4 Bed Detached House, Refurb/BRRR, Chelmsford, CM2 7EG, £550,000

42 Longmead Avenue, Great Baddow, Chelmsford, CM2 7EG - 1 views - 5 months ago

Sold STC
Refurb/BRRR
~158 m²
+25 photos

ValuationFair Value

Sold Prices£350K - £910K
Sold Prices/m²£2.8K/m² - £12.8K/m²

 

 

Square Metres

~158.20 m²
Price/m²£3.5K/m²

Value Estimate

£561,000

 

 

End Value (After Refurb)

£660,115

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£43,700

Refurb Costs

£77,352

Bridging Loan Interest

£14,438

Total Cash In

£274,739

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£660,115

Mortgage (After Refinance)

£495,086

Mortgage LTV

75%

Cash Released

£82,586

Cash Left In

£192,153

Equity

£165,029

Rent Range

£1,500 - £2,900

Rent Estimate

£1,927

Running Costs/mo

£2,468

Cashflow/mo

£-541

Cashflow/yr

£-6,495

Gross Yield

4%

Local Sold Prices

50 sold prices from £350K to £910K, average is £518.8K. £2.8K/m² to £12.8K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£630K02/210.09 mi3, Britten Crescent, Chelmsford, Essex CM2 7EP4
£650K02/210.12 mi26, Tabors Avenue, Chelmsford, Essex CM2 7ES4
£545K06/210.16 mi21, Oldbury Avenue, Chelmsford, Essex CM2 7ED4
£910K12/220.16 mi3, Lodge Avenue, Chelmsford, Essex CM2 7EA4
£650K12/200.19 mi423, Baddow Road, Chelmsford, Essex CM2 7QL4
£540K03/210.2 mi6, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE4
£485K03/210.2 mi47, Tyrells Way, Great Baddow, Chelmsford, Essex CM2 7DP4
£585K08/210.21 mi45, Longfield Road, Chelmsford, Essex CM2 7QH4
£525K12/220.22 mi32, Riffhams Drive, Great Baddow, Chelmsford, Essex CM2 7DD4
£450K04/230.23 mi105, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EZ4
£580K03/210.24 mi2, Buckleys, Chelmsford, Essex CM2 7DY4
£455K12/200.24 mi8, Buckleys, Chelmsford, Essex CM2 7DY4
£530K03/210.29 mi32, Chelmer Lea, Chelmsford, Essex CM2 7QG4
£637K08/210.3 mi412, Baddow Road, Chelmsford, Essex CM2 9RB4
£557.5K01/230.31 mi107, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EZ4
£505K09/210.41 mi2, New Road, Great Baddow, Chelmsford, Essex CM2 7QT4
£625K11/200.44 mi34, Chelmerton Avenue, Chelmsford, Essex CM2 9RF4
£505K02/210.44 mi44, Chelmerton Avenue, Chelmsford, Essex CM2 9RF4
£500K06/210.45 mi13, Canford Close, Chelmsford, Essex CM2 9RG4
£432K03/210.48 mi24, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UQ4
£465K09/210.5 mi12, St Marys Close, Great Baddow, Chelmsford, Essex CM2 8EQ4
£732K02/210.5 mi27, Galleywood Road, Great Baddow, Chelmsford, Essex CM2 8DH4
£535K03/210.52 mi29, Winchelsea Drive, Chelmsford, Essex CM2 9TL4
£435K04/210.53 mi40, Baden Powell Close, Great Baddow, Chelmsford, Essex CM2 7GA4
£790K09/210.53 mi20, Church Street, Great Baddow, Chelmsford, Essex CM2 7HZ4
£480K08/210.54 mi1, Baddow Hall Crescent, Chelmsford, Essex CM2 7BY4
£475K02/210.56 mi3, Dorset Avenue, Chelmsford, Essex CM2 9TZ4
£490K12/200.56 mi152, Maldon Road, Great Baddow, Chelmsford, Essex CM2 7DQ4
£655K03/210.58 mi9, Bramley Place, Chelmsford, Essex CM2 9TF4
£350K03/210.6 mi36, Meadgate Avenue, Chelmsford, Essex CM2 7LQ4
£410K02/210.62 mi24, Pearl Square, Chelmsford, Essex CM2 9FP4
£437K01/210.63 mi17, Pertwee Drive, Chelmsford, Essex CM2 8DY4
£875K06/210.63 mi68, Vicarage Lane, Great Baddow, Chelmsford, Essex CM2 8HY4
£395K09/210.64 mi18, Pertwee Drive, Chelmsford, Essex CM2 8DZ4
£460K09/210.64 mi37, Isaac Square, Great Baddow, Chelmsford, Essex CM2 7PP4
£445K12/220.65 mi20, Rosseter Close, Chelmsford, Essex CM2 9GL4
£500K06/210.66 mi6, Bawden Way, Chelmsford, Essex CM2 9GY4
£425K12/200.67 mi28, Pertwee Drive, Chelmsford, Essex CM2 8EA4
£630K11/200.68 mi11, Avenue Road, Chelmsford, Essex CM2 9TY4
£652K06/230.69 mi13, Walford Place, Chelmsford, Essex CM2 6PG4
£512.5K12/200.69 mi22, Walford Place, Chelmsford, Essex CM2 6PG4
£397.5K03/210.69 mi9, Gilmore Way, Chelmsford, Essex CM2 7AN4
£600K11/200.7 mi28, Avenue Road, Chelmsford, Essex CM2 9TY4
£455K12/220.7 mi27, Craiston Way, Chelmsford, Essex CM2 8ED4
£772.5K09/210.71 mi68, Beehive Lane, Chelmsford, Essex CM2 9RX4
£543K01/230.73 mi24, Fawkner Close, Chelmsford, Essex CM2 6UP4
£374K03/230.73 mi51, Readers Court, Chelmsford, Essex CM2 8EX4
£500K03/230.74 mi37, Lambourne Chase, Chelmsford, Essex CM2 9FF4
£690K05/230.75 mi4, Howard Drive, Chelmsford, Essex CM2 6PE4
£680K01/230.75 mi22, Howard Drive, Chelmsford, Essex CM2 6PE4

