4 Bed Detached House, Planning Permission, Chelmsford, CM1 2NJ, £587,500

Beachs Drive, Chelmsford, CM1 2NJ - a year ago

Planning
~129 m²
+15 photos

ValuationFair Value

Sold Prices£347.5K - £1.1M
Sold Prices/m²£2.3K/m² - £13K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.5K/m²

Value Estimate

£591,002

 

 

End Value (After Refurb)

£595,518

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£146,875

Stamp Duty & Legal Fees

£35,700

Refurb Costs

£62,822

Bridging Loan Interest

£15,422

Total Cash In

£262,569

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£595,518

Mortgage (After Refinance)

£446,638

Mortgage LTV

75%

Cash Released

£6,013

Cash Left In

£256,555

Equity

£148,879

Rent Range

£650 - £3,000

Rent Estimate

£1,828

Running Costs/mo

£2,247

Cashflow/mo

£-419

Cashflow/yr

£-5,023

Gross Yield

4%

Local Sold Prices

48 sold prices from £347.5K to £1.1M, average is £567.5K. £2.3K/m² to £13K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£800K01/230 mi2b, Beachs Drive, Chelmsford, Essex CM1 2NJ4
£570K01/230 mi67, Beachs Drive, Chelmsford, Essex CM1 2NJ4
£610K12/220 mi41, Beachs Drive, Chelmsford, Essex CM1 2NJ4
£650K11/200.07 mi51, Roxwell Avenue, Chelmsford, Essex CM1 2NX4
£735K01/230.11 mi63, Roxwell Road, Chelmsford, Essex CM1 2LY4
£772K08/230.11 mi25, Roxwell Road, Chelmsford, Essex CM1 2LY4
£585K06/230.16 mi88, Roxwell Road, Chelmsford, Essex CM1 2NE4
£600K04/210.16 mi4, Fitzwalter Place, Chelmsford, Essex CM1 2LX4
£565K08/210.22 mi20, St James Park, Chelmsford, Essex CM1 2JG4
£645K02/210.24 mi11, Acres End, Chelmsford, Essex CM1 2XR4
£740K01/210.24 mi7, Acres End, Chelmsford, Essex CM1 2XR4
£905K03/210.28 mi26, Roxwell Road, Chelmsford, Essex CM1 2PP4
£460K04/210.31 mi70, Beeches Road, Chelmsford, Essex CM1 2RX4
£615K05/210.33 mi55, Chignal Road, Chelmsford, Essex CM1 2JA4
£560K01/210.37 mi1, Pines Road, Chelmsford, Essex CM1 2EY4
£725K12/220.38 mi43, Chignal Road, Chelmsford, Essex CM1 2JA4
£925K11/200.38 mi84, Chignal Road, Chelmsford, Essex CM1 2JB4
£407K12/200.46 mi5, St Peters Road, Chelmsford, Essex CM1 2SR4
£515K03/210.49 mi28, St Catherines Road, Chelmsford, Essex CM1 2SP4
£450K06/230.52 mi7, Priory Close, Chelmsford, Essex CM1 2SY4
£450K04/230.58 mi22, Ashtree Crescent, Chelmsford, Essex CM1 2RP4
£571K12/200.61 mi115, Waterhouse Lane, Chelmsford, Essex CM1 2RY4
£450K03/210.61 mi113, Waterhouse Lane, Chelmsford, Essex CM1 2RY4
£385K12/200.62 mi86, Trent Road, Chelmsford, Essex CM1 2LQ4
£612.5K02/210.63 mi81, Ridgewell Avenue, Chelmsford, Essex CM1 2GF4
£352.5K06/210.65 mi21, Cherwell Drive, Chelmsford, Essex CM1 2JJ4
£423K08/230.75 mi57, Coval Lane, Chelmsford, Essex CM1 1TG4
£347.5K11/200.75 mi57, Coval Lane, Chelmsford, Essex CM1 1TG4
£820K12/220.81 mi16, Westfield Avenue, Chelmsford, Essex CM1 1SF4
£405K11/200.82 mi3, Rossendale, Chelmsford, Essex CM1 2UA4
£430K06/210.82 mi14, Rossendale, Chelmsford, Essex CM1 2UA4
£740K03/210.83 mi4, Westfield Avenue, Chelmsford, Essex CM1 1SF4
£845K01/210.83 mi15, Westfield Avenue, Chelmsford, Essex CM1 1SF4
£740K03/210.83 mi4, Westfield Avenue, Chelmsford, Essex CM1 1SF4
£925K07/230.84 mi1, Lawford Lane, Writtle, Chelmsford, Essex CM1 3EA4
£835K06/210.84 mi2, Guys Farm, Writtle, Chelmsford, Essex CM1 3GA4
£1.1M11/210.84 mi4, Guys Farm, Writtle, Chelmsford, Essex CM1 3GA4
£465K04/210.88 mi46, Writtle Road, Chelmsford, Essex CM1 3BU4
£448.6K04/210.89 mi72, Longacre, Chelmsford, Essex CM1 3BJ4
£505K09/210.89 mi1, Longacre, Chelmsford, Essex CM1 3BJ4
£545K06/230.89 mi82, Longacre, Chelmsford, Essex CM1 3BJ4
£460K07/230.94 mi13, Crushton Place, Chelmsford, Essex CM1 4WH4
£440K04/210.94 mi77, Parkinson Drive, Chelmsford, Essex CM1 3GU4
£440K01/230.96 mi44, Parkinson Drive, Chelmsford, Essex CM1 3GH4
£460K03/230.98 mi25, Partridge Avenue, Chelmsford, Essex CM1 4JG4
£535K04/210.98 mi45, Partridge Avenue, Chelmsford, Essex CM1 4JG4
£725K05/210.99 mi38, The Green, Writtle, Chelmsford, Essex CM1 3DU4
£480K12/200.99 mi7, Wickfield Ash, Chelmsford, Essex CM1 4UT4

