4 Bed Detached House, Refurb/BRRR, Stansted, CM24 8AN, £375,000

Spencer Close, Stansted Mountfitchet, CM24 8AN - 18 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~89 m²
+10 photos

ValuationFair Value

Sold Prices£337.5K - £1.1M
Sold Prices/m²£2.1K/m² - £6.5K/m²

 

 

Square Metres

~89 m²
Price/m²£4.2K/m²

Value Estimate

£378,750

 

 

End Value (After Refurb)

£406,857

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£42,873

Bridging Loan Interest

£9,844

Total Cash In

£166,917

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£406,857

Mortgage (After Refinance)

£305,143

Mortgage LTV

75%

Cash Released

£23,893

Cash Left In

£143,024

Equity

£101,714

Rent Range

£1,000 - £3,750

Rent Estimate

£1,800

Running Costs/mo

£1,651

Cashflow/mo

£149

Cashflow/yr

£1,783

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £337.5K to £1.1M, average is £540K. £2.1K/m² to £6.5K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£370K02/230 mi22, Spencer Close, Stansted, Essex CM24 8AN4
£745K06/210.06 mi1, Sanders Close, Stansted, Essex CM24 8GY4
£740K06/210.08 mi55, Recreation Ground, Stansted, Essex CM24 8BD4
£850K07/220.1 mi55, Recreation Ground, Stansted, Essex CM24 8BD4
£660K11/200.1 mi45, Recreation Ground, Stansted, Essex CM24 8BD4
£337.5K02/210.12 mi11, Woodfields, Stansted, Essex CM24 8AL4
£417.5K05/220.12 mi11, Woodfields, Stansted, Essex CM24 8AL4
£465K05/210.14 mi26, Cambridge Road, Stansted, Essex CM24 8BZ4
£580K04/230.15 mi14, Millside, Stansted, Essex CM24 8BL4
£660K08/210.15 mi10, Millside, Stansted, Essex CM24 8BL4
£510K08/210.16 mi32, Blythwood Gardens, Stansted, Essex CM24 8HQ4
£487.5K05/210.18 mi16, Bentfield Gardens, Stansted, Essex CM24 8HJ4
£495K10/200.21 mi79, Brook Road, Stansted, Essex CM24 8BB4
£457K12/200.21 mi9a, Blythwood Gardens, Stansted, Essex CM24 8HG4
£667.1K06/210.21 mi13, Blythwood Gardens, Stansted, Essex CM24 8HG4
£457K12/200.21 mi9a, Blythwood Gardens, Stansted, Essex CM24 8HG4
£407.5K12/200.23 mi19, Cawkell Close, Stansted, Essex CM24 8JF4
£475K02/230.24 mi70, West Road, Stansted, Essex CM24 8NQ4
£481.5K08/210.24 mi7, Old Bell Close, Stansted, Essex CM24 8JJ4
£630K12/200.25 mi24, Old Bell Close, Stansted, Essex CM24 8JJ4
£410K03/210.27 mi4, Stoneyfield Drive, Stansted, Essex CM24 8PA4
£492K10/220.28 mi57, Bentfield Gardens, Stansted, Essex CM24 8JE4
£487K06/210.28 mi51, Bentfield Gardens, Stansted, Essex CM24 8JE4
£595K06/210.29 mi64, St Johns Road, Stansted, Essex CM24 8JS4
£820K03/210.29 miBracken House, Brewery Lane, Stansted, Essex CM24 8LB4
£790K04/210.29 mi50a, St Johns Road, Stansted, Essex CM24 8JS4
£1.1M06/210.3 mi5, Park Road, Stansted, Essex CM24 8PB4
£510K02/230.32 mi34, Maitland Road, Stansted, Essex CM24 8NU4
£625K12/200.32 mi27, Bentfield Causeway, Bentfield End, Stansted, Essex CM24 8HU4
£1.0M09/220.32 mi25, Bentfield Road, Stansted, Essex CM24 8HP4
£715K10/220.32 miThe Hollies, Brewery Lane, Stansted, Essex CM24 8LB4
£690K02/230.39 mi16, Loates Pasture, Stansted, Essex CM24 8JH4
£378.5K06/210.4 mi10, Brook View, Stansted, Essex CM24 8ES4
£550K12/200.41 mi28, Wetherfield, Stansted, Essex CM24 8JB4
£550K02/210.41 mi20, Coltsfield, Stansted, Essex CM24 8LH4
£416K01/210.41 mi44, Gilbey Crescent, Stansted, Essex CM24 8DT4
£575K06/210.42 mi18, Loates Pasture, Stansted, Essex CM24 8JH4
£665K07/230.43 mi106, Cambridge Road, Stansted, Essex CM24 8DB4
£665K01/230.47 mi31, Croasdaile Road, Stansted, Essex CM24 8DW4
£485K01/210.49 mi43, Croasdaile Road, Stansted, Essex CM24 8DW4
£575K01/210.5 mi6, Hampton Road, Stansted, Essex CM24 8FE4
£482.5K12/220.51 mi1, Mary Mcarthur Place, Stansted, Essex CM24 8EB4
£730K10/200.51 miMoorland, High Lane, Stansted, Essex CM24 8LQ4
£545K11/220.53 mi13, Queens Close, Stansted, Essex CM24 8EJ4
£495K12/220.56 mi4, Herrington Avenue, Stansted, Essex CM24 8FR4
£530K04/220.57 mi9, Harbridge Close, Stansted, Essex CM24 8FD4
£515K08/220.57 mi16, Walson Way, Stansted, Essex CM24 8EU4
£550K08/220.58 mi8, Walson Way, Stansted, Essex CM24 8EU4
£450K03/210.59 mi21, Walson Way, Stansted, Essex CM24 8GD4
£535K06/220.59 mi7, Banks Lane, Stansted, Essex CM24 8FT4

