2 Bed Terraced House, Planning Permission, Chelmsford, CM1 1AE, £400,000

Hardy Close, Chelmsford, CM1 1AE - 2 views - 3 months ago

Planning
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£257K - £450K
Sold Prices/m²£3.4K/m² - £7.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£330,274

 

 

End Value (After Refurb)

£418,500

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£33,103

Bridging Loan Interest

£10,500

Total Cash In

£168,053

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£418,500

Mortgage (After Refinance)

£313,875

Mortgage LTV

75%

Cash Released

£13,875

Cash Left In

£154,178

Equity

£104,625

Rent Range

£1,200 - £2,800

Rent Estimate

£1,571

Running Costs/mo

£1,642

Cashflow/mo

£-71

Cashflow/yr

£-852

Gross Yield

5%

Local Sold Prices

50 sold prices from £257K to £450K, average is £331.3K. £3.4K/m² to £7.9K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£330K02/210.25 mi4, Seymour Street, Chelmsford, Essex CM2 0RX2
£380K03/230.27 mi63, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£450K01/230.27 mi85, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£355K02/210.27 mi51, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£430K03/230.27 mi39, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£405K02/230.27 mi81, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£280K03/210.28 mi42, South Primrose Hill, Chelmsford, Essex CM1 2RG2
£320K10/200.28 mi34, South Primrose Hill, Chelmsford, Essex CM1 2RG2
£325K03/210.29 mi17, New Writtle Street, Chelmsford, Essex CM2 0RR2
£330K06/210.29 mi16, New Writtle Street, Chelmsford, Essex CM2 0RR2
£325K11/200.29 mi21, Primrose Hill, Chelmsford, Essex CM1 2RH2
£325K11/200.29 mi45, Primrose Hill, Chelmsford, Essex CM1 2RH2
£329K03/210.31 mi6, Upper Bridge Road, Chelmsford, Essex CM2 0RT2
£302K10/210.31 mi17, Townfield Street, Chelmsford, Essex CM1 1QJ2
£257K06/230.32 mi5, Townfield Street, Chelmsford, Essex CM1 1QJ2
£320K11/210.33 mi53, Baker Street, Chelmsford, Essex CM2 0SA2
£285K06/230.36 mi26, Townfield Street, Chelmsford, Essex CM1 1QL2
£410K02/230.38 mi81, Lower Anchor Street, Chelmsford, Essex CM2 0AU2
£310K05/210.39 mi89, Bradford Street, Chelmsford, Essex CM2 0BG2
£322.5K07/230.41 mi160, Rainsford Road, Chelmsford, Essex CM1 2PD2
£335K02/230.42 mi170, Upper Bridge Road, Chelmsford, Essex CM2 0BB2
£345K01/210.42 mi148, Upper Bridge Road, Chelmsford, Essex CM2 0BB2
£350K12/200.43 mi31, Victoria Crescent, Chelmsford, Essex CM1 1QF2
£351K04/230.43 mi25, Victoria Crescent, Chelmsford, Essex CM1 1QF2
£425K12/220.48 mi14, Anchor Street, Chelmsford, Essex CM2 0JY2
£318K09/210.48 mi10, Anchor Street, Chelmsford, Essex CM2 0JY2
£325K06/210.48 mi4, Lombardy Place, Chelmsford, Essex CM1 1PZ2
£320K11/200.5 mi12, Belle Vue, Chelmsford, Essex CM2 0BD2
£312.5K02/210.51 mi148, Moulsham Street, Chelmsford, Essex CM2 0LD2
£312.5K02/210.51 mi148, Moulsham Street, Chelmsford, Essex CM2 0LD2
£325K06/230.52 mi264, Rainsford Road, Chelmsford, Essex CM1 2PN2
£425K06/210.53 mi31, Beeches Road, Chelmsford, Essex CM1 2RX2
£405K02/230.53 mi35, Beeches Road, Chelmsford, Essex CM1 2RX2
£332.5K09/210.55 mi2, Marconi Road, Chelmsford, Essex CM1 1QB2
£357K12/200.55 mi29, Marlborough Road, Chelmsford, Essex CM2 0JR2
£360K06/230.55 mi64, Rectory Lane, Chelmsford, Essex CM1 1RE2
£340K03/210.55 mi134, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£330K04/210.55 mi104, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£350K01/210.55 mi93, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£265K06/210.55 mi124, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£309K01/210.55 mi5, Park Avenue, Chelmsford, Essex CM1 2AB2
£430K07/230.57 mi32, Bishop Road, Chelmsford, Essex CM1 1PX2
£350K06/210.57 mi14, Grove Road, Chelmsford, Essex CM2 0EY2
£380K06/210.58 mi15, Hamlet Road, Chelmsford, Essex CM2 0EU2
£273K10/200.58 mi119, Upper Bridge Road, Chelmsford, Essex CM2 0BA2
£275K11/210.59 mi48, Roman Road, Chelmsford, Essex CM2 0HB2
£335K12/200.59 mi60, Henry Road, Chelmsford, Essex CM1 1RG2
£392K12/200.59 mi9, Nursery Road, Chelmsford, Essex CM2 9PJ2
£360K05/210.61 mi86, Waterhouse Street, Chelmsford, Essex CM1 2TZ2
£350K01/210.61 mi73, Waterhouse Street, Chelmsford, Essex CM1 2TZ2

Local Rents

50 rents from £1.2K/mo to £2.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,65002/240.04 mi-2
£1,38502/250.07 mi-2
£2,50002/250.08 mi-2
£1,30001/240.08 mi-2
£2,35004/250.12 mi-2
£1,30003/250.13 mi-2
£1,62504/240.15 miWicks Place, CHELMSFORD2
£1,49504/240.15 miWicks Place, CHELMSFORD2
£1,56512/240.15 miWicks Place, Chelmsford City Centre2
£1,69512/240.15 miWicks Place, Chelmsford City Centre2
£2,80005/240.15 mi-2
£1,55003/250.15 mi-2
£2,80002/250.15 mi-2
£2,80001/250.15 mi-2
£2,80001/250.15 mi-2
£1,50003/240.17 miKings Tower, Chelmsford2
£1,20004/240.17 mi-2
£1,45005/240.18 miMarconi Plaza, Chelmsford2
£1,60003/240.19 miBurgess Springs, Chelmsford, CM12
£1,62503/240.19 miBurgess Springs, Chelmsford, CM12
£1,60003/240.19 miBurgess Springs, Chelmsford, CM12
£1,57504/240.19 miBurgess Springs, Chelmsford, CM12
£1,52504/240.19 miBurgess Springs, Chelmsford, CM12
£1,60005/240.19 miBurgess Springs, Chelmsford, CM12
£1,60005/240.19 miBