2 Bed Bungalow, Planning Permission, Chelmsford, CM1 2QP, £425,000

11 Norton Road, Chelmsford, Essex, CM1 2QP - 3 views - 8 months ago

Planning
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£257K - £450K
Sold Prices/m²£3.4K/m² - £7.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£6.2K/m²

Value Estimate

£330,274

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Rent Range

£1,100 - £2,800

Rent Estimate

£1,219

Running Costs/mo

£1,592

Cashflow/mo

£-373

Cashflow/yr

£-4,475

Gross Yield

3%

Local Sold Prices

50 sold prices from £257K to £450K, average is £327K. £3.4K/m² to £7.9K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£405K02/230.14 mi81, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£380K03/230.14 mi63, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£450K01/230.14 mi85, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£355K02/210.14 mi51, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£430K03/230.14 mi39, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£280K03/210.15 mi42, South Primrose Hill, Chelmsford, Essex CM1 2RG2
£320K10/200.15 mi34, South Primrose Hill, Chelmsford, Essex CM1 2RG2
£325K11/200.15 mi21, Primrose Hill, Chelmsford, Essex CM1 2RH2
£325K11/200.15 mi45, Primrose Hill, Chelmsford, Essex CM1 2RH2
£302K10/210.25 mi17, Townfield Street, Chelmsford, Essex CM1 1QJ2
£257K06/230.25 mi5, Townfield Street, Chelmsford, Essex CM1 1QJ2
£322.5K07/230.28 mi160, Rainsford Road, Chelmsford, Essex CM1 2PD2
£285K06/230.29 mi26, Townfield Street, Chelmsford, Essex CM1 1QL2
£350K12/200.32 mi31, Victoria Crescent, Chelmsford, Essex CM1 1QF2
£351K04/230.32 mi25, Victoria Crescent, Chelmsford, Essex CM1 1QF2
£325K06/210.38 mi4, Lombardy Place, Chelmsford, Essex CM1 1PZ2
£330K02/210.4 mi4, Seymour Street, Chelmsford, Essex CM2 0RX2
£325K06/230.41 mi264, Rainsford Road, Chelmsford, Essex CM1 2PN2
£309K01/210.42 mi5, Park Avenue, Chelmsford, Essex CM1 2AB2
£330K06/210.43 mi16, New Writtle Street, Chelmsford, Essex CM2 0RR2
£325K03/210.43 mi17, New Writtle Street, Chelmsford, Essex CM2 0RR2
£360K06/230.45 mi64, Rectory Lane, Chelmsford, Essex CM1 1RE2
£329K03/210.46 mi6, Upper Bridge Road, Chelmsford, Essex CM2 0RT2
£335K12/200.48 mi60, Henry Road, Chelmsford, Essex CM1 1RG2
£320K11/210.48 mi53, Baker Street, Chelmsford, Essex CM2 0SA2
£332.5K09/210.48 mi2, Marconi Road, Chelmsford, Essex CM1 1QB2
£430K07/230.49 mi32, Bishop Road, Chelmsford, Essex CM1 1PX2
£300K08/230.5 mi169, Kings Road, Chelmsford, Essex CM1 2BA2
£425K06/210.51 mi31, Beeches Road, Chelmsford, Essex CM1 2RX2
£405K02/230.51 mi35, Beeches Road, Chelmsford, Essex CM1 2RX2
£410K02/230.53 mi81, Lower Anchor Street, Chelmsford, Essex CM2 0AU2
£310K05/210.54 mi89, Bradford Street, Chelmsford, Essex CM2 0BG2
£335K02/230.57 mi170, Upper Bridge Road, Chelmsford, Essex CM2 0BB2
£345K01/210.57 mi148, Upper Bridge Road, Chelmsford, Essex CM2 0BB2
£283.5K03/230.6 mi8, Gloucester Crescent, Chelmsford, Essex CM1 4NG2
£425K12/220.62 mi14, Anchor Street, Chelmsford, Essex CM2 0JY2
£318K09/210.62 mi10, Anchor Street, Chelmsford, Essex CM2 0JY2
£260K04/210.62 mi30, Chester Place, Chelmsford, Essex CM1 4NQ2
£258K12/220.62 mi18, Chester Place, Chelmsford, Essex CM1 4NQ2
£300K06/230.63 mi34, The Green, Chelmsford, Essex CM1 2BQ2
£312.5K02/210.64 mi148, Moulsham Street, Chelmsford, Essex CM2 0LD2
£312.5K02/210.64 mi148, Moulsham Street, Chelmsford, Essex CM2 0LD2
£320K11/200.65 mi12, Belle Vue, Chelmsford, Essex CM2 0BD2
£290K11/210.66 mi2, Milton Place, Chelmsford, Essex CM1 4LA2
£350K06/210.69 mi14, Grove Road, Chelmsford, Essex CM2 0EY2
£357K12/200.69 mi29, Marlborough Road, Chelmsford, Essex CM2 0JR2
£340K03/210.7 mi134, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£330K04/210.7 mi104, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£350K01/210.7 mi93, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£265K06/210.7 mi124, Upper Bridge Road, Chelmsford, Essex CM2 0BA2

