2 Bed Flat, Single Let, Chelmsford, CM1 4DD, £250,000

Courtlands, Patching Hall Lane, CM1 4DD - 2 views - a month ago

BTL
ROI: 2%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£130K - £265K
Sold Prices/m²£2.4K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£249,335

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£1,050 - £4,650

Rent Estimate

£1,144

Running Costs/mo

£1,030

Cashflow/mo

£114

Cashflow/yr

£1,367

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £130K to £265K, average is £202.5K. £2.4K/m² to £4.6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£250K02/231.56 mi43a, Main Road, Broomfield, Chelmsford, Essex CM1 7BU2
£219K06/211.56 mi43, Main Road, Broomfield, Chelmsford, Essex CM1 7BU2
£250K12/221.57 mi12, Cumberland Crescent, Chelmsford, Essex CM1 4AJ2
£218K10/201.59 mi12, Cumberland Crescent, Chelmsford, Essex CM1 4AJ2
£200K03/211.61 mi18, Wavell Close, Springfield, Chelmsford, Essex CM1 6FQ2
£210K10/211.61 mi40, Wavell Close, Springfield, Chelmsford, Essex CM1 6FQ2
£197K05/211.65 mi131, Woodhall Road, Chelmsford, Essex CM1 4AF2
£265K08/211.82 mi34, Kelvedon Close, Chelmsford, Essex CM1 4DG2
£230K08/211.82 mi12, Kelvedon Close, Chelmsford, Essex CM1 4DG2
£260.5K12/201.82 mi40, Kelvedon Close, Chelmsford, Essex CM1 4DG2
£185K06/211.85 mi133, Crocus Way, Chelmsford, Essex CM1 6XH2
£130K10/201.85 mi135, Crocus Way, Chelmsford, Essex CM1 6XH2
£235K10/201.87 mi15, Forefield Green, Chelmsford, Essex CM1 6YU2
£153K05/211.92 mi15, Clematis Tye, Chelmsford, Essex CM1 6GL2
£173K04/211.92 mi11, Clematis Tye, Chelmsford, Essex CM1 6GL2
£170K02/211.92 mi24, Clematis Tye, Chelmsford, Essex CM1 6GL2
£205K05/211.97 mi9, Blackwater Close, Chelmsford, Essex CM1 7QJ2
£205K04/211.98 mi181, Waveney Drive, Chelmsford, Essex CM1 7QD2
£215K06/232 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£212.5K04/212 mi73, Tamar Rise, Chelmsford, Essex CM1 7QL2
£195K03/232 mi63, Tamar Rise, Chelmsford, Essex CM1 7QL2
£225K02/232.02 mi50, Wickham Crescent, Chelmsford, Essex CM1 4WD2
£192.5K03/212.02 mi62, Wickham Crescent, Chelmsford, Essex CM1 4WD2
£202K11/202.03 mi19, Tamar Rise, Chelmsford, Essex CM1 7QL2
£225K12/222.03 mi45, Waveney Drive, Chelmsford, Essex CM1 7PZ2
£230K03/232.06 mi2, Tees Road, Chelmsford, Essex CM1 7QH2
£230K07/232.06 mi8, Tees Road, Chelmsford, Essex CM1 7QH2
£175K03/212.26 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£180K03/232.26 mi114, Lupin Drive, Chelmsford, Essex CM1 6FJ2
£185K07/232.26 mi34, Lupin Drive, Chelmsford, Essex CM1 6FH2
£248K11/212.27 mi81, Burnell Gate, Chelmsford, Essex CM1 6ED2
£259K02/212.27 mi47, Burnell Gate, Chelmsford, Essex CM1 6ED2
£250K02/232.27 mi85, Burnell Gate, Chelmsford, Essex CM1 6ED2
£167K04/212.33 mi48, Petunia Crescent, Chelmsford, Essex CM1 6YP2
£205.7K05/232.34 mi9, Canvey Walk, Chelmsford, Essex CM1 6LB2
£189.5K11/212.34 mi33, Canvey Walk, Chelmsford, Essex CM1 6LB2
£210K12/222.35 mi49, Canvey Walk, Chelmsford, Essex CM1 6LB2
£203K08/232.36 mi29, Azalea Court, Chelmsford, Essex CM1 6YL2
£177K06/212.39 mi29, Bodmin Road, Chelmsford, Essex CM1 6LJ2
£200K10/202.41 mi3, Canberra Close, Chelmsford, Essex CM1 2EF2
£198K04/212.41 mi10, Chiltern Close, Chelmsford, Essex CM1 2GJ2
£200K05/232.41 mi11, Chiltern Close, Chelmsford, Essex CM1 2GJ2
£200K09/212.42 mi85, Melbourne Avenue, Chelmsford, Essex CM1 2DR2
£150K06/212.44 mi139, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£186K02/232.44 mi65, Cornflower Drive, Chelmsford, Essex CM1 6XZ2
£181K07/232.45 mi84, Foxglove Way, Chelmsford, Essex CM1 6QR2
£215K01/232.47 mi20, Murchison Close, Chelmsford, Essex CM1 2ER2
£245K10/202.59 mi11, Oasis Court, Chelmsford, Essex CM2 6JU2
£172K11/202.62 mi168, Kings Road, Chelmsford, Essex CM1 2BE2
£180K05/232.65 mi131, Kings Road, Chelmsford, Essex CM1 2BD2

