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1 bed flat
Baden Powell Close, Chelmsford CM2
£172,000
Baden Powell Close, Chelmsford CM2
£172,000
Price History
Initial price | £210,000 |
29/11/24 | £206,000 |
14/12/24 | £190,000 |
21/12/24 | £187,000 |
03/01/25 | £184,000 |
10/01/25 | £181,000 |
17/01/25 | £178,000 |
31/01/25 | £175,000 |
27/02/25 | £172,000 |
13/03/25 | £190,000 |
19/03/25 | £187,000 |
26/03/25 | £175,000 |
03/04/25 | £172,000 |
Price Change | -18.10% |
Description
This 1-bedroom flat in Chelmsford is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a spacious bedroom and lounge, modern bathroom, kitchen, garage, and a town centre location. Currently, the property generates an annual gross income of £14,400, which could be increased to a market rate of £16,680 with long-term tenants already in place. The tenants, who have lived in the property for several years, have consistently paid their rent and have no intention of moving out, making it a low-risk investment. With a worthwhile addition to an investor's portfolio, this property is sure to generate rewarding rental returns and is a great opportunity for those looking to expand their property portfolio.