8 Bed HMO, Billericay, CM12 9DX £800,000

Western Road, Billericay, Essex, CM12 9DX - 2 views - a year ago
Sold STC
HMO
Outside Article 4
ROI: 4%
~248 m²
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+1 photos

ValuationUndervalued

Sold Prices£418K - £1.5M
Sold Prices/m²£3.1K/m² - £8.7K/m²

 

 

Square Metres

~248 m²
Price/m²£3.2K/m²

Value Estimate

£968,000
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£200,000

Stamp Duty & Legal Fees

£71,200

Total Cash In

£271,200

 

 

Cash Out

 

Room Rate

£698

Gross Rent

£5,584

Running Costs/mo

£4,678

Cashflow/mo

£906

Cashflow/yr

£10,866

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £418K to £1.5M, average is £737.5K. £3.1K/m² to £8.7K/m², average is £5.7K/m².

Price
Date
Distance
Address
Beds
 
£763K06/210.06 mi16, St James Mews, Billericay, Essex CM12 9DH4
£680K06/210.09 mi9, Western Mews, Billericay, Essex CM12 9EA4
£455K01/230.18 mi35, Chapel Court, Billericay, Essex CM12 9LX4
£777K07/230.21 mi16, Wakefield Avenue, Billericay, Essex CM12 9DN4
£620K11/240.22 mi31, The Avenue, Billericay, Essex CM12 9HG4
£745K03/230.23 mi4, Shanklin Avenue, Billericay, Essex CM12 9JJ4
£620K11/240.24 mi31, The Avenue, Billericay CM12 9HG4
£730K01/230.25 mi3, St Ediths Lane, Billericay, Essex CM12 9BU4
£1.3M05/230.25 mi40, Cromwell Avenue, Billericay, Essex CM12 0AG4
£1.2M11/220.27 mi21, Station Road, Billericay, Essex CM12 9DP4
£815K06/250.28 mi18, Burntwood Close, Billericay CM12 9HE4
£815K06/250.28 mi18, Burntwood Close, Billericay CM12 9HE4
£700K06/250.29 mi28, Crown Road, Billericay CM11 2AE4
£700K06/250.29 mi28, Crown Road, Billericay CM11 2AE4
£960K10/240.3 mi7, Burntwood Close, Billericay CM12 9HE4
£605K06/210.3 mi10a, Crown Road, Billericay, Essex CM11 2AE4
£955K01/250.31 mi25a, Lake Avenue, Billericay CM12 0AJ4
£815K08/230.33 mi24, Gainsborough Close, Billericay, Essex CM11 2DB4
£590K03/250.33 mi4, Needham Close, Billericay CM11 1LQ4
£815K08/250.34 mi11, Needham Close, Billericay CM11 1LQ4
£635K06/210.35 mi9, Britannia Close, Billericay, Essex CM11 1AQ4
£575K07/240.35 mi1, Tensing Gardens, Billericay, Essex CM12 9JX4
£677.5K09/210.36 mi2, Langdon Mews, Billericay, Essex CM11 1LR4
£755K10/220.36 mi8, Britannia Close, Billericay, Essex CM11 1AQ4
£895K06/210.36 mi1, Beaufort Road, Billericay, Essex CM12 9JL4
£900K06/210.36 mi2, Ruskin Dene, Billericay, Essex CM12 0AN4
£880K06/250.37 mi1, Coulter Mews, Billericay CM11 1LN4
£880K06/250.37 mi1, Coulter Mews, Billericay CM11 1LN4
£955K02/230.38 mi5, Caterwood, Billericay, Essex CM12 0AP4
£690K08/210.38 mi38, Prower Close, Billericay, Essex CM11 2BU4
£972.5K11/240.4 mi39, Beaufort Road, Billericay CM12 9JL4
£875K06/210.41 mi29a, Stock Road, Billericay, Essex CM12 0AR4
£950K06/210.42 mi2, The Mullions, Billericay, Essex CM12 9XG4
£760K12/240.43 mi54, Mountnessing Road, Billericay CM12 9EX4
£595K06/230.44 mi77, Knightbridge Walk, Billericay, Essex CM12 0HL4
£487.5K06/210.45 mi42, Feering Road, Billericay, Essex CM11 2DR4
£1.5M04/230.45 mi19, Norsey Road, Billericay, Essex CM11 1AT4
£615K12/220.46 mi44, South Ridge, Billericay, Essex CM11 2ER4
£432K08/240.49 mi14, Kelvedon Road, Billericay CM11 2DP4
£1.1M12/220.49 mi26a, Stock Road, Billericay, Essex CM12 0BE4
£570K10/220.49 mi48, Knightbridge Walk, Billericay, Essex CM12 0HN4
£470K06/210.5 mi3, Perry Street, Billericay, Essex CM12 0LZ4
£875K03/250.51 mi30, Stock Road, Billericay CM12 0BE4
£875K03/250.51 mi30, Stock Road, Billericay CM12 0BE4
£565K11/220.52 mi42, Perry Street, Billericay, Essex CM12 0NA4
£418K07/210.52 mi14, Copford Road, Billericay, Essex CM11 2DU4
£560K10/220.52 mi11, Rumbullion Drive, Billericay, Essex CM12 0HE4
£576.5K03/230.54 mi5, Northfield Close, Billericay, Essex CM11 2EU4
£495K11/240.54 mi23, West Ridge, Billericay, Essex CM12 9NN4
£600K03/250.55 mi12, Roman Way, Billericay CM12 9LJ4

Local Area Statistics

Population in CM12

20,042

Population in Billericay

39,325

Town centre distance

1.06 miles away

Nearest school

0.50 miles away

Nearest train station

0.14 miles away

 

 

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £800,000

October 17, 2024

Floor Plans

Property image

Description

    • CENTRAL LOCATION +
    • HUGE PLOT +
    • CURRENTLY A RESIDENTIAL CARE HOME +
    • FOUR BEDROOMS ON THE FIRST FLOOR +
    • SEPARATE ANNEX +
    • ABUNDANCE OF POTENTIAL +

* POTENTIAL POTENTIAL POTENTIAL *

Set in the heart of Billericay within easy walking distance from the High Street and Station is this detached property with 8-10 bedrooms - most with en suite facilities and currently run as a private nursing home. The property offers the opportunity to be returned to a substantial family home or to be run as a House of Multiple Occupancy, renting out individual rooms as an AirBnB, a nursery or business suites (subject to any necessary permissions). There is a driveway for several cars to the front and a garden to the rear. Please contact the office for more information and to arrange an internal viewing (subject to status).

Agent Details

Bairstow Eves, Billericay

01277 674183

Next Steps?

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