2 Bed Flat, Single Let, Halstead, CO9 1JP, £140,000

Halstead, CO9 1JP - 2 views - a year ago

Sold STC

Leasehold

BTL

ROI: 7%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£110K - £291.5K
Sold Prices/m²	£2.1K/m² - £3.8K/m²

Square Metres	~68.11 m²
Price/m²	£2.1K/m²
Value Estimate	£173,600£173,600
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£8,200£8,200
Total Cash In	£43,200£43,200

Cash Out
Rent Range	£825 - £4,435£825 - £4,435
Rent Estimate	£895
Running Costs/mo	£637£637
Cashflow/mo	£259£259
Cashflow/yr	£3,102£3,102
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

21 sold prices from £110K to £291.5K, average is £166K. £2.1K/m² to £3.8K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£177K	03/21	0.1 mi	4, Beridge Mews, Halstead, Essex CO9 1FG	£2,529	70	2	Flat
£185K	04/23	0.27 mi	7a, New Street, Halstead, Essex CO9 1DD	£3,364	55	2	Flat
£127.5K	04/21	0.28 mi	Flat 52, Riverside Court, Rosemary Lane, Halstead, Essex CO9 1FD	-	-	2	Flat
£170K	07/22	0.38 mi	Flat 4, Courtlands, Abels Road, Halstead, Essex CO9 1UT	-	-	2	Flat
£141.5K	09/21	0.38 mi	Flat 14, Courtlands, Abels Road, Halstead, Essex CO9 1UT	-	-	2	Flat
£165K	01/23	0.42 mi	18, Elizabeth Way, Halstead, Essex CO9 2DT	£3,750	44	2	Flat
£142.5K	07/21	0.43 mi	126, Mill Bridge, Halstead, Essex CO9 2TD	£2,639	54	2	Flat
£170K	04/23	0.43 mi	104, Mill Bridge, Halstead, Essex CO9 2TD	£3,696	46	2	Flat
£170K	02/23	0.44 mi	84, Mill Bridge, Halstead, Essex CO9 2TD	£3,119	55	2	Flat
£160K	06/22	0.44 mi	138, Mill Bridge, Halstead, Essex CO9 2TD	£2,963	54	2	Flat
£147K	07/22	0.45 mi	70, Mill Bridge, Halstead, Essex CO9 2LP	-	-	2	Flat
£178K	05/23	0.45 mi	66, Mill Bridge, Halstead, Essex CO9 2LP	-	-	2	Flat
£291.5K	07/23	0.51 mi	Flat 5, Congregation House, Parsonage Street, Halstead, Essex CO9 2JW	£3,068	95	2	Flat
£110K	03/23	0.54 mi	22, Knowles Close, Halstead, Essex CO9 1BZ	-	-	2	Flat
£130K	05/21	0.55 mi	Flat 12, Parsons Court, St Andrews Road, Halstead, Essex CO9 2TF	£3,348	39	2	Flat
£270K	09/21	0.56 mi	2, North Mill Place, Halstead, Essex CO9 2FA	£2,621	103	2	Flat
£190K	07/23	0.56 mi	41, Evans Court, Halstead, Essex CO9 2GE	£3,455	55	2	Flat
£155K	11/20	0.6 mi	77, White Horse Avenue, Halstead, Essex CO9 1AN	£2,153	72	2	Flat
£136.5K	11/20	0.61 mi	47a, Parker Way, Halstead, Essex CO9 1NT	£2,068	66	2	Flat
£190K	06/22	0.72 mi	32, Colne Road, Halstead, Essex CO9 2HU	£2,921	65	2	Flat
£166K	08/22	0.91 mi	Flat 2, Coggeshall Pieces, Colne Road, Halstead, Essex CO9 2HP	-	-	2	Flat

Local Rents

18 rents from £825/mo to £4.4K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	12/24	0.17 mi	Beridge Road, Halstead, Essex, CO9	2	Flat
£1,150	12/24	0.18 mi	Stanley Road, Halstead	2	Flat
£895	12/24	0.25 mi	Trinity Road, Halstead, Essex, CO9	2	Terraced House
£1,100	12/24	0.26 mi	-	2	Semi-Detached House
£1,100	12/24	0.27 mi	New Street, Halstead, Essex, CO9	2	Flat
£895	12/24	0.27 mi	New Street, Halstead, Essex, CO9	2	Terraced House
£895	12/24	0.29 mi	Trinity Road, Halstead	2	Terraced House
£1,650	12/24	0.3 mi	-	2	Semi-Detached House
£1,600	03/25	0.3 mi	-	2	Semi-Detached House
£1,800	11/24	0.3 mi	-	2	Semi-Detached House
£1,700	03/25	0.3 mi	-	2	Semi-Detached House
£895	12/24	0.43 mi	Millbridge, Halstead	2	Flat
£4,435	12/24	0.45 mi	Kings Road, Halstead, CO9	2	Flat
£1,100	12/24	0.55 mi	St. James Close, Halstead, Essex, CO9	2	Flat
£950	03/25	0.56 mi	-	2	Flat
£825	12/24	0.56 mi	Parsons Court, Halstead	2	Flat
£1,200	12/24	0.58 mi	Colchester Road, Halstead	2	Flat
£1,000	12/24	0.61 mi	Harper Lane, HALSTEAD	2	Flat

Local Area Statistics

Population in CO9	25,16225,162
Town centre distance	0.44 miles away0.44 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	5.63 miles away5.63 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+41%+41%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £140,000

March 5, 2024

Description

Ground Floor Flat +
Spacious Rooms +
Close to Town Centre +
No Onward Chain +

HALLWAY

With doors leading to all rooms.

LIVING AREA 16'6 x 11'8

A bright room with two windows to front elevation. Electric heater.

KITCHEN AREA 5'6 x 8'3

With window to the front elevation. The kitchen is fitted with a range of high and low level units with single bowl, single drainer stainless steel sink set in solid wood work surface. Tiled splashbacks, oven and hob, space for washing machine and fridge.

BEDROOM (1) 16' x 9'

A good size double bedroom with large window to the side elevation. Electric heater.

BEDROOM (2) 16' x 7'

Another double room with window to rear elevation. Electric heater.

BATHROOM

Suite comprising corner shower with glazed screen in fully tiled cubicle, wc, wash hand basin. Tiling to half height, tiled floor.

OUTSIDE

The property is provided with one parking space. There are also additional parking spaces for visitors.

SERVICES

The property has electric heating and mains drainage. Service charge is £132 per month which includes ground rent, water and drainage.
There is 109 years remaining on the lease.

Agent Details

Gray & Co, Great Bardfield

01371 708210

Next Steps?

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

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