2 Bed Flat, Single Let, Chelmsford, CM2 9BH, £199,000

Brooklands Walk, Chelmsford, CM2 9BH - 1 views - 14 days ago

Leasehold

BTL

ROI: 5%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£112.5K - £325K
Sold Prices/m²	£2K/m² - £5.5K/m²

Square Metres	~68.11 m²
Price/m²	£2.9K/m²
Value Estimate	£246,760£246,760
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£49,750£49,750
Stamp Duty & Legal Fees	£12,630£12,630
Total Cash In	£62,380£62,380

Cash Out
Rent Range	£1,075 - £1,800£1,075 - £1,800
Rent Estimate	£1,113
Running Costs/mo	£864£864
Cashflow/mo	£249£249
Cashflow/yr	£2,982£2,982
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £112.5K to £325K, average is £216.5K. £2K/m² to £5.5K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£183K	06/21	0 mi	13, Brooklands Walk, Chelmsford, Essex CM2 9BH	-	-	2	Flat
£183K	06/21	0.01 mi	13, Brooklands Walk, Chelmsford, Essex CM2 9BH	-	-	2	Flat
£204K	12/20	0.01 mi	52, Brooklands Walk, Chelmsford, Essex CM2 9BH	£4,340	47	2	Flat
£200K	05/23	0.12 mi	65, Redmayne Drive, Chelmsford, Essex CM2 9XG	£3,774	53	2	Flat
£112.5K	01/23	0.16 mi	214, Redmayne Drive, Chelmsford, Essex CM2 9XE	£1,974	57	2	Flat
£200K	03/21	0.16 mi	54, Redmayne Drive, Chelmsford, Essex CM2 9AG	£3,846	52	2	Flat
£227.5K	12/22	0.16 mi	162, Redmayne Drive, Chelmsford, Essex CM2 9XE	£4,375	52	2	Flat
£265K	01/21	0.22 mi	11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW	£4,569	58	2	Flat
£300K	09/21	0.22 mi	5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW	£4,110	73	2	Flat
£197.5K	01/21	0.35 mi	29, Rookes Crescent, Chelmsford, Essex CM1 3GL	£3,675	54	2	Flat
£213K	10/20	0.35 mi	5, Rookes Crescent, Chelmsford, Essex CM1 3GL	£3,797	56	2	Flat
£197K	04/23	0.35 mi	23, Rookes Crescent, Chelmsford, Essex CM1 3GL	£3,455	57	2	Flat
£254K	03/23	0.38 mi	Flat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW	-	-	2	Flat
£250K	04/23	0.38 mi	Flat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW	-	-	2	Flat
£186K	08/21	0.38 mi	29, Evelyn Place, Chelmsford, Essex CM1 3GZ	£3,152	59	2	Flat
£195K	01/23	0.39 mi	72, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,482	56	2	Flat
£225K	10/21	0.39 mi	20, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,814	59	2	Flat
£215K	04/21	0.39 mi	58, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,909	55	2	Flat
£190K	06/21	0.39 mi	64, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,585	53	2	Flat
£202K	03/23	0.39 mi	35, Evelyn Place, Chelmsford, Essex CM1 3GZ	£4,122	49	2	Flat
