2 Bed Flat, Single Let, Chelmsford, CM1 1UE, £240,000

Durrant Court, Brook Street, CM1 1UE - 3 views - 2 months ago

BTL
ROI: 3%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£80.8K - £385K
Sold Prices/m²£3.1K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£270,095
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,150 - £3,300

Rent Estimate

£1,200

Running Costs/mo

£1,010

Cashflow/mo

£190

Cashflow/yr

£2,280

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £232K. £3.1K/m² to £5.2K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£285K04/210.18 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£253K02/210.4 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£385K06/230.42 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£205.5K09/210.43 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£85K06/210.45 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£215K02/230.45 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£160K12/200.46 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£80.8K03/210.46 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£220K12/220.54 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£254K11/210.57 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£260K02/230.58 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£242.5K11/210.58 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£270K11/200.63 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£320K06/230.64 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£212K11/200.64 mi73, Goodier Road, Chelmsford, Essex CM1 2GG2
£232.5K06/210.64 mi18, Goodier Road, Chelmsford, Essex CM1 2GG2
£233K12/210.64 mi41, Goodier Road, Chelmsford, Essex CM1 2GG2
£220K02/210.64 mi24, Goodier Road, Chelmsford, Essex CM1 2GG2
£248K04/230.64 mi20, Goodier Road, Chelmsford, Essex CM1 2GG2
£220K12/200.65 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£280K09/210.66 mi3, County Place, Chelmsford, Essex CM2 0RF2
£230K03/230.67 mi2, Tees Road, Chelmsford, Essex CM1 7QH2
£230K07/230.67 mi8, Tees Road, Chelmsford, Essex CM1 7QH2
£225K12/220.72 mi45, Waveney Drive, Chelmsford, Essex CM1 7PZ2
£218K03/210.72 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£282.5K11/210.72 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£177K06/210.73 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£275K03/210.74 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£313K06/210.76 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£310K05/230.76 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.76 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£202K11/200.76 mi19, Tamar Rise, Chelmsford, Essex CM1 7QL2
£205K05/210.77 mi9, Blackwater Close, Chelmsford, Essex CM1 7QJ2
£232K05/210.81 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£215K06/230.81 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£212.5K04/210.81 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£195K03/230.81 mi63, Tamar Rise, Chelmsford, Essex CM1 7QL2
£232K05/210.81 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.81 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£325K01/230.83 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£180K05/230.84 mi131, Kings Road, Chelmsford, Essex CM1 2BD2
£215K01/230.84 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£300K03/210.85 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£252.5K02/210.85 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£223K11/210.85 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£140K07/210.86 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£245K02/210.86 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.86 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£275K10/200.87 mi5, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£172K11/200.87 mi168, Kings Road, Chelmsford, Essex CM1 2BE2

Local Rents

50 rents from £1.1K/mo to £3.3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,15005/240.01 miDurrant Court, Brook Street, CM12
£1,25004/240.01 miDurrant Court, Brook Street, Chelmsford, CM12
£3,30002/240.03 mi-2
£1,40001/250.04 mi-2
£1,35004/240.04 miNew Street, Chelmsford2
£1,50004/240.05 miNew Street, Chelmsford, Essex, CM12
£1,47504/240.06 miNew Street, Chelmsford, CM12
£1,45004/240.06 miNew Street, Chelmsford, Essex2
£1,47504/240.06 miNew Street, Chelmsford, CM12
£1,20004/240.06 miNew Street, City Centre2
£1,35003/240.09 miVictoria Court, New Street, CM12
£1,40005/240.1 miBishop Road, CM12
£1,55004/240.15 miDunn Side, Chelmsford, CM12
£1,55005/240.15 mi-2
£1,55004/240.15 mi-2
£1,50004/240.19 miVictoria Court, New Street, Chelmsford, CM12
£1,45005/240.19 miVictoria Court, New Street, Chelmsford, CM12
£1,50002/240.2 mi-2
£1,40004/240.2 miVictoria Court, New Street, Chelmsford, CM12
£1,77504/250.2 mi-2
£1,55004/240.2 miDunn Side, Chelmsford2
£1,55004/240.2 miDunn Side, Chelmsford2
£1,70003/240.2 miRegina Road, Chelmsford2
£1,40003/240.2 miNew Street, Chelmsford2
£1,60004/240.2 miWatson Heights, Chelmsford, Essex, CM12
£1,50003/240.2 miVictoria Court, New Street, Chelmsford, Essex, CM12
£1,35004/240.2 miNew Street, Chelmsford, CM12
£1,45003/240.21 miWatson Heights, Chelmsford, Essex, CM12
£1,50004/240.21 miWatson Heights, Chelmsford, Essex, CM12
£1,50012/240.21 miWatson Heights, City Centre2
£1,39003/240.21 miHenry Road, Chelmsford2
£1,59504/240.21 miWatson Heights, Chelmsford, Essex, CM12
£1,60005/240.21 mi-2
£1,55005/240.22 mi-2
£1,55005/240.22 miWatson Heights, Chelmsford, CM12
£1,55005/240.22 miWatson Heights, Chelmsford2
£1,57503/240.22 miVictoria Road, Chelmsford2
£1,20004/240.23 miVictoria Court, Chelmsford2
£1,60004/240.23 miVictoria Court, Chelmsford2
£1,60004/240.23 miVictoria Court, Chelmsford2
£1,40004/240.23 miVictoria Court, CITY CENTRE, Chelmsford, CM1 1GP2
£1,60002/240.24 mi-2
£1,55003/240.26 miVictoria Road, Chelmsford2
£1,50004/240.26 miCity Place, Victoria Road, Chelmsford2
£1,55004/240.26 miFlat 1 7 Victoria Road Chelmsford CM1 1NZ2
£1,40003/250.27 mi-2
£1,55004/240.27 miMarconi Road, Chelmsford2
£1,40004/240.29 miVictoria Crescent, Chelmsford2
£1,40004/240.29 miVictoria Crescent, Chelmsford2
£1,40004/240.29 miVictoria Crescent, CITY CENTRE, Chelmsford, CM1 1QF2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £240,000

February 19, 2025

Floor Plans

Description

  • Two bedrooms +
  • Ground floor apartment +
  • Spacious open plan living +
  • Allocated parking +
  • Sought-after location +
  • Perfect for first-time buyers or investors +

Introducing this ground floor apartment located in a sought-after area. Boasting a modern open plan kitchen / diner / lounge, two bedrooms, a sleek bathroom, and allocated parking, this property offers the perfect combination of comfort and convenience. The apartment benefits from ample natural light, creating a bright and airy atmosphere throughout.

Situated in a prime location, this property is within easy reach of local amenities, shops, and transport links, making it an ideal choice for professionals or families. Don't miss the opportunity to make this charming apartment your new home. Contact us today to arrange a viewing.

Agent Details

Beresfords, Chelmsford

01245 945593

Next Steps?

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