2 Bed Flat, Single Let, Brentwood, CM14 5DP, £264,000

3 Gainsborough Court Great Eastern Road, Warley, Brentwood, CM14 5DP - 6 views - a year ago

BTL
ROI: 4%
48 m²
+3 photos

ValuationOvervalued

Sold Prices£115K - £465K
Sold Prices/m²£1.9K/m² - £7K/m²

 

 

Square Metres

48 m²
Price/m²£5.5K/m²

Value Estimate

£217,412

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,000

Stamp Duty & Legal Fees

£10,300

Total Cash In

£76,300

 

 

Cash Out

 

Rent Range

£1,250 - £2,000

Rent Estimate

£1,371

Running Costs/mo

£1,119

Cashflow/mo

£252

Cashflow/yr

£3,022

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £115K to £465K, average is £290K. £1.9K/m² to £7K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£310K06/230.05 mi38, Myrtle Road, Warley, Brentwood, Essex CM14 5EG2
£250K08/210.1 miFlat 4, Forres House, Cameron Close, Warley, Brentwood, Essex CM14 5BS2
£210K11/200.12 miFlat 18, Cawdor House, Cameron Close, Warley, Brentwood, Essex CM14 5BZ2
£280K06/210.14 miFlat 4, Cromarty House, Mount Crescent, Warley, Brentwood, Essex CM14 5DA2
£290K06/230.18 mi11, Railway Square, Brentwood, Essex CM14 4LN2
£237.5K09/210.18 mi18, Railway Square, Brentwood, Essex CM14 4LN2
£365K11/200.24 mi40, Wharf Road, Brentwood, Essex CM14 4LQ2
£270K03/210.25 mi18a, Hampden Crescent, Warley, Brentwood, Essex CM14 5BD2
£172.5K01/210.25 miFlat 4, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£165K12/200.26 miFlat 29, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£300K01/230.26 miFlat 23, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£310K01/230.26 miFlat 24, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£372.5K05/210.28 mi4, Kings Chase, Brentwood, Essex CM14 4LE2
£290K01/210.28 miFlat 24, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£305K05/210.28 miFlat 32, Radcliffe House, Rollason Way, Brentwood, Essex CM14 4DY2
£197K05/210.29 miFlat 9, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£115K05/230.29 miFlat 24, Beech Spinney, Lorne Road, Warley, Brentwood, Essex CM14 5HH2
£240K03/230.3 miFlat 8, Grove House, Firsgrove Crescent, Warley, Brentwood, Essex CM14 5JS2
£363.5K12/220.3 mi73, Kings Road, Brentwood, Essex CM14 4DP2
£250K02/210.31 miFlat 2, Marlborough House, Firsgrove Crescent, Brentwood, Essex CM14 5TF2
£210K03/210.34 mi84, Cromwell Road, Warley, Brentwood, Essex CM14 5DZ2
£340K05/210.35 mi201, Crescent Road, Warley, Brentwood, Essex CM14 5JB2
£349.8K06/210.38 mi44, Westbury Road, Brentwood, Essex CM14 4JR2
£335K04/210.38 mi15, Osborne Heights, Warley, Brentwood, Essex CM14 5UZ2
£258K09/210.39 mi13, Pompadour Close, Warley, Brentwood, Essex CM14 5LB2
£345K12/200.4 mi42b, Coptfold Road, Brentwood, Essex CM14 4BL2
£275K04/210.42 mi116b, Woodman Road, Warley, Brentwood, Essex CM14 5AL2
£425K03/230.44 miFlat 11, Coptfold House, New Road, Brentwood, Essex CM14 4FW2
£245K08/210.45 miFlat 35, The Square, Chatham Way, Brentwood, Essex CM14 4AL2
£311.5K05/230.45 miFlat 6, The Square, Chatham Way, Brentwood, Essex CM14 4AL2
£400K06/230.5 miFlat 17, Myers Court, The Galleries, Warley, Brentwood, Essex CM14 5GG2
£232.5K09/210.51 miFlat 4, Stone Yard, Western Gardens, Brentwood, Essex CM14 4RE2
£440K06/210.53 miFlat 28, Fisher Court, Rhapsody Crescent, Warley, Brentwood, Essex CM14 5GE2
£465K11/200.53 miFlat 12, Fisher Court, Rhapsody Crescent, Warley, Brentwood, Essex CM14 5GE2
£315K09/220.7 mi43, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£310K03/210.7 mi33, Florence Close, Great Warley, Brentwood, Essex CM13 3FQ2
£282K10/210.71 mi17, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£290K10/210.71 mi39, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£300K03/210.71 mi35, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AH2
£300K01/230.72 mi38, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AQ2
£301K11/220.73 mi44, Hammonds Lane, Great Warley, Brentwood, Essex CM13 3AQ2
£180K09/210.75 miFlat 25, Becketts Court, Canterbury Way, Great Warley, Brentwood, Essex CM13 3BA2
£305K12/220.75 mi51a, The Drive, Great Warley, Brentwood, Essex CM13 3BH2
£260K03/210.79 mi32, Mayfield Gardens, Brentwood, Essex CM14 4UJ2
£321K06/230.79 mi14, Mayfield Gardens, Brentwood, Essex CM14 4UJ2
£248K02/210.8 mi51, The Drive, Great Warley, Brentwood, Essex CM13 3BH2
£315K05/230.83 mi71, Shevon Way, Brentwood, Essex CM14 4PL2
£272.5K11/210.83 mi95, Shevon Way, Brentwood, Essex CM14 4PL2
£260K09/220.84 miFlat 12, Thorndon Court, Eagle Way, Great Warley, Brentwood, Essex CM13 3BZ2
£205.5K02/210.85 miFlat 34, Thorndon Court, Eagle Way, Great Warley, Brentwood, Essex CM13 3BY2

