3 Bed Semi-Detached House, Refurb/BRRR, Chelmsford, CM2 9BX, £625,000

74 Moulsham Street, Chelmsford, Essex, CM2 0JA - 8 months ago

Refurb/BRRR
~101 m²
+16 photos

ValuationOvervalued

Sold Prices£293K - £910K
Sold Prices/m²£2.5K/m² - £8K/m²

 

 

Square Metres

~101 m²
Price/m²£6.2K/m²

Value Estimate

£435,481

 

 

End Value (After Refurb)

£537,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£53,700

Refurb Costs

£49,384

Bridging Loan Interest

£16,406

Total Cash In

£277,490

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£537,500

Mortgage (After Refinance)

£403,125

Mortgage LTV

75%

Cash Left In

£277,490

Equity

£134,375

Rent Range

£1,350 - £4,500

Rent Estimate

£2,190

Running Costs/mo

£2,138

Cashflow/mo

£52

Cashflow/yr

£628

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £293K to £910K, average is £435.5K. £2.5K/m² to £8K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£500K02/230.05 mi24, Rothesay Avenue, Chelmsford, Essex CM2 9BU3
£710K06/210.1 mi55, Vicarage Road, Chelmsford, Essex CM2 9BT3
£590K02/230.16 mi11, St Mildreds Road, Chelmsford, Essex CM2 9PU3
£515K10/210.16 mi136, Moulsham Drive, Chelmsford, Essex CM2 9QA3
£575K12/220.2 mi2a, Southborough Road, Chelmsford, Essex CM2 0AQ3
£340K04/210.23 mi95, Moulsham Street, Chelmsford, Essex CM2 0JF3
£370K01/210.23 mi17, Nursery Road, Chelmsford, Essex CM2 9PL3
£380K02/210.23 mi36, Nursery Road, Chelmsford, Essex CM2 9PL3
£370K01/210.23 mi24, Nursery Road, Chelmsford, Essex CM2 9PL3
£565K01/230.24 mi133, Moulsham Drive, Chelmsford, Essex CM2 9PZ3
£404K05/210.25 mi127, Fortinbras Way, Chelmsford, Essex CM2 9UL3
£362.5K01/210.25 mi14, St Johns Road, Chelmsford, Essex CM2 9PE3
£450K12/200.26 mi2, St Michaels Road, Chelmsford, Essex CM2 9PT3
£408K03/210.28 mi128, Fortinbras Way, Chelmsford, Essex CM2 9UL3
£427.5K05/230.28 mi94, Upper Bridge Road, Chelmsford, Essex CM2 0BA3
£475K12/220.28 mi86, Upper Bridge Road, Chelmsford, Essex CM2 0BA3
£325K04/210.28 mi3, St Johns Road, Chelmsford, Essex CM2 9PD3
£353K11/200.32 mi7, Mews Court, Chelmsford, Essex CM2 9PF3
£435K12/220.33 mi2, Mews Court, Chelmsford, Essex CM2 9PF3
£515K05/230.33 mi127a, Mildmay Road, Chelmsford, Essex CM2 0DT3
£404K07/230.35 mi9, Bradford Street, Chelmsford, Essex CM2 0BG3
£555K12/200.35 mi27, Rosebery Road, Chelmsford, Essex CM2 0TU3
£425K11/220.35 mi5, Bradford Street, Chelmsford, Essex CM2 0BG3
£450K06/230.35 mi163, Upper Bridge Road, Chelmsford, Essex CM2 0BB3
£293K05/210.36 mi97, Lower Anchor Street, Chelmsford, Essex CM2 0AU3
£502K12/220.36 mi5, Campbell Close, Chelmsford, Essex CM2 9BE3
£655K06/210.37 mi9, Hamlet Road, Chelmsford, Essex CM2 0EU3
£415K06/210.37 mi23, Bouverie Road, Chelmsford, Essex CM2 0UD3
£425K07/210.38 mi84, Hillside Grove, Chelmsford, Essex CM2 9DB3
£370K02/210.38 mi51, Hillside Grove, Chelmsford, Essex CM2 9DB3
£460K04/210.39 mi3, Campbell Close, Chelmsford, Essex CM2 9BE3
£370K04/230.4 mi49, Lower Anchor Street, Chelmsford, Essex CM2 0AT3
£460K08/230.4 mi13, Fortinbras Way, Chelmsford, Essex CM2 9JA3
£535K03/210.41 mi29, Gloucester Avenue, Chelmsford, Essex CM2 9DP3
£545K05/230.41 mi27, Gloucester Avenue, Chelmsford, Essex CM2 9DP3
£592.5K07/230.41 mi25, Upper Roman Road, Chelmsford, Essex CM2 0EX3
£312.5K11/210.42 mi10, Hart Street, Chelmsford, Essex CM2 0RY3
£332K03/210.42 mi51, Baker Street, Chelmsford, Essex CM2 0SA3
£550K01/210.43 mi24, Lady Lane, Chelmsford, Essex CM2 0TG3
£360K04/210.44 mi2, Grove Road, Chelmsford, Essex CM2 0EY3
£441K12/220.46 mi41, Stewart Road, Chelmsford, Essex CM2 9BB3
£360K08/210.47 mi20, Roman Road, Chelmsford, Essex CM2 0HA3
£316K07/230.47 mi7, Orchard Street, Chelmsford, Essex CM2 0HD3
£427K04/210.48 mi6, Falcons Mead, Chelmsford, Essex CM2 0NN3
£436K11/200.48 mi66, Mildmay Road, Chelmsford, Essex CM2 0DZ3
£440K03/230.49 mi78, Wood Street, Chelmsford, Essex CM2 9FQ3
£820K03/210.49 miFircroft, Links Drive, Chelmsford, Essex CM2 9AW3
£395K12/200.49 mi22, Alder Drive, Chelmsford, Essex CM2 9EY3
£470K03/230.49 mi9, Alder Drive, Chelmsford, Essex CM2 9EY3
£910K06/210.51 mi107, Longstomps Avenue, Chelmsford, Essex CM2 9BZ3