£205K	01/23	0.39 mi	39, Evelyn Place, Chelmsford, Essex CM1 3GZ	£3,631	56	2	Flat
£195K	03/21	0.39 mi	74, Parkinson Drive, Chelmsford, Essex CM1 3GH	£3,679	53	2	Flat
£225K	10/21	0.39 mi	193, Rookes Crescent, Chelmsford, Essex CM1 3GN	£5,357	42	2	Flat
£218K	04/21	0.39 mi	187, Rookes Crescent, Chelmsford, Essex CM1 3GN	£3,105	70	2	Flat
£260K	01/21	0.41 mi	39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ	£4,127	63	2	Flat
£207.5K	05/23	0.41 mi	66, Haig Court, Chelmsford, Essex CM2 0BJ	£3,705	56	2	Flat
£250K	07/23	0.42 mi	92a, Moulsham Street, Chelmsford, Essex CM2 0JF	£5,532	45	2	Flat
£215K	04/21	0.42 mi	39, Haig Court, Chelmsford, Essex CM2 0BH	£3,413	63	2	Flat
£195K	03/23	0.42 mi	8, Haig Court, Chelmsford, Essex CM2 0BH	£3,545	55	2	Flat
£184K	12/20	0.44 mi	108, Crompton Street, Chelmsford, Essex CM1 3GP	£3,286	56	2	Flat
£307.5K	07/23	0.44 mi	30, Bradford Street, Chelmsford, Essex CM2 0FJ	£4,212	73	2	Flat
£240K	10/21	0.45 mi	Flat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE	-	-	2	Flat
£223K	11/21	0.55 mi	38, Stapleford Close, Chelmsford, Essex CM2 0RB	£4,288	52	2	Flat
£215K	01/23	0.56 mi	47, Stapleford Close, Chelmsford, Essex CM2 0RB	£4,135	52	2	Flat
£189K	10/20	0.57 mi	34, Dove Lane, Chelmsford, Essex CM2 8AX	£3,780	50	2	Flat
£232K	05/21	0.59 mi	82, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,640	50	2	Flat
£250K	06/21	0.59 mi	98, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,717	53	2	Flat
£232K	05/21	0.59 mi	82, Stapleford Close, Chelmsford, Essex CM2 0QX	£4,640	50	2	Flat
£325K	01/23	0.6 mi	Flat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£140K	07/21	0.61 mi	62, Godfreys Mews, Chelmsford, Essex CM2 0XE	£3,067	46	2	Flat
£175K	02/21	0.63 mi	18, Delamere Road, Chelmsford, Essex CM1 2TG	£3,646	48	2	Flat
£275K	03/21	0.67 mi	34, Hayes Close, Chelmsford, Essex CM2 0RN	£3,986	69	2	Flat
£310K	05/23	0.67 mi	Flat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£320K	07/23	0.67 mi	Flat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£313K	06/21	0.67 mi	Flat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW	-	-	2	Flat
£225K	04/21	0.67 mi	24, Burghley Way, Chelmsford, Essex CM2 9LQ	£4,416	51	2	Flat
£230K	12/20	0.67 mi	44, Burghley Way, Chelmsford, Essex CM2 9LQ	£4,510	51	2	Flat
£280K	09/21	0.75 mi	3, County Place, Chelmsford, Essex CM2 0RF	£4,590	61	2	Flat
£215K	07/23	0.75 mi	21, Amcotes Place, Chelmsford, Essex CM2 9HZ	£3,564	60	2	Flat
£235K	01/23	0.79 mi	10, Waterson Vale, Chelmsford, Essex CM2 9PB	£3,672	64	2	Flat

