3 Bed Terraced House, Refurb/BRRR, Chelmsford, CM2 8YL, £350,000

Ketleys, Galleywood, Chelmsford, CM2 8YL - 2 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£275K - £775K
Sold Prices/m²£3.1K/m² - £7.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£346,836

 

 

End Value (After Refurb)

£382,595

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£45,472

Bridging Loan Interest

£9,188

Total Cash In

£160,610

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£382,595

Mortgage (After Refinance)

£286,946

Mortgage LTV

75%

Cash Released

£24,446

Cash Left In

£136,163

Equity

£95,649

Rent Range

£1,400 - £1,950

Rent Estimate

£1,625

Running Costs/mo

£1,541

Cashflow/mo

£84

Cashflow/yr

£1,013

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £275K to £775K, average is £340K. £3.1K/m² to £7.5K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£314K08/210 mi15, Ketleys, Chelmsford, Essex CM2 8YL3
£415K06/230.04 mi9, Roughtons, Chelmsford, Essex CM2 8PE3
£290K11/200.04 mi19, Moss Path, Galleywood, Chelmsford, Essex CM2 8YG3
£425K12/200.04 mi23, Braziers Close, Chelmsford, Essex CM2 8YJ3
£300K02/210.05 mi1, Bullen Walk, Chelmsford, Essex CM2 8YF3
£300K01/210.1 mi14, Markland Close, Chelmsford, Essex CM2 8RZ3
£320K05/230.1 mi6, Markland Close, Chelmsford, Essex CM2 8RZ3
£430K06/230.11 mi32, Cannon Leys, Chelmsford, Essex CM2 8PD3
£281K10/210.13 mi50, Pryors Road, Galleywood, Chelmsford, Essex CM2 8SA3
£338K04/210.13 mi8, Barnard Road, Chelmsford, Essex CM2 8RR3
£275K11/200.17 mi25, Archers Way, Chelmsford, Essex CM2 8SB3
£424.6K09/210.2 mi4, Rignals Lane, Chelmsford, Essex CM2 8QT3
£425K07/230.22 mi6, Walters Close, Chelmsford, Essex CM2 8NU3
£335K04/230.22 mi20, Archers Way, Chelmsford, Essex CM2 8SD3
£455K07/210.29 mi6, Lyon Close, Chelmsford, Essex CM2 8NY3
£450K01/210.33 mi129, Keene Way, Chelmsford, Essex CM2 8NS3
£550K02/230.35 mi61, Keene Way, Chelmsford, Essex CM2 8NT3
£308K11/220.36 mi23, Spring Rise, Chelmsford, Essex CM2 8SH3
£318K09/210.4 mi94, Pyms Road, Chelmsford, Essex CM2 8PX3
£315K11/210.4 mi96, Pyms Road, Chelmsford, Essex CM2 8PX3
£405K01/210.4 mi45a, Pyms Road, Chelmsford, Essex CM2 8PX3
£430K01/230.43 mi100, Well Lane, Galleywood, Chelmsford, Essex CM2 8QZ3
£375K02/230.43 mi77, Well Lane, Galleywood, Chelmsford, Essex CM2 8QZ3
£775K06/230.44 mi400, Beehive Lane, Chelmsford, Essex CM2 8RJ3
£325K08/210.45 mi58, Pyms Road, Chelmsford, Essex CM2 8PY3
£395K04/230.47 mi13, Glebe View, Chelmsford, Essex CM2 8PZ3
£385K04/230.7 mi22, Kestrel Walk, Chelmsford, Essex CM2 8XS3
£310K12/200.72 mi11, Swallow Path, Chelmsford, Essex CM2 8XT3
£317K11/200.73 mi31, Plover Walk, Chelmsford, Essex CM2 8XX3
£390K12/200.74 mi47, Osprey Way, Chelmsford, Essex CM2 8XU3
£390K01/230.74 mi43, Osprey Way, Chelmsford, Essex CM2 8XU3
£325K05/210.74 mi47, Peregrine Drive, Chelmsford, Essex CM2 8XY3
£340K04/210.75 mi113, Goshawk Drive, Chelmsford, Essex CM2 8XP3
£300K01/230.76 mi74, Goshawk Drive, Chelmsford, Essex CM2 8XP3
£293K03/210.77 mi6, Plover Walk, Chelmsford, Essex CM2 8XX3
£370K05/210.78 mi1, Goshawk Drive, Chelmsford, Essex CM2 8XN3
£305K05/230.78 mi11, Peregrine Drive, Chelmsford, Essex CM2 8XY3
£500K11/200.8 mi253, Beehive Lane, Chelmsford, Essex CM2 9SJ3
£357K12/220.81 mi150, Galleywood Road, Great Baddow, Chelmsford, Essex CM2 8DP3
£350K03/210.82 mi21, Hawfinch Walk, Chelmsford, Essex CM2 8BD3
£293K12/200.82 mi5, Gardeners, Chelmsford, Essex CM2 8YU3
£340K02/210.82 mi55, Gardeners, Chelmsford, Essex CM2 8YU3
£290K04/210.82 mi30, Osprey Way, Chelmsford, Essex CM2 8AP3
£290K08/210.82 mi170, Galleywood Road, Great Baddow, Chelmsford, Essex CM2 8YT3
£288K11/200.85 mi15, Cormorant Walk, Chelmsford, Essex CM2 8BG3
£350K08/210.85 mi43, Firecrest Road, Chelmsford, Essex CM2 8XL3
£365K12/220.86 mi97, Robin Way, Chelmsford, Essex CM2 8AU3
£490K07/230.86 mi15, Orchard Close, Chelmsford, Essex CM2 9SL3
£340K06/210.87 mi57, Hawfinch Walk, Chelmsford, Essex CM2 8BE3
£370K01/230.88 mi368, Linnet Drive, Chelmsford, Essex CM2 8AL3

