3 Bed Terraced House, Refurb/BRRR, Dunmow, CM6 2PW, £395,000

Weaverhead Close, Thaxted, Nr Great Dunmow, Essex, CM6 2PW - 2 views - 7 months ago

Refurb/BRRR
Planning
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£260K - £550K
Sold Prices/m²£2.2K/m² - £6.5K/m²

 

 

Square Metres

~93 m²
Price/m²£4.2K/m²

Value Estimate

£347,861

 

 

End Value (After Refurb)

£375,799

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£98,750

Stamp Duty & Legal Fees

£20,300

Refurb Costs

£44,800

Bridging Loan Interest

£10,369

Total Cash In

£175,969

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£375,799

Mortgage (After Refinance)

£281,849

Mortgage LTV

75%

Cash Left In

£175,969

Equity

£93,950

Rent Range

£950 - £2,100

Rent Estimate

£1,520

Running Costs/mo

£1,498

Cashflow/mo

£22

Cashflow/yr

£260

ROI

0%

Gross Yield

5%

Local Sold Prices

21 sold prices from £260K to £550K, average is £367.5K. £2.2K/m² to £6.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£335K06/210.12 miCorner Cottage, Vicarage Lane, Thaxted, Dunmow, Essex CM6 2QP3
£367.5K03/230.12 miThe Cottage, Vicarage Lane, Thaxted, Dunmow, Essex CM6 2QP3
£455K12/220.14 mi32, Newbiggen Street, Thaxted, Dunmow, Essex CM6 2QR3
£402.3K07/210.15 mi48, Newbiggen Street, Thaxted, Dunmow, Essex CM6 2QR3
£507.5K06/210.15 mi14, Watling Street, Thaxted, Dunmow, Essex CM6 2PE3
£345K11/200.16 mi31, Newbiggen Street, Thaxted, Dunmow, Essex CM6 2QS3
£300K02/210.16 mi41, Newbiggen Street, Thaxted, Dunmow, Essex CM6 2QS3
£437K09/220.17 miFieldview, Watling Lane, Thaxted, Dunmow, Essex CM6 2QX3
£475K05/230.21 miOakfield Lodge, Watling Lane, Thaxted, Dunmow, Essex CM6 2QY3
£325K10/200.28 mi28, Park Street, Thaxted, Dunmow, Essex CM6 2ND3
£375K12/220.28 mi43, Magdalen Green, Thaxted, Dunmow, Essex CM6 2LJ3
£350K02/230.28 mi13, Magdalen Green, Thaxted, Dunmow, Essex CM6 2LJ3
£280K01/230.28 mi1, Magdalen Green, Thaxted, Dunmow, Essex CM6 2LJ3
£375K06/230.41 mi8, Wainsfield Villas, Thaxted, Dunmow, Essex CM6 2LS3
£385K04/210.55 miAnchorage, Bardfield Road, Thaxted, Dunmow, Essex CM6 2LR3
£315K01/211.12 miOak Cottage, Lye Corner, Cutlers Green, Thaxted, Dunmow, Essex CM6 2QD3
£260K11/201.57 mi3, Mayes Place, Thaxted, Dunmow, Essex CM6 2NT3
£545K03/212.69 miThe Willows, Hamperden End, Debden Green, Saffron Walden, Essex CB11 3NA3
£330K02/232.76 mi2, School Villas, Lindsell, Dunmow, Essex CM6 3QN3
£260K10/212.81 mi14, Abbey View, Duton Hill, Dunmow, Essex CM6 2EA3
£550K01/232.91 mi1, Tye Green, Wimbish, Saffron Walden, Essex CB10 2XE3

Local Rents

8 rents from £950/mo to £2.1K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.12 miPutterill Close, Weaverhead Lane, Thaxted, Essex, CM62
£2,10012/240.18 mi-3
£1,95012/240.18 miLincoln Gardens, Thaxted, Dunmow, CM63
£95012/240.35 miBarnards Field, CM61
£1,25001/251.02 mi-2
£1,30002/252.06 mi-2
£1,20012/242.29 mi-2
£1,20012/242.29 mi-2

Local Area Statistics

Population in CM6

24,916

Population in Dunmow

24,925

Town centre distance

6.24 miles away

Nearest school

0.30 miles away

Nearest train station

5.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+47%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £395,000

September 11, 2024

Floor Plans

Description

  • In need of upgrading and re-decoration +
  • Large plot of about 0.15 of an acre +
  • End terrace property +
  • 3 bedrooms +
  • Open-plan sitting/dining room +
  • Galley-style kitchen +
  • Family bathroom +
  • Outbuilding +
  • Single garage +
  • Rear garden in excess of 120ft +

5 WEAVERHEAD CLOSE is situated close to the heart of the town of Thaxted offering great scope for improvement and extension, subject to planning permission. The plot itself extends to approximately 0.15 of an acre, with the rear garden in excess of 120ft.

The front door leads into a spacious entrance hall with stairs rising to the first floor, door into the open-plan sitting/dining room and an opening leads into the galley-style kitchen which is in need of improvement and upgrading and is currently fitted with a range of base and wall units, gas fired boiler, space for appliances, window and door to side aspect. The sitting/dining room measures approx. 25ft in length with two windows looking out to the front and one looking out to the rear.

The first floor landing leads to 3 bedrooms; 2 doubles and a single and the family bathroom which is fitted with a 3-piece suite. The main bedroom has a airing cupboard.

OUTSIDE, to the front elevation a pathway leads to the front door with a lawned area on one side bordered by low mature hedging. Adjacent is a side gate which leads through to the rear garden and also gives access to the outbuilding with a separate store room and WC.

The rear garden is mostly laid to lawn with a concrete terrace enclosed by fencing and mature hedging and trees and again is in need of some tidying up. At the rear of the garden is a single garage with an up-and-over door.

THAXTED is a historical market town with a range of shops, a weekly market, convenience store and filling station. There is an excellent primary school, many clubs and societies, several pubs/restaurants and it is well known for its annual festivals of music and morris dancing. There is a magnificent parish church and ancient guildhall amongst many other interesting buildings. It is convenient for commuters with Stansted Airport, the M11(J8), nr Bishop’s Stortford 12 miles and mainline stations at Elsenham 7 miles and Audley End 10 miles.

Agent Details

Mullucks, Saffron Walden

01799 611333

Next Steps?

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