3 Bed Semi-Detached House, Refurb/BRRR, Halstead, CO9 3BS, £325,000

Falcon Square, Castle Hedingham, Halstead, CO9 3BS - 1 views - a year ago

Refurb/BRRR
~90 m²
+15 photos

ValuationOvervalued

Sold Prices£226K - £475K
Sold Prices/m²£2.7K/m² - £4.4K/m²

 

 

Square Metres

~89.50 m²
Price/m²£3.6K/m²

Value Estimate

£279,410

 

 

End Value (After Refurb)

£298,154

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£42,930

Bridging Loan Interest

£8,531

Total Cash In

£155,661

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£298,154

Mortgage (After Refinance)

£223,615

Mortgage LTV

75%

Cash Left In

£155,661

Equity

£74,538

Rent Range

£695 - £4,750

Rent Estimate

£1,243

Running Costs/mo

£1,200

Cashflow/mo

£43

Cashflow/yr

£512

ROI

0%

Gross Yield

5%

Local Sold Prices

32 sold prices from £226K to £475K, average is £290K. £2.7K/m² to £4.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£290K12/210.05 mi7, Church Lane, Castle Hedingham, Halstead, Essex CO9 3DA3
£345K12/200.09 mi34, St James Street, Castle Hedingham, Halstead, Essex CO9 3EW3
£283.5K01/210.18 mi21, Nunnery Street, Castle Hedingham, Halstead, Essex CO9 3DN3
£314K12/200.21 mi3, New Park, Castle Hedingham, Halstead, Essex CO9 3HH3
£262.5K11/200.24 mi19, Park Vale Close, Castle Hedingham, Halstead, Essex CO9 3DS3
£285K05/230.24 mi2, Park Vale Close, Castle Hedingham, Halstead, Essex CO9 3DS3
£240K11/200.24 mi7, Park Vale Close, Castle Hedingham, Halstead, Essex CO9 3DS3
£475K02/230.45 miBridgemead, 55, Station Road, Sible Hedingham, Halstead, Essex CO9 3QD3
£296K11/200.57 mi11, Station Road, Sible Hedingham, Halstead, Essex CO9 3QA3
£294.9K12/200.57 mi37, Station Road, Sible Hedingham, Halstead, Essex CO9 3QA3
£317.5K06/230.63 mi2, Yeldham Road, Sible Hedingham, Halstead, Essex CO9 3QJ3
£276.5K05/210.63 mi23, Yeldham Road, Sible Hedingham, Halstead, Essex CO9 3QJ3
£250K03/210.69 mi8, Charlton Close, Sible Hedingham, Halstead, Essex CO9 3QF3
£250K03/210.69 mi8, Charlton Close, Sible Hedingham, Halstead, Essex CO9 3QF3
£240K07/230.71 mi11, Oxford Meadow, Sible Hedingham, Halstead, Essex CO9 3QN3
£335K03/210.76 mi19, Hogarth Court, Sible Hedingham, Halstead, Essex CO9 3FA3
£255K10/200.78 mi15, Graysmead, Sible Hedingham, Halstead, Essex CO9 3NY3
£290K01/210.78 mi25, Graysmead, Sible Hedingham, Halstead, Essex CO9 3PA3
£360K08/210.8 mi3, Abbey Meadow, Sible Hedingham, Halstead, Essex CO9 3QS3
£290K11/210.82 mi27, Graysmead, Sible Hedingham, Halstead, Essex CO9 3PB3
£226K03/210.82 mi17, Brook Terrace, Sible Hedingham, Halstead, Essex CO9 3PS3
£298K06/210.82 mi2, Beech Grove, Sible Hedingham, Halstead, Essex CO9 3NZ3
£319.9K09/220.82 mi12, Brook Terrace, Sible Hedingham, Halstead, Essex CO9 3PS3
£248K02/210.82 mi4, Brook Terrace, Sible Hedingham, Halstead, Essex CO9 3PS3
£275K05/210.83 mi6, Brook Terrace, Sible Hedingham, Halstead, Essex CO9 3PS3
£377.5K09/210.84 mi19, Castle Meadow, Sible Hedingham, Halstead, Essex CO9 3PZ3
£350K09/210.88 mi139, Swan Street, Sible Hedingham, Halstead, Essex CO9 3PP3
£310K06/210.94 mi130, Swan Street, Sible Hedingham, Halstead, Essex CO9 3PR3
£245K04/210.95 mi12, Alexandra Road, Sible Hedingham, Halstead, Essex CO9 3ND3
£260K05/230.95 mi13, Alexandra Road, Sible Hedingham, Halstead, Essex CO9 3ND3
£245K03/210.96 mi23, Parkfields, Sible Hedingham, Halstead, Essex CO9 3NJ3
£325K06/230.98 mi26, Alexandra Road, Sible Hedingham, Halstead, Essex CO9 3NE3

