4 Bed Semi-Detached House, Refurb/BRRR, Chelmsford, CM2 7NY, £430,000

4 Copland Close, Chelmsford, Essex, CM2 7NY - 4 views - a year ago

Refurb/BRRR
ROI: 1%
112 m²
+15 photos

ValuationFair Value

Sold Prices£350K - £910K
Sold Prices/m²£2.8K/m² - £12.8K/m²

 

 

Square Metres

112 m²
Price/m²£3.8K/m²

Value Estimate

£434,300

 

 

End Value (After Refurb)

£441,412

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£107,500

Stamp Duty & Legal Fees

£23,100

Refurb Costs

£54,762

Bridging Loan Interest

£11,288

Total Cash In

£198,400

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£441,412

Mortgage (After Refinance)

£331,059

Mortgage LTV

75%

Cash Released

£8,559

Cash Left In

£189,841

Equity

£110,353

Rent Range

£1,500 - £2,900

Rent Estimate

£1,920

Running Costs/mo

£1,783

Cashflow/mo

£137

Cashflow/yr

£1,639

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £350K to £910K, average is £561.3K. £2.8K/m² to £12.8K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£540K03/210.08 mi6, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE4
£545K06/210.13 mi21, Oldbury Avenue, Chelmsford, Essex CM2 7ED4
£585K08/210.17 mi45, Longfield Road, Chelmsford, Essex CM2 7QH4
£630K02/210.22 mi3, Britten Crescent, Chelmsford, Essex CM2 7EP4
£910K12/220.23 mi3, Lodge Avenue, Chelmsford, Essex CM2 7EA4
£530K03/210.24 mi32, Chelmer Lea, Chelmsford, Essex CM2 7QG4
£637K08/210.3 mi412, Baddow Road, Chelmsford, Essex CM2 9RB4
£650K02/210.31 mi26, Tabors Avenue, Chelmsford, Essex CM2 7ES4
£650K12/200.31 mi423, Baddow Road, Chelmsford, Essex CM2 7QL4
£432K03/210.35 mi24, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UQ4
£580K03/210.38 mi2, Buckleys, Chelmsford, Essex CM2 7DY4
£455K12/200.38 mi8, Buckleys, Chelmsford, Essex CM2 7DY4
£500K06/210.4 mi13, Canford Close, Chelmsford, Essex CM2 9RG4
£485K03/210.41 mi47, Tyrells Way, Great Baddow, Chelmsford, Essex CM2 7DP4
£350K03/210.43 mi36, Meadgate Avenue, Chelmsford, Essex CM2 7LQ4
£525K12/220.43 mi32, Riffhams Drive, Great Baddow, Chelmsford, Essex CM2 7DD4
£450K04/230.45 mi105, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EZ4
£625K11/200.45 mi34, Chelmerton Avenue, Chelmsford, Essex CM2 9RF4
£505K02/210.45 mi44, Chelmerton Avenue, Chelmsford, Essex CM2 9RF4
£535K03/210.49 mi29, Winchelsea Drive, Chelmsford, Essex CM2 9TL4
£557.5K01/230.53 mi107, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EZ4
£500K06/210.54 mi6, Bawden Way, Chelmsford, Essex CM2 9GY4
£655K03/210.55 mi9, Bramley Place, Chelmsford, Essex CM2 9TF4
£475K02/210.56 mi3, Dorset Avenue, Chelmsford, Essex CM2 9TZ4
£445K12/220.56 mi20, Rosseter Close, Chelmsford, Essex CM2 9GL4
£652K06/230.56 mi13, Walford Place, Chelmsford, Essex CM2 6PG4
£512.5K12/200.56 mi22, Walford Place, Chelmsford, Essex CM2 6PG4
£543K01/230.57 mi24, Fawkner Close, Chelmsford, Essex CM2 6UP4
£475K11/200.59 mi13, Fawkner Close, Chelmsford, Essex CM2 6UP4
£565K05/230.61 mi6, Byron Road, Chelmsford, Essex CM2 6EP4
£505K09/210.62 mi2, New Road, Great Baddow, Chelmsford, Essex CM2 7QT4
£465K09/210.63 mi12, St Marys Close, Great Baddow, Chelmsford, Essex CM2 8EQ4
£630K11/200.63 mi11, Avenue Road, Chelmsford, Essex CM2 9TY4
£600K11/200.64 mi28, Avenue Road, Chelmsford, Essex CM2 9TY4
£610K04/230.65 mi13, Dolby Rise, Chelmsford, Essex CM2 6XQ4
£690K05/230.66 mi4, Howard Drive, Chelmsford, Essex CM2 6PE4
£680K01/230.66 mi22, Howard Drive, Chelmsford, Essex CM2 6PE4
£732K02/210.66 mi27, Galleywood Road, Great Baddow, Chelmsford, Essex CM2 8DH4
£410K02/210.67 mi24, Pearl Square, Chelmsford, Essex CM2 9FP4
£462.8K03/210.67 mi13, Greenwood Close, Chelmsford, Essex CM2 6PW4
£742K08/210.67 mi17, Curzon Way, Chelmsford, Essex CM2 6PF4
£476.5K01/210.68 mi6, Gunson Gate, Chelmsford, Essex CM2 9NZ4
£625K08/230.69 mi5, Van Diemans Lane, Chelmsford, Essex CM2 9QJ4
£595K03/210.7 mi5, Van Diemans Lane, Chelmsford, Essex CM2 9QJ4
£772.5K09/210.7 mi68, Beehive Lane, Chelmsford, Essex CM2 9RX4
£595K03/210.7 mi118, Pollards Green, Chelmsford, Essex CM2 6UL4
£790K09/210.73 mi20, Church Street, Great Baddow, Chelmsford, Essex CM2 7HZ4
£435K04/210.73 mi40, Baden Powell Close, Great Baddow, Chelmsford, Essex CM2 7GA4
£725K02/230.74 mi1, Sandford Mill Road, Chelmsford, Essex CM2 6NS4
£625K04/210.74 mi23, Sandford Mill Road, Chelmsford, Essex CM2 6NS4