Local Rents

51 rents from £1.3K/mo to £2K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,60012/240.05 miMyrtle Road, Brentwood, Essex, CM142
£1,95012/240.06 mi-2
£1,40003/250.09 mi-2
£1,40012/240.11 mi-2
£1,89512/240.11 miLunar House, St. James Road, Brentwood2
£1,40004/250.13 mi-2
£1,30001/240.13 mi-2
£1,90012/240.14 miBrentwood Station2
£1,25002/240.16 mi-2
£1,80012/240.19 miJunction Road, Warley2
£1,80012/240.2 miRose Valley, Brentwood, Essex, CM142
£1,72512/240.21 miChase Road, Brentwood, Essex, CM142
£1,70012/240.22 miCrescent Road, Brentwood, Essex, CM142
£1,80011/230.22 mi-2
£1,50004/250.24 mi-2
£1,57512/240.25 miSussex Road, Brentwood2
£1,75012/240.25 miSussex Road, Brentwood, Essex, CM142
£1,75012/240.25 miSussex Road, Brentwood, Essex, CM142
£1,60012/240.26 miLorne Road, Warley, Brentwood2
£1,45003/240.26 mi-2
£1,45003/240.26 mi-2
£1,95001/250.26 mi-2
£1,40011/240.26 mi-2
£1,70012/240.27 mi-2
£1,50012/240.28 miRollason Way, Brentwood, Essex, CM142
£1,50004/250.29 mi-2
£1,50004/250.3 mi-2
£1,50004/250.3 mi-2
£1,50012/240.3 miThe Base - Brentwood2
£1,50012/240.33 miAdlington House, Rollason Way, CM142
£1,60012/240.33 miRollason Way, Brentwood, CM142
£1,60012/240.33 mi-2
£1,92504/250.33 mi-2
£1,41512/240.33 mi-2
£1,40012/240.34 miThe Badgers, Cromwell Road, Warley, Essex2
£1,85012/240.34 miCromwell Road, Brentwood, Essex, CM142
£1,65012/240.34 miCromwell Road, Brentwood, Essex, CM142
£1,55001/250.36 mi-2
£1,55001/250.36 mi-2
£1,65012/240.36 miWilkinson Court, Rollason Way, CM142
£1,40001/250.37 mi-2
£1,60012/240.39 miCrown Street, Brentwood2
£1,50012/240.4 miRegent House, Hubert Road, Brentwood2
£1,85012/240.43 miHalcyon Place, Brentwood, Essex, CM142
£1,60012/240.44 miThe Galleries, Warley, Brentwood2
£1,75012/240.45 miThe Clock Tower, Brentwood2
£2,00012/240.45 miThe Clocktower, The Galleries, Brentwood, Essex, CM142
£1,39512/240.45 miCrown Street, Brentwood, Essex, CM142
£1,99512/240.46 miPenthouse South, Tudor Court, The Galleries , Warley, Brentwood, CM14 5FS2
£1,55012/240.46 miHubert Road, BRENTWOOD2
£1,55012/240.46 miHubert Road, BRENTWOOD2

Local Area Statistics

Population in CM14

19,442

Population in Brentwood

67,434

Town centre distance

1.11 miles away

Nearest school

0.40 miles away

Nearest train station

0.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Price changed to £264,000

December 4, 2024

Listed for £270,000

March 25, 2024

Floor Plans

Description

GUIDE PRICE £270,000 - £290,000

Perfectly situated for Brentwood's Mainline Railway Station is this purpose-built first-floor fully refurbished apartment. Apartments within this block rarely come to the market and with Crossrail providing direct transport links to central London this is perfect for those wishing to commute. As you enter the apartment you will find two light and spacious bedrooms off the hallway and a living room leading to the kitchen with white fitted units. The bathroom has a new white suite and a shower over the bath plus a concealed cistern WC. To the rear of the property, you will find lawned communal gardens and an allocated parking space, along with visitor parking.
Being offered with no onward chain, we understand from the current vendor, that this apartment will be sold with the added benefit of a share of the freehold. There is a monthly service charge of only £105.00 P/M.

With this in mind, we feel this is also an excellent investment opportunity.

Accommodation Comprises - Entrance door to:

Entrance Hall -

Living Room - 4.65m x 3.48m (15'3 x 11'5) -

Kitchen - 2.59m x 2.36m (8'6 x 7'9) -

Bedroom One - 2.97m x 2.79m (9'9 x 9'2) -

Bedroom Two - 2.41m x 2.36m (7'11 x 7'9) -

Bathroom -

Externally - As previously mentioned Gainsborough Court is surrounded by communal lawned gardens with residents parking provided to rear.

Agent Details

Keith Ashton, Brentwood

01277 674388

Next Steps?

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