3 Bed Terraced House, Single Let, Chelmsford, CM2 8EW, £260,000

Noakes Avenue, Great Baddow, Chelmsford, CM2 8EW - 2 views - 19 days ago

Auction
BTL
ROI: 6%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£230K - £750K
Sold Prices/m²£2.6K/m² - £7.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£319,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£14,700

Total Cash In

£79,700

 

 

Cash Out

 

Rent Range

£1,400 - £4,500

Rent Estimate

£1,500

Running Costs/mo

£1,133

Cashflow/mo

£368

Cashflow/yr

£4,410

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £230K to £750K, average is £380.5K. £2.6K/m² to £7.5K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£290K06/210 mi93, Noakes Avenue, Chelmsford, Essex CM2 8EW3
£325K05/210.04 mi70, Noakes Avenue, Chelmsford, Essex CM2 8EW3
£322.5K05/230.09 mi152, Noakes Avenue, Chelmsford, Essex CM2 8EP3
£325K03/210.1 mi156, Galleywood Road, Great Baddow, Chelmsford, Essex CM2 8DP3
£350K12/200.15 mi146, Galleywood Road, Great Baddow, Chelmsford, Essex CM2 8DP3
£420K02/230.16 mi2, Elm Close, Great Baddow, Chelmsford, Essex CM2 8DX3
£325K02/210.16 mi295, Dorset Avenue, Chelmsford, Essex CM2 8HB3
£360K07/230.16 mi277, Dorset Avenue, Chelmsford, Essex CM2 8HB3
£502.5K01/210.17 mi72, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£292.5K03/230.2 mi214, Dorset Avenue, Chelmsford, Essex CM2 8YZ3
£550K02/230.21 mi82, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£492K02/210.21 mi84, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£320K08/210.22 mi374, Dorset Avenue, Chelmsford, Essex CM2 8HD3
£290K02/210.22 mi378, Dorset Avenue, Chelmsford, Essex CM2 8HD3
£345K01/230.22 mi314, Dorset Avenue, Chelmsford, Essex CM2 8HD3
£290K08/210.22 mi170, Galleywood Road, Great Baddow, Chelmsford, Essex CM2 8YT3
£357K12/220.22 mi150, Galleywood Road, Great Baddow, Chelmsford, Essex CM2 8DP3
£293K12/200.24 mi5, Gardeners, Chelmsford, Essex CM2 8YU3
£340K02/210.24 mi55, Gardeners, Chelmsford, Essex CM2 8YU3
£387.5K03/210.29 mi9, Ashmeads, Chelmsford, Essex CM2 9FJ3
£230K02/210.3 mi39, Dorset Avenue, Chelmsford, Essex CM2 9UA3
£425K06/210.32 mi3, Greenland Gardens, Great Baddow, Chelmsford, Essex CM2 8ZF3
£480K01/210.36 mi8, Dorset Avenue, Chelmsford, Essex CM2 9TZ3
£430K02/230.39 mi19, The Dell, Great Baddow, Chelmsford, Essex CM2 7JY3
£360K12/200.39 mi21, The Dell, Great Baddow, Chelmsford, Essex CM2 7JY3
£750K11/210.4 mi26, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£550K08/210.4 mi45, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£525K11/200.41 mi70, Vicarage Lane, Great Baddow, Chelmsford, Essex CM2 8HY3
£442.5K03/210.41 mi48, Beehive Lane, Chelmsford, Essex CM2 9RP3
£376K12/200.43 mi18, Heycroft Way, Chelmsford, Essex CM2 8JG3
£376K12/200.43 mi18, Heycroft Way, Chelmsford, Essex CM2 8JG3
£385K03/230.44 mi23, Park View Crescent, Great Baddow, Chelmsford, Essex CM2 8HX3
£705K12/220.45 mi213, Beehive Lane, Chelmsford, Essex CM2 9SH3
£375K07/230.46 mi27, Sawkins Gardens, Chelmsford, Essex CM2 9SD3
£450K03/230.46 mi36, Beehive Lane, Chelmsford, Essex CM2 9TJ3
£475K05/210.46 miDuckingstool Cottage, Bell Street, Great Baddow, Chelmsford, Essex CM2 7JR3
£715K04/210.46 mi11, Bell Street, Great Baddow, Chelmsford, Essex CM2 7JR3
£495K12/220.47 mi18, Chelmerton Avenue, Chelmsford, Essex CM2 9RE3
£500K11/200.48 mi253, Beehive Lane, Chelmsford, Essex CM2 9SJ3
£330K03/210.48 mi19, Johnson Road, Chelmsford, Essex CM2 7JL3
£412K12/200.48 mi30, Johnson Road, Chelmsford, Essex CM2 7JL3
£400K02/230.49 mi15, Canford Close, Chelmsford, Essex CM2 9RG3
£405K05/230.5 mi8, Colley Road, Chelmsford, Essex CM2 7JQ3
£312.5K02/210.5 mi24, Loftin Way, Chelmsford, Essex CM2 9TN3
£300K01/210.55 mi38, Loftin Way, Chelmsford, Essex CM2 9TW3
£390K04/210.56 mi2, Baddow Place Avenue, Chelmsford, Essex CM2 7JN3
£375K07/230.57 mi62, Lucas Avenue, Chelmsford, Essex CM2 9JN3
£357K05/230.57 mi54, Lucas Avenue, Chelmsford, Essex CM2 9JN3
£490K07/230.57 mi15, Orchard Close, Chelmsford, Essex CM2 9SL3
£390K04/230.59 mi33, Harberd Tye, Chelmsford, Essex CM2 9GH3

