3 Bed Flat, Single Let, Halstead, CO9 1BE, £180,000

Tweed Close, Halstead, Essex, CO9 1BE - 2 views - 2 months ago

Leasehold
BTL
ROI: 8%
~93 m²
+6 photos

Valuation

Sold Prices£187.6K - £267K

 

 

Square Metres

~93 m²

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,950

Total Cash In

£55,950

 

 

Cash Out

 

Rent Range

£995 - £3,200

Rent Estimate

£1,300

Running Costs/mo

£843

Cashflow/mo

£458

Cashflow/yr

£5,490

ROI

10%

Gross Yield

9%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£187.6K05/220.05 mi73a, White Horse Avenue, Halstead, Essex CO9 1AN3
£267K03/210.74 miFlat 3, Congregation House, Parsonage Street, Halstead, Essex CO9 2JW3

Local Rents

14 rents from £995/mo to £3.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£99512/240.05 miWhite Horse Avenue, Halstead, Essex, CO93
£1,65004/250.32 mi-3
£1,49509/240.61 mi-3
£1,30012/240.74 mi-3
£1,80003/250.75 mi-3
£1,90009/240.75 mi-3
£1,90001/250.75 mi-3
£1,90012/240.75 mi-3
£1,30012/240.77 mi-3
£1,80010/240.77 mi-3
£1,80002/250.77 mi-3
£1,80003/250.77 mi-3
£3,20012/240.91 mi-3
£1,99512/241.13 miChurch Road, Greenstead Green3

Local Area Statistics

Population in CO9

25,162

Town centre distance

0.63 miles away

Nearest school

0.60 miles away

Nearest train station

5.19 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 £180,000

April 5, 2025

Listed for £195,000

March 3, 2025

Floor Plans

Description

  • Ground Floor +
  • Allocated Parking +
  • Communal Garden +
  • Three Bedrooms +
  • No Onward Chain +
  • Large Apartment +

Nestled on the outskirts of the delightful market town of Halstead, you'll find this generously proportioned ground-floor apartment, presenting an outstanding location. The property encompasses three bedrooms and highlights a range of appealing features. Step through the entrance to uncover a hallway, kitchen, spacious living and dining area, three double bedrooms, and a bathroom with a separate W.C.

Impressive features of this property comprise ample storage spaces, UPVC double glazing, gas central heating and access to communal gardens. Situated conveniently along a bus route, the property benefits from a nearby bus stop, just a minute's stroll away.

Outside, the apartment offers a private area, a built-in storage unit, communal gardens, and parking facilities. With an advantageous 89 year lease, a minimal ground rent of only £10 per year, and an annual service charge of approximately £720 (inclusive of building insurance), this property proves to be exceptionally cost-effective for maintenance, making it an attractive investment opportunity.

Halstead is a charming traditional market town, situated roughly 7 miles north of Braintree. The town boasts a wide array of shops, dining establishments, cafes, and scenic walking routes. With a population of over 11,000, Halstead has seen steady growth and offers highly regarded schools, as well as local healthcare facilities, including a hospital and medical center.

Agent Details

Leaders Sales, Halstead

01787 322229

Next Steps?

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