2 Bed Flat, Single Let, Chelmsford, CM1 3WQ, £220,000

Joseph Court, Writtle Road, CHELMSFORD, CM1 3WQ - 4 views - a year ago

Leasehold
BTL
ROI: 3%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£80.8K - £325K
Sold Prices/m²£2K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£259,174
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£1,075 - £1,600

Rent Estimate

£1,113

Running Costs/mo

£930

Cashflow/mo

£183

Cashflow/yr

£2,195

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80.8K to £325K, average is £216.5K. £2K/m² to £5.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£254K03/230.03 miFlat 6, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£250K04/230.03 miFlat 8, Crompton House, Writtle Road, Chelmsford, Essex CM1 3RW2
£202K03/230.09 mi35, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£186K08/210.1 mi29, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£205K01/230.1 mi39, Evelyn Place, Chelmsford, Essex CM1 3GZ2
£184K12/200.13 mi108, Crompton Street, Chelmsford, Essex CM1 3GP2
£225K10/210.13 mi20, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£215K04/210.13 mi58, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£190K06/210.13 mi64, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£197.5K01/210.14 mi29, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£197K04/230.14 mi23, Rookes Crescent, Chelmsford, Essex CM1 3GL2
£225K10/210.17 mi193, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£218K04/210.17 mi187, Rookes Crescent, Chelmsford, Essex CM1 3GN2
£195K03/210.22 mi74, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£195K01/230.22 mi72, Parkinson Drive, Chelmsford, Essex CM1 3GH2
£200K03/210.23 mi54, Redmayne Drive, Chelmsford, Essex CM2 9AG2
£175K02/210.24 mi18, Delamere Road, Chelmsford, Essex CM1 2TG2
£227.5K12/220.28 mi162, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£112.5K01/230.28 mi214, Redmayne Drive, Chelmsford, Essex CM2 9XE2
£200K05/230.31 mi65, Redmayne Drive, Chelmsford, Essex CM2 9XG2
£260K01/210.32 mi39, Upper Bridge Road, Chelmsford, Essex CM2 0AZ2
£215K04/210.35 mi39, Haig Court, Chelmsford, Essex CM2 0BH2
£195K03/230.35 mi8, Haig Court, Chelmsford, Essex CM2 0BH2
£207.5K05/230.37 mi66, Haig Court, Chelmsford, Essex CM2 0BJ2
£307.5K07/230.38 mi30, Bradford Street, Chelmsford, Essex CM2 0FJ2
£183K06/210.39 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£183K06/210.39 mi13, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£204K12/200.39 mi52, Brooklands Walk, Chelmsford, Essex CM2 9BH2
£325K01/230.48 miFlat 32, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£265K01/210.51 mi11, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£300K09/210.51 mi5, Grace Bartlett Gardens, Chelmsford, Essex CM2 9FW2
£195K11/210.51 mi18, Sherwood Drive, Chelmsford, Essex CM1 3DN2
£223K11/210.53 mi38, Stapleford Close, Chelmsford, Essex CM2 0RB2
£215K01/230.53 mi47, Stapleford Close, Chelmsford, Essex CM2 0RB2
£250K07/230.54 mi92a, Moulsham Street, Chelmsford, Essex CM2 0JF2
£310K05/230.55 miFlat 56, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£320K07/230.55 miFlat 47, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£313K06/210.55 miFlat 31, Callow Court, Seymour Street, Chelmsford, Essex CM2 0RW2
£240K10/210.56 miFlat 4, King George Court, Moulsham Street, Chelmsford, Essex CM2 0JE2
£232K05/210.57 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£250K06/210.57 mi98, Stapleford Close, Chelmsford, Essex CM2 0QX2
£232K05/210.58 mi82, Stapleford Close, Chelmsford, Essex CM2 0QX2
£282.5K11/210.64 mi4, Alma Drive, Chelmsford, Essex CM1 1TW2
£275K03/210.65 mi34, Hayes Close, Chelmsford, Essex CM2 0RN2
£218K03/210.69 mi24, Rainsford Lane, Chelmsford, Essex CM1 2QR2
£140K07/210.71 mi62, Godfreys Mews, Chelmsford, Essex CM2 0XE2
£280K09/210.74 mi3, County Place, Chelmsford, Essex CM2 0RF2
£220K12/220.79 mi18, Coval Lane, Chelmsford, Essex CM1 1TD2
£80.8K03/210.84 miFlat 54, Wells Crescent, Viaduct Road, Chelmsford, Essex CM1 1GR2
£85K06/210.85 miFlat 4, Fenton Court, Burgess Springs, Chelmsford, Essex CM1 1HW2