Local Rents

12 rents from £1.5K/mo to £2.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,55012/240.24 miMeadgate Avenue, Chelmsford3
£2,65004/240.27 miBaddow Road, Chelmsford, Essex, CM24
£2,30002/240.41 mi-3
£2,90004/240.42 miLongmead Avenue, Chelmsford, CM2 7EY4
£1,65004/240.43 miRiffhams Drive, Great Baddow, Chelmsford, CM24
£1,55003/240.46 miGerard Gardens, Great Baddow3
£1,89504/240.54 miGoodwin Close, CHELMSFORD3
£1,55004/240.54 miDorset Avenue, CHELMSFORD3
£1,65004/240.54 mi-3
£1,55001/250.55 mi-3
£2,10004/250.56 mi-4
£1,50004/240.6 miShelley Road, Chelmsford, Essex, CM23

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.66 miles away

Nearest school

0.10 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £430,000

January 30, 2024

Sold for £230,000

2008

Sold for £134,500

2000

Floor Plans

Description

  • FOUR BEDROOM SEMI DETACHED +
  • IN NEED OF SOME GENERAL UPDATING AND MODERNISATION +
  • LOUNGE/DINER +
  • FITTED KITCHEN +
  • UTILITY AREA +
  • FAMILY ROOM +
  • BATHROOM WITH SEPARATE WC +
  • CUL-DE-SAC LOCATION +
  • NO ONWARD CHAIN +

Being in need of some general updating and modernisation, is this four bedroom semi-detached family home which comprises of a Lounge/Diner, Kitchen, Utility Area and a Family Room to the ground floor with four bedrooms, bathroom and separate wc to the first floor. The property further benefits from gas central heating via radiators, driveway for one vehicle, single integral garage and pleasant rear garden. The property is within easy reach of local shops, schools and amenities but for more comprehensive facilities to include main line railway services to London Liverpool Street Chelmsford City Centre can be found approximately 1.5 miles distance. NO ONWARD CHAIN. (Council Tax Band - D)

Agent Details

Balch Estate Agents, Chelmsford

01245 945488

Next Steps?

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