2 Bed Flat, Single Let, Chelmsford, CM1 2WW, £320,000

Cedar Avenue, Chelmsford, CM1 2WW - a month ago

Leasehold
BTL
~68 m²
+12 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£4.7K/m²

Value Estimate

£268,423

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£100,700

 

 

Cash Out

 

Rent Range

£1,100 - £2,800

Rent Estimate

£1,241

Running Costs/mo

£1,268

Cashflow/mo

£-27

Cashflow/yr

£-326

Gross Yield

5%

Local Sold Prices

50 sold prices from £80.8K to £385K, average is £228.5K. £3.1K/m² to £5.5K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£205.5K09/210.05 miFlat 27, Spalding Court, Cedar Avenue, Chelmsford, Essex CM1 2UZ2
£253K02/210.13 mi42, Railway Street, Chelmsford, Essex CM1 1QS2
£220K12/220.13 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.17 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£85K06/210.22 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2
£218K03/210.25 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£212K11/200.27 mi73, Goodier Road, Chelmsford, Essex CM1 2GG2
£232.5K06/210.27 mi18, Goodier Road, Chelmsford, Essex CM1 2GG2
£233K12/210.27 mi41, Goodier Road, Chelmsford, Essex CM1 2GG2
£220K02/210.27 mi24, Goodier Road, Chelmsford, Essex CM1 2GG2
£248K04/230.27 mi20, Goodier Road, Chelmsford, Essex CM1 2GG2
£282.5K11/210.27 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£285K04/210.37 mi102, Watson Heights, Chelmsford, Essex CM1 1AF2
£310K05/230.45 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.45 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.45 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£180K05/230.5 mi131, Kings Road, Chelmsford, Essex CM1 2BD2
£325K01/230.51 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£280K09/210.53 mi3, County Place, Chelmsford, Essex CM2 0RF2
£172K11/200.54 mi168, Kings Road, Chelmsford, Essex CM1 2BE2
£275K03/210.54 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£385K06/230.55 mi89, Bond Street, Chelmsford, Essex CM1 1GD2
£232K05/210.58 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.58 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.58 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£215K01/230.59 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£223K11/210.6 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£307.5K07/230.66 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£215K04/210.69 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.69 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£260K01/210.7 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£207.5K05/230.7 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£160K12/200.71 miFlat 201, Balmoral Court, Springfield Road, Chelmsford, Essex CM2 6JQ2
£140K07/210.74 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£195K03/210.74 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.74 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£254K11/210.75 mi42, Wharf Road, Chelmsford, Essex CM2 6LU2
£225K10/210.77 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.77 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£260K02/230.77 mi18, Coates Quay, Chelmsford, Essex CM2 6HU2
£242.5K11/210.77 mi4, Coates Quay, Chelmsford, Essex CM2 6HU2
£240K10/210.77 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£184K12/200.78 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£270K11/200.79 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£250K07/230.79 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£225K10/210.8 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.8 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.8 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£320K06/230.8 mi85, Wharf Road, Chelmsford, Essex CM2 6FS2
£205K01/230.82 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2

