2 Bed Flat, Planning Permission, Chelmsford, CM1 1SY, £190,000

Broomfield Road, Chelmsford, CM1 1SY - 3 views - a month ago

Leasehold
Planning
ROI: 9%
~68 m²
+13 photos

ValuationUndervalued

Sold Prices£80.8K - £385K
Sold Prices/m²£3.1K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£235,600
BMV24%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£1,100 - £2,800

Rent Estimate

£1,250

Running Costs/mo

£864

Cashflow/mo

£386

Cashflow/yr

£4,635

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £228.5K. £3.1K/m² to £5.5K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£205.5K09/210.02 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£253K02/210.07 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£80.8K03/210.13 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£220K12/220.13 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£85K06/210.17 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£218K03/210.29 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£282.5K11/210.3 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£285K04/210.31 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£212K11/200.32 mi73, Goodier Road, Chelmsford, Essex CM1 2GG2
£232.5K06/210.32 mi18, Goodier Road, Chelmsford, Essex CM1 2GG2
£233K12/210.32 mi41, Goodier Road, Chelmsford, Essex CM1 2GG2
£220K02/210.32 mi24, Goodier Road, Chelmsford, Essex CM1 2GG2
£248K04/230.32 mi20, Goodier Road, Chelmsford, Essex CM1 2GG2
£310K05/230.44 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.44 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.44 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£280K09/210.49 mi3, County Place, Chelmsford, Essex CM2 0RF2
£385K06/230.49 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£325K01/230.51 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£275K03/210.51 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£180K05/230.55 mi131, Kings Road, Chelmsford, Essex CM1 2BD2
£232K05/210.56 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.56 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.56 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£215K01/230.57 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£223K11/210.58 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£172K11/200.59 mi168, Kings Road, Chelmsford, Essex CM1 2BE2
£160K12/200.65 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£307.5K07/230.66 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£215K04/210.68 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.68 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£254K11/210.69 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£207.5K05/230.7 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£260K01/210.7 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£140K07/210.71 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£260K02/230.71 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£242.5K11/210.71 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£270K11/200.73 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£320K06/230.74 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£195K03/210.75 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.75 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£240K10/210.75 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£215K02/230.76 mi14, Abbotts Place, Chelmsford, Essex CM2 6RD2
£250K07/230.77 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£225K10/210.78 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.78 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£184K12/200.79 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£225K10/210.81 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.81 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.81 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2

Local Rents

50 rents from £1.1K/mo to £2.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,35005/240.05 miCedar Avenue West, Chelmsford2
£1,25003/240.07 miBecketts Court, Chelmsford2
£1,35004/240.07 miWest One, 7-13 Rainsford Road, Chelmsford2
£1,29504/240.07 miLesley Court, Rainsford Road, Chelmsford2
£1,70011/230.07 miRailway Street, Chelmsford2
£1,25003/240.08 miBroomfield Road, Chelmsford Essex, CM1 1SW2
£1,35004/240.08 miBroomfield Road, Chelmsford2
£1,30004/240.08 miSteamer Terrace, Chelmsford2
£1,10004/240.09 miKing Edward Court, Cedar Avenue West, CM12
£1,48004/240.1 miGlebe Road, CHELMSFORD2
£1,50004/240.1 miRainsford Road, CHELMSFORD2
£1,45003/240.1 miRainsford Road, Chelmsford2
£1,52503/240.1 miRainsford Road, Chelmsford2
£1,45004/240.1 miRainsford Road, Chelmsford2
£1,50005/240.11 miWells Crescent, Chelmsford2
£1,49504/240.11 miDuke Street, Chelmsford2
£1,49504/240.11 miDuke Street, Chelmsford, Essex, CM12
£1,29504/240.12 miTownfield Street, City Centre2
£1,22504/240.12 miBroomfield Road, Chelmsford2
£2,80005/240.12 mi-2
£2,80002/250.12 mi-2
£2,80001/250.12 mi-2
£2,80001/250.12 mi-2
£1,45003/240.13 miKings Tower, Chelmsford2
£1,50004/240.13 miKings Tower, City Centre2
£1,50005/240.13 miWells Crescent, Town Centre2
£1,62504/240.13 miWicks Place, CHELMSFORD2
£1,49504/240.13 miWicks Place, CHELMSFORD2
£1,56512/240.13 miWicks Place, Chelmsford City Centre2
£1,69512/240.13 miWicks Place, Chelmsford City Centre2
£1,30003/250.14 mi-2
£2,75003/250.14 mi-2
£1,30003/250.15 mi-2
£1,50003/240.15 miKings Tower, Chelmsford2
£1,45005/240.15 miMarconi Plaza, Chelmsford2
£1,55002/240.15 mi-2
£1,55004/240.16 miMarconi Road, Chelmsford2
£1,40004/240.16 miVictoria Crescent, Chelmsford2
£1,40004/240.16 miVictoria Crescent, Chelmsford2
£1,40004/240.16 miVictoria Crescent, CITY CENTRE, Chelmsford, CM1 1QF2
£1,25004/240.19 mi-2
£1,25004/240.19 miSouth Primrose Hill, Chelmsford, CM12
£1,60003/240.19 miBurgess Springs, CHELMSFORD2
£1,56504/240.19 miMiddleditch Court, Burgess Springs, CHELMSFORD2
£1,60003/240.2 miBurgess Springs, Chelmsford, CM12
£1,62503/240.2 miBurgess Springs, Chelmsford, CM12
£1,60003/240.2 miBurgess Springs, Chelmsford, CM12
£1,57504/240.2 miBurgess Springs, Chelmsford, CM12
£1,52504/240.2 miBurgess Springs, Chelmsford, CM12
£1,60005/240.2 miBurgess Springs, Chelmsford, CM12

