2 Bed Bungalow, Refurb/BRRR, CM0 8DE £250,000

Maple Way, Burnham-On-Crouch, Essex, CM0 8DE - 35 views - a year ago
Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
Property image

ValuationUndervalued

Sold Prices£195K - £485K
Sold Prices/m²£2.8K/m² - £7.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£257,500
BMV3%

 

 

End Value (After Refurb)

£257,717

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£36,043

Bridging Loan Interest

£6,563

Total Cash In

£123,055

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£257,717

Mortgage (After Refinance)

£193,288

Mortgage LTV

75%

Cash Released

£5,788

Cash Left In

£117,267

Equity

£64,429

Rent Range

£800 - £1,450

Rent Estimate

£1,115

Running Costs/mo

£1,048

Cashflow/mo

£67

Cashflow/yr

£800

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £195K to £485K, average is £280K. £2.8K/m² to £7.7K/m², average is £4.5K/m².

Price
Date
Distance
Address
Beds
 
£233K05/250 mi26, Maple Way, Burnham-on-crouch CM0 8DE2
£233K05/250 mi26, Maple Way, Burnham-on-crouch CM0 8DE2
£330K05/230.04 mi8, Willow Close, Burnham-on-crouch, Essex CM0 8DJ2
£312.5K03/230.08 mi26, Cedar Grove, Burnham-on-crouch, Essex CM0 8DQ2
£315K07/230.08 mi10, Cedar Grove, Burnham-on-crouch, Essex CM0 8DQ2
£300K05/250.08 mi5, Poplar Grove, Burnham-on-crouch CM0 8RJ2
£300K05/250.08 mi5, Poplar Grove, Burnham-on-crouch CM0 8RJ2
£230K02/250.09 mi8, Ash Grove, Burnham-on-crouch CM0 8DP2
£335K11/240.09 mi6, Cedar Grove, Burnham-on-crouch CM0 8DQ2
£325K03/230.09 mi4, Ash Grove, Burnham-on-crouch, Essex CM0 8DP2
£230K02/250.09 mi8, Ash Grove, Burnham-on-crouch, Essex CM0 8DP2
£280K03/250.09 mi8, Cedar Grove, Burnham-on-crouch CM0 8DQ2
£280K03/250.09 mi8, Cedar Grove, Burnham-on-crouch CM0 8DQ2
£278K11/240.12 mi10, Hermes Drive, Burnham-on-crouch CM0 8SW2
£287K12/220.14 mi23, Hermes Drive, Burnham-on-crouch, Essex CM0 8SW2
£268K09/240.16 mi3, Hermes Drive, Burnham-on-crouch CM0 8SW2
£350K06/210.16 mi2, Lime Way, Burnham-on-crouch, Essex CM0 8RH2
£415K07/230.16 mi4, Lime Way, Burnham-on-crouch, Essex CM0 8RH2
£290K06/230.17 mi48, Falklands Road, Burnham-on-crouch, Essex CM0 8SN2
£485K06/250.17 mi114, Maldon Road, Burnham-on-crouch CM0 8DB2
£485K06/250.17 mi114, Maldon Road, Burnham-on-crouch CM0 8DB2
£277.5K12/240.19 mi24, Princes Road, Burnham-on-crouch CM0 8BX2
£276K12/220.19 mi27, Princes Road, Burnham-on-crouch, Essex CM0 8BX2
£285K08/230.22 mi45, Alexandra Road, Burnham-on-crouch, Essex CM0 8BW2
£228.8K05/210.22 mi35, Alexandra Road, Burnham-on-crouch, Essex CM0 8BW2
£312.5K09/240.23 mi31, Glebe Way, Burnham-on-crouch CM0 8QJ2
£280K11/240.23 mi28, Alexandra Road, Burnham-on-crouch CM0 8BW2
£280K06/210.24 mi6, Medway, Burnham-on-crouch, Essex CM0 8TL2
£232.5K09/240.24 mi34, Station Road, Burnham-on-crouch CM0 8BQ2
£280K02/230.24 mi7, Ember Way, Burnham-on-crouch, Essex CM0 8TJ2
£325K12/220.26 mi44, Eastern Road, Burnham-on-crouch, Essex CM0 8BT2
£267.5K08/220.27 mi40, Lilian Road, Burnham-on-crouch, Essex CM0 8DT2
£285K11/220.27 mi41, Lilian Road, Burnham-on-crouch, Essex CM0 8DS2
£195K09/210.27 mi6, Lilian Road, Burnham-on-crouch, Essex CM0 8DT2
£237K10/210.27 mi24, Lilian Road, Burnham-on-crouch, Essex CM0 8DT2
£272K03/230.27 miHerb Cottage, 24, Lilian Road, Burnham-on-crouch, Essex CM0 8DT2
£275K05/250.27 mi14, Fernlea Road, Burnham-on-crouch CM0 8EJ2
£275K05/250.27 mi14, Fernlea Road, Burnham-on-crouch CM0 8EJ2
£240K05/230.27 mi29, Lilian Road, Burnham-on-crouch, Essex CM0 8DS2
£312.5K02/250.29 mi62b The Quirky House, Station Road, Burnham-on-crouch CM0 8HF2
£312K09/220.3 mi5, Hillside Road, Burnham-on-crouch, Essex CM0 8EY2
£214K10/210.3 mi8, Lilian Road, Burnham-on-crouch, Essex CM0 8DT2
£211K06/210.31 mi58, Station Road, Burnham-on-crouch, Essex CM0 8HF2
£295K10/240.34 mi4, New Road, Burnham-on-crouch CM0 8EH2
£295K08/240.34 mi16, Crouch Road, Burnham-on-crouch CM0 8DX2
£275K06/210.36 mi87, Station Road, Burnham-on-crouch, Essex CM0 8HR2
£249.9K11/240.37 mi12, Queens Road, Burnham-on-crouch CM0 8DY2
£298K07/250.37 mi31, Grangewood Park Avenue, Burnham-on-crouch CM0 8FF2
£305K05/250.37 mi36, Pippins Road, Burnham-on-crouch CM0 8DH2
£305K05/250.37 mi36, Pippins Road, Burnham-on-crouch CM0 8DH2

