3 Bed Terraced House, Refurb/BRRR, Chelmsford, CM2 8AU, £315,000

Robin Way, Chelmsford, CM2 8AU - 4 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£280K - £910K
Sold Prices/m²£3.3K/m² - £5.7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.4K/m²

Value Estimate

£318,150

 

 

End Value (After Refurb)

£373,262

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£13,900

Refurb Costs

£45,472

Bridging Loan Interest

£8,269

Total Cash In

£148,141

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£373,262

Mortgage (After Refinance)

£279,946

Mortgage LTV

75%

Cash Released

£43,696

Cash Left In

£104,444

Equity

£93,315

Rent Range

£1,500 - £1,800

Rent Estimate

£1,896

Running Costs/mo

£1,566

Cashflow/mo

£330

Cashflow/yr

£3,964

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £280K to £910K, average is £367.5K. £3.3K/m² to £5.7K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£372K06/230.03 mi85, Robin Way, Chelmsford, Essex CM2 8AT3
£380K05/230.03 mi43, Robin Way, Chelmsford, Essex CM2 8AT3
£365K12/220.03 mi97, Robin Way, Chelmsford, Essex CM2 8AU3
£305K03/210.07 mi284, Linnet Drive, Chelmsford, Essex CM2 8AJ3
£365K12/220.07 mi254, Linnet Drive, Chelmsford, Essex CM2 8AJ3
£370K01/230.08 mi368, Linnet Drive, Chelmsford, Essex CM2 8AL3
£288K12/200.1 mi392, Linnet Drive, Chelmsford, Essex CM2 8AL3
£370K08/230.1 mi170, Linnet Drive, Chelmsford, Essex CM2 8AQ3
£305K01/210.1 mi346, Linnet Drive, Chelmsford, Essex CM2 8AL3
£288K12/200.1 mi392, Linnet Drive, Chelmsford, Essex CM2 8AL3
£310K11/210.12 mi522, Linnet Drive, Chelmsford, Essex CM2 8AN3
£370K08/210.13 mi117, Linnet Drive, Chelmsford, Essex CM2 8AG3
£300K01/230.14 mi74, Goshawk Drive, Chelmsford, Essex CM2 8XP3
£340K04/210.15 mi113, Goshawk Drive, Chelmsford, Essex CM2 8XP3
£429K02/230.15 mi3, Linnet Drive, Chelmsford, Essex CM2 8AB3
£290K04/210.17 mi30, Osprey Way, Chelmsford, Essex CM2 8AP3
£390K12/200.17 mi47, Osprey Way, Chelmsford, Essex CM2 8XU3
£390K01/230.17 mi43, Osprey Way, Chelmsford, Essex CM2 8XU3
£329K06/210.18 mi22, Firtree Rise, Chelmsford, Essex CM2 9HS3
£375K12/200.18 mi13, Dove Lane, Chelmsford, Essex CM2 8AX3
£280K12/200.19 mi32, Firtree Rise, Chelmsford, Essex CM2 9HS3
£385K04/230.2 mi22, Kestrel Walk, Chelmsford, Essex CM2 8XS3
£390K07/210.2 mi574, Galleywood Road, Chelmsford, Essex CM2 8BX3
£382K04/230.2 mi71, Heath Drive, Chelmsford, Essex CM2 9HF3
£310K12/200.2 mi11, Swallow Path, Chelmsford, Essex CM2 8XT3
£310K06/210.21 mi6, Magnolia Close, Chelmsford, Essex CM2 9HU3
£398K03/230.21 mi12, Magnolia Close, Chelmsford, Essex CM2 9HU3
£372.5K03/210.21 mi33, Magnolia Close, Chelmsford, Essex CM2 9HU3
£373K02/230.22 mi46, Heath Drive, Chelmsford, Essex CM2 9HE3
£293K03/210.22 mi6, Plover Walk, Chelmsford, Essex CM2 8XX3
£317K11/200.22 mi31, Plover Walk, Chelmsford, Essex CM2 8XX3
£350K03/210.23 mi21, Hawfinch Walk, Chelmsford, Essex CM2 8BD3
£370K06/210.24 mi43, Maple Drive, Chelmsford, Essex CM2 9HR3
£301K05/210.24 mi109, Heath Drive, Chelmsford, Essex CM2 9HG3
£326.1K07/210.24 mi104, Heath Drive, Chelmsford, Essex CM2 9HG3
£305K05/230.24 mi11, Peregrine Drive, Chelmsford, Essex CM2 8XY3
£325K05/210.24 mi47, Peregrine Drive, Chelmsford, Essex CM2 8XY3
£340K06/210.26 mi57, Hawfinch Walk, Chelmsford, Essex CM2 8BE3
£288K11/200.29 mi15, Cormorant Walk, Chelmsford, Essex CM2 8BG3
£417K03/230.3 mi42, Heath Drive, Chelmsford, Essex CM2 9HD3
£380K02/210.3 mi243, Linnet Drive, Chelmsford, Essex CM2 8AZ3
£360K09/210.3 mi63, Laburnum Drive, Chelmsford, Essex CM2 9NS3
£370K05/210.3 mi1, Goshawk Drive, Chelmsford, Essex CM2 8XN3
£390K03/210.31 mi21, Heath Drive, Chelmsford, Essex CM2 9HB3
£380K02/210.31 mi243, Linnet Drive, Chelmsford, Essex CM2 8AZ3
£440K05/230.34 mi27, Juniper Drive, Chelmsford, Essex CM2 9HL3
£395K05/230.34 mi31, Juniper Drive, Chelmsford, Essex CM2 9HL3
£280K04/210.34 mi101, Lime Walk, Chelmsford, Essex CM2 9NJ3
£372K03/210.34 mi110, Lime Walk, Chelmsford, Essex CM2 9NJ3
£910K06/210.35 mi107, Longstomps Avenue, Chelmsford, Essex CM2 9BZ3