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.06 miles away

Nearest school

0.10 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £190,000

February 26, 2025

Floor Plans

Description

  • Two bedroom spacious first floor apartment with secure intercom entry +
  • Located close to City Centre and railway station +
  • No onward chain +
  • Well presented throughout +
  • First floor +
  • Lovely size lounge, two bedrooms, kitchen and three piece bathroom +
  • East and West facing balcony seating areas +
  • Ideal first time purchase or investment opportunity +
  • Approximate 100 year lease remaining +

Located on Broomfield Road in the vibrant city of Chelmsford, this charming two-bedroom first-floor apartment presents an excellent opportunity for first-time buyers or investors. The property boasts a secure intercom entry system, ensuring peace of mind and convenience for residents.

Upon entering, you are welcomed into a spacious entrance hall that leads to a lovely-sized lounge, perfect for relaxation or entertaining guests. The well-maintained kitchen is functional and inviting, making meal preparation a delight. The apartment features two comfortable bedrooms. The three-piece bathroom is thoughtfully designed, catering to all your daily needs.

One of the standout features of this property is the access to both East and West-facing balcony seating areas. This outdoor space offers a perfect retreat for enjoying morning coffee or unwinding in the evening sun.

With no onward chain, this apartment is ready for you to move in and make it your own. Its prime location in Chelmsford ensures easy access to local amenities, transport links, and the vibrant community that the city has to offer. This property is a rare find, combining comfort, style, and practicality in one appealing package. Don’t miss the chance to view this delightful flat and envision your new life in Chelmsford.

Enter the building via secure intercom entry.
Spacious entrance hall gives access to all rooms.
Bathroom comprises white panel bath fitted with shower/mixer tap and glass splash screen door. Wash hand basin and WC. Part tiling to walls. Obscure double glazed window.
Bedroom one 13'1 x 8'5 double glazed windows. Access to balcony
Bedroom two 13'1 x '5 double glazed windows. Access to balcony.

Kitchen 9'5 x 8'8 double glazed windows. Units with matching storage drawers. Work surfaces housing sink drainer. Tiling to splash backs. Gas hob, oven and extractor hood to remain. Space for other appliances.
Large lounge 20'9 x 20'9 access is given to balcony. Wooden style flooring. Smooth ceiling, spot lighting.

Further Details:
Approximate length of lease: 100 years
Ground Rent: Paid 6 monthly £100.00
Service Charge: Paid 6 monthly £2,500
Council Tax Band: D
Local Authority: Chelmsford

Disclaimer: Lease details, service charges, ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. All verification of property details should be made by your legal representative for the purchase of the property to ensure that all information including but not limited to; Tenure, lease information, parking facilities, planning permission and building regulations is accurate and correct.

The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as guide to prospective buyers only and are not precise.

Floorplans where included may not be to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.

Chelmsford is the perfect place for anyone who wants the best of both worlds. Hop on a train for 35 minutes and you're in Stratford or an extra 10 minutes and you're in Liverpool Street.
Visit the Historic Chelmsford Cathedral or have some quiet time in Central Park. Maybe enjoy an evening at any one of the fabulous restaurants and shops or grab some popcorn and watch a film.
Chelmsford is an ideal location for growing families, commuters, and the young at hea

Agent Details

Colubrid, Chelmsford

01245 945929

Next Steps?

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