Local Rents

24 rents from £800/mo to £1.4K/mo, average is £1.2K/mo.

Rent
Date
Distance
Address
Beds
 
£1,10011/250.17 miFalklands Road, Burnham-on-Crouch2
£1,20006/250.19 miPrinces Road, Burnham-On-Crouch2
£85007/250.2 miFalklands Road, Burnham-on-crouch2
£1,25006/250.22 miAlexandra Road, Burnham-On-Crouch, CM02
£1,25006/250.22 mi-2
£1,15003/250.22 mi-2
£97508/250.26 miDevonshire Road, Burnham-On-Crouch2
£1,00009/250.27 miLilian Road, Burnham-on-Crouch2
£1,20012/240.27 miMaple Way, Burnham-On-Crouch2
£90007/250.27 miLilian Road, Burnham-on-Crouch2
£82508/250.31 miStation Road, Burnham-on-Crouch2
£1,20012/240.34 miStation Road, Burnham-On-Crouch2
£1,15007/250.37 miEssex Road, Burnham-on-Crouch2
£80008/250.37 miQueens Road, Burnham-on-Crouch2
£1,00009/250.39 miQueens Road, Burnham-on-Crouch2
£1,40010/250.44 miThompson Avenue, Burnham-on-Crouch2
£1,10010/250.48 miDorset Road, Burnham-On-Crouch2
£1,45011/250.53 miOak Crescent, Burnham-On-Crouch, Essex, CM02
£1,45009/250.54 miHarris Street, Burnham On Crouch2
£1,20012/240.56 miChapel Road, Burnham On Crouch, CM02
£1,30006/250.56 miChapel Road, Burnham On Crouch, CM02
£1,30008/250.56 mi-2
£1,20002/240.56 mi-2
£99906/250.56 mi-2

Local Area Statistics

Population in CM0

15,962

Nearest school

0.20 miles away

Nearest train station

0.03 miles away

 

 

Rental growth (12m)

-26%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Price changed to £250,000

January 23, 2025

Listed for £280,000

September 12, 2024

Floor Plans

Property image

Description

  • Detached bungalow +
  • Two bedrooms +
  • Lounge diner +
  • Garage +
  • South facing garden +
  • Block paved driveway +
  • No onward chain +
  • Keys held for viewings +
  • Close to town +
  • Requires modernisation +

TWO BEDROOM BUNGALOW in need of modernisation. Located on the highly sought after MAPLE LEAF DEVELOPMENT, this DETACHED BUNGALOW is a must view. Keys are held by the agent for immediate viewing.

Entrance
Double glazed door to side leading to entrance hall. Solid floors lead to all rooms. Boiler cupboard, airing cupboard, night storage heater, loft access.

Kitchen
9'4 x 7'10
Double glazed window to front, double glazed door to side, wall and base units, stainless steel sink and drainer, storage cupboard.

Lounge diner
16'10 x 11'5 max
Double glazed window to front.

Bedroom
12'6 x 9'11
Double glazed sliding doors to rear garden, night storage heater.

Bedroom
8'8 x 8'

Bathroom
Obscure double glazed window to side, panel bath with shower over, wc, hand wash basin.

Rear garden
South facing, mainly laid to lawn with established shrubs to fenced boundary. Gated access to driveway and garage.

Garage
Up and over door to front, power.
Double glazed window to rear.

Agent Details

Burnham Residential, Covering Burnham-On-Crouch

01621 738314

Next Steps?

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