Local Rents

11 rents from £1.5K/mo to £1.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,55002/240.08 mi-3
£1,57505/240.08 mi-3
£1,55002/240.09 mi-3
£1,50003/240.1 miLinnet Drive, Tile Kiln, Chelmsford, CM2 8AL3
£1,52503/240.12 miLinnet Drive, Chelmsford3
£1,80005/240.15 mi-3
£1,50010/230.18 miPlane Tree Close, Chelmsford, Essex, CM23
£1,80004/250.22 mi-3
£1,80003/250.31 mi-3
£1,52502/240.42 mi-3
£1,65004/240.51 miCypress Drive, Chelmsford, Essex, CM23

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.77 miles away

Nearest school

0.10 miles away

Nearest train station

1.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £315,000

November 8, 2024

Floor Plans

Description

  • No onward chain +
  • In need of some modernisation +
  • Walkway location +
  • Garage to rear +
  • Close proximity to local parade of shops +
  • Mildmay Primary School catchment +
  • Open plan lounge/diner +
  • Fitted kitchen overlooking the rear garden +
  • Close proximity to Chelmer Park Play area +
  • Popular Tile Kiln location +

This terraced house in Chelmsford offers a fantastic opportunity for buyers looking to put their own stamp on a property. With no onward chain, this family home is situated in a sought-after walkway location with the added bonus of a garage to the rear.

The property features an open plan lounge/diner, providing a spacious and versatile living area. The fitted kitchen overlooks the rear garden, offering a pleasant space for meal preparation. The property is conveniently located close to a local parade of shops, making it easy to access everyday amenities. For families with young children, the property falls within the catchment area for Mildmay Primary School, providing excellent educational opportunities. Additionally, the popular Tile Kiln location offers a peaceful residential setting with easy access to Chelmsford city centre.

In terms of leisure activities, Chelmsford has plenty to offer. The nearby Chelmer Park Play area provides a fun and safe space for children to enjoy outdoor play. The city itself is home to a wide range of shopping, dining, and entertainment options, including the bustling High Chelmer shopping centre and the lively Bond Street area. Furthermore, Chelmsford benefits from excellent transport links, with the train station providing regular services to London and beyond. Whether you're looking to explore the local area or commute to the capital for work, Chelmsford offers a convenient and well-connected location for residents.

Tenure: Freehold

Band C is the Council Tax band for this property and the annual council tax bill is £1,852.88.

As an integral part of the community, we’ve gotten to know the best professionals for the job. If we recommend one to you, it will be in good faith that they’ll make the process as smooth as can be. Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200. You are under no obligation to use a third party we have recommended.

Should you successfully have an offer accepted on a property of ours and proceed to purchase it there is an administration charge of £30 inc. VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.

Entrance porch

Lounge area
4.62 m x 4.14 m (15'2" x 13'7")

Dining area
2.97 m x 2.57 m (9'9" x 8'5")

Kitchen
3.91 m x 1.98 m (12'10" x 6'6")

Landing

Bedroom 1
4.39 m x 2.72 m (14'5" x 8'11")

Bedroom 2
3.05 m x 2.18 m (10'0" x 7'2")

Bedroom 3
2.74 m x 1.83 m (9'0" x 6'0")

Bathroom

Agent Details

HOME, Chelmsford

01245 945628

Next Steps?

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