Adrians says ..
Having a lease in excess of 955 years, this first floor one bedroom apartment is ideal for either a first time buyer or investor. The property is in need of some updating, but does offer good value for money. Conveniently located with a superstore within a 1/4 of a mile along with easy acces (cont.)
Property Oracle says ..
This one-bedroom apartment in Chelmsford, Essex, presents a mixed bag of advantages and disadvantages. The location in Chelmsford offers a compromise between proximity to amenities and the more peaceful residential setting of Redmayne Drive. While transport links to London and other areas are convenient, the lack of a private outdoor space is a considerable drawback, common in apartments but reducing overall appeal.
The interior, as shown in the photos, appears dated and in need of some modernisation. Whilst this would add to any prospective buyer’s cost, it also offers the opportunity to customize the space to personal preferences. The condition is not poor, but substantial upgrades could enhance its value and appeal.
The price of £165,000 needs careful consideration. While potentially competitive in the local market for flats, the actual value needs to be determined after factoring in renovation or refurbishment costs which could significantly impact the return on investment. A property survey and assessment of necessary works are advisable before making any final decision. The lack of provided square footage data also limits a thorough comparison with nearby properties.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 6
- Land
- 1
- Bedrooms
- 1
- Bathrooms
- 1
- Sqft (est)
- 382.40
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 265,556.00 £Decreased by 26.45 %
- Est sale value
- 179,728.00 £Increased by 24.67 %
- Average area rental value
- 1,429.00 £/moIncreased by 5.77 %
- Est letting value
- 764.80 £/moIncreased by 100.00 %
- Est rental Yield
- 6.46 %Increased by 43.88 %
- Crime Rate
- 2.00 %Unchanged by 0.00 %
Agent Activity
Adrians marked this listing as sold.
Adrians created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Widford Lodge Preparatory School | Other Independent School | 0.24 KM | |
| Community College Initiative Ltd | Special Post 16 Institution | Requires improvement | 0.73 KM |
| St Cedd'S School | Other Independent School | 0.98 KM | |
| Chelmsford College | Further Education | Good | 1.02 KM |
| St Anne'S School | Other Independent School | 1.10 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| London Road | £ 0 | 0 | 0.00 KM |
| London Road | £ 0 | 0 | 0.00 KM |
| Miami Roundabout | £ 0 | 0 | 0.00 KM |
| Upper Chase | £ 222,500 | 0 | 0.00 KM |
| Nichols Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Chelmsford | 6836 | CHM | 1.97 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Redmayne Drive, Chelmsford | £ 195,000 | BUY | 5 / 10 | 0.08 KM |
| Redmayne Drive, Chelmsford, Essex, CM2 | £ 180,000 | BUY | 5 / 10 | 0.08 KM |
| Redmayne Drive, Chelmsford, Essex, CM2 | £ 365,000 | BUY | 5 / 10 | 0.10 KM |
| Widford Road, Chelmsford, Essex, CM2 | £ 675,000 | BUY | 7 / 10 | 0.16 KM |
| Widford Road, Chelmsford, Essex, CM2 | £ 675,000 | BUY | 7 / 10 | 0.17 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 180 Redmayne Drive | £ 107,000 | 0.00 KM |
| 188 Redmayne Drive | £ 45,000 | 0.00 KM |
| 208 Redmayne Drive | £ 105,250 | 0.00 KM |
| 182 Redmayne Drive | £ 205,000 | 0.00 KM |
| 124 Redmayne Drive | £ 270,000 | 0.00 KM |