3 Bed Terraced House, Refurb/BRRR, Stansted, CM24 8DN, £425,000

Croasdaile Road, Stansted, Essex, CM24 8DN - a year ago

Sold STC
Refurb/BRRR
~100 m²
+11 photos

ValuationOvervalued

Sold Prices£300K - £850K
Sold Prices/m²£3.2K/m² - £7.8K/m²

 

 

Square Metres

~100 m²
Price/m²£4.3K/m²

Value Estimate

£415,820

 

 

End Value (After Refurb)

£436,181

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£48,172

Bridging Loan Interest

£11,156

Total Cash In

£190,028

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£436,181

Mortgage (After Refinance)

£327,136

Mortgage LTV

75%

Cash Released

£8,386

Cash Left In

£181,643

Equity

£109,045

Rent Range

£550 - £3,600

Rent Estimate

£1,421

Running Costs/mo

£1,667

Cashflow/mo

£-246

Cashflow/yr

£-2,955

Gross Yield

4%

Local Sold Prices

50 sold prices from £300K to £850K, average is £398.3K. £3.2K/m² to £7.8K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£575K12/220 mi1, Croasdaile Road, Stansted, Essex CM24 8DN3
£400K08/210 mi9, Croasdaile Road, Stansted, Essex CM24 8DN3
£370K01/210.06 mi46, Gilbey Crescent, Stansted, Essex CM24 8DT3
£425K06/220.08 mi18, Gilbey Crescent, Stansted, Essex CM24 8DS3
£521.5K09/220.09 mi5, Rainsford Road, Stansted, Essex CM24 8DU3
£340K12/200.1 mi3, Mary Mcarthur Place, Stansted, Essex CM24 8EB3
£395K03/210.1 mi13, Mary Mcarthur Place, Stansted, Essex CM24 8EB3
£470K03/210.1 mi11, Mary Mcarthur Place, Stansted, Essex CM24 8EB3
£350K10/200.11 mi5, Queens Close, Stansted, Essex CM24 8EJ3
£385K11/210.11 mi18, The Campions, Stansted, Essex CM24 8LL3
£440K03/210.11 mi16, The Campions, Stansted, Essex CM24 8LL3
£400K04/210.16 mi1, Alderbury Road, Stansted, Essex CM24 8EH3
£425K06/220.16 mi44, Cambridge Road, Stansted, Essex CM24 8DA3
£388K05/230.16 mi78, Cambridge Road, Stansted, Essex CM24 8DA3
£365K03/210.16 mi74, Cambridge Road, Stansted, Essex CM24 8DA3
£496K03/210.2 mi21, St Johns Crescent, Stansted, Essex CM24 8JT3
£850K06/220.2 mi5, St Johns Crescent, Stansted, Essex CM24 8JT3
£572K05/230.21 mi19, St Johns Crescent, Stansted, Essex CM24 8JT3
£675K04/220.21 mi13, St Johns Crescent, Stansted, Essex CM24 8JT3
£399.5K03/210.22 mi11, Clarence Road, Stansted, Essex CM24 8JX3
£535K01/210.22 mi15, Clarence Road, Stansted, Essex CM24 8JX3
£385K01/210.23 mi39, Bentfield Gardens, Stansted, Essex CM24 8JE3
£400K03/210.25 mi50, Bentfield Road, Stansted, Essex CM24 8HP3
£335K05/210.27 mi68, Rainsford Road, Stansted, Essex CM24 8EA3
£367.5K05/210.28 mi20, Bentfield Gardens, Stansted, Essex CM24 8HJ3
£500K03/210.35 mi10, Bentfield Causeway, Stansted, Essex CM24 8HU3
£466K06/210.37 mi54, Lower Street, Stansted, Essex CM24 8LR3
£300K06/210.4 mi2, Grove Hill, Stansted, Essex CM24 8LT3
£447K11/220.4 mi6, Grove Hill, Stansted, Essex CM24 8LT3
£375K06/210.41 mi14, Spencer Close, Stansted, Essex CM24 8AN3
£550K06/210.42 mi5, Woodfield Terrace, Stansted, Essex CM24 8AJ3
£350K06/210.43 mi29, Silver Street, Stansted, Essex CM24 8HA3
£550.5K02/220.43 mi6, Woodfield Terrace, Stansted, Essex CM24 8AJ3
£353K06/210.44 mi30, Woodfields, Stansted, Essex CM24 8AR3
£390K03/210.46 mi13, Woodfields, Stansted, Essex CM24 8AL3
£340K10/200.46 mi57, Woodfields, Stansted, Essex CM24 8AL3
£300K04/210.47 mi53, Woodfields, Stansted, Essex CM24 8AL3
£340K12/200.48 mi46, Sunnyside, Stansted, Essex CM24 8AX3
£322K01/210.48 mi31, Sunnyside, Stansted, Essex CM24 8AU3
£702.5K09/220.5 mi47, Recreation Ground, Stansted, Essex CM24 8BD3
£570K11/200.5 mi7, Recreation Ground, Stansted, Essex CM24 8BD3
£590K02/210.51 mi56, Blythwood Gardens, Stansted, Essex CM24 8HH3
£375K07/210.52 mi7, Water Lane, Stansted, Essex CM24 8BJ3
£450K10/220.64 mi9, Stoneyfield Drive, Stansted, Essex CM24 8PA3
£326K02/210.64 mi7, Stoneyfield Drive, Stansted, Essex CM24 8PA3
£410K12/220.65 mi12, Maitland Road, Stansted, Essex CM24 8NU3
£397K01/230.65 mi16, Churchfields, Stansted, Essex CM24 8RJ3
£332K07/220.69 mi33, West Road, Stansted, Essex CM24 8NG3
£370K12/200.73 mi57, Mountfitchet Road, Stansted, Essex CM24 8NP3
£355K06/220.73 mi11, Stoney Common, Stansted, Essex CM24 8NF3