Local Rents

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

RentDateDistanceAddressBeds 
£1,50004/240.04 miRainsford Road, CHELMSFORD2
£1,45003/240.04 miRainsford Road, Chelmsford2
£1,52503/240.04 miRainsford Road, Chelmsford2
£1,45004/240.04 miRainsford Road, Chelmsford2
£1,35005/240.04 miCedar Avenue West, Chelmsford2
£1,35004/240.06 miWest One, 7-13 Rainsford Road, Chelmsford2
£1,29504/240.07 miLesley Court, Rainsford Road, Chelmsford2
£1,10004/240.1 miKing Edward Court, Cedar Avenue West, CM12
£2,80005/240.11 mi-2
£1,55004/250.11 mi-2
£2,80002/250.11 mi-2
£2,80001/250.11 mi-2
£2,80001/250.11 mi-2
£1,62504/240.11 miWicks Place, CHELMSFORD2
£1,49504/240.11 miWicks Place, CHELMSFORD2
£1,56512/240.11 miWicks Place, Chelmsford City Centre2
£1,69512/240.11 miWicks Place, Chelmsford City Centre2
£1,25003/240.12 miBecketts Court, Chelmsford2
£1,25003/240.12 miBroomfield Road, Chelmsford Essex, CM1 1SW2
£1,35004/240.12 miBroomfield Road, Chelmsford2
£1,70011/230.13 miRailway Street, Chelmsford2
£1,25004/240.13 mi-2
£1,25004/240.13 miSouth Primrose Hill, Chelmsford, CM12
£1,30004/250.13 mi-2
£2,35004/250.14 mi-2
£1,50005/240.14 miWells Crescent, Chelmsford2
£1,30004/240.14 miSteamer Terrace, Chelmsford2
£1,48004/240.15 miGlebe Road, CHELMSFORD2
£1,22504/240.15 miBroomfield Road, Chelmsford2
£1,20004/240.16 mi-2
£1,45003/240.16 miKings Tower, Chelmsford2
£1,50004/240.16 miKings Tower, City Centre2
£1,50005/240.16 miWells Crescent, Town Centre2
£1,49504/240.17 miDuke Street, Chelmsford2
£1,49504/240.17 miDuke Street, Chelmsford, Essex, CM12
£1,55002/240.17 mi-2
£1,30003/250.17 mi-2
£1,29504/240.18 miTownfield Street, City Centre2
£1,50003/240.18 miKings Tower, Chelmsford2
£1,45005/240.18 miMarconi Plaza, Chelmsford2
£1,49504/240.18 miPrimrose Hill, CM12
£1,30001/240.18 mi-2
£1,55001/250.19 mi-2
£1,49001/250.19 mi-2
£1,49502/250.19 mi-2
£1,40003/250.19 mi-2
£1,40004/240.2 miVictoria Crescent, Chelmsford2
£1,40004/240.2 miVictoria Crescent, Chelmsford2
£1,40004/240.2 miVictoria Crescent, CITY CENTRE, Chelmsford, CM1 1QF2
£1,40004/240.2 miSouth Primrose Hill, Chelmsford2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.05 miles away

Nearest school

0.10 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £320,000

March 19, 2025

Floor Plans

Description

  • First Floor City Centre Apartment +
  • Well Presented & Spacious +
  • Two Double Bedrooms With En Suite to Master +
  • Allocated Parking +
  • No onward chain +

SUMMARY
Within a short walk to the mainline station and city centre is this wonderfully presented and spacious TWO DOUBLE BEDROOM apartment with TWO BALCONIES, en suite to the master bedroom and allocated parking. The property is offered with no onward chain and internal viewing is advised.

DESCRIPTION
Chelmsford city centre offers a thriving nightlife with a selection of bars and a wide selection of places to eat from independent family restaurants to well known chain restaurants serving cuisines from around the world. Chelmsford features a comprehensive range of shopping facilities with its pedestrianised High Street, two shopping precincts and hugely popular Bond Street with John Lewis store. Chelmsford is extremely popular with leisure enthusiasts with a selection of sports clubs at the local Chelmer Park. A selection of gyms including the newly refurbished Riverside Ice & Leisure, there are a selection of golf clubs within the area and the nearby Hylands Park estate and Galleywood Common provide pleasant walks and open spaces.

Chelmsford is renowned for its educational excellence and alongside the local schools situated within close proximity, it offers two of the country's top performing grammar schools, Writtle agricultural college and Anglian Ruskin University. Chelmsford's mainline station provides a direct service to London Liverpool St with a journey time as fast as 35 minutes, the property is also conveniently located within 2 miles of the A12 and A414 which provide access to the M25 and M11.

Entrance Hall 13' 8" x 4' ( 4.17m x 1.22m )

Lounge 14' 3" x 13' 2" ( 4.34m x 4.01m )

Kitchen 10' 10" x 6' 10" ( 3.30m x 2.08m )

Bedroom One 15' 2" x 10' 8" ( 4.62m x 3.25m )

En Suite 

Bedroom Two 12' 11" x 10' 11" ( 3.94m x 3.33m )

Bathroom 6' 9" x 6' 4" ( 2.06m x 1.93m )

Allocated Parking / Bike Shed 

Agents Note: 
Lease: 125 years from 29 September 2013
Lease being extended to 999 years with a share of Freehold.
Ground Rent: Nil as share of the freehold
Current Service Charge: £1775 pa

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Chelmsford

01245 945123

Next Steps?

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