5 Bed Detached House, Refurb/BRRR, Chelmsford, CM2 0BA, £550,000

Upper Bridge Road, Chelmsford, Essex, CM2 0BA - 13 views - 10 months ago

Sold STC
Refurb/BRRR
~178 m²
+13 photos

ValuationFair Value

Sold Prices£246K - £1.6M
Sold Prices/m²£3.3K/m² - £9K/m²

 

 

Square Metres

~178.28 m²
Price/m²£3.1K/m²

Value Estimate

£561,000

 

 

End Value (After Refurb)

£713,368

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£87,171

Bridging Loan Interest

£14,438

Total Cash In

£273,558

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£713,368

Agent Fees (1%)

£7,134

Bridging Loan

£412,500

Bridging Loan Interest

£14,438

Flip Profit

£20,176

Local Sold Prices

43 sold prices from £246K to £1.6M, average is £710K. £3.3K/m² to £9K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£715K12/200.14 mi6, Phoenix Grove, Chelmsford, Essex CM2 9BN5
£860K10/210.16 mi5, York Road, Chelmsford, Essex CM2 0AH5
£787K09/210.21 mi112, Moulsham Street, Chelmsford, Essex CM2 0JN5
£916.5K10/210.24 mi167, New London Road, Chelmsford, Essex CM2 0AE5
£615K02/210.35 mi86, Vicarage Road, Chelmsford, Essex CM2 9PH5
£705K06/210.38 mi140, Vicarage Road, Chelmsford, Essex CM2 9BT5
£550K11/200.45 mi9, Widford Grove, Chelmsford, Essex CM2 9AT5
£246K03/230.73 mi21, Nabbott Road, Chelmsford, Essex CM1 2SW5
£1.3M02/210.97 mi46, Maltese Road, Chelmsford, Essex CM1 2PA5
£850K06/211.01 mi2b, Fitzwalter Place, Chelmsford, Essex CM1 2LX5
£900K12/201.04 mi3, Park Avenue, Chelmsford, Essex CM1 2AB5
£405K01/211.06 mi71, Ash Grove, Chelmsford, Essex CM2 9JT5
£860K04/211.06 mi9, Westfield Avenue, Chelmsford, Essex CM1 1SF5
£510K11/201.09 mi39, Goodwin Close, Chelmsford, Essex CM2 9GX5
£630K02/231.11 mi1, Bawden Way, Chelmsford, Essex CM2 9GY5
£505K05/231.14 mi6, Robin Way, Chelmsford, Essex CM2 8AS5
£710K11/201.14 mi1, Acres End, Chelmsford, Essex CM1 2XR5
£602.5K09/211.16 mi8, St Fabians Drive, Chelmsford, Essex CM1 2PR5
£867.3K12/221.2 mi2, Honeypots, Chelmsford, Essex CM2 9ST5
£495K06/211.25 mi195, Beehive Lane, Chelmsford, Essex CM2 9SH5
£850K05/231.28 mi2, Highfield Road, Chelmsford, Essex CM1 2NQ5
£790K06/211.33 mi682, Galleywood Road, Chelmsford, Essex CM2 8BY5
£930K06/211.4 mi12, Dalrymple Close, Chelmsford, Essex CM1 7RF5
£740K03/231.41 mi93, Chignal Road, Chelmsford, Essex CM1 2JA5
£795K01/211.44 mi62, Telford Place, Chelmsford, Essex CM1 7QZ5
£690K06/231.44 mi37, Telford Place, Chelmsford, Essex CM1 7QZ5
£1.6M01/231.47 miFairfield, Mounthill Avenue, Chelmsford, Essex CM2 6DB5
£622K01/211.48 mi33, Telford Place, Chelmsford, Essex CM1 7QZ5
£625K04/211.53 mi62, Third Avenue, Chelmsford, Essex CM1 4EY5
£950K01/231.57 mi16a, Green Close, Chelmsford, Essex CM1 7SL5
£733.5K05/231.62 mi11, Redgates Place, Chelmsford, Essex CM2 6BG5
£650K02/211.63 mi32, The Drive, Chelmsford, Essex CM1 4JS5
£630K04/211.68 mi8, Britten Crescent, Chelmsford, Essex CM2 7EP5
£835K11/221.72 miVivilla, Pitt Chase, Great Baddow, Chelmsford, Essex CM2 8EE5
£625K02/211.76 mi3, Walters Close, Chelmsford, Essex CM2 8NU5
£582K12/201.8 mi12, Lyon Close, Chelmsford, Essex CM2 8NY5
£771.4K02/231.8 mi113, Ongar Road, Writtle, Chelmsford, Essex CM1 3ND5
£1.1M03/231.81 mi23, High Street, Great Baddow, Chelmsford, Essex CM2 7HW5
£681K09/211.88 mi51, Torquay Road, Chelmsford, Essex CM1 7NX5
£525K06/231.92 mi7, Roughtons, Chelmsford, Essex CM2 8PE5
£850K07/231.95 mi2, The Cedars, Chelmsford, Essex CM2 6BL5
£580K01/211.96 mi32, Howard Drive, Chelmsford, Essex CM2 6PE5
£520K02/211.98 mi100, Cannon Leys, Chelmsford, Essex CM2 8PD5

Local Rents

40 rents from £1.4K/mo to £4.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65002/240.03 mi-3
£1,72503/250.03 mi-3
£2,20004/240.1 miRookes Crescent, CHELMSFORD5
£3,00004/250.14 mi-4
£1,89504/240.14 miParkinson Drive, Chelmsford4
£1,75005/240.15 miParkinson Drive, Chelmsford, CM1 3GU3
£1,55004/240.2 mi-3
£1,55004/240.2 miUpper Bridge Road, Chelmsford, CM23
£2,69504/240.21 miMoulsham Street, CM24
£1,55003/250.21 mi-3
£1,69505/240.29 miRedcliffe Road, CHELMSFORD3
£1,69512/240.29 miRedcliffe Road, CHELMSFORD3
£1,85003/240.37 miWrittle Road, Chelmsford, CM13
£3,20004/240.38 miVicarage Road, CHELMSFORD4
£1,65003/240.44 miMews Court, Chelmsford, CM2 9PF3
£1,35003/240.45 miHayes Close, Chelmsford, CM23
£1,75004/240.49 miHamlet Road, Chelmsford, CM24
£2,40004/240.49 miPrykes Drive, Chelmsford, Essex, CM14
£1,90002/240.49 mi-3
£4,50002/240.5 mi-3
£4,50003/240.5 mi-3
£4,50004/250.5 mi-3
£2,00004/240.51 miGrace Bartlett Gardens, Chelmsford, CM23
£2,00004/240.51 miGrace Bartlett Gardens, Chelmsford, CM23
£2,00004/240.51 mi-3
£2,20003/250.51 mi-3
£1,80003/240.52 miGrove Road, Chelmsford3
£1,55002/250.53 mi-3
£4,50003/240.54 mi-3
£4,50002/250.54 mi-3
£1,75005/240.55 miBouverie Road, Chelmsford, CM23
£1,75003/240.56 miBouverie Road, Chelmsford, CM23
£1,75001/250.57 mi-3
£1,75002/250.57 mi-3
£3,00012/240.57 mi-5
£1,80004/240.6 miCoval Lane, Chelmsford3
£1,80004/240.62 miCoval Lane3
£1,80004/240.62 mi-3
£1,80004/240.62 miCoval Lane, Chelmsford, CM13
£1,69503/240.62 miManor Road, Old Moulsham3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

0.76 miles away

Nearest school

0.10 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £550,000

June 11, 2024

Floor Plans

Description

  • Five bedroom detached +
  • Double garage to the rear +
  • Off road parking +
  • 0.7 mile to Chelmsford station reference google maps +
  • No onward chain +

Guide price £550,000 to £575,000.
Previously marketed at £595,000.
An excellent opportunity to purchase this five-bedroom detached property. The family home is situated in the popular area of Old Moulsham and is being offered with no onward chain. The accommodation comprises of five bedrooms over three levels, benefitting from two reception rooms and a conservatory on the ground floor, kitchen area with separate bathroom. There is also a unique additional pond room to the rear of the property which could be used as another reception area/garden room. The first floor has three bedrooms with a separate bathroom. The top floor has the remaining two bedrooms and storage area. To the side of the property there is a driveway, this has gates leading through to a spacious hard standing courtyard area and this is further enhanced by having a double garage/ workshop to the rear. The accommodation is in need of some updating but would make an ideal family home. An early viewing of the property is strongly recommended.

Upper Bridge Road is positioned within close proximity of Chelmsford City centre offering the use of numerous bars, restaurants, shops and local amenities. Chelmsford station is also within close proximity providing National Rail services into Central London, including London Liverpool Street in approximately thirty-five minutes.

Agent Details

Abbotts, Chelmsford

01245 945062

Next Steps?

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