3 Bed Semi-Detached House, Refurb/BRRR, Chelmsford, CM2 7BX, £400,000

Baddow Hall Crescent, Great Baddow, Chelmsford, CM2 7BX - 1 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£230K - £750K
Sold Prices/m²£2.6K/m² - £7.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£385,878

 

 

End Value (After Refurb)

£409,694

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£45,472

Bridging Loan Interest

£10,500

Total Cash In

£178,422

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£409,694

Mortgage (After Refinance)

£307,271

Mortgage LTV

75%

Cash Released

£7,271

Cash Left In

£171,151

Equity

£102,424

Rent Range

£1,500 - £2,300

Rent Estimate

£1,752

Running Costs/mo

£1,651

Cashflow/mo

£101

Cashflow/yr

£1,216

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £230K to £750K, average is £406K. £2.6K/m² to £7.9K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£585K03/230 mi83, Baddow Hall Crescent, Chelmsford, Essex CM2 7BX3
£476K08/210.04 mi51, Baddow Hall Crescent, Chelmsford, Essex CM2 7BX3
£495K06/210.08 mi12, Isaac Square, Great Baddow, Chelmsford, Essex CM2 7PP3
£320K01/210.09 mi34, Baden Powell Close, Great Baddow, Chelmsford, Essex CM2 7GA3
£390K06/210.09 mi31, Baden Powell Close, Great Baddow, Chelmsford, Essex CM2 7GA3
£365K05/230.09 mi26, Baden Powell Close, Great Baddow, Chelmsford, Essex CM2 7GA3
£405K08/230.12 mi16, Pawle Close, Great Baddow, Chelmsford, Essex CM2 7AY3
£325K02/210.12 mi21, Harrow Way, Chelmsford, Essex CM2 7AS3
£360K03/210.12 mi14, Harrow Way, Chelmsford, Essex CM2 7AS3
£290K11/200.12 mi16, Pawle Close, Great Baddow, Chelmsford, Essex CM2 7AY3
£415K06/210.12 mi7, Baddow Hall Crescent, Chelmsford, Essex CM2 7BY3
£310K09/210.14 mi35, Harrow Way, Chelmsford, Essex CM2 7AT3
£430K03/210.14 mi133, Baddow Hall Crescent, Chelmsford, Essex CM2 7BU3
£406K02/210.14 mi5, Barrington Close, Chelmsford, Essex CM2 7AX3
£475K05/230.16 mi98, Molrams Lane, Great Baddow, Chelmsford, Essex CM2 7AL3
£700K12/220.16 mi92, Molrams Lane, Great Baddow, Chelmsford, Essex CM2 7AL3
£377K01/210.18 mi13, Baddow Hall Avenue, Chelmsford, Essex CM2 7BN3
£365K12/200.34 mi16, Smithers Drive, Chelmsford, Essex CM2 7JP3
£428K01/210.34 mi14, Smithers Drive, Chelmsford, Essex CM2 7JP3
£390K04/210.35 mi2, Baddow Place Avenue, Chelmsford, Essex CM2 7JN3
£715K04/210.46 mi11, Bell Street, Great Baddow, Chelmsford, Essex CM2 7JR3
£475K05/210.46 miDuckingstool Cottage, Bell Street, Great Baddow, Chelmsford, Essex CM2 7JR3
£405K05/230.48 mi8, Colley Road, Chelmsford, Essex CM2 7JQ3
£330K03/210.52 mi19, Johnson Road, Chelmsford, Essex CM2 7JL3
£412K12/200.52 mi30, Johnson Road, Chelmsford, Essex CM2 7JL3
£525K11/200.55 mi70, Vicarage Lane, Great Baddow, Chelmsford, Essex CM2 8HY3
£360K12/200.57 mi21, The Dell, Great Baddow, Chelmsford, Essex CM2 7JY3
£430K02/230.57 mi19, The Dell, Great Baddow, Chelmsford, Essex CM2 7JY3
£425K06/210.59 mi3, Greenland Gardens, Great Baddow, Chelmsford, Essex CM2 8ZF3
£385K03/230.65 mi23, Park View Crescent, Great Baddow, Chelmsford, Essex CM2 8HX3
£376K12/200.72 mi18, Heycroft Way, Chelmsford, Essex CM2 8JG3
£450K06/210.72 mi8, Oldbury Avenue, Chelmsford, Essex CM2 7EB3
£376K12/200.73 mi18, Heycroft Way, Chelmsford, Essex CM2 8JG3
£420K02/230.75 mi2, Elm Close, Great Baddow, Chelmsford, Essex CM2 8DX3
£475K09/210.78 mi9, Longfield Road, Chelmsford, Essex CM2 7QH3
£465K04/210.78 mi4, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE3
£465K04/210.78 mi4, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE3
£502.5K01/210.84 mi72, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£335K12/200.84 mi280, Meadgate Avenue, Chelmsford, Essex CM2 7LN3
£320K04/210.85 mi12, Longmore Avenue, Chelmsford, Essex CM2 7NT3
£750K11/210.89 mi26, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£550K08/210.89 mi45, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£325K05/210.89 mi70, Noakes Avenue, Chelmsford, Essex CM2 8EW3
£495K12/220.9 mi18, Chelmerton Avenue, Chelmsford, Essex CM2 9RE3
£230K02/210.9 mi39, Dorset Avenue, Chelmsford, Essex CM2 9UA3
£492K02/210.9 mi84, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£550K02/230.9 mi82, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£290K06/210.91 mi93, Noakes Avenue, Chelmsford, Essex CM2 8EW3
£305K09/210.92 mi208, Meadgate Avenue, Chelmsford, Essex CM2 7LL3
£325K12/200.93 mi1, Spring Pond Close, Chelmsford, Essex CM2 7LX3
£400K02/230.98 mi15, Canford Close, Chelmsford, Essex CM2 9RG3

Local Rents

16 rents from £1.5K/mo to £2.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,70003/240.05 miGilmore Place, Great Baddow3
£1,50004/240.05 miStuart Close, CM23
£1,89505/240.58 miGreenland Gardens, Great Baddow, CM23
£1,55004/240.9 miDorset Avenue, CHELMSFORD3
£2,30002/240.9 mi-3
£1,79505/240.91 miNoakes Avenue, CHELMSFORD3
£1,69510/230.99 miNoakes Avenue, Chelmsford, Essex, CM23
£1,80011/241 mi-3
£1,85004/241.01 miStorms Way, Chelmsford, CM2 6NU3
£1,55012/241.01 miMeadgate Avenue, Chelmsford3
£1,65004/241.01 mi-3
£1,85004/241.02 mi-3
£1,55003/241.1 miGerard Gardens, Great Baddow3
£2,10001/251.15 mi-3
£1,89504/241.22 miGoodwin Close, CHELMSFORD3
£1,55001/251.23 mi-3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

2.45 miles away

Nearest school

0.20 miles away

Nearest train station

2.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £400,000

December 4, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Driveway & Carport +
  • Exceptional Rear Garden +
  • NO ONWARD CHAIN +
  • Massive potential +

SUMMARY
NOW ON THE OPEN MARKET Situated in a highly desired area of 'Great Baddow' is this three bedroom semi-detached home. In need of modernisation however offering endless potential whilst being offered with NO ONWARD CHAIN and benefiting from a driveway, carport and spacious rear garden

DESCRIPTION
The property is conveniently located with easy access to local amenities and travel links. Great Baddow is a very popular area with home buyers and offers a selection of primary and secondary schools.

There are a selection of local shops, restaurants and takeaways within close proximity of the property as well as regular bus services to the city centre and nearby towns with bus stops located in the local vicinity as well as the park and ride to take you directly into Chelmsford City Centre. The property is conveniently positioned offering excellent access to the A12 for those travelling north or south of Chelmsford.

Chelmsford is a rapidly growing city with comprehensive shopping facilities on offer which include the highly acclaimed Bond Street shopping complex as well as two shopping precincts, the city centre offers a wide array of independent and chain restaurants with cuisines from around the world on offer, there is a thriving nightlife with a collection of wine bars and leisure facilities including Riverside Ice Rink. Chelmsford station provides regular and fast services to London Liverpool Street, with journey times as quick as 34 minutes.

Ground Floor 

Entrance Hall 
Storage and radiator

Cloakroom 
W/C

Lounge 15' 9" x 10' 5" ( 4.80m x 3.17m )
Window to front and radiator

Dining Room 9' 10" x 8' 2" ( 3.00m x 2.49m )
Open window to kitchen

Kitchen 15' 11" x 15' 5" ( 4.85m x 4.70m )
Window to rear. Boiler and radiator

Conservatory 9' 4" x 9' 4" ( 2.84m x 2.84m )

First Floor 

Landing 
Overstair storage

Bedroom One 9' 11" x 9' 11" ( 3.02m x 3.02m )
Bay window to front and radiator

Bedroom Two 11' 11" x 9' 9" ( 3.63m x 2.97m )
Window to rear. Radiator and integrated wardrobe

Bedroom Three 6' 9" x 6' ( 2.06m x 1.83m )
Window to front and radiator

Bathroom 8' 1" x 5' 10" ( 2.46m x 1.78m )
Bath/shower and radiator

Exterior 

Rear Garden 
Workshop and shed. Rear access

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Chelmsford South

01245 945288

Next Steps?

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