Local Rents

12 rents from £1K/mo to £3.8K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,99507/230 mi-4
£1,25012/240.07 miSilver Street, Stansted Mountfitchet, CM243
£3,75003/250.11 mi-5
£3,30003/240.11 mi-4
£2,25012/240.14 miWoodfields, Stansted, Essex, CM244
£1,30011/230.18 mi-3
£1,30012/240.2 miBrook Road, Stansted, Essex, CM243
£1,50012/240.38 miBrook View, Stansted, Essex, CM243
£1,75012/240.41 miHargrave Close, Stansted4
£1,00012/240.42 miGilbey Crescent, Stansted, Essex, CM243
£1,70012/240.6 mi-4
£2,35012/240.61 miWalson Way, Stansted, Essex, CM245

Local Area Statistics

Population in CM24

6,736

Population in Stansted

6,752

Town centre distance

0.15 miles away

Nearest school

0.20 miles away

Nearest train station

0.27 miles away

 

 

Rental growth (12m)

-29%

Sales demand

Balanced market

Property History

Listed for £375,000

August 9, 2024

Floor Plans

Description

  • Detached Home +
  • 4 Bedrooms +
  • 2 Reception rooms +
  • Single Garage and Driveway Parking +
  • Close to local amenities and mainline railway station +
  • RENOVATION Opportunity +
  • Offered with VACANT POSSESSION +

What's so great about Stansted Mountfitchet?
The property is located in the historic Magna Carta village of Stansted Mountfitchet and is within walking distance of the mainline train station which offers services to London Liverpool Street, Stansted Airport and Cambridge; access to the M11 and Stansted Airport is approximately 5 minutes by car.
The village offers an eclectic range of local amenities; shops including a Co-op, Tesco Express, local butchers, bakers and chemist, several very good pubs to cover all tastes , bars, restaurants and coffee shops. For the more sporty types the village offers a fully equipped gym, and tennis, cricket, football, and bowling clubs. If you are interested in architecture, there are a number of churches to visit plus the Grade II listed Windmill built in 1787. For children the Toy Museum and Mountfitchet Castle are well worth a visit; it also provides a trip down memory lane for many adults. Education is covered by three primary schools and one secondary school. Lounge
16'03 x 12'01 (4.88m x 3.66m) Dining Room
10'02 x 7'09 (3.04m x 2.16m) Kitchen
10'05 x 7'01 (3.04 x 2.13) Bedroom 1
11'10 x 10'03 (3.38m x 3.05m) Bedroom 2
10'04 x 6'11 (3.06m x 1.86m) Bedroom 3
8'04 x 7'04 (2.45m x 2.14m) Bedroom 4
9'02 x 5'09 (2.74m x 1.55m) Bathroom
Seperate WC
Council Tax Band E
Estate Agents Notes
With approximate measurements, these particulars have been prepared in good faith by the selling agent in conjunction with the vendor(s) with the intention of providing a fair and accurate guide to the property. However, they do not constitute or form part of an offer or contract, nor may they be regarded as representations. All interested parties must themselves verify their accuracy. No tests or checks have been carried out in respect of heating, plumbing, electrical installations or any type of appliances which may be included.

Agent Details

Murdochs Property Shop, Stansted

01279 598083

Next Steps?

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