4 Bed Detached House, Planning Permission, Chelmsford, CM2 8JB, £825,000

Vicarage Lane, Great Baddow, Chelmsford, CM2 8JB - a year ago

Sold STC
Planning
~129 m²
+19 photos

ValuationOvervalued

Sold Prices£325K - £910K
Sold Prices/m²£2.8K/m² - £12.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£6.4K/m²

Value Estimate

£534,561

 

 

End Value (After Refurb)

£666,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£206,250

Stamp Duty & Legal Fees

£71,200

Refurb Costs

£63,200

Bridging Loan Interest

£21,656

Total Cash In

£364,056

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£666,250

Mortgage (After Refinance)

£499,688

Mortgage LTV

75%

Cash Left In

£364,056

Equity

£166,563

Rent Range

£1,550 - £2,900

Rent Estimate

£2,007

Running Costs/mo

£2,503

Cashflow/mo

£-496

Cashflow/yr

£-5,957

Gross Yield

3%

Local Sold Prices

50 sold prices from £325K to £910K, average is £500K. £2.8K/m² to £12.8K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£425K12/200.06 mi28, Pertwee Drive, Chelmsford, Essex CM2 8EA4
£875K06/210.1 mi68, Vicarage Lane, Great Baddow, Chelmsford, Essex CM2 8HY4
£455K12/220.11 mi27, Craiston Way, Chelmsford, Essex CM2 8ED4
£437K01/210.12 mi17, Pertwee Drive, Chelmsford, Essex CM2 8DY4
£395K09/210.14 mi18, Pertwee Drive, Chelmsford, Essex CM2 8DZ4
£732K02/210.22 mi27, Galleywood Road, Great Baddow, Chelmsford, Essex CM2 8DH4
£790K09/210.24 mi20, Church Street, Great Baddow, Chelmsford, Essex CM2 7HZ4
£465K09/210.3 mi12, St Marys Close, Great Baddow, Chelmsford, Essex CM2 8EQ4
£505K09/210.35 mi2, New Road, Great Baddow, Chelmsford, Essex CM2 7QT4
£374K03/230.43 mi51, Readers Court, Chelmsford, Essex CM2 8EX4
£557.5K01/230.49 mi107, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EZ4
£580K03/210.5 mi2, Buckleys, Chelmsford, Essex CM2 7DY4
£455K12/200.5 mi8, Buckleys, Chelmsford, Essex CM2 7DY4
£485K03/210.52 mi47, Tyrells Way, Great Baddow, Chelmsford, Essex CM2 7DP4
£450K04/230.54 mi105, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EZ4
£410K02/210.55 mi24, Pearl Square, Chelmsford, Essex CM2 9FP4
£460K09/210.57 mi37, Isaac Square, Great Baddow, Chelmsford, Essex CM2 7PP4
£650K12/200.58 mi423, Baddow Road, Chelmsford, Essex CM2 7QL4
£650K02/210.59 mi26, Tabors Avenue, Chelmsford, Essex CM2 7ES4
£525K12/220.6 mi32, Riffhams Drive, Great Baddow, Chelmsford, Essex CM2 7DD4
£480K08/210.62 mi1, Baddow Hall Crescent, Chelmsford, Essex CM2 7BY4
£625K11/200.63 mi34, Chelmerton Avenue, Chelmsford, Essex CM2 9RF4
£505K02/210.63 mi44, Chelmerton Avenue, Chelmsford, Essex CM2 9RF4
£500K03/230.65 mi37, Lambourne Chase, Chelmsford, Essex CM2 9FF4
£475K02/210.65 mi3, Dorset Avenue, Chelmsford, Essex CM2 9TZ4
£910K12/220.66 mi3, Lodge Avenue, Chelmsford, Essex CM2 7EA4
£630K02/210.67 mi3, Britten Crescent, Chelmsford, Essex CM2 7EP4
£637K08/210.67 mi412, Baddow Road, Chelmsford, Essex CM2 9RB4
£397.5K03/210.68 mi9, Gilmore Way, Chelmsford, Essex CM2 7AN4
£435K04/210.68 mi40, Baden Powell Close, Great Baddow, Chelmsford, Essex CM2 7GA4
£448K05/210.7 mi37, Duffield Road, Chelmsford, Essex CM2 9RY4
£535K03/210.71 mi29, Winchelsea Drive, Chelmsford, Essex CM2 9TL4
£655K03/210.72 mi9, Bramley Place, Chelmsford, Essex CM2 9TF4
£772.5K09/210.72 mi68, Beehive Lane, Chelmsford, Essex CM2 9RX4
£530K03/210.74 mi32, Chelmer Lea, Chelmsford, Essex CM2 7QG4
£500K06/210.75 mi13, Canford Close, Chelmsford, Essex CM2 9RG4
£585K08/210.75 mi45, Longfield Road, Chelmsford, Essex CM2 7QH4
£545K06/210.76 mi21, Oldbury Avenue, Chelmsford, Essex CM2 7ED4
£490K12/200.78 mi152, Maldon Road, Great Baddow, Chelmsford, Essex CM2 7DQ4
£630K11/200.82 mi11, Avenue Road, Chelmsford, Essex CM2 9TY4
£540K03/210.82 mi6, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE4
£600K11/200.83 mi28, Avenue Road, Chelmsford, Essex CM2 9TY4
£467K01/210.85 mi50, Honey Close, Chelmsford, Essex CM2 9SP4
£412K08/210.85 mi14, Honey Close, Chelmsford, Essex CM2 9SP4
£467.6K04/210.87 mi39, Honey Close, Chelmsford, Essex CM2 9SP4
£432K03/210.9 mi24, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UQ4
£445K12/220.92 mi20, Rosseter Close, Chelmsford, Essex CM2 9GL4
£325K06/210.92 mi60, Lucas Avenue, Chelmsford, Essex CM2 9JN4
£478K12/220.94 mi105, Lucas Avenue, Chelmsford, Essex CM2 9JP4
£523K06/210.95 miTouchdown, Pipers Tye, Chelmsford, Essex CM2 8NP4