Local Rents

23 rents from £1.4K/mo to £1.9K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,40004/240.08 miCannon Leys3
£1,70001/250.09 mi-3
£1,50004/240.13 miBarnard Road, Chelmsford3
£1,70004/240.32 miLower Green, Galleywood, Chelmsford, CM23
£1,55004/240.34 miKeene Way, CM23
£1,95002/240.55 mi-3
£1,80004/250.77 mi-3
£1,80005/240.77 mi-3
£1,52503/240.89 miLinnet Drive, Chelmsford3
£1,50003/240.89 miLinnet Drive, Tile Kiln, Chelmsford, CM2 8AL3
£1,55002/240.9 mi-3
£1,57505/240.9 mi-3
£1,69505/240.92 miStock Road, Galleywood, Chelmsford3
£1,69510/230.96 miNoakes Avenue, Chelmsford, Essex, CM23
£1,55002/240.97 mi-3
£1,50010/231 miPlane Tree Close, Chelmsford, Essex, CM23
£1,52502/241.01 mi-3
£1,79505/241.03 miNoakes Avenue, CHELMSFORD3
£1,65004/241.1 miCypress Drive, Chelmsford, Essex, CM23
£1,80002/251.16 mi-3
£1,80011/241.16 mi-3
£1,80003/251.17 mi-3
£1,79504/241.22 miWhitethorn Gardens, Chelmsford, Essex, CM23

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

2.59 miles away

Nearest school

0.20 miles away

Nearest train station

2.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £350,000

September 3, 2024

Floor Plans

Description

  • Three bedrooms +
  • End-terraced property +
  • Driveway +
  • NO ONWARD CHAIN +
  • Local to schools and amenities +
  • In need of modernisation +

SUMMARY
GUIDE PRICE £350,000 - £375,000. Situated in the desirable area of 'Galleywood' is this three bedroom end-terraced property. The property benefits from a driveway for multiple cars, easy access to local schools and amenities and a spacious reception area.

DESCRIPTION
Galleywood is a lovely village that offers beautiful walks, pubs, a Church and is surrounded by masses of stunning countryside. The village also includes one of Chelmsford's main parks, Chelmer Park, which provides many sporting facilities for hockey, football, cricket and netball etc. There are also children's play areas for the whole family's enjoyment. It's hard to believe that Galleywood is only around a 10-minute drive from the city centre! Excellent Primary and Secondary Schools in the area. Local shops, conveniently placed local amenities. Galleywood Common is perfect for anyone who loves a scenic walk through open fields and woodland. There are many routes and public footpaths to enjoy and there is a lot of history associated with the area. Galleywood Common's historic racecourse was also one of the oldest racecourses in England which held races from 1759 - 1935.

Ground Floor 

Entrance Hall 

Lounge 18' 6" x 10' 9" ( 5.64m x 3.28m )

Kitchen 12' 1" x 6' 10" ( 3.68m x 2.08m )

First Floor 

Landing 

Bedroom One 11' 1" x 10' ( 3.38m x 3.05m )

Bedroom Two 15' x 8' 9" ( 4.57m x 2.67m )

Bedroom Three 8' 4" x 8' 4" ( 2.54m x 2.54m )

Bathroom 

Exterior 

Outbuilding 

 

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Chelmsford South

01245 945288

Next Steps?

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