Local Rents

26 rents from £695/mo to £4.8K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,89512/240.06 miCastle Hedingham, Halstead4
£99512/240.08 miCrown Street, Castle Hedingham2
£1,65002/250.11 mi-3
£1,29512/240.12 miBayley Street, Castle Hedingham, Halstead2
£1,05012/240.14 miPye Corner, Castle Hedingham3
£95012/240.45 miCastle Hedingham, Halstead, Essex2
£1,70001/250.46 mi-2
£1,79512/240.54 miCastle Hedingham, Halstead3
£90012/240.59 miNorman Close, CO92
£70001/250.74 mi-1
£1,30012/240.75 mi-3
£69512/240.79 miSwan Street, Sible Hedingham1
£77512/240.88 miSwan Street, Sible Hedingham, CO91
£89512/240.9 miSummerfields, Sible Hedingham2
£1,15012/240.98 miSwan Street, Sible Hedingham2
£1,15012/240.98 miSwan Street, Sible Hedingham3
£4,75012/241.46 mi-5
£85004/241.48 mi-1
£85002/241.48 mi-1
£85012/241.48 mi-1
£85012/241.48 miBraintree Road, Sible Hedingham, Halstead, CO91
£99512/241.64 mi-1
£99503/251.66 mi-1
£99509/231.77 mi-1
£1,10012/242.06 miCherry Lane, Great Yeldham, HALSTEAD2
£1,20012/242.29 miCarleton Close, Great Yeldham3

Local Area Statistics

Population in CO9

25,162

Town centre distance

3.68 miles away

Nearest school

0.30 miles away

Nearest train station

6.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+41%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Price changed to £325,000

January 3, 2025

Listed for £350,000

May 20, 2024

Floor Plans

Description

  • Positioned in the heart of Castle Hedingham +
  • Grade II Listed Cottage +
  • Inglenook Fireplace +
  • Two Character Reception Rooms +
  • Three Bedrooms +
  • No Onward Chain +
  • Brick Floors and Exposed Beams +
  • Courtyard Garden +
  • Close to Village Shop, Doctors and Pubs +
  • In need of some refurbishment +

New Price £325,000 to £350,000  - Quote Ref: DP0213 when requesting further details of this grade II listed three-bedroom cottage right in the heart of Castle Hedingham with some beautiful character features and details to include the inglenook fireplace and traditional brick flooring, this property is ideal for someone looking for a property to make their own in this historic village. The house is being offered with no onward chain and is in need of some light refurbishment but is a true gem and an exciting house to be owner of.  1 Falcon Square is an original 16th century dwelling with some late 18th century additions creating 3 forward gables of differing sizes and some impressive chimney stacks. The interiors have similar detailing with brick flooring and original brick-built fireplaces. As you come through the picket gate a path leads you to the entrance door where you enter the hallway and immediately notice the gorgeous brick flooring. There are openings to the sitting room at the front and the central dining room and passed the understairs cupboard you take the stairway up to the first floor. The sitting room is a generous sized room with two sash windows overlooking Flacon Square and a feature red brick fireplace with bressummer beam. The central room would make either a dining room or second reception to enjoy the impressive inglenook fireplace with bressummer beam and inset grate and hood. The room has an exposed brick floor and an 18-pane window looking out to the front garden area. Steps and a doorway lead up to the kitchen/breakfast room. This room has a traditional wood kitchen with a gas hob and extractor over, space for a fridge and freezer and a built-in double oven all with tiled splashback, a separate handmade unit has the butler sink with a traditional mixer tap and pull-out wicker basket storage, windows overlook two aspects of the garden and a 6-pane glazed door leads out to the courtyard. A door leads to the downstairs wc where an all-in-one low level flush wc and hand wash basing can be found and space for a washing machine with a cupboard over is visible. The boiler is in the roof space over the kitchen. On the first floor there is an l-shaped landing with doors leading to the three bedrooms and family bathroom and storage cupboard. Bedroom one has exposed floorboards and wall timbers and a set of built in wardrobes to one end, a window overlooks the courtyard. Bedroom Two again has exposed floorboards and some timber detailing and has a window overlooking Falcon Square itself. Bedroom Three is very much a single bedroom size with a lower height entrance doorway but still with exposed floorboards and views over Falcon Square and a vaulted style ceiling. The family bathroom is fitted with a three-piece suite to include a low level flush wc, hand wash basin and a panel enclosed bath with electric shower over, there is a heated towel rail and some exposed timbers and floorboards to continue the character.  Outside: To the south side of the property, you find both doorways to the property that firstly have the pathway leading to the front door and then a path leads through the planted and shrubbed area of the garden and then up to the brick paved courtyard. A low-level brick wall divides the garden and creates a front boundary to the courtyard and a higher wall gives privacy from the church yard. There is a timber framed shed.  Agents Note: This property is being offered with no onward chain and is in need of some light refurbishment.  Services: Mains Electricity. Gas fired heating. Mains Drainage. Braintree Council Tax Band D. There are County Broadband and BT Openreach Standard, Superfast and Ultrafast broadband connections available at his property.

Agent Details

eXp UK, South East

03304 609968

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