Local Rents

11 rents from £1.6K/mo to £2.9K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,09503/240.06 miPertwee Drive, CM24
£2,00003/240.16 miGreenland Gardens, Galleywood Road, CM24
£1,89505/240.19 miGreenland Gardens, Great Baddow, CM23
£2,50004/240.27 miEastwood Park Great Baddow Chelmsford Essex4
£2,20004/240.27 miEastwood Park Great Baddow Chelmsford Essex4
£1,79505/240.37 miNoakes Avenue, CHELMSFORD3
£1,69510/230.44 miNoakes Avenue, Chelmsford, Essex, CM23
£2,90004/240.54 miLongmead Avenue, Chelmsford, CM2 7EY4
£1,55004/240.56 miDorset Avenue, CHELMSFORD3
£1,65004/240.6 miRiffhams Drive, Great Baddow, Chelmsford, CM24
£1,80011/240.6 mi-3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

2.34 miles away

Nearest school

0.40 miles away

Nearest train station

2.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £825,000

April 15, 2024

Floor Plans

Description

  • Detached Family Home +
  • Four Bedrooms +
  • 0.23 of an Acre (STLS) +
  • Sought After Location +
  • Garage and Driveway +
  • Planning Permission Granted for a Two Storey Wrap Around Extension and Single Storey Front Extension Ref No 24/00947/FUL +
  • Planning Permission Granted for a loft conversion with rear dormer and juliette balcony, internal alterations, floor plan redesign and all associated works Extension Ref No 24/01603/CLOPUD +
  • No Onward Chain +

Situated on the highly sought after road, offering huge potential on an established plot measuring 0.23 of an acre ( STLS) is this four bedroom, detached family home with the added benefit of planning permission grated for a single storey front extension and two storey wrap around extension, planning ref no 24/00947/FUL and additional planning granted for a loft conversion & Juliette balcony, planning ref no 24/01603/CLOPUD.  Accommodation is set over two floors and offers spacious, bright and airy configuration throughout. To the ground floor a spacious entrance hall provides access to two receptions rooms, shower room and a kitchen. The kitchen provides access to an inner hallway which provides access to a garage and utility area. To the first floor are four bedrooms and a family bathroom.  Externally the property sits on an established plot of 0.23 of an acre (STLS). To the front a long, graveled driveway provides access to a block paved driveway providing off road parking and access to the garage. There is a front lawn which has a selection of shrubs and trees to the borders. The rear garden is mainly laid to lawn with a selection of established trees, shrubs and hedges to the borders. Within the grounds are two timber sheds and summer house. The property is located to the South side of Chelmsford along the highly sought after Vicarage Lane, Great Baddow approximately 2.5 miles by road to Chelmsford's bustling city centre. Great Baddow offers a range of local amenities including a Post Office, library, butchers and public house and is well served for transport links with straight forward access to Chelmsford's city centre and the A130 which provides excellent access to the A12. Chelmsford’s city centre offers a wider range of shops, restaurants, and mainline railway station into London Liverpool Street (journey time approximately thirty five minutes). Educational facilities are well catered for with a number of highly regarded schools including; Great Baddow High School, Baddow Hall Infant and Junior School, Beehive Lane County Primary School, Meadgate County Primary Schools and Larkrise primary school. Further state, private and grammar schools can be found within Chelmsford.

Agent Details

Balch Estate Agents, Chelmsford

01245 945488

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