Chelmsford, CM22
£1,35005/240.28 miNew Writtle Street, Chelmsford, CM22
£1,35004/240.28 miNew Writtle Street, Chelmsford, CM2 0RR2
£1,25003/240.28 miNew Writtle Street, Chelmsford, CM22
£1,25004/240.28 miNew Writtle Street, Chelmsford, CM22
£1,20005/240.32 miStapleford Close, Chelmsford, CM22
£1,20012/240.32 miStapleford Close, Chelmsford, CM22
£1,37503/240.33 miRedcliffe Road, Old Moulsham, Chelmsford, CM22
£1,30004/240.34 miAnchor Street, Chelmsford, CM22
£1,25003/240.34 miMoulsham Street, Chelmsford2
£1,25004/240.34 miMoulsham Street, Chelmsford2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £180,000

February 19, 2025

Floor Plans

Description

  • Two bedrooms +

  • NO CHAIN +

  • Walking distance to station +

  • Second floor +

  • Popular location +

  • GUIDE PRICE £180,000-£190,000 +

SUMMARY
This two bedroom second floor flat being offered with NO ONWARD CHAIN. The property benefits from easy access to Chelmsford City Centre offering a wide range of day to day shopping facilities & access to mainline railway station. Early viewings are advertised for this property.

DESCRIPTION
.

Entrance Hall 

Lounge 19' x 14' 4" ( 5.79m x 4.37m )

Kitchen 9' 8" x 9' 1" ( 2.95m x 2.77m )

Bedroom One 10' 8" x 8' 8" ( 3.25m x 2.64m )

Bedroom Two 10' 8" x 6' 8" ( 3.25m x 2.03m )

Bathroom 8' 5" x 5' 5" ( 2.57m x 1.65m )

Agents Note: 
Lease: 99 years from 24 December 2001
Lease: 75 years remaining (please be aware of short lease)
Current ground rent: £150.00 pa
Current service charge: £1,430.08 pa

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Chelmsford

01245 945123

Next Steps?

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