5 Bed Detached House, Planning Permission, Chelmsford, CM1 4WD, £660,000

Wickham Crescent, Chelmsford, CM1 4WD - 2 views - 7 months ago

Planning
~178 m²
+18 photos

ValuationUndervalued

Sold Prices£246K - £1.6M
Sold Prices/m²£3.4K/m² - £7.8K/m²

 

 

Square Metres

~178.28 m²
Price/m²£3.7K/m²

Value Estimate

£688,500
BMV2%

 

 

End Value (After Refurb)

£754,592

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£165,000

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£86,649

Bridging Loan Interest

£17,325

Total Cash In

£313,424

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£754,592

Mortgage (After Refinance)

£565,944

Mortgage LTV

75%

Cash Released

£70,944

Cash Left In

£242,480

Equity

£188,648

Rent Range

£1,450 - £4,995

Rent Estimate

£1,737

Running Costs/mo

£2,726

Cashflow/mo

£-989

Cashflow/yr

£-11,862

Gross Yield

3%

Local Sold Prices

33 sold prices from £246K to £1.6M, average is £740K. £3.4K/m² to £7.8K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£650K02/210.35 mi32, The Drive, Chelmsford, Essex CM1 4JS5
£435K06/230.54 mi20, Cumberland Crescent, Chelmsford, Essex CM1 4AJ5
£675K09/210.56 mi82, Berwick Avenue, Chelmsford, Essex CM1 4BD5
£625K04/210.59 mi62, Third Avenue, Chelmsford, Essex CM1 4EY5
£602.5K09/210.7 mi8, St Fabians Drive, Chelmsford, Essex CM1 2PR5
£850K05/230.71 mi2, Highfield Road, Chelmsford, Essex CM1 2NQ5
£900K12/200.71 mi3, Park Avenue, Chelmsford, Essex CM1 2AB5
£860K04/210.76 mi9, Westfield Avenue, Chelmsford, Essex CM1 1SF5
£710K11/200.76 mi1, Acres End, Chelmsford, Essex CM1 2XR5
£740K03/230.78 mi93, Chignal Road, Chelmsford, Essex CM1 2JA5
£1.3M02/210.78 mi46, Maltese Road, Chelmsford, Essex CM1 2PA5
£880K09/210.79 mi218, Chignal Road, Chelmsford, Essex CM1 4SS5
£850K06/210.9 mi2b, Fitzwalter Place, Chelmsford, Essex CM1 2LX5
£800K05/210.91 mi12, Roselawn Fields, Broomfield, Chelmsford, Essex CM1 7GB5
£681K09/211.26 mi51, Torquay Road, Chelmsford, Essex CM1 7NX5
£660K03/211.3 mi21, Jubilee Avenue, Broomfield, Chelmsford, Essex CM1 7HE5
£246K03/231.3 mi21, Nabbott Road, Chelmsford, Essex CM1 2SW5
£950K01/231.37 mi16a, Green Close, Chelmsford, Essex CM1 7SL5
£795K01/211.45 mi62, Telford Place, Chelmsford, Essex CM1 7QZ5
£690K06/231.45 mi37, Telford Place, Chelmsford, Essex CM1 7QZ5
£622K01/211.46 mi33, Telford Place, Chelmsford, Essex CM1 7QZ5
£930K06/211.48 mi12, Dalrymple Close, Chelmsford, Essex CM1 7RF5
£733.5K05/231.56 mi11, Redgates Place, Chelmsford, Essex CM2 6BG5
£1.6M01/231.62 miFairfield, Mounthill Avenue, Chelmsford, Essex CM2 6DB5
£916.5K10/211.7 mi167, New London Road, Chelmsford, Essex CM2 0AE5
£425K05/231.71 mi101, Beardsley Drive, Chelmsford, Essex CM1 6GJ5
£700K11/221.76 mi12, The Leys, Chelmsford, Essex CM2 6AU5
£875K11/201.79 miSouthwood House, Woodhouse Lane, Little Waltham, Chelmsford, Essex CM3 3PW5
£850K07/231.8 mi2, The Cedars, Chelmsford, Essex CM2 6BL5
£860K10/211.82 mi5, York Road, Chelmsford, Essex CM2 0AH5
£787K09/211.85 mi112, Moulsham Street, Chelmsford, Essex CM2 0JN5
£715K12/201.87 mi6, Phoenix Grove, Chelmsford, Essex CM2 9BN5
£615K02/211.9 mi86, Vicarage Road, Chelmsford, Essex CM2 9PH5

Local Rents

39 rents from £1.4K/mo to £5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£2,00005/240.04 mi-4
£2,00005/240.04 miWickham Crescent, Chelmsford, CM14
£1,80004/240.14 miPipchin Road, Chelmsford3
£1,85004/240.15 miTapley Road, Chelmsford3
£1,65003/240.21 mi-3
£1,95003/240.26 miQuilp Drive, Chelmsford3
£1,78004/250.31 mi-3
£1,50005/240.34 miMelbourne Avenue, Chelmsford, CM13
£1,50005/240.34 miMelbourne Avenue, Chelmsford, CM13
£1,99503/250.35 mi-4
£1,70005/240.35 miSunrise Avenue, Chelmsford, CM13
£1,50004/240.35 miSunrise Avenue, Broomfield, Chelmsford3
£2,10004/250.36 mi-4
£1,49503/240.37 miMelbourne Avenue, Chelmsford3
£1,55003/240.38 miLangton Avenue, Chelmsford3
£1,49503/240.39 miPatching Hall Lane, Courtlands, Chelmsford3
£1,65002/240.4 mi-3
£1,65003/240.4 miBarnfield Mews, Chelmsford, CM13
£1,45003/240.42 miCanberra Close, Chelmsford, CM13
£1,45004/240.42 mi-3
£1,65004/240.42 miBroomfield Road3
£1,70001/250.45 mi-3
£1,70004/250.45 mi-3
£1,82504/240.48 miKings Road , Chelmsford 4
£1,75003/240.51 miDarrell Close, Chelmsford, CM13
£1,70004/240.51 mi-3
£3,99503/240.51 mi-3
£4,99503/250.51 mi-3
£1,75003/240.52 miBroomfield Road, Chelmsford3
£1,87504/240.52 miDarrell Close, Chelmsford4
£1,80005/240.52 miDarrell Close, Chelmsford3
£1,70004/240.52 miBroomfield Road, CM13
£1,55004/240.52 miThe Green, Chelmsford, CM13
£1,55004/240.52 mi-3
£1,50002/250.52 mi-3
£1,50004/240.53 miChester Place, Chelmsford3
£1,50004/240.61 miPennine Road, Chelmsford3
£1,50004/240.61 miPennine Road, Chelmsford3
£1,90012/240.62 mi-3

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

1.03 miles away

Nearest school

0.10 miles away

Nearest train station

1.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £660,000

January 23, 2025

Listed for £675,000

September 28, 2024

Sold for £330,000

2004

Sold for £249,995

2000

Floor Plans

Description

  • 1743ft of accommodation +
  • Five double bedrooms +
  • Ensuite to master +
  • Four reception areas +
  • 47ft West facing rear garden +
  • Detached double width garage (ideal for conversion stpp) +
  • Driveway parking +
  • 0.3 miles to St John Payne School +
  • 0.3 miles to Andrews Park +
  • Many local amenities close by including Tescos express +

This stunning detached house in Chelmsford offers an impressive 1743ft of accommodation spread over three floors, making it an ideal family home. The property boasts five double bedrooms, with the master bedroom benefitting from an ensuite. Additionally, there are four reception areas providing plenty of space for entertaining and family gatherings.

Outside, the property features a 47ft West facing rear garden, perfect for enjoying the sunshine during the warmer months. There is also a detached double width garage, which offers potential for conversion (subject to planning permission), as well as driveway parking for multiple vehicles.

Located just 0.3 miles from St John Payne School and Andrews Park, this property is perfectly situated for families with school-aged children. There are also many local amenities close by, including a Tesco Express for convenient shopping. Chelmsford, Essex offers a variety of attractions and activities for residents and visitors alike. The city is home to a range of shops, restaurants, and entertainment venues, as well as historic sites such as the 15th-century cathedral and Hylands House. Nature lovers will appreciate the nearby Chelmer and Blackwater Navigation canal, which offers scenic walking and cycling routes. For those interested in sports and leisure, Chelmsford has a selection of parks, sports clubs, and fitness facilities to enjoy. Overall, Chelmsford provides a vibrant and diverse community with plenty to see and do, making it a desirable location to call home.

Tenure: Freehold

Band F is the Council Tax band for this property and the annual council tax bill is £3,010.93.

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Entrance hall

Lounge
4.22 m x 4.09 m (13'10" x 13'5")

Dining area
2.79 m x 2.39 m (9'2" x 7'10")

Sitting room
4.06 m x 2.64 m (13'4" x 8'8")

Kitchen
3.63 m x 2.77 m (11'11" x 9'1")

Utility room
1.50 m x 1.40 m (4'11" x 4'7")

Conservatory
4.09 m x 1.88 m (13'5" x 6'2")

W.C

Landing

Bedroom 1
3.48 m x 3.15 m (11'5" x 10'4")

Ensuite

Bedroom 2
3.48 m x 3.15 m (11'5" x 10'4")

Bedroom 3
4.32 m x 2.64 m (14'2" x 8'8")

Bathroom

Second floor landing

Bedroom 4
5.49 m x 3.17 m (18'0" x 10'5")

Bedroom 5
5.49 m x 2.64 m (18'0" x 8'8")

Agent Details

HOME, Chelmsford

01245 945628

Next Steps?

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