Local Rents

49 rents from £1.1K/mo to £4.7K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,85002/250 mi-3
£1,60012/240.07 miBlasford Hill, Little Waltham3
£3,00002/240.13 mi-5
£2,25003/240.31 miPetty Croft, Chelmsford, CM14
£2,20004/240.33 miLittle Dumplings, Broomfield, Chelmsford, CM14
£2,20004/240.33 miLittle Dumplings, Broomfield, Chelmsford, CM14
£1,80002/240.36 mi-2
£1,38012/230.37 mi-2
£1,35002/250.37 mi-2
£2,20005/240.42 miAyletts, Broomfield, Chelmsford, CM14
£1,75004/240.47 mi-3
£1,70003/240.47 miBroomfield, Essex, CM13
£1,75004/240.47 miBroomfield, Essex, CM13
£1,75005/240.47 miBroomfield, Essex, CM13
£1,50004/250.51 mi-2
£1,05002/240.51 mi-1
£1,40003/240.51 miCourt Road, Broomfield, CM12
£1,20005/240.56 mi-2
£1,35004/250.56 mi-2
£1,75003/250.68 mi-3
£1,89004/240.73 miJubilee Avenue, Broomfield, Chelmsford, Essex, CM14
£1,35009/240.87 miSouthchurch Road, Southend-On-Sea2
£1,35004/250.91 mi-2
£1,80004/241.01 miWillow Close, Broomfield, Chelmsford, CM14
£1,25011/241.01 mi-3
£2,35001/241.12 mi-3
£2,35012/241.12 miRoyal Birkdale Gardens, Little Waltham, CHELMSFORD3
£1,95004/241.14 miLongshots Close, Broomfield, Chelmsford4
£4,65002/251.2 mi-3
£2,05012/241.21 mi-3
£2,35012/241.27 miBelfry Crescent, Little Waltham3
£1,30003/241.27 miBen Wilson Link, Beaulieu Park, Chelmsford, CM11
£1,75005/241.44 miBaker Road, Beaulieu Park, CM12
£2,60004/241.46 miAshford Place, Broomfield, CM14
£2,20004/241.47 miBaker Road, Springfield, CM13
£2,15003/241.48 miHarold Teager Crescent, CM13
£1,80002/241.5 mi-3
£1,40004/251.51 mi-1
£2,30001/251.51 mi-3
£2,15004/241.51 miSamuel Parish Link, Springfield, Chelmsford, Essex, CM13
£2,60003/241.51 miSamuel Parish Link, Springfield, CHELMSFORD4
£1,85002/241.52 mi-3
£3,00003/241.53 miRobinson Gate, Beaulieu Park, Chelmsford, CM14
£1,40004/241.53 miVellacotts, Chelmsford, CM12
£2,20003/241.54 miChoat Place, Chelmsford3
£1,30004/241.55 miPhilip Whitehead Road, Beaulieu Park, Chelmsford, CM11
£1,85004/241.57 miHarold Teager Crescent, Beaulieu Park3
£1,20003/241.58 miCoombe Rise, Broomfield2
£1,70004/241.62 miBeaulieu Park2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

2.93 miles away

Nearest school

0.50 miles away

Nearest train station

2.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £250,000

March 11, 2025

Floor Plans

Description

  • Two bedrooms +
  • Second floor apartment +
  • Spacious lounge +
  • Resident parking and garage +
  • Situated within close proximity of Chelmsford city centre +
  • Ideal first-time buyers or investors +

This second floor apartment, with large windows that flood the rooms with natural light, boasts a spacious lounge, a well-appointed kitchen, two good size bedrooms, a bathroom and a separate WC. Residents can enjoy the convenience of resident parking and a garage for secure storage.

Courtlands is situated in a desirable location, offering easy access to local amenities, transport links, and green spaces. This property is ideal for first-time buyers or investors. Don't miss out on the chance to make this apartment your own. Contact us today to arrange a viewing.

Agent Details

Beresfords, Chelmsford

01245 945593

Next Steps?

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