Local Rents

50 rents from £1.1K/mo to £1.8K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	05/24	0.12 mi	Cutmore Place, CHELMSFORD	2	House
£1,350	05/24	0.12 mi	Cutmore Place, Chelmsford, CM2	2	Semi-Detached House
£1,400	04/24	0.12 mi	Cutmore Place, Chelmsford, CM2	2	Semi-Detached House
£1,100	05/24	0.13 mi	Mead Path, Chelmsford	2	Flat
£1,500	04/24	0.17 mi	Hillside Mews, Chelmsford, Essex, CM2	2	Semi-Detached House
£1,500	04/24	0.17 mi	Bruce Grove, CHELMSFORD	2	Bungalow
£1,450	04/24	0.2 mi	Grace Bartlett Gardens, CM2	2	Flat
£1,250	02/24	0.21 mi	-	2	Flat
£1,250	03/24	0.27 mi	Moulsham Street, Chelmsford	2	Flat
£1,250	04/24	0.27 mi	Moulsham Street, Chelmsford	2	Flat
£1,550	04/24	0.28 mi	Mary Munnion Quarter, Chelmsford, Essex, CM2	2	Semi-Detached House
£1,495	05/24	0.28 mi	Mary Munnion Quarter, Chelmsford, CM2	2	Flat
£1,800	03/25	0.29 mi	-	2	Flat
£1,600	04/24	0.31 mi	Upper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA	2	Terraced House
£1,450	04/24	0.31 mi	Upper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA	2	Terraced House
£1,300	03/25	0.35 mi	-	2	Flat
£1,400	12/24	0.37 mi	-	2	Flat
£1,300	03/25	0.38 mi	-	2	Flat
£1,100	04/24	0.39 mi	Joseph Court Chelmsford, Essex, CM1 3WQ, UK	2	Flat
£1,200	04/24	0.39 mi	Evelyn Place, CM1	2	Flat
£1,250	04/24	0.39 mi	Rookes Crescent, Chelmsford	2	Flat
£1,300	05/24	0.39 mi	Rookes Crescent, Chelmsford	2	Flat
£1,250	04/24	0.4 mi	Rookes Crescent, Chelmsford, Essex, CM1	2	Flat
£1,200	03/24	0.41 mi	Parkinson Drive, Chelmsford	2	Flat
£1,600	02/25	0.41 mi	-	2	Flat
£1,600	03/25	0.41 mi	-	2	Flat
£1,600	03/25	0.41 mi	-	2	Flat
£1,200	04/24	0.41 mi	Haig Court, CHELMSFORD	2	Flat
£1,150	04/24	0.41 mi	Haig Court, Chelmsford, CM2	2	Flat
£1,250	01/25	0.41 mi	-	2	Flat
£1,350	12/24	0.42 mi	-	2	Terraced House
£1,375	03/24	0.43 mi	Redcliffe Road, Old Moulsham, Chelmsford, CM2	2	Terraced House
£1,600	04/24	0.43 mi	Nursery Road, Chelmsford	2	Terraced House
£1,350	03/24	0.44 mi	Upperbridge Road, Old Moulsham, Chelmsford, CM2	2	Terraced House
£1,400	03/24	0.44 mi	Upperbridge Road, Old Moulsham, Chelmsford, CM2	2	Terraced House
£1,300	04/24	0.44 mi	Crompton Street, Chelmsford, CM1	2	Flat
£1,350	04/24	0.44 mi	Crompton Street, Chelmsford	2	Flat
£1,500	04/24	0.45 mi	Crompton Street, Chelmsford, CM1	2	Terraced House
£1,400	04/24	0.45 mi	Crompton Street, Chelmsford	2	Terraced House
£1,200	03/24	0.45 mi	Parkinson Drive, Chelmsford, CM1 3GW	2	Flat
£1,175	03/24	0.45 mi	Parkinson Drive, CHELMSFORD	2	Flat
£1,300	04/24	0.45 mi	Parkinson Drive, Chelmsford	2	Flat
£1,200	05/24	0.45 mi	Parkinson Drive, CHELMSFORD	2	Flat
£1,200	03/24	0.45 mi	Parkinson Drive, CM1	2	Flat
£1,075	04/25	0.46 mi	-	2	Flat
£1,300	05/24	0.46 mi	Bradford Street, Chelmsford	2	Flat
£1,250	04/24	0.46 mi	King George Court, Old Moulsham	2	Flat
£1,350	01/25	0.48 mi	-	2	Flat
£1,195	04/24	0.49 mi	Lower Anchor Street, Old Moulsham	2	Flat
£1,350	03/24	0.5 mi	Lower Anchor Street, Chelmsford, CM2	2	Terraced House

Local Area Statistics

Population in CM2	58,24458,244
Population in Chelmsford	174,693174,693
Town centre distance	1.06 miles away1.06 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.02 miles away1.02 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+23%+23%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £199,000

March 28, 2025

Floor Plans

Description

Two bedrooms +
Top floor apartment +
Open-plan lounge / diner +
Ample storage throughout +
Allocated parking +
Short walk to Chelmsford city centre and train station +

This well-presented two bedroom apartment, located on the top floor, offers a perfect blend of modern living and practicality. The open-plan lounge / dining area provides a bright and spacious environment, ideal for both relaxation and entertaining. The fitted kitchen is designed for efficiency, while the separate bathroom adds to the overall convenience of the home. With plenty of storage space throughout, you will have ample room to keep everything organized. The apartment benefits from allocated parking, ensuring hassle-free parking at all times.

Its prime location offers the added bonus of being within walking distance to Chelmsford city centre, where you will find a wide range of shops, restaurants, and entertainment options. Additionally, the train station is just a short stroll away, providing easy access to transport links for commuters. Perfect for first-time buyers or investors, this property offers a fantastic opportunity for comfortable living in a sought-after area.

Agent Details

Beresfords, Chelmsford

01245 945593

Next Steps?

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