Local Rents

50 rents from £1.1K/mo to £2.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,20004/240.05 mi-2
£1,62504/240.05 miWicks Place, CHELMSFORD2
£1,49504/240.05 miWicks Place, CHELMSFORD2
£1,56512/240.05 miWicks Place, Chelmsford City Centre2
£1,69512/240.05 miWicks Place, Chelmsford City Centre2
£2,80005/240.06 mi-2
£1,55004/250.06 mi-2
£2,80002/250.06 mi-2
£2,80001/250.06 mi-2
£2,80001/250.06 mi-2
£1,30001/240.08 mi-2
£1,25004/240.08 mi-2
£1,25004/240.08 miSouth Primrose Hill, Chelmsford, CM12
£2,50002/250.08 mi-2
£1,30004/250.09 mi-2
£2,35004/250.09 mi-2
£1,35004/240.1 miWest One, 7-13 Rainsford Road, Chelmsford2
£1,29504/240.1 miLesley Court, Rainsford Road, Chelmsford2
£1,50004/240.11 miRainsford Road, CHELMSFORD2
£1,45003/240.11 miRainsford Road, Chelmsford2
£1,52503/240.11 miRainsford Road, Chelmsford2
£1,45004/240.11 miRainsford Road, Chelmsford2
£1,40004/240.14 miSouth Primrose Hill, Chelmsford2
£1,55001/250.15 mi-2
£1,49001/250.15 mi-2
£1,49502/250.15 mi-2
£1,40003/250.15 mi-2
£1,50005/240.17 miWells Crescent, Chelmsford2
£1,49504/240.17 miPrimrose Hill, CM12
£1,50003/240.17 miKings Tower, Chelmsford2
£1,35005/240.17 miCedar Avenue West, Chelmsford2
£1,38502/250.18 mi-2
£1,45003/240.18 miKings Tower, Chelmsford2
£1,50004/240.18 miKings Tower, City Centre2
£1,50005/240.18 miWells Crescent, Town Centre2
£1,45005/240.18 miMarconi Plaza, Chelmsford2
£1,65002/240.19 mi-2
£1,70011/230.2 miRailway Street, Chelmsford2
£1,29504/240.21 miRainsford Road, Chelmsford, Essex, CM12
£1,49504/240.22 miDuke Street, Chelmsford2
£1,49504/240.22 miDuke Street, Chelmsford, Essex, CM12
£1,60003/240.22 miBurgess Springs, Chelmsford, CM12
£1,62503/240.22 miBurgess Springs, Chelmsford, CM12
£1,60003/240.22 miBurgess Springs, Chelmsford, CM12
£1,57504/240.22 miBurgess Springs, Chelmsford, CM12
£1,52504/240.22 miBurgess Springs, Chelmsford, CM12
£1,60005/240.22 miBurgess Springs, Chelmsford, CM12
£1,60005/240.22 miBurgess Springs, Chelmsford, CM12
£1,60005/240.22 miBurgess Springs, Chelmsford, CM12
£1,10004/240.23 miKing Edward Court, Cedar Avenue West, CM12

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.10 miles away

Nearest school

0.30 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £425,000

August 24, 2024

Sold for £175,000

2003

Floor Plans

Description

  • Well Presented +
  • Off Street Parking +
  • Garage +
  • Walking Distance To Chelmsford Station +
  • Potential To Extend (STPP) +
  • Versatile Layout +

The Property
A rare opportunity to acquire a two bedroom detached bungalow with potential to extend to into the loft (subject to planning permission) as well as put your own stamp on.

The property comprises a front lounge, dining area, kitchen, two bedrooms, versatile loft space and a bathroom. Externally there is a welcoming front driveway with off street parking, a good sized rear garden with side access and a garage.

Located within walking distance of Chelmsford railway and bus stations, Admirals Park, Central Park and Chelmsford Town Centre. National cycle highway route 1 is also close by.

The property is also located within easy access of the A12 and A414 with access to London and the M25, and falls within good school catchment areas.

Full fibre to the premises broadband is available, which is great for home workers.

To book a viewing it's simple, just visit the Purplebricks website or download our excellent app. Simply hit the viewing request button 24 hours a day. From the main property portals just click on the full details, click on the brochure link, and hit the viewing button 24 hours a day.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Chelmsford

020 3910 0889

Next Steps?

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