# 2 bedroom apartment for sale (CM2 0BJ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 87 HAIG COURT, CHELMSFORD, ESSEX CM2 0BJ |
| Price | £140,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | TBC |
| Last sold | £130,000 Oct 2025 |

## Description

Cash Buyers Only!

Offering 582 sq. ft of living space, this two bedroom apartment is being marketed with the advantage of no onward chain.

The property is located just 0.62 mile from Chelmsford Station, within good proximity of the town centre.

We have been advised by the vendor there are around 43 years remaining on the lease.

GROUND RENT - £22.50 Per annum

SERVICE CHARGE: £120 Per month

COUNCIL TAX BAND: B

## Property Photos

- ![Front Of Property](/listings/photos/162132851/1042819) - Front Of Property
- ![Staged Lounge/Diner](/listings/photos/162132851/1042820) - Staged Lounge/Diner
- ![Kitchen](/listings/photos/162132851/1042821) - Kitchen
- ![Bathroom](/listings/photos/162132851/1042822) - Bathroom
- ![Communal Garden](/listings/photos/162132851/1042823) - Communal Garden
- ![Staged Bedroom](/listings/photos/162132851/1042824) - Staged Bedroom
- ![Picture No. 04](/listings/photos/162132851/1042825) - Picture No. 04
- ![Picture No. 06](/listings/photos/162132851/1042826) - Picture No. 06
- ![Picture No. 07](/listings/photos/162132851/1042827) - Picture No. 07
- ![Picture No. 08](/listings/photos/162132851/1042828) - Picture No. 08
- ![Picture No. 09](/listings/photos/162132851/1042829) - Picture No. 09
- ![Picture No. 10](/listings/photos/162132851/1042830) - Picture No. 10
- ![Picture No. 11](/listings/photos/162132851/1042831) - Picture No. 11
- ![Picture No. 12](/listings/photos/162132851/1042832) - Picture No. 12
- ![Picture No. 13](/listings/photos/162132851/1042833) - Picture No. 13
- ![Picture No. 14](/listings/photos/162132851/1042834) - Picture No. 14
- ![Picture No. 16](/listings/photos/162132851/1042835) - Picture No. 16
- ![Picture No. 17](/listings/photos/162132851/1042836) - Picture No. 17
- ![Picture No. 18](/listings/photos/162132851/1042837) - Picture No. 18
- ![Picture No. 19](/listings/photos/162132851/1042838) - Picture No. 19

## Floorplans

- ![Floorplan](/listings/photos/162132851/1042839) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/162132851/1042840) - EPC Rating Graph

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 87 HAIG COURT, CHELMSFORD, ESSEX, CM2 0BJ | £130,000 | 24/10/2025 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 136 PARKINSON DRIVE, CHELMSFORD, ESSEX, CM1 3GS | £185,000 | 13/11/2025 | Flat |
| 31 STAPLEFORD CLOSE, CHELMSFORD, ESSEX, CM2 0RB | £170,000 | 12/09/2025 | Flat |
| 25 PERRIN PLACE, CHELMSFORD, ESSEX, CM2 0BU | £105,000 | 17/07/2024 | Flat |
| 109 BRADFORD STREET, CHELMSFORD, ESSEX, CM2 0XU | £185,000 | 20/12/2023 | Flat |
| 182 PARKINSON DRIVE, CHELMSFORD, ESSEX, CM1 3GS | £235,000 | 20/12/2023 | Flat |
| 58 STAPLEFORD CLOSE, CHELMSFORD, ESSEX, CM2 0RB | £200,000 | 23/11/2023 | Flat |
| 110 BRADFORD STREET, CHELMSFORD, ESSEX, CM2 0XU | £200,000 | 09/11/2023 | Flat |
| 8 PERRIN PLACE, CHELMSFORD, ESSEX, CM2 0BU | £155,000 | 19/10/2023 | Flat |
| 58 STAPLEFORD CLOSE, CHELMSFORD, ESSEX, CM2 0RB | £211,000 | 31/05/2023 | Flat |
| [Same street] 66 HAIG COURT, CHELMSFORD, ESSEX, CM2 0BJ | £207,500 | 19/05/2023 | Flat |
| 73 STAPLEFORD CLOSE, CHELMSFORD, ESSEX, CM2 0RB | £125,000 | 20/12/2022 | Flat |
| 156 PARKINSON DRIVE, CHELMSFORD, ESSEX, CM1 3GS | £186,000 | 14/12/2022 | Flat |
| 5 BAKER STREET, CHELMSFORD, ESSEX, CM2 0SA | £235,000 | 30/11/2022 | Flat |
| 118 PARKINSON DRIVE, CHELMSFORD, ESSEX, CM1 3GS | £190,000 | 01/11/2022 | Flat |
| 116 PARKINSON DRIVE, CHELMSFORD, ESSEX, CM1 3GS | £190,000 | 21/10/2022 | Flat |
| 114 PARKINSON DRIVE, CHELMSFORD, ESSEX, CM1 3GS | £200,000 | 17/10/2022 | Flat |
| KENWOOD HOUSE, 213 FLAT 1 NEW LONDON ROAD, CHELMSFORD, ESSEX, CM2 0AJ | £267,000 | 12/10/2022 | Flat |
| [Same street] 84 HAIG COURT, CHELMSFORD, ESSEX, CM2 0BJ | £226,000 | 12/08/2022 | Flat |
| 29 STAPLEFORD CLOSE, CHELMSFORD, ESSEX, CM2 0RB | £274,500 | 28/07/2022 | Flat |
| 198 UPPER BRIDGE ROAD, CHELMSFORD, ESSEX, CM2 0RU | £268,000 | 23/06/2022 | Flat |
| KENWOOD HOUSE, 213 FLAT 4 NEW LONDON ROAD, CHELMSFORD, ESSEX, CM2 0AJ | £258,500 | 16/06/2022 | Flat |
| 45 HAIG COURT, CHELMSFORD, ESSEX, CM2 0BH | £210,000 | 09/05/2022 | Flat |

**Street average:** £216,750 (2 sales)
**Area average:** £202,500 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £223,779 (52 Flat, CM2, 2024–2026)
- **Deviation:** -37.4%

## Rental Range

*ONS Price Index of Private Rents (Chelmsford). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,301/mo
- **Realistic:** £1,445/mo
- **Optimistic:** £1,590/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Chelmsford (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £947/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Baddow Road, CM2 | £1,600/mo | 2 | 0.65 miles | OpenRent |
| [Wharf Road, Chelmsford, Essex, CM2](http://87.117.209.195:8080/listings/8e9ef7e) | £1,700/mo | 2 | 0.83 miles | Rightmove |

**Average rent: £1,650/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 1.18% (strong)
- **Max investor price (0.8%):** £206,250
- **Target investor price (1%):** £165,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,650/mo).*

- **Gross yield:** 14.1%
- **Cost-to-rent:** 7.1×
- **Monthly cashflow:** £909/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 26.9%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -1.2%
- **10y growth:** 6.2%

## House Price Index (HM Land Registry)

*Official index for Chelmsford; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -2.6%
- **5y growth (index):** 4.1%
- **10y growth (index):** 16.7%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)