Local Rents

49 rents from £1.4K/mo to £4.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,79505/240 miNoakes Avenue, CHELMSFORD3
£1,69510/230.09 miNoakes Avenue, Chelmsford, Essex, CM23
£1,80011/240.27 mi-3
£1,55004/240.3 miDorset Avenue, CHELMSFORD3
£1,89505/240.32 miGreenland Gardens, Great Baddow, CM23
£1,65004/240.41 mi-3
£2,30002/240.46 mi-3
£2,10001/250.5 mi-3
£1,80002/250.52 mi-3
£1,55003/240.63 miGerard Gardens, Great Baddow3
£1,79504/240.67 miWhitethorn Gardens, Chelmsford, Essex, CM23
£1,65004/250.68 mi-3
£1,65004/240.71 miCypress Drive, Chelmsford, Essex, CM23
£1,52502/240.72 mi-3
£1,89504/240.72 miGoodwin Close, CHELMSFORD3
£1,55001/250.74 mi-3
£1,55012/240.8 miMeadgate Avenue, Chelmsford3
£1,69504/240.8 miRose Glen, Chelmsford, Essex, CM23
£1,65005/240.81 miWaltham Glen, Chelmsford, Essex, CM2 9EL3
£1,70003/250.87 mi-3
£1,50004/240.9 miStuart Close, CM23
£1,70003/240.93 miGilmore Place, Great Baddow3
£1,85004/250.94 mi-3
£1,52503/240.94 miLinnet Drive, Chelmsford3
£1,70001/250.95 mi-3
£1,50003/240.96 miLinnet Drive, Tile Kiln, Chelmsford, CM2 8AL3
£1,50010/230.97 miPlane Tree Close, Chelmsford, Essex, CM23
£1,55002/240.98 mi-3
£1,57505/240.98 mi-3
£1,40004/241 miCannon Leys3
£1,80003/251.07 mi-3
£1,75004/241.08 miSt Johns Road, Chelmsford, CM23
£1,80005/241.08 mi-3
£1,55002/241.12 mi-3
£1,50004/241.13 miBarnard Road, Chelmsford3
£1,80004/251.15 mi-3
£1,89703/241.15 miWharf Road, Chelmsford, Essex, CM23
£1,88204/241.15 miWharf Road, Chelmsford, Essex, CM23
£2,12003/241.15 miWharf Road, One Canalside, Chelmsford, CM23
£2,22004/241.15 miWharf Road, Chelmsford, Essex, CM23
£4,50002/241.16 mi-3
£4,50003/241.16 mi-3
£4,50004/251.16 mi-3
£1,55004/241.16 miKeene Way, CM23
£1,75001/251.2 mi-3
£1,75002/251.2 mi-3
£1,75003/241.21 miBouverie Road, Chelmsford, CM23
£1,69503/241.21 miManor Road, Old Moulsham3
£1,75005/241.21 miBouverie Road, Chelmsford, CM23

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

2.05 miles away

Nearest school

0.10 miles away

Nearest train station

1.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £260,000

March 20, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Three bedrooms +
  • Driveway +
  • NO ONWARD CHAIN +
  • Spacious Living Space +
  • Downstairs W/C +

SUMMARY
MODERN AUCTION -AUCTION PACK AVAILABLE! Situated in the highly desired area of 'Great Baddow' is this three bedroom property. Being offered with NO ONWARD CHAIN and benefiting from a driveway for multiple cars, south facing rear garden and downstairs w/c alongside spacious living space.

DESCRIPTION
Great Baddow is a popular area with homebuyers and offers primary, secondary schools and local shops as well as regular bus services to the city centre. Schools in the area include Baddow Hall Infants, Great Baddow High & Sandon Secondary Schools. Nearby there is also Sandon Park & Ride station and Vineyards Shopping centre.

The 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. There is also many leisure facilities including Riverside Ice Rink and leisure centre.

Chelmsford's mainline station provides a direct service to London Liverpool St with a journey time as fast as 28 minutes, the property is also conveniently located within close distance to the A12 and A414 which provide access to the M25 and M11.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Mid-Terraced House 

Entrance Hall 

Cloakroom 

Lounge 16' 6" x 14' 11" ( 5.03m x 4.55m )

Kitchen 11' 4" x 10' 4" ( 3.45m x 3.15m )

First Floor 

Landing 

Bedroom One 13' 2" x 10' 4" ( 4.01m x 3.15m )

Bedroom Two 11' 10" x 10' 4" ( 3.61m x 3.15m )

Bedroom Three 7' 11" x 7' 4" ( 2.41m x 2.24m )

Bathroom 7' 8" x 5' 10" ( 2.34m x 1.78m )

Exterior 

Rear Garden 

Driveway 

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 South

01245 945288

Next Steps?

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