Local Rents

50 rents from £550/mo to £3.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,75012/240.05 miHargrave Close, Stansted4
£1,00012/240.07 miGilbey Crescent, Stansted, Essex, CM243
£1,05012/240.11 miThe Campions, Stansted Mountfitchet.1
£55012/240.12 miRoom 4 At The Laurels, 84 St Johns Road, Stansted, Essex, CM241
£1,75012/240.27 miCambridge Road, Stansted, Essex, CM242
£1,30011/230.29 mi-3
£1,10012/240.34 miThe Mews, High Lane,Stansted,CM241
£1,10012/240.34 miThe Mews, High Lane, Stansted, CM241
£1,20012/240.34 miHermitage House, Bentfield Road, Stansted, Essex, CM242
£1,35012/240.39 miSt Stephens Court, Stansted, Essex, CM242
£1,50012/240.39 miSilver Street, Stansted, Essex, CM242
£3,50003/250.39 mi-5
£3,30003/240.39 mi-4
£1,99507/230.41 mi-4
£1,20012/240.42 miBakery Court, Stansted Mountfitchet.2
£1,20012/240.42 miBakery Court, Stansted, CM242
£3,60003/230.42 mi-2
£1,20007/230.42 mi-2
£1,25003/250.42 mi-2
£2,25012/240.43 miWoodfields, Stansted, Essex, CM244
£1,30012/240.43 miCastle Walk, Stansted Mountfitchet, CM242
£1,30012/240.43 miCastle Walk, Stansted Mountfitchet, CM242
£1,60003/250.44 mi-2
£1,25012/240.44 miSilver Street, Stansted Mountfitchet, CM243
£1,05012/240.44 miSpencer House, Stansted Mountfitchet, CM242
£1,07512/240.44 miSilver Street, Stansted, CM242
£1,40009/230.47 mi-2
£1,50012/240.6 miEastfields Stables, Elsenham, CM242
£1,50012/240.6 miEastfield Stables, Elsenham, CM242
£1,50012/240.6 miEastfield Stables, Elsenham, CM242
£1,30012/240.61 miBrook Road, Stansted, Essex, CM243
£1,50012/240.78 miBrook View, Stansted, Essex, CM243
£1,39507/240.79 mi-2
£1,25012/240.79 miRochford Close, Stansted, Essex, CM242
£82512/240.79 miPines Hill, Stansted, CM241
£82512/240.79 miPines Hill, Stansted, CM241
£1,00012/240.79 miPines Hill, Stansted, CM242
£82512/240.79 miPines Hill, Stansted, CM241
£82512/240.79 miPines Hill, Stansted, CM241
£1,10012/240.8 miManor Road, Stansted, CM242
£1,50012/240.88 miMay Walk, Elsenham Road2
£1,50012/240.88 miElsenham Road, Stansted2
£1,70012/240.96 mi-4
£2,35012/240.99 miWalson Way, Stansted, Essex, CM245
£1,20012/241.27 miHazel End, Farnham2
£1,15012/241.44 miGold Close, Elsenham2
£1,50001/251.52 mi-3
£1,30003/241.55 mi-2
£1,30012/241.55 miOziers, Elsenham, Bishop's Stortford, CM222
£1,99512/241.58 miBradley Common, CM234

Local Area Statistics

Population in CM24

6,736

Population in Stansted

6,752

Town centre distance

0.39 miles away

Nearest school

0.10 miles away

Nearest train station

0.53 miles away

 

 

Rental growth (12m)

-29%

Sales demand

Balanced market

Property History

Listed for £425,000

September 26, 2023

Floor Plans

Description

  • Offered with No Onward Chain +
  • Could benefit from some modernisation +
  • Within a popular residential area +
  • Two reception rooms and a kitchen +
  • Three double bedrooms and family bathroom +
  • Extensive rear garden +
  • Garage and driveway +
  • EPC Band D / Council Tax Band D +

Within a popular residential location this three bedroom family home could benefit from some modernisation and is offered with No Onward Chain.

Stansted Mountfitchet is one of the best served villages in the whole area, with its mainline train station between London Liverpool Street and Cambridge, easy access to the M11 and Stansted Airport, and served by Tesco Express and Co-Op convenience stores, Pubs, Bars and Restaurants, two pharmacies, a doctors and a dentists and several other independent shops, as well as a selection of primary schools, a secondary school and further choice in Bishops Stortford just a short drive away.

With a single storey extension to the rear of the property and arranged over two floors, the accommodation in this mid terrace property comprises; entrance hall with cloakroom, sitting room with fireplace, dining room with patio doors to the rear, fitted kitchen with a mix of units and a door to the garden and personal door to the garage. Stairs to the first floor access three double bedrooms and a family bathroom with four piece suite. The principal bedroom benefits from built in wardrobes.

Immediately to the rear of the property is a decked entertainment area, steps lead to the garden which is laid to lawn with established planting, a large summer house and access to an additional gated garden (currently set up as an allotment area). A personal door from the garden accesses the garage. To the front of the property the garden is laid to gravel; a single garage and driveway.

Agent Details

Russell Property, Stansted Mountfitchet

01279 976902

Next Steps?

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