2 Bed Flat, BMV, Brentwood, CM15 8JD, £185,000

71A Hutton Road, Shenfield, Brentwood, Essex, CM15 8JD - 2 views - a month ago

Leasehold

Auction

BTL

ROI: 10%

53 m²

+2 photos

ValuationUndervalued

Sold Prices	£212.5K - £1.1M
Sold Prices/m²	£3.7K/m² - £9.7K/m²

Square Metres	53 m²
Price/m²	£3.5K/m²
Value Estimate	£222,000£222,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£46,250£46,250
Stamp Duty & Legal Fees	£11,650£11,650
Total Cash In	£57,900£57,900

Cash Out
Rent Range	£1,100 - £2,500£1,100 - £2,500
Rent Estimate	£1,375
Running Costs/mo	£873£873
Cashflow/mo	£502£502
Cashflow/yr	£6,023£6,023
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

29 sold prices from £212.5K to £1.1M, average is £295K. £3.7K/m² to £9.7K/m², average is £5.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£270K	03/23	0.02 mi	79a, Hutton Road, Shenfield, Brentwood, Essex CM15 8JD	£4,054	67	2	Flat
£212.5K	06/23	0.02 mi	83a, Hutton Road, Shenfield, Brentwood, Essex CM15 8JD	£3,664	58	2	Flat
£750K	06/21	0.11 mi	2, Margaret Avenue, Shenfield, Brentwood, Essex CM15 8RF	£9,740	77	2	Flat
£335K	07/23	0.11 mi	19, Hunter Avenue, Shenfield, Brentwood, Essex CM15 8PE	-	-	2	Flat
£825K	03/23	0.12 mi	Flat 14, Clune Court, Hutton Road, Shenfield, Brentwood, Essex CM15 8NQ	-	-	2	Flat
£395K	10/22	0.17 mi	Flat 6, Mistleigh Court, Shorter Avenue, Shenfield, Brentwood, Essex CM15 8RA	-	-	2	Flat
£830K	11/20	0.18 mi	32, Herington Grove, Hutton, Brentwood, Essex CM13 2NW	£8,300	100	2	Flat
£318K	05/23	0.22 mi	Flat 18, Ardleigh Court, Hutton Road, Shenfield, Brentwood, Essex CM15 8LZ	-	-	2	Flat
£281.5K	01/21	0.24 mi	Flat 49, Ardleigh Court, Hutton Road, Shenfield, Brentwood, Essex CM15 8NA	-	-	2	Flat
£1.1M	12/20	0.26 mi	278, Priests Lane, Shenfield, Brentwood, Essex CM15 8LD	£7,667	150	2	Flat
£266K	12/22	0.26 mi	Flat 1, Sheldon Court, Rayleigh Road, Hutton, Brentwood, Essex CM13 1AF	-	-	2	Flat
£350K	04/21	0.26 mi	Flat 4, Maple House, Chelmsford Road, Shenfield, Brentwood, Essex CM15 8RQ	-	-	2	Flat
£295K	04/21	0.29 mi	3b, Hutton Road, Shenfield, Brentwood, Essex CM15 8LA	£5,566	53	2	Flat
£310K	10/22	0.29 mi	26a, Gordon Road, Shenfield, Brentwood, Essex CM15 8LR	£4,627	67	2	Flat
£294.5K	11/21	0.34 mi	14, Alexander Lane, Hutton, Brentwood, Essex CM13 1AG	£5,557	53	2	Flat
£294.5K	11/21	0.34 mi	14, Alexander Lane, Hutton, Brentwood, Essex CM13 1AG	£5,557	53	2	Flat
£294.5K	11/21	0.34 mi	14, Alexander Lane, Hutton, Brentwood, Essex CM13 1AG	£5,557	53	2	Flat
£315K	02/21	0.34 mi	7, Tabors Court, Shenfield, Brentwood, Essex CM15 8JF	£4,922	64	2	Flat
£360K	11/22	0.53 mi	Flat 20, Booths Court, Poplar Drive, Hutton, Brentwood, Essex CM13 1YY	-	-	2	Flat
£360K	06/23	0.53 mi	Flat 5, Booths Court, Poplar Drive, Hutton, Brentwood, Essex CM13 1YY	£4,932	73	2	Flat
£360K	04/23	0.53 mi	Flat 14, Booths Court, Poplar Drive, Hutton, Brentwood, Essex CM13 1YY	-	-	2	Flat
£365K	09/22	0.6 mi	48, Princes Way, Hutton, Brentwood, Essex CM13 2JW	£5,455	67	2	Flat
£295K	09/21	0.64 mi	Flat 18, Bradwell Court, Bradwell Green, Hutton, Brentwood, Essex CM13 1YR	-	-	2	Flat
£220K	10/21	0.9 mi	138, Whittington Road, Hutton, Brentwood, Essex CM13 1JZ	£3,929	56	2	Flat
£230K	02/21	0.93 mi	19, Colet Road, Hutton, Brentwood, Essex CM13 1LD	£3,966	58	2	Flat
£240K	08/21	0.95 mi	Flat 1, Trienna Court, Wendover Gardens, Brentwood, Essex CM13 2HD	-	-	2	Flat
£227K	07/21	0.98 mi	Flat 2, Warwick Court, Wendover Gardens, Brentwood, Essex CM13 2JB	-	-	2	Flat
£227K	07/21	0.98 mi	Flat 2, Warwick Court, Wendover Gardens, Brentwood, Essex CM13 2JB	-	-	2	Flat
£227K	07/21	0.98 mi	Flat 2, Warwick Court, Wendover Gardens, Brentwood, Essex CM13 2JB	-	-	2	Flat

