3 Bed Flat, Single Let, Halstead, CO9 2BZ, £230,000

Upper Chapel Street, Halstead, Essex, CO9 2BZ - 2 months ago

BTL
ROI: 6%
~79 m²
+5 photos

Valuation

Sold Prices£187.6K - £267K

 

 

Square Metres

~79 m²

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£1,300 - £3,200

Rent Estimate

£1,349

Running Costs/mo

£1,009

Cashflow/mo

£340

Cashflow/yr

£4,085

ROI

6%

Gross Yield

7%

Local Sold Prices

2 sold prices from £187.6K to £267K, average is £227.3K.

PriceDateDistanceAddressBeds 
£267K03/210.17 miFlat 3, Congregation House, Parsonage Street, Halstead, Essex CO9 2JW3
£187.6K05/220.71 mi73a, White Horse Avenue, Halstead, Essex CO9 1AN3

Local Rents

11 rents from £1.3K/mo to £3.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.22 mi-3
£1,80010/240.22 mi-3
£1,80002/250.22 mi-3
£1,80003/250.22 mi-3
£3,20012/240.23 mi-3
£1,30012/240.24 mi-3
£1,49509/240.27 mi-3
£1,80003/250.27 mi-3
£1,90009/240.27 mi-3
£1,90001/250.27 mi-3
£1,90012/240.27 mi-3

Local Area Statistics

Population in CO9

25,162

Town centre distance

0.19 miles away

Nearest school

0.20 miles away

Nearest train station

5.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+41%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Price changed to £230,000

March 20, 2025

Listed for £240,000

February 22, 2025

Floor Plans

Description

  • Three Double Bedrooms +
  • Family Bathroom +
  • Lounge Diner +
  • Kitchen Breakfast Room +
  • Communal Garden +
  • Gas Central Heating +
  • Central Location +
  • Driveway and Garage +

Buyers Guide £230,000 to £240,000.
This centrally located three-bedroom apartment, offers a rare opportunity to acquire a freehold property for a great deal less than a similarly sized three-bedroom house. The property has a Lounge diner, kitchen breakfast room, family bathroom, garage and driveway and use of a communal garden.

INTERNALLY

The property commences with a hallway, off which is a storage cupboard and an alcove area ideal for the storage of coats etc, beyond the alcove is a well-appointed family bathroom. There are three well proportioned double bedrooms all capable of accommodating double beds and bedroom furniture. To the front of the property is the largest of the three bedrooms and the properties lounge, both rooms are light and airy with far reaching views over the roof tops of Halstead. Bespoke handmade fitted shutters give these rooms and the external look of the apartment that modern contemporary finish and feel. The kitchen breakfast room has storage and worktop space a plenty for cooking and food preparation. There is full gas central heating, and the property has double glazing throughout.

EXTERNALLY

To the front of the property there is driveway that leads to a single garage with up and over door. The back garden has timber fence and walled boundaries, there are a few ornamental trees and bushes to the sides. The garden is predominantly laid to lawn.

LOUNGE - 17'1" x 11'8"
KITCHEN BREAKFAST ROOM - 11'6" x 10'4"
BEDROOM 1 - 14'10 x 10'1"
BEDROOM 2 - 11'6" x 7'6"
FAMILY BATHROOM - 9'7" x 4'10"
BEDROOM 3 - 11'7" x 7'5"

LOCATION

The property is conveniently positioned within the heart of Halstead. Schools' shops and other essential amenities are all within easy reach.

AGENTS NOTE

The owners automatically become directors of the freehold company of the property, all directors pay £600 per annum into a freehold sinking fund to pay for ongoing maintenance and repairs. This payment also covers the cost of buildings insurance.

NB All opinions of our Inspecting Negotiator.

Disclaimer:
We make every effort to ensure these property particulars are accurate, as to the best of the vendors' knowledge and they should not be referred to as fact. They are a general guide to the property, not part of any offer nor contract, and all measurements are approximate. We also confirm that we have not tested any equipment, appliances nor services and therefore recommend you instruct your own survey reports. Where floor plans are provided, these are for illustrative purposes only, whilst every attempt has been made to ensure the accuracy of the floor plan, placement of windows, doors and any other items are approximate, no responsibility is taken for any error, misstatement or omission.

Agent Details

ST. GEORGE PROPERTY GROUP, Halstead

01787 321001

Next Steps?

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