Local Rents

28 rents from £650/mo to £3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,67504/250.06 mi-3
£3,00003/250.13 mi-4
£1,70012/230.16 mi-3
£1,70012/230.16 mi-3
£1,70003/240.21 mi-3
£1,80004/240.22 miChignal Road, Chelmsford3
£2,60007/240.25 mi-4
£2,15003/240.29 miSt Fabians Drive, Chelmsford, CM14
£2,15003/240.29 mi-4
£2,19503/250.29 mi-4
£2,15004/240.32 miSt. Fabians Drive, Chelmsford4
£2,15003/240.32 miSt. Fabians Drive, Chelmsford4
£2,15004/240.32 miSt. Fabians Drive, Chelmsford4
£2,39505/240.32 miSt. Fabians Drive, Chelmsford4
£65003/240.32 miSt. Fabians Drive, Chelmsford5
£2,35004/250.38 mi-3
£1,65001/240.47 mi-3
£1,70004/240.5 mi'The Hylands', Rainsford Road, CITY CENTRE, Chelmsford, CM1 2PD3
£1,80004/240.51 miDene Court, CHELMSFORD3
£1,80005/240.51 miDene Court, CHELMSFORD3
£1,45004/240.52 miPines Road, Chelmsford3
£1,45005/240.52 miPines Road, Chelmsford3
£1,55004/240.53 mi-3
£1,50002/250.53 mi-3
£1,55004/240.53 miThe Green, Chelmsford, CM13
£1,70012/240.61 mi-3
£1,45004/240.62 mi-3
£1,45003/240.62 miCanberra Close, Chelmsford, CM13

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.80 miles away

Nearest school

0.40 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £587,500

May 23, 2024

Floor Plans

Description

  • WEST SIDE OF CHELMSFORD +
  • FOUR BEDROOMS +
  • THREE RECEPTION ROOMS +
  • GOOD SIZE GARDEN +
  • DETACHED GARAGE +
  • UN-OVERLOOKED TO THE REAR +
  • WALKING DISTANCE OF STATION +
  • VIEWINGS RECOMMENDED +

