3 Bed Bungalow, Single Let, Halstead, CO9 1BJ, £275,000

Tidings Hill, Halstead, CO9 1BJ - 4 views - 7 months ago

Sold STC
Auction
BTL
ROI: 3%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£200K - £439K
Sold Prices/m²£2.3K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£295,935
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£995 - £1,900

Rent Estimate

£1,324

Running Costs/mo

£1,144

Cashflow/mo

£180

Cashflow/yr

£2,158

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £200K to £439K, average is £267.5K. £2.3K/m² to £4.6K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£250K07/210.07 mi3, South Close, Halstead, Essex CO9 1NJ3
£255K11/200.08 mi34, Ronald Road, Halstead, Essex CO9 1NL3
£275K11/200.09 mi2, Parker Way, Halstead, Essex CO9 1NR3
£439K11/200.1 miTown View, Tidings Hill, Halstead, Essex CO9 1BQ3
£270K08/210.1 mi12, Parker Way, Halstead, Essex CO9 1NS3
£335K12/220.11 mi83, Tidings Hill, Halstead, Essex CO9 1ND3
£235K07/210.13 mi4, Ronald Road, Halstead, Essex CO9 1NP3
£245K03/210.13 mi36, Firwoods Road, Halstead, Essex CO9 1NF3
£259K01/210.15 mi8, Brewery Drive, Halstead, Essex CO9 1EF3
£259K01/210.15 mi8, Brewery Drive, Halstead, Essex CO9 1EF3
£272K10/210.15 mi12, Highfields, Halstead, Essex CO9 1NH3
£285K06/230.15 mi13, Holmes Road, Halstead, Essex CO9 1NW3
£320K01/230.18 mi5, Rye Hills, Halstead, Essex CO9 1LY3
£240K02/210.2 mi97, Mitchell Avenue, Halstead, Essex CO9 1DU3
£262K03/210.2 mi4, Rayner Way, Halstead, Essex CO9 1BU3
£225K01/210.21 mi74, White Horse Avenue, Halstead, Essex CO9 1AN3
£247.5K11/200.21 mi79, Mitchell Avenue, Halstead, Essex CO9 1DT3
£330K11/220.21 mi83, Mitchell Avenue, Halstead, Essex CO9 1DT3
£415K08/230.21 mi32, Balls Chase, Halstead, Essex CO9 1NY3
£227.5K12/210.22 mi27, Stanstead Road, Halstead, Essex CO9 1YB3
£350K12/220.22 mi33, Conies Road, Halstead, Essex CO9 1BD3
£260K09/210.23 mi10, Juniper Close, Halstead, Essex CO9 1YF3
£230K12/200.24 mi14, Abels Road, Halstead, Essex CO9 1EW3
£289.8K01/210.24 mi8, Brewster Close, Halstead, Essex CO9 1PW3
£208K01/210.26 mi26, Ramsey Road, Halstead, Essex CO9 1EL3
£240K06/210.26 mi9, Ramsey Road, Halstead, Essex CO9 1EL3
£340K06/230.26 mi4, Ramsey Road, Halstead, Essex CO9 1EL3
£262.5K02/210.27 mi12, Well Field, Halstead, Essex CO9 1JB3
£305K04/210.28 mi5, Balls Chase, Halstead, Essex CO9 1NX3
£310K06/210.28 mi9, Balls Chase, Halstead, Essex CO9 1NX3
£215K02/210.31 mi25, Mitchell Avenue, Halstead, Essex CO9 1DN3
£200K02/210.31 mi15, Mitchell Avenue, Halstead, Essex CO9 1DN3
£310K01/230.32 mi40, Kings Road, Halstead, Essex CO9 1HA3
£287.5K11/200.32 mi3, Abels Road, Halstead, Essex CO9 1EN3
£270K04/210.32 mi47, Abels Road, Halstead, Essex CO9 1EW3
£265K08/210.33 mi16, De Veres Road, Halstead, Essex CO9 1BA3
£290K03/230.33 mi6, De Veres Road, Halstead, Essex CO9 1BA3
£246.5K03/210.34 mi5, Neale Road, Halstead, Essex CO9 1DL3
£295K03/230.34 mi6, Neale Road, Halstead, Essex CO9 1DL3
£320K09/210.37 mi113, Kings Road, Halstead, Essex CO9 1HH3
£200K12/200.41 mi36, Trinity Road, Halstead, Essex CO9 1EB3
£258.5K06/210.44 mi43, Godwin Close, Halstead, Essex CO9 1XA3
£260K08/210.44 mi11, Godwin Close, Halstead, Essex CO9 1XA3
£260K02/230.44 mi7, Godwin Close, Halstead, Essex CO9 1XA3
£299.5K06/210.45 mi39, Oak Road, Halstead, Essex CO9 1LS3
£235K04/230.46 mi75, Trinity Road, Halstead, Essex CO9 1ED3
£299.9K10/210.47 mi14, Blamsters Crescent, Halstead, Essex CO9 1AQ3
£355K11/220.47 mi13, Blamsters Crescent, Halstead, Essex CO9 1AQ3
£335K06/210.48 mi13, Vicarage Meadow, Halstead, Essex CO9 2JL3
£300K06/210.49 mi79, Parsonage Street, Halstead, Essex CO9 2JT3

Local Rents

11 rents from £995/mo to £1.9K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65004/250.12 mi-3
£99512/240.21 miWhite Horse Avenue, Halstead, Essex, CO93
£1,80003/250.55 mi-3
£1,90009/240.55 mi-3
£1,90001/250.55 mi-3
£1,90012/240.55 mi-3
£1,30012/240.58 mi-3
£1,80010/240.58 mi-3
£1,80002/250.58 mi-3
£1,80003/250.58 mi-3
£1,49509/240.6 mi-3

Local Area Statistics

Population in CO9

25,162

Town centre distance

0.47 miles away

Nearest school

0.50 miles away

Nearest train station

5.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+41%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £275,000

September 24, 2024

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Development opportunity +
  • 5 separate dwellings +
  • Detached bungalow converted into flats +
  • In need of refurbishment +

SUMMARY
William H Brown are pleased to bring to market this development opportunity in the popular town of Halstead. This detached bungalow has been converted into 3 flats and there are also 2 additional dwellings.

DESCRIPTION
The market town of Halstead offers schooling for all ages, leisure facilities, various High Street shops, boutiques, numerous restaurants and public houses. For the commuter there is a mainline station located at the larger town of Braintree. Stansted airport is also approximately 25 miles away and there is straight forward access links to both A12 and A120.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall 
Door to front aspect. Doors giving access to the lounge, shower room and bedroom 1.

Lounge 14' 4" x 13' 1" ( 4.37m x 3.99m )
Window to front aspect. Double doors leading to the conservatory. Door giving access to bedroom 2.

Conservatory 7' 8" x 12' 1" ( 2.34m x 3.68m )
Windows to side, rear and front aspect.

Bedroom Two 13' 4" x 10' 4" ( 4.06m x 3.15m )
Window to side aspect.

Kitchen 18' x 15' ( 5.49m x 4.57m )
Window to rear aspect. Storage cupboard.

Bedroom One 17' x 7' 8" ( 5.18m x 2.34m )
Window to rear aspect. Doors giving access to the en-suite. Leads through to the conservatory.

En-Suite 
Window to front aspect. Suite comprising corner shower cubicle, wc and wash basin.

Shower Room 
Suite comprising shower, wc and wash basin.

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, Halstead

01787 322336

Next Steps?

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