4 Bed HMO, Bishop's Stortford, CM22 6PT, £330,000

2 Coopers Villas, Coopers End, Takeley, Bishop's Stortford, Hertfordshire, CM22 6PT - 13 views - 8 months ago

Sold STC

Auction

HMO

Refurb/BRRR

ROI: 4%

107 m²

+12 photos

ValuationUndervalued

Sold Prices	£435K - £840K
Sold Prices/m²	£2.6K/m² - £7.6K/m²

Square Metres	107 m²
Price/m²	£3.1K/m²
Value Estimate	£339,900£339,900
BMV	3%

End Value (After Refurb)	£441,140£441,140
Uplift in Value	+34%+34%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£82,500£82,500
Stamp Duty & Legal Fees	£15,100£15,100
Refurb Costs	£51,544£51,544
Bridging Loan Interest	£8,663£8,663
Total Cash In	£159,557£159,557

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£441,140£441,140
Agent Fees (1%)	£4,411£4,411
Bridging Loan	£247,500£247,500
Bridging Loan Interest	£8,663£8,663
Flip Profit	£29,672£29,672

Local Sold Prices

21 sold prices from £435K to £840K, average is £580K. £2.6K/m² to £7.6K/m², average is £4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£840K	03/21	0.94 mi	Millers, Cooks Hill, Takeley, Bishop's Stortford, Essex CM22 6QL	-	-	4	Detached House
£592K	11/22	0.96 mi	The Grange, Bambers Green, Takeley, Bishop's Stortford, Essex CM22 6PF	£2,596	228	4	Detached House
£500K	01/23	0.97 mi	Cintra, Brewers End, Takeley, Bishop's Stortford, Essex CM22 6QJ	£7,587	66	4	Detached House
£500K	10/20	0.97 mi	Campeys, Brewers End, Takeley, Bishop's Stortford, Essex CM22 6QJ	£2,857	175	4	Semi-Detached House
£745K	06/21	0.97 mi	The Chalet, Brewers End, Takeley, Bishop's Stortford, Essex CM22 6QJ	£3,840	194	4	Detached House
£600K	03/21	1.1 mi	Apton Cottage, The Street, Takeley, Bishop's Stortford, Essex CM22 6QU	£3,487	172	4	Detached House
£490K	03/23	1.12 mi	14, St Valery, Takeley, Bishop's Stortford, Essex CM22 6RY	£4,455	110	4	Detached House
£450K	10/20	1.12 mi	21, St Valery, Takeley, Bishop's Stortford, Essex CM22 6RY	£3,020	149	4	Detached House
£470K	07/21	1.12 mi	6, Elm Close, Takeley, Bishop's Stortford, Essex CM22 6SF	£4,123	114	4	Detached House
£580K	08/22	1.13 mi	29, Hawthorn Close, Takeley, Bishop's Stortford, Essex CM22 6SD	£5,743	101	4	Semi-Detached House
£470K	12/22	1.15 mi	3, St Valery, Takeley, Bishop's Stortford, Essex CM22 6RY	-	-	4	Detached House
£600K	03/23	1.24 mi	Kambria, Jacks Lane, Takeley, Bishop's Stortford, Essex CM22 6NT	£4,196	143	4	Detached House
£525K	02/21	1.26 mi	1, Saffron Way, Little Canfield, Dunmow, Essex CM6 1HF	£3,662	143	4	Detached House
£605K	11/22	1.28 mi	1, Colemans Close, Little Canfield, Dunmow, Essex CM6 1TS	£4,231	143	4	Detached House
£610K	03/23	1.32 mi	16, Broadfield Road, Takeley, Bishop's Stortford, Essex CM22 6SR	£5,865	104	4	Detached House
£580K	03/21	1.33 mi	Wayside, Dunmow Road, Takeley, Bishop's Stortford, Essex CM22 6SL	-	-	4	Detached House
£485K	01/21	1.36 mi	37, Bennet Canfield, Little Canfield, Dunmow, Essex CM6 1YE	£4,533	107	4	Detached House
£435K	12/22	1.36 mi	7a, Bennet Canfield, Little Canfield, Dunmow, Essex CM6 1YE	£3,941	110	4	Semi-Detached House
£630K	12/20	1.51 mi	Tree Tops, Dunmow Road, Little Canfield, Dunmow, Essex CM6 1TA	£3,043	207	4	Detached House
£630K	12/22	1.52 mi	3, Warwick Road, Little Canfield, Dunmow, Essex CM6 1GB	£4,667	135	4	Detached House
£509K	04/21	1.66 mi	Home Farm Cottage, Gaunts End, Elsenham, Bishop's Stortford, Essex CM22 6DR	£3,662	139	4	Detached House

Local Area Statistics

Population in CM22	13,71213,712
Population in Bishop's Stortford	54,08854,088
Town centre distance	4.12 miles away4.12 miles away
Nearest school	1 miles away1 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental growth (12m)	+4%+4%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £330,000

July 3, 2024

Floor Plans

Description

Freehold +
By appointment with the auctioneer +

SOLD BY PUBLIC AUCTION ON THURSDAY 25TH JULY 2024

BUY TO LET INVESTMENT/REFURBISHMENT: A VACANT FREEHOLD FOUR BEDROOM SEMI DETACHED CLOSE TO STANSTED AIRPORT IN NEED OF SOME IMPROVEMENT .
A vacant freehold, double fronted, four bedroom semi detached house with detached single garage in need of some modernisation and improvement. The property is located within close proximity to Stansted Airport. It is considered that the improved property would make a popular buy to let investment opportunity or home for owner occupation.
Entrance Hall 7'9 x 5'8
Lounge 25'6 x 11'8
Kitchen 19'3 > 10'4 x 15'7 > 9'5
Utility Room 8'8 x 8'2
Bedroom One 10'6 x 9'7
Bedroom Two 10'8 x 7'7
Bedroom Three 11'8 x 5'9
Bedroom Four 10'7 x 7'5
Bathroom/WC 8'0 x 6'1

It is considered that the property may suit buy to let investment as either a single AST or a house of multiple occupancy subject to the relevant permissions.
E

Agent Details

Dedman Gray Auction, Essex

01702 311010

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