1 Bed Flat For Sale Rookes Crescent, Chelmsford, CM1

£185,000- Flat

1 of 8
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Last Updated: 26th June 2024

Description

A superbly presented one double bedroom ground-floor apartment situated on this popular development. The accommodation comprises an entrance hall with security entry phone system which then leads through to a good sized lounge which in turn leads  to a refitted kitchen with fitted oven and hob. Off the hallway there is a double bedroom as well as a re-fitted bathroom WC. To the rear of the property they are all communal gardens and there is casual parking available. This property is exceptionally well presented throughout with an extended lease whilst also boasting an excellent rental return at 4.87% net yield for an investors out there looking for that next property to add to their portfolio. \r
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Situated within a mile of the City centre and within walking distance of Central Park which is a beautiful open space next to the river with an ornamental lake, children's play area and weekly park runs. The City centre offers 2 shopping malls and a busy high street with many national and international stores as well as a thriving international market. The Bond Street Shopping area has a John Lewis Department Store and an Everyman Cinema. Essex County Cricket club is under a mile away and is located next door to Central Park. Chelmsford Railway Station has trains to London Stratford from 31 minutes and Liverpool Street from 36 minutes.\r
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Tenure: Leasehold\r
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Band B is the Council Tax band for this property and the annual council tax bill is £1,547.28\r
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Lease length: 125 years from 10/10/2018, expiring on 9/10/2143. 119 years remaining.\r
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Ground rent: £250 per annum and is reviewed every 20 years of the term. \r
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Service charge: £1768.88 for 1/11/2023 to the 31/10/2024. The service charge is reviewed annually. \r
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As an integral part of the community, we’ve gotten to know the best professionals for the job. If we recommend one to you, it will be in good faith that they’ll make the process as smooth as can be. Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200. You are under no obligation to use a third party we have recommended. \r
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Should you successfully have an offer accepted on a property of ours and proceed to purchase it there is an administration charge of £30 inc. VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.

Entrance Hall

Lounge
4.29 m x 3.15 m (14'1\" x 10'4\")

Kitchen
3.38 m x 1.83 m (11'1\" x 6'0\")

Bedroom
3.84 m x 2.46 m (12'7\" x 8'1\")

Bathroom

Outside
Agent Details
HOME
11 Duke Street Chelmsford CM1 1HL

Investment Analysis

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Calculators

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested