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





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 |
BMV | 2% |
| |
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.
Local Rents
39 rents from £1.4K/mo to £5K/mo, average is £1.7K/mo.
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
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