GUIDE PRICE £587,500 to £612,500 An individually designed four bedroom detached family home located on the favoured west side of Chelmsford in a sought after road within walking distance of the City centre, mainline train station, parks and open-countryside. The property enjoys a good size plot with generous frontage, an un-overlooked rear garden measuring approximately 60ft in length, three receptions to the ground floor and four good sized bedrooms and bathroom to the first floor. The property, in our opinion and subject to the usual planning permissions, offers scope for extension and further parking to the front.

Entrance to the property leading through to

ENTRANCE HALL
Stairs that rise and turn to the first floor, under stairs cupboard, radiator, coved ceiling, doors to

SITTING ROOM 7.16m (23'6") x 3.35m (11'0")
Double glazed bay window to front, Minster fireplace, two radiators, coved ceiling, sliding glazed door leading to

GARDEN ROOM 3.00m (9'10") x 2.39m (7'10")
Double glazed window to side, double glazed patio doors overlooking and leading to rear garden, tiled flooring, radiator, coved ceiling.

DINING ROOM / SNUG 4.52m (14'10") x 3.76m (12'4") > 2.31m (7'7")
A good size 'L' shape room with double glazed bay window to front, further double glazed window to front, Yeoman balanced flue log-burner effect gas stove, wall cupboard housing two recently installed (October 2022) electrical Consumer Units, radiator, coved to ceiling, access to small loft area.

KITCHEN / BREAKFAST ROOM 3.96m (13'0") x 3.05m (10'0")
Double glazed window to rear, range of base and eye level units complemented by roll top work surface, inset one and a half bowl sink unit with mixer tap, built in stainless steel oven, four ring ceramic hob with cooker hood over, space for washing machine and dishwasher, tiled flooring, door to side, recently installed (December 2022) wall mounted Vaillant gas central heating boiler, walk-in larder cupboard with small external window.

FIRST FLOOR LANDING
Double glazed window to side, access to loft which is part boarded, doors to

BEDROOM ONE 3.48m (11'5") x 3.35m (11'0")
Double glazed window to front, radiator.

BEDROOM TWO 3.23m (10'7") x 3.05m (10'0")
Double glazed window to rear, radiator, airing cupboard with hot water storage cylinder and immersion heater.

BEDROOM THREE 3.96m (13'0") x 2.44m (8'0")
Double glazed window to front and further small double glazed window to side, built in bed with storage units under.

BEDROOM FOUR 3.07m (10'1") x 2.31m (7'7")
Two double glazed windows to side, radiator.

BATHROOM
Velux window to rear, modern white suite comprising panelled bath with mixer tap and separate shower over, shower screen to side, pedestal wash hand basin with mixer tap, low level w.c with concealed cistern, chrome style ladder radiator, part tiled walls.

DETACHED GARAGE 6.71m (22'0") x 2.95m (9'8")
Up and over door, light and power connected, personal door to side, window to rear. Attached out house 5'11" x 5' (1.80m x 1.52m) with light and power connected, separate door, window to side and rear.

GARDENS
To the front of the property there is a full width veranda and a generous front garden mostly laid to lawn with mature shrub borders offering off street parking with substantial potential for more. To the rear the property benefits from a mature, un-overlooked garden which is mostly laid to lawn with shrub borders, raised patio, concealed part-sunken Anderson shelter currently used for storage.

AGENTS NOTE
The current owners have replaced the roof on the front dormer with a high-tech membrane roof, which is still under guarantee.

Please be aware that should you be successful in having an offer accepted through Adrians, we are legally required by the HMRC to conduct AML (Anti-Money Laundering) Checks for compliance efforts. For this there is a non-refundable charge of £20.00 including VAT per person which will be invoice receipted for your records.

Agent Details

Adrians, Chelmsford

01245 945751

Next Steps?

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