Local Rents

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

RentDateDistanceAddressBeds 
£4,50002/240.22 mi-3
£4,50003/240.22 mi-3
£4,50004/250.22 mi-3
£1,69505/240.24 miRedcliffe Road, CHELMSFORD3
£1,69512/240.24 miRedcliffe Road, CHELMSFORD3
£1,65002/240.28 mi-3
£1,72503/250.28 mi-3
£1,65003/240.32 miMews Court, Chelmsford, CM2 9PF3
£1,75005/240.37 miBouverie Road, Chelmsford, CM23
£1,75003/240.38 miBouverie Road, Chelmsford, CM23
£1,75001/250.39 mi-3
£1,75002/250.39 mi-3
£1,75004/240.39 miSt Johns Road, Chelmsford, CM23
£1,55004/240.4 miUpper Bridge Road, Chelmsford, CM23
£1,55004/240.4 mi-3
£1,55003/250.4 mi-3
£4,50003/240.41 mi-3
£4,50002/250.41 mi-3
£2,00004/240.42 miGrace Bartlett Gardens, Chelmsford, CM23
£2,00004/240.42 miGrace Bartlett Gardens, Chelmsford, CM23
£2,00004/240.42 mi-3
£2,20003/250.42 mi-3
£1,75005/240.42 miParkinson Drive, Chelmsford, CM1 3GU3
£1,80003/240.45 miGrove Road, Chelmsford3
£1,69503/240.46 miManor Road, Old Moulsham3
£1,35003/240.49 miHayes Close, Chelmsford, CM23
£1,80003/250.53 mi-3
£1,69504/240.57 miRose Glen, Chelmsford, Essex, CM23
£1,65005/240.58 miWaltham Glen, Chelmsford, Essex, CM2 9EL3
£1,78004/240.59 mi-3
£1,85003/240.61 miWrittle Road, Chelmsford, CM13

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

0.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £625,000

January 7, 2025

Listed for £650,000

August 29, 2024

Floor Plans

Description

  • THREE BEDROOMS +
  • NO ONWARD CHAIN +
  • DRIVEWAY PARKING +
  • MODERNIZATION REQUIRED +
  • SOUGHT AFTER LOCATION +
  • VIEWINGS ADVISED +

McCartney Sales are pleased to present this rare opportunity to acquire a three-bedroom semi-detached house located on one of Old Moulsham's most sought-after roads, Finchley Avenue. The property requires modernisation throughout, offering the perfect blank canvas for those looking to create their dream home in this desirable location. With the potential to extend, as many neighbours have done, this home is ideal for those planning to grow into the space. The property comprises an entrance hall, a lounge with a bay window, a separate dining room, a kitchen, a lean-to, and a WC. On the first floor, there are three bedrooms and a family bathroom. Outside, the front offers driveway parking with the potential for expansion to accommodate multiple vehicles. The rear garden is a good size and includes a workshop that could be converted into a home office or treatment room. The property is being sold with no onward chain, and early viewing is highly recommended. Don’t miss the chance to make this home your own!

Agent Details

McCartney Estate Agents, Chelmsford

01245 945622

Next Steps?

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