3 Bed Semi-Detached House, Refurb/BRRR, Bishop's Stortford, CM22 6AQ, £325,000

312 Carters Lane, Henham, CM22 6AQ - 24 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£275K - £1.3M
Sold Prices/m²£3.1K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£325,000

 

 

End Value (After Refurb)

£410,930

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£44,800

Bridging Loan Interest

£8,531

Total Cash In

£151,031

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£410,930

Agent Fees (1%)

£4,109

Bridging Loan

£243,750

Bridging Loan Interest

£8,531

Flip Profit

£12,040

Local Sold Prices

50 sold prices from £275K to £1.3M, average is £380.5K. £3.1K/m² to £5.8K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£380K06/210.13 mi12, Vernons Close, Henham, Bishop's Stortford, Essex CM22 6AE3
£495K01/210.14 miOakville, Crow Street, Henham, Bishop's Stortford, Essex CM22 6AG3
£402K11/220.19 mi47, Vernon Close, Henham, Bishop's Stortford, Essex CM22 6AF3
£545K10/220.22 miDolls Cottage, The Row, Henham, Bishop's Stortford, Essex CM22 6AT3
£494K08/210.22 miThatch End, The Row, Henham, Bishop's Stortford, Essex CM22 6AT3
£360K04/210.22 mi30, Mill Road, Henham, Bishop's Stortford, Essex CM22 6AB3
£550K02/210.33 mi1, Wood End Green, Henham, Bishop's Stortford, Essex CM22 6AY3
£915K03/230.4 miGernell, Wood End Green, Henham, Bishop's Stortford, Essex CM22 6AZ3
£1.3M08/231.03 miPennington Hall, Henham Road, Elsenham, Bishop's Stortford, Essex CM22 6DH3
£390K02/211.18 mi25, Broom Farm Road, Elsenham, Bishop's Stortford, Essex CM22 6LD3
£395.6K11/221.18 mi15, Broom Farm Road, Elsenham, Bishop's Stortford, Essex CM22 6LD3
£350K02/231.19 mi41, Oziers, Elsenham, Bishop's Stortford, Essex CM22 6LS3
£390K07/221.2 mi2, Elm Close, Elsenham, Bishop's Stortford, Essex CM22 6LE3
£305K04/211.21 mi35, Elm Close, Elsenham, Bishop's Stortford, Essex CM22 6LE3
£405K06/211.21 mi28, Elm Close, Elsenham, Bishop's Stortford, Essex CM22 6LE3
£345K04/231.21 mi24, Hailes Wood, Elsenham, Bishop's Stortford, Essex CM22 6DQ3
£410K06/221.22 miTinkers Cottage, The Cross, Elsenham, Bishop's Stortford, Essex CM22 6DG3
£440K02/211.23 miBirches, Park Road, Elsenham, Bishop's Stortford, Essex CM22 6DF3
£365K12/221.23 mi39, Oziers, Elsenham, Bishop's Stortford, Essex CM22 6LS3
£307.5K09/211.23 mi17, Oziers, Elsenham, Bishop's Stortford, Essex CM22 6LS3
£420K12/221.25 mi9, Jenkins Drive, Elsenham, Bishop's Stortford, Essex CM22 6JP3
£360K07/221.26 mi6, Alsa Gardens, Elsenham, Bishop's Stortford, Essex CM22 6HD3
£375K10/221.26 mi37, Markwells, Elsenham, Bishop's Stortford, Essex CM22 6LT3
£387.5K09/211.26 mi1, Markwells, Elsenham, Bishop's Stortford, Essex CM22 6LT3
£375K09/211.26 mi17, Markwells, Elsenham, Bishop's Stortford, Essex CM22 6LT3
£325K02/211.26 mi23, Markwells, Elsenham, Bishop's Stortford, Essex CM22 6LT3
£343.5K03/211.26 mi27, Markwells, Elsenham, Bishop's Stortford, Essex CM22 6LT3
£547.5K10/221.27 miCamellia Cottage, The Cross, Elsenham, Bishop's Stortford, Essex CM22 6DG3
£310K11/201.27 miParkfield, Park Road, Elsenham, Bishop's Stortford, Essex CM22 6DE3
£355K04/211.28 mi14, Alsa Gardens, Elsenham, Bishop's Stortford, Essex CM22 6HD3
£345K09/211.28 mi11, Alsa Gardens, Elsenham, Bishop's Stortford, Essex CM22 6HD3
£375K11/211.29 mi5, De Mandeville Road, Elsenham, Bishop's Stortford, Essex CM22 6LR3
£375K10/221.29 mi26, De Mandeville Road, Elsenham, Bishop's Stortford, Essex CM22 6LR3
£432.5K04/231.3 miThe Villa, High Street, Elsenham, Bishop's Stortford, Essex CM22 6DD3
£335K12/211.3 mi43, Alsa Gardens, Elsenham, Bishop's Stortford, Essex CM22 6HB3
£350K04/231.3 mi31, Alsa Gardens, Elsenham, Bishop's Stortford, Essex CM22 6HB3
£381K12/221.31 mi38, Alsa Gardens, Elsenham, Bishop's Stortford, Essex CM22 6HB3
£445K08/211.32 mi11, Orchard Crescent, Elsenham, Bishop's Stortford, Essex CM22 6FJ3
£385K06/221.35 mi4, Alsa Leys, Elsenham, Bishop's Stortford, Essex CM22 6JS3
£361K08/211.35 mi27, Alsa Leys, Elsenham, Bishop's Stortford, Essex CM22 6JS3
£370K08/211.36 mi8, Bedwell Road, Ugley, Bishop's Stortford, Essex CM22 6HG3
£275K02/211.39 mi2, Glebe End, Elsenham, Bishop's Stortford, Essex CM22 6EL3
£370K05/231.39 mi35, Glebe End, Elsenham, Bishop's Stortford, Essex CM22 6EL3
£315K05/211.39 mi30, Glebe End, Elsenham, Bishop's Stortford, Essex CM22 6EL3
£366K09/201.4 miThe Laurels, Robin Hood Road, Elsenham, Bishop's Stortford, Essex CM22 6EH3
£441K12/221.43 mi27, Mill Close, Elsenham, Bishop's Stortford, Essex CM22 6EG3
£450K05/221.51 mi11, Mill Close, Elsenham, Bishop's Stortford, Essex CM22 6EG3
£415K05/211.51 mi25, Mill Close, Elsenham, Bishop's Stortford, Essex CM22 6EG3
£585K03/211.64 mi2, Stansted Road, Elsenham, Bishop's Stortford, Essex CM22 6LJ3
£500.3K08/211.64 miSouth View, Stansted Road, Elsenham, Bishop's Stortford, Essex CM22 6LJ3

