2 Bed Flat, Single Let, Chelmsford, CM1 4DD, £265,000

Courtlands, Patching Hall Lane, Chelmsford, CM1 4DD - 1 views - 2 months ago

Leasehold
BTL
ROI: 1%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£172K - £285K
Sold Prices/m²£2.7K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.9K/m²

Value Estimate

£257,541

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Total Cash In

£76,150

 

 

Cash Out

 

Rent Range

£995 - £1,600

Rent Estimate

£1,113

Running Costs/mo

£1,071

Cashflow/mo

£42

Cashflow/yr

£507

ROI

1%

Gross Yield

5%

Local Sold Prices

31 sold prices from £172K to £285K, average is £218K. £2.7K/m² to £4.7K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£265K08/210.2 mi34, Kelvedon Close, Chelmsford, Essex CM1 4DG2
£230K08/210.2 mi12, Kelvedon Close, Chelmsford, Essex CM1 4DG2
£260.5K12/200.2 mi40, Kelvedon Close, Chelmsford, Essex CM1 4DG2
£218K10/200.34 mi12, Cumberland Crescent, Chelmsford, Essex CM1 4AJ2
£197K05/210.35 mi131, Woodhall Road, Chelmsford, Essex CM1 4AF2
£250K12/220.36 mi12, Cumberland Crescent, Chelmsford, Essex CM1 4AJ2
£225K02/230.4 mi50, Wickham Crescent, Chelmsford, Essex CM1 4WD2
£192.5K03/210.4 mi62, Wickham Crescent, Chelmsford, Essex CM1 4WD2
£219K06/210.44 mi43, Main Road, Broomfield, Chelmsford, Essex CM1 7BU2
£250K02/230.44 mi43a, Main Road, Broomfield, Chelmsford, Essex CM1 7BU2
£230K03/230.56 mi2, Tees Road, Chelmsford, Essex CM1 7QH2
£230K07/230.56 mi8, Tees Road, Chelmsford, Essex CM1 7QH2
£205K05/210.56 mi9, Blackwater Close, Chelmsford, Essex CM1 7QJ2
£225K12/220.58 mi45, Waveney Drive, Chelmsford, Essex CM1 7PZ2
£202K11/200.65 mi19, Tamar Rise, Chelmsford, Essex CM1 7QL2
£215K06/230.69 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£212.5K04/210.69 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£195K03/230.69 mi63, Tamar Rise, Chelmsford, Essex CM1 7QL2
£205K04/210.76 mi181, Waveney Drive, Chelmsford, Essex CM1 7QD2
£200K10/200.77 mi3, Canberra Close, Chelmsford, Essex CM1 2EF2
£172K11/200.79 mi168, Kings Road, Chelmsford, Essex CM1 2BE2
£180K05/230.8 mi131, Kings Road, Chelmsford, Essex CM1 2BD2
£212K11/200.83 mi73, Goodier Road, Chelmsford, Essex CM1 2GG2
£232.5K06/210.83 mi18, Goodier Road, Chelmsford, Essex CM1 2GG2
£233K12/210.83 mi41, Goodier Road, Chelmsford, Essex CM1 2GG2
£220K02/210.83 mi24, Goodier Road, Chelmsford, Essex CM1 2GG2
£248K04/230.83 mi20, Goodier Road, Chelmsford, Essex CM1 2GG2
£215K01/230.83 mi20, Murchison Close, Chelmsford, Essex CM1 2ER2
£200K09/210.88 mi85, Melbourne Avenue, Chelmsford, Essex CM1 2DR2
£205.5K09/210.94 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£285K04/210.97 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2

Local Rents

20 rents from £995/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30004/240 miCourtlands, Patching Hall Lane, Chelmsford2
£1,29503/240.02 miCourtlands, Patching Hall Lane, Chelmsford, Essex2
£1,50005/240.11 miBroomfield Road Chelmsford, Essex, CM1 4DY, UK2
£1,50005/240.11 miBroomfield Road, Chelmsford2
£99503/240.32 miSunrise Avenue, Chelmsford2
£1,20005/240.4 miWickham Crescent, Chelmsford, CM1 4WD2
£1,49505/240.4 miAubrey Close, Chelmsford, Essex, CM12
£1,20003/240.4 miCoombe Rise, Broomfield2
£1,35004/250.41 mi-2
£1,40003/240.44 miChester Place, Chelmsford2
£1,10004/240.46 miTennyson Road, Chelmsford, CM12
£1,30003/240.46 miEastern Crescent, Chelmsford, CM12
£1,30003/250.49 mi-2
£1,40004/240.5 miVellacotts, Chelmsford, CM12
£1,25002/240.54 mi-2
£1,25003/240.54 miVarden Close, CHELMSFORD2
£1,25003/240.55 miOliver Way, Chelmsford2
£1,45011/230.56 miWest Avenue, Chelmsford2
£1,60004/240.61 miRolfe Road, Chelmsford, London, CM12
£1,00003/240.62 miBounderby Grove, Chelmsford2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

1 miles away

Nearest school

0.20 miles away

Nearest train station

1.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £265,000

February 25, 2025

Floor Plans

Description

  • Top Floor Apartment +
  • Lounge/Diner +
  • Well Maintained & Improved by Current Owners +
  • Fitted Kitchen +
  • Two Double Bedrooms +
  • 999 Year Lease From 12/8/2011 With a Share Of Freehold +
  • £1635.00 PA Service Charge +
  • Peppercorn Ground Rent +
  • Gas Central Heating +

Bond Residential are delighted to offer for sale this top floor apartment which has been well maintained by the current owner situated within 1.25 miles of the City centre & mainline railway station. The property offers an entrance hall with built in storage cupboards, lounge/diner, fitted kitchen, two double bedrooms, bathroom and separate WC with modern white suite. Outside the property benefits from a garage in block and outside storage cupboard as well as residents parking & communal gardens. LOCATION Situated within walking distance of the two Grammar schools as well as being within easy access of Broomfield Hospital. Chelmsford city centre offers a fantastic range of places to socialise and eat with a wide range of restaurants from small family run independent ones to larger well know chains serving cuisines from around the world. Along with a thriving nightlife with a selection of bars, there are two theatres including the Civic Theatre and two multi-screen cinemas. The pedestrianised High Street, two shopping precincts, retail parks as well as several designer stores in the popular Bond Street ensure residents benefit from a wide choice of shopping facilities. Chelmsford offers a comprehensive range of leisure and sporting facilities with a selection of gyms, the recently refurbished Riverside Ice & Leisure Centre, a selection of golf courses and sports clubs. Chelmsford is the home to Essex County Cricket Club. The Cathedral is in the heart of the city. Chelmsford is renowned for its educational excellence and Patching Hall Lane is within the highly desirable catchments of two outstanding grammars, King Edward VI Grammar School and Chelmsford County High School for girls, which are two of the country’s top performing grammar schools. St John Payne high school is also conveniently located and there are several private schools within the wider chelmsford area. For higher education there is Writtle Agricultural College and Anglian Ruskin University. There is a selection of parks and open spaces within close proximity. Chelmsford is a sought-after commuting city with a mainline station offering a direct service to London Liverpool St with a journey time as fast as 32 minutes. Patching Hall Lane benefits from a regular bus service into the city centre.

Agent Details

Bond Residential, Chelmsford

01245 945696

Next Steps?

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