3 Bed Semi-Detached House, Refurb/BRRR, Chelmsford, CM2 9HN, £425,000

Juniper Drive, Chelmsford, CM2 9HN - 6 views - 7 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 2%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£275K - £545K
Sold Prices/m²£3.1K/m² - £5.7K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£355,757

 

 

End Value (After Refurb)

£393,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£45,472

Bridging Loan Interest

£11,156

Total Cash In

£187,328

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£393,000

Mortgage (After Refinance)

£294,750

Mortgage LTV

75%

Cash Left In

£187,328

Equity

£98,250

Rent Range

£1,500 - £4,500

Rent Estimate

£2,004

Running Costs/mo

£1,649

Cashflow/mo

£355

Cashflow/yr

£4,261

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £275K to £545K, average is £370K. £3.1K/m² to £5.7K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£370K11/200.04 mi91, Gloucester Avenue, Chelmsford, Essex CM2 9DS3
£365K01/210.06 mi108, Gloucester Avenue, Chelmsford, Essex CM2 9LF3
£440K05/230.07 mi27, Juniper Drive, Chelmsford, Essex CM2 9HL3
£395K05/230.07 mi31, Juniper Drive, Chelmsford, Essex CM2 9HL3
£467K01/230.08 mi9, Lewis Drive, Chelmsford, Essex CM2 9EE3
£480K06/230.09 mi10, Brian Close, Chelmsford, Essex CM2 9EB3
£301K05/210.11 mi109, Heath Drive, Chelmsford, Essex CM2 9HG3
£326.1K07/210.11 mi104, Heath Drive, Chelmsford, Essex CM2 9HG3
£280K04/210.12 mi101, Lime Walk, Chelmsford, Essex CM2 9NJ3
£372K03/210.12 mi110, Lime Walk, Chelmsford, Essex CM2 9NJ3
£391K02/230.13 mi2, St Anthonys Drive, Chelmsford, Essex CM2 9EG3
£300K09/210.14 mi188, Gloucester Avenue, Chelmsford, Essex CM2 9LG3
£382K12/220.14 mi210, Gloucester Avenue, Chelmsford, Essex CM2 9LG3
£370K06/210.14 mi43, Maple Drive, Chelmsford, Essex CM2 9HR3
£310K06/210.15 mi6, Magnolia Close, Chelmsford, Essex CM2 9HU3
£398K03/230.15 mi12, Magnolia Close, Chelmsford, Essex CM2 9HU3
£372.5K03/210.15 mi33, Magnolia Close, Chelmsford, Essex CM2 9HU3
£325K01/210.15 mi111, Gloucester Avenue, Chelmsford, Essex CM2 9DT3
£325K01/210.15 mi111, Gloucester Avenue, Chelmsford, Essex CM2 9DT3
£390K03/210.15 mi21, Heath Drive, Chelmsford, Essex CM2 9HB3
£360K09/210.15 mi63, Laburnum Drive, Chelmsford, Essex CM2 9NS3
£382K04/230.18 mi71, Heath Drive, Chelmsford, Essex CM2 9HF3
£417K03/230.18 mi42, Heath Drive, Chelmsford, Essex CM2 9HD3
£275K08/210.18 mi33, Orange Tree Close, Chelmsford, Essex CM2 9ND3
£380K02/210.18 mi243, Linnet Drive, Chelmsford, Essex CM2 8AZ3
£360K05/230.18 mi41, St Anthonys Drive, Chelmsford, Essex CM2 9EQ3
£325K12/200.18 mi12, St Anthonys Drive, Chelmsford, Essex CM2 9EQ3
£380K02/210.18 mi243, Linnet Drive, Chelmsford, Essex CM2 8AZ3
£372.5K08/230.19 mi135, Lucas Avenue, Chelmsford, Essex CM2 9JR3
£280K11/200.19 mi136, Lucas Avenue, Chelmsford, Essex CM2 9JR3
£373K02/230.19 mi46, Heath Drive, Chelmsford, Essex CM2 9HE3
£395K12/200.19 mi22, Alder Drive, Chelmsford, Essex CM2 9EY3
£470K03/230.19 mi9, Alder Drive, Chelmsford, Essex CM2 9EY3
£340K06/210.23 mi57, Hawfinch Walk, Chelmsford, Essex CM2 8BE3
£299.5K06/210.25 mi153, Gloucester Avenue, Chelmsford, Essex CM2 9DU3
£288K11/200.25 mi15, Cormorant Walk, Chelmsford, Essex CM2 8BG3
£535K03/210.25 mi29, Gloucester Avenue, Chelmsford, Essex CM2 9DP3
£545K05/230.26 mi27, Gloucester Avenue, Chelmsford, Essex CM2 9DP3
£310K11/210.26 mi522, Linnet Drive, Chelmsford, Essex CM2 8AN3
£356K09/210.26 mi42, St Anthonys Drive, Chelmsford, Essex CM2 9EH3
£340K06/210.26 mi69, St Anthonys Drive, Chelmsford, Essex CM2 9EH3
£325K12/200.26 mi30, Crossways, Chelmsford, Essex CM2 9EP3
£329K06/210.26 mi22, Firtree Rise, Chelmsford, Essex CM2 9HS3
£375K06/210.26 mi31, Sycamore Way, Chelmsford, Essex CM2 9LZ3
£305K01/210.26 mi346, Linnet Drive, Chelmsford, Essex CM2 8AL3
£288K12/200.26 mi392, Linnet Drive, Chelmsford, Essex CM2 8AL3
£288K12/200.27 mi392, Linnet Drive, Chelmsford, Essex CM2 8AL3
£370K08/230.27 mi170, Linnet Drive, Chelmsford, Essex CM2 8AQ3
£425K03/230.27 mi15, Donald Way, Chelmsford, Essex CM2 9JB3
£420K01/210.27 mi13, Donald Way, Chelmsford, Essex CM2 9JB3