Local Rents

50 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10004/240 mi Joseph Court Chelmsford, Essex, CM1 3WQ, UK2
£1,50004/240.09 miCrompton Street, Chelmsford, CM12
£1,40004/240.09 miCrompton Street, Chelmsford2
£1,40012/240.09 mi-2
£1,30003/250.09 mi-2
£1,20004/240.1 miEvelyn Place, CM12
£1,30003/250.11 mi-2
£1,20003/240.12 miParkinson Drive, Chelmsford2
£1,30004/240.13 miCrompton Street, Chelmsford, CM12
£1,35004/240.13 miCrompton Street, Chelmsford2
£1,07504/250.15 mi-2
£1,25004/240.17 miRookes Crescent, Chelmsford2
£1,30005/240.17 miRookes Crescent, Chelmsford2
£1,25004/240.17 miRookes Crescent, Chelmsford, Essex, CM12
£1,60004/240.22 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,45004/240.22 miUpper Bridge Road, Old Moulsham, Chelmsford, CM2 0BA2
£1,20003/240.24 miParkinson Drive, Chelmsford, CM1 3GW2
£1,25002/240.25 mi-2
£1,17503/240.26 miParkinson Drive, CHELMSFORD2
£1,30004/240.26 miParkinson Drive, Chelmsford2
£1,20005/240.26 miParkinson Drive, CHELMSFORD2
£1,20003/240.27 miParkinson Drive, CM12
£1,10005/240.27 miMead Path, Chelmsford2
£1,35005/240.27 miCutmore Place, Chelmsford, CM22
£1,40004/240.27 miCutmore Place, Chelmsford, CM22
£1,35005/240.27 miCutmore Place, CHELMSFORD2
£1,35003/240.32 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40003/240.32 miUpperbridge Road, Old Moulsham, Chelmsford, CM22
£1,40004/240.37 miUpper Bridge Road, Chelmsford2
£1,40004/240.37 miUpper Bridge Road, Chelmsford2
£1,20004/240.37 miHaig Court, CHELMSFORD2
£1,35001/250.38 mi-2
£1,15004/240.38 miHaig Court, Chelmsford, CM22
£1,25001/250.38 mi-2
£1,30003/240.42 miUpper Bridge Road, Chelmsford, CM22
£1,30003/240.42 mi-2
£1,30004/240.43 miUpper Bridge Road, Chelmsford2
£1,19504/240.45 miLower Anchor Street, Old Moulsham2
£1,25003/240.45 miMoulsham Street, Chelmsford2
£1,25004/240.45 miMoulsham Street, Chelmsford2
£1,35004/240.45 miFalcons Mead, CITY CENTRE, Chelmsford, CM2 0NN2
£1,30005/240.45 miBradford Street, Chelmsford2
£1,35003/240.45 miLower Anchor Street, Chelmsford, CM22
£1,35003/240.45 miLower Anchor Street, Chelmsford, CM22
£1,60002/250.5 mi-2
£1,60003/250.5 mi-2
£1,60003/250.5 mi-2
£1,45004/240.51 miGrace Bartlett Gardens, CM22
£1,50004/240.51 miBruce Grove, CHELMSFORD2
£1,37503/240.52 miRedcliffe Road, Old Moulsham, Chelmsford, CM22

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.87 miles away

Nearest school

0.30 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £220,000

April 3, 2024

Floor Plans

Description

  • Long Lease +
  • Great Central Location +
  • Excellent Transport Links +
  • Allocated Parking +
  • Close to Hylands Parks +
  • Local Shops Within Easy Walking Distance +
  • No Onward Chain +
  • Great Investment or First Time Purchase +

GUIDE PRICE £220,000 TO £230,000
NO ONWARD CHAIN
Great starter apartment or investment purchase in great central location. Offering easy access to local shops and some great transport links, the home also sits within easy reach of the stunning Hylands Parks. The property goes onto offer allocated parking, two bathrooms and great communal grounds. Call Leaders to arrange your viewing today!

Agent Details

Leaders Sales, Witham

01376 315806

Next Steps?

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