2 Bed Flat, Single Let, Chelmsford, CM2 7UR, £225,000

Chelwater, Great Baddow, Chelmsford, CM2 7UR - a month ago

Leasehold
BTL
ROI: 3%
~71 m²
+8 photos

ValuationUndervalued

Sold Prices£107.5K - £420K
Sold Prices/m²£1.9K/m² - £6K/m²

 

 

Square Metres

~70.90 m²
Price/m²£3.2K/m²

Value Estimate

£279,429
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£14,450

Total Cash In

£70,700

 

 

Cash Out

 

Rent Range

£1,095 - £1,950

Rent Estimate

£1,095

Running Costs/mo

£942

Cashflow/mo

£153

Cashflow/yr

£1,835

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £107.5K to £420K, average is £225K. £1.9K/m² to £6K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£225K12/220 mi134, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£197.5K06/210 mi126, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£201K08/210 mi132, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£222.5K03/230 mi120, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£225K12/220.03 mi114, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UR2
£203K02/210.14 mi26, Gerard Gardens, Chelmsford, Essex CM2 9GD2
£191.5K08/210.15 mi51, Mascalls Way, Chelmsford, Essex CM2 7NR2
£195K11/210.15 mi19, Mascalls Way, Chelmsford, Essex CM2 7NR2
£107.5K12/200.18 mi6, Searle Close, Chelmsford, Essex CM2 9GB2
£237.5K09/210.19 mi17, Searle Close, Chelmsford, Essex CM2 9GB2
£120K05/230.19 mi1, Searle Close, Chelmsford, Essex CM2 9GB2
£212.5K06/210.19 mi44, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£206K09/210.19 mi42, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£215K08/230.19 mi40, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£250K04/210.19 mi106, Harberd Tye, Chelmsford, Essex CM2 9GJ2
£247.5K01/230.21 mi5, Goodwin Close, Chelmsford, Essex CM2 9GX2
£237K06/210.21 mi21, Goodwin Close, Chelmsford, Essex CM2 9GX2
£247K12/200.35 miFlat 14, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£260K03/210.35 miFlat 34, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£238K07/230.35 miFlat 23, Roberts Court, Baddow Road, Chelmsford, Essex CM2 9RQ2
£215K03/230.41 mi172, Baddow Road, Chelmsford, Essex CM2 9QW2
£235K01/230.43 mi10, Waterson Vale, Chelmsford, Essex CM2 9PB2
£215K07/230.47 mi21, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£290K03/230.48 mi18, Pearl Square, Chelmsford, Essex CM2 9FP2
£252.5K02/210.52 mi75, Lockside Marina, Chelmsford, Essex CM2 6HF2
£200K12/200.52 mi23, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£210K11/200.52 mi9, Kingfisher Lodge, Chelmsford, Essex CM2 7JZ2
£300K03/210.52 mi48, Lockside Marina, Chelmsford, Essex CM2 6HF2
£250K03/210.53 mi32, Lambourne Chase, Chelmsford, Essex CM2 9FF2
£195K08/210.53 miFlat 24, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£190K03/210.53 miFlat 1, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£232.5K07/230.53 miFlat 16, Burwood Court, Goldlay Avenue, Chelmsford, Essex CM2 0TW2
£225K04/210.55 mi24, Burghley Way, Chelmsford, Essex CM2 9LQ2
£230K12/200.55 mi44, Burghley Way, Chelmsford, Essex CM2 9LQ2
£247.5K05/230.61 mi14, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£190K06/210.61 mi23, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£224K03/210.61 mi30, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£240K07/230.61 mi19, Wood Dale, Great Baddow, Chelmsford, Essex CM2 8EZ2
£420K03/210.61 mi16, The Vineyards, Great Baddow, Chelmsford, Essex CM2 7QS2
£275K10/200.62 mi5, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.63 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£245K02/210.63 mi11, Lynmouth Gardens, Chelmsford, Essex CM2 0UH2
£218K02/230.67 mi84, Readers Court, Chelmsford, Essex CM2 8HA2
£205K12/200.73 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£210K12/200.73 mi27, Fawkner Close, Chelmsford, Essex CM2 6UP2
£242.5K06/230.73 mi25, Fawkner Close, Chelmsford, Essex CM2 6UP2
£320K06/230.74 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£270K11/200.75 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£220K12/200.77 mi53, Hill Road, Chelmsford, Essex CM2 6HP2
£242.5K11/210.79 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2

Local Rents

50 rents from £1.1K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40002/250.02 mi-2
£1,95005/240.06 mi-2
£1,95004/240.06 miChelwater, Great Baddow, Chelmsford, CM22
£1,75005/240.07 miBaddow Road, Chelmsford, CM22
£1,75004/240.07 miBaddow Road, Chelmsford, CM2N/A
£1,75004/240.07 mi-2
£1,75005/240.07 mi-2
£1,75003/250.07 mi-2
£1,27504/240.08 miBaddow Road, Chelmsford2
£1,27505/240.08 miBaddow Road, Chelmsford2
£1,10003/240.13 miMeadgate Avenue, CM22
£1,19505/240.15 miHarberd Tye, Great Baddow2
£1,22504/240.19 miSearle Close, Chelmsford2
£1,09504/240.19 miHarberd Tye, CHELMSFORD2
£1,30003/240.19 miHarberd Tye, Great Baddow, CM22
£1,20004/240.2 miBaddow Road, Chelmsford2
£1,30004/240.2 miBaddow Road, Chelmsford2
£1,10010/230.21 miGoodwin Close, Great Baddow, Chelmsford2
£1,30005/240.22 miGoodwin Close, CM22
£1,40003/240.22 miLea Court, Baddow Road2
£1,40003/240.22 miLea Court, Baddow Road2
£1,45003/240.26 miWallace Crescent, Chelmsford, CM22
£1,50003/250.32 mi-2
£1,50002/240.46 mi-2
£1,50002/250.46 mi-2
£1,50003/250.47 mi-2
£1,49004/240.47 miWharf Road, Chelmsford, Essex, CM22
£1,49003/240.47 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.47 miWharf Road, One Canalside, Chelmsford, CM22
£1,09503/240.47 miAmcotes Place, CM22
£1,35001/250.47 mi-2
£1,29503/240.47 miAsh Grove, Chelmsford, Essex, CM22
£1,66204/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,47504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,45503/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,47004/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,48505/240.48 miWharf Road, Chelmsford, Essex, CM22
£1,30003/240.52 mi-2
£1,27503/240.52 miLockside Marina, Chelmsford2
£1,42505/240.52 miLockside Marina, CHELMSFORD2
£1,40005/240.52 miLockside Marina, Chelmsford, CM2 6HF2

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.46 miles away

Nearest school

0.20 miles away

Nearest train station

1.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £225,000

February 25, 2025

Floor Plans

Description

  • Two Bedroom Top Floor Apartment +
  • No Onward Chain +
  • Great Location Close to Chelmsford Town Centre +
  • Cul-de-Sac +
  • With Allocated Residential Parking +
  • Ideal for First Time Buyers or Investors +

Charming 2-bedroom apartment on the upper floor, offering a peaceful retreat in a prime location. This property features residents parking, creating convenience for modern living. Ideal for first-time buyers or investors seeking a promising rental opportunity. Book a viewing today!

“Please note that any services, heating systems, or appliances have not been tested and no warranty can be given or implied as to their working order.”

Agent Details

Leaders Sales, Witham

01376 315806

Next Steps?

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