Local Rents

25 rents from £1.1K/mo to £2.5K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	12/24	0.02 mi	Hutton Road, Shenfield, CM15	2	Flat
£1,650	12/24	0.04 mi	Hutton Road, Brentwood, Essex, CM15	2	Flat
£1,450	12/24	0.05 mi	Hutton Road, Shenfield, Brentwood, CM15	2	Flat
£1,450	12/24	0.05 mi	-	2	Flat
£1,400	02/24	0.08 mi	-	2	Flat
£1,400	12/24	0.08 mi	Shenfield, Shenfield, CM15	2	Flat
£1,100	03/25	0.08 mi	-	2	Flat
£1,530	04/25	0.1 mi	-	2	Flat
£1,600	12/24	0.12 mi	-	2	Flat
£1,395	12/24	0.22 mi	Hutton Road, Shenfield, Brentwood, Essex, CM15	2	Flat
£1,395	12/24	0.22 mi	Hutton Road, Brentwood, Essex, CM15	2	Flat
£1,395	12/24	0.22 mi	HUTTON ROAD, Shenfield, Brentwood, CM15	2	Flat
£2,500	12/24	0.24 mi	Chelmsford Road, Shenfield, Brentwood, CM15	2	Flat
£1,495	12/24	0.25 mi	Hutton Road, Shenfield, Brentwood	2	Flat
£1,750	12/24	0.25 mi	Chelmsford Road, Shenfield, Brentwood, Essex, CM15	2	Flat
£1,400	12/24	0.26 mi	Hutton Road, Brentwood, Essex, CM15	2	Flat
£2,500	12/24	0.26 mi	Chelmsford Road, Shenfield	2	Flat
£2,095	12/24	0.26 mi	Eagle & Child House, Shenfield	2	Flat
£1,400	12/24	0.26 mi	Chelmsford Road, Shenfield, CM15	2	Flat
£2,095	12/24	0.29 mi	Chelmsford Road, Shenfield, Brentwood	2	Flat
£1,495	12/24	0.34 mi	Tabors Court, Shenfield, Essex, CM15	2	Flat
£1,750	12/24	0.44 mi	Priests Lane, Shenfield	2	Flat
£1,550	12/24	0.44 mi	Priests Lane, Brentwood, Essex, CM15	2	Flat
£1,600	12/24	0.53 mi	Poplar Drive, Shenfield, Brentwood,CM13	2	Flat
£1,650	12/24	0.54 mi	Beech House, 67 Rayleigh Road, Hutton, CM13	2	Flat

Local Area Statistics

Population in CM15	23,27723,277
Population in Brentwood	67,43467,434
Town centre distance	0.69 miles away0.69 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.08 miles away0.08 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+29%+29%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £185,000

March 22, 2025

Floor Plans

Description

Leasehold +
Strictly by appointment with the Auctioneers +

FOR SALE BY PUBLIC AUCTION ON THURSDAY, 10TH APRIL 2025 AT 12.00PM. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

RESIDENTIAL INVESTMENT: A FIRST FLOOR TWO BEDROOM APARTMENT CLOSE TO SHENFIELD HIGH STREET AND RAILWAY STATION OFFERED WITH VACANT POSSESSION
A two bedroom first floor apartment located in Shenfield High Street close to Shenfield Railway Station(Elizabeth Line). The property will be sold with vacant possession with the current tenants due to vacate on the 24th June. The tenants have expressed an interest to remain at the property and enter into a new tenancy agreement.
Entrance Hallway
Lounge 14' 6 x 10' 8
Kitchen 9' 3 x 6' 2
Bedroom One 15' 4 x 9' 5
Bedroom Two 10' 7 x 9' 6
Bathroom
We have been advised that there is parking available at a nearby car park by way of a parking permit at the cost of £1300 PA.
The property is let on an Assured Tenancy Agreement at the rate of £1375 pcm. This is considered to be below market value.
A 189 year lease commencing 23rd June 1997 with 161 years remaining
There is a quarterly service charge of £186.91, For further details please consult the legal pack.
C

Agent Details

Dedman Gray Auctions, Essex

01702 311010

Next Steps?

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