Local Rents

11 rents from £1.5K/mo to £2.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£2,65004/240.2 miBaddow Road, Chelmsford, Essex, CM24
£2,90004/240.21 miLongmead Avenue, Chelmsford, CM2 7EY4
£1,65004/240.22 miRiffhams Drive, Great Baddow, Chelmsford, CM24
£2,30002/240.42 mi-3
£1,55012/240.42 miMeadgate Avenue, Chelmsford3
£1,55004/240.51 miDorset Avenue, CHELMSFORD3
£1,89505/240.52 miGreenland Gardens, Great Baddow, CM23
£2,00003/240.55 miGreenland Gardens, Galleywood Road, CM24
£1,65004/240.56 mi-3
£1,55003/240.56 miGerard Gardens, Great Baddow3
£1,50004/240.62 miStuart Close, CM23

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.86 miles away

Nearest school

0.30 miles away

Nearest train station

1.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £550,000

November 4, 2024

Floor Plans

Description

  • FOUR BEDROOM DETACHED HOUSE +
  • LOCATED IN THE SOUGHT AFTER AREA OF GREAT BADDOW +
  • BEAUTIFUL LANDSCAPED SOUTH FACING GARDEN +
  • GARAGE AND OFF STREET PARKING +
  • FOUR SPACIOUS BEDROOMS +
  • TWO SPACIOUS RECEPTION ROOMS +
  • LARGE PLOT WITH POTENTIAL FOR EXTENSION AND DEVELOPMENT +
  • IDEAL FOR A RENOVATION PROJECT TO CREATE A BESPOKE DREAM HOME +

Elwell Taylor are delighted to offer this extended detached 4 bedroom house situated in the sought after area of Great Baddow. The property has a small single storey ground floor extension providing a utility area and cloakroom The first floor extension provides a large bedroom and bathroom above the garage. This house boasts a beautiful south facing garden. It benefits from parking for 2 cars on the drive and a garage. This house has offers great opportuntieis for a renovation project.

Porch - External door leading in, internal door and storage cupboard

Hallway - Doors leading to all room, stairs leading to 1st floor.

Lounge - Spacious family room, large double glazed bay window unit to front and chimney breast with fireplace. Glass doors leading to dining room.

Dining Room - Ample dining space with the possibility of a second reception area. Double glazed window to rear, sliding glass door to kitchen and back door to garden.

Kitchen - Selection of wall and base units in oak effect, free standing under counter fridge, oven and hob. Pantry cupboard with shelving. Under stairs storage cupboard. Door leading to garden.

Bedroom 1 - Large double bedroom, with built in wardrobe and dressing table. Double glazed window unit to front.

Bedroom 2 - Double sized bedroom with built in wardrobe, double glazed window to rear.

Bedroom 3 - Small double sized bedroom, double glazed window to front.

Bedroom 4 - Double sized bedroom, double glazed window to front.

Bathroom - Family bathroom

Wet Room - Enclosed shower cubicle

Wc - Toilet and sink

Garage -

Utility Room & Wc - Access via the garden, housing WC and sink. Utility area with sink and a tumble dryer

External - The rear garden is well presented with a patio with a step onto the lawn with mature shrubs, trees and plants fenced to boundaries. The front provides parking for two or three cars, garage and also some mature shrubs and a plants.

Agent Details

Elwell Taylor, Chelmsford

01245 945490

Next Steps?

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