Local Rents

19 rents from £1.1K/mo to £6K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50007/240.26 mi-3
£1,27512/240.28 miHigh Street, Henham, Bishop's Stortford2
£3,00012/240.8 miOld Mead Lane, Henham4
£1,40012/241.17 miHailes Wood, Elsenham2
£1,30012/241.23 miOziers, Elsenham, Bishop's Stortford, CM222
£1,30003/241.23 mi-2
£1,15012/241.29 miGold Close, Elsenham2
£1,50001/251.35 mi-3
£1,49502/251.41 mi-3
£2,00012/241.74 miUgley, Bishop's Stortford Herts, CM223
£1,50012/241.88 miMay Walk, Elsenham Road2
£1,50012/241.88 miElsenham Road, Stansted2
£2,50012/241.98 miSt. Marys Mews, Broxted Dunmow, CM63
£5,99512/242.02 miChurch End, Broxted, Dunmow, Essex, CM64
£5,00012/242.18 mi-3
£3,25003/252.18 mi-3
£1,50012/242.38 miEastfields Stables, Elsenham, CM242
£1,50012/242.38 miEastfield Stables, Elsenham, CM242
£1,50012/242.38 miEastfield Stables, Elsenham, CM242

Local Area Statistics

Population in CM22

13,712

Population in Bishop's Stortford

54,088

Town centre distance

5.60 miles away

Nearest school

3.10 miles away

Nearest train station

1.12 miles away

 

 

Rental growth (12m)

+4%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £325,000

November 5, 2024

Floor Plans

Description

  • Semi-detached home +
  • Scope for modernisation and enlargement (stpp) +
  • Good sized plot +
  • Tucked-away location +
  • Views to open countryside +
  • No upward chain +

One of a pair of semi-detached cottages set in a tucked-away location at the end of the lane. The property offers huge scope for modernisation and enlargement, subject to needs and relevant approval.

Ground Floor -

Entrance Hall - Obscure glazed entrance door and double glazed window to the side aspect, staircase rising to the first floor with storage cupboard under.

Sitting Room - Wide double glazed window to the front aspect overlooking the garden and open fireplace with tiled surround and hearth.

Kitchen/Breakfast Room - Fitted with a range of base and eye level units with worktop space over, sink unit, solid fuel Rayburn range and double glazed windows to the rear aspect overlooking the garden.

Side Lobby - Glazed door providing access to the side path and further door to:

Utility/Store - Fitted shelving and door to:

Cloakroom - Comprising high level WC, wash basin and obscure double glazed window.

First Floor -

Landing - Double glazed window to the side aspect, access to the loft space and airing cupboard housing the hot water cylinder.

Bedroom 1 - Wide double glazed window to the rear aspect overlooking the garden.

Bedroom 2 - Wide double glazed window to the front aspect overlooking the garden and surroundings.

Bedroom 3 - A dual aspect room with double glazed windows to the front and side aspects, together with overstairs storage cupboard.

Bathroom - Comprising panelled bath, high level WC, wash basin and obscure double glazed window.

Outside - The property is set in a tucked-away location at the end of the lane. To the front of the property is a lawned garden with pathway leading to the front door. The garden extends to the rear of the property with views over the adjoining countryside.

Agent's Notes - The adjoining cottage is also available for sale, to be purchased individually or as a pair.

•Tenure - Freehold
•Council Tax Band - C
•Property Type - Semi-detached house
•Property Construction - Brick with tiled roof
•Number & Types of Room - Please refer to the floorplan
•Square Footage - 983.39
•Parking - On-street parking
UTILITIES/SERVICES
•Electric Supply - Mains
•Water Supply - Mains
•Sewerage - Mains
•Heating - Solid fuel Rayburn and open fire
•Broadband - Not connected, but Fibre to the Cabinet available in area
•Mobile Signal/Coverage - OK
BUILDING SAFETY
•The vendor has made us aware that, to the best of their knowledge, there is no asbestos present at the property.
•The vendor has made us aware that, to the best of their knowledge, there is no unsafe cladding present at the property.
•The vendor has made us aware that, to the best of their knowledge, the property is not at risk of collapse.
ACCESSIBILITY/ADAPTATIONS
•The vendor has made us aware that, to the best of their knowledge, there have been no adaptations made to the property for accessibility requirements during their ownership.

Viewings - By appointment through the Agents.

Agent Details

Cheffins Residential, Saffron Walden

01799 619642

Next Steps?

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