Local Rents

25 rents from £1.5K/mo to £4.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,52502/240.17 mi-3
£1,50010/230.17 miPlane Tree Close, Chelmsford, Essex, CM23
£1,80003/250.2 mi-3
£1,65004/240.2 miCypress Drive, Chelmsford, Essex, CM23
£1,52503/240.26 miLinnet Drive, Chelmsford3
£1,50003/240.27 miLinnet Drive, Tile Kiln, Chelmsford, CM2 8AL3
£1,55002/240.27 mi-3
£1,57505/240.27 mi-3
£1,69504/240.31 miRose Glen, Chelmsford, Essex, CM23
£1,79504/240.34 miWhitethorn Gardens, Chelmsford, Essex, CM23
£1,55002/240.36 mi-3
£1,65004/250.4 mi-3
£4,50002/240.41 mi-3
£4,50003/240.41 mi-3
£4,50004/250.41 mi-3
£1,65005/240.42 miWaltham Glen, Chelmsford, Essex, CM2 9EL3
£1,80002/250.44 mi-3
£1,80005/240.48 mi-3
£1,80004/250.56 mi-3
£1,75004/240.56 miSt Johns Road, Chelmsford, CM23
£2,10001/250.6 mi-3
£2,00004/240.6 miGrace Bartlett Gardens, Chelmsford, CM23
£2,00004/240.6 miGrace Bartlett Gardens, Chelmsford, CM23
£2,00004/240.6 mi-3
£2,20003/250.6 mi-3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.50 miles away

Nearest school

0.20 miles away

Nearest train station

1.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £425,000

September 24, 2024

Floor Plans

Description

  • No onward chain +
  • Three bedroom semi-detached house +
  • In need of modernisation +
  • Potential to extend (STPP) +
  • Two reception rooms +
  • Good size rear garden +
  • Garage and off-street parking +
  • Sought-after location +

Nestled in a sought-after residential area, is this semi-detached house being offered with no onward chain. With the existing rear extension having suitable footings laid there is potential for an additional extension to the first floor (subject to planning permission).

Internally, to the ground floor, this home boasts two reception rooms, a fitted kitchen, a utility room and a WC. To the first floor there are three bedrooms and a well-appointed bathroom. Externally, there is a spacious garden, ideal for outdoor entertaining or relaxation, as well as convenient off-street parking and a garage for secure storage.

Juniper Drive is situated within close proximity to local amenities, schools, and transport links, this residence provides both convenience and tranquillity. Don't miss the opportunity to make this delightful property your own and enjoy a comfortable lifestyle in this desirable neighbourhood. Contact us today to arrange a viewing and take the first step towards your dream home.

Agent Details

Beresfords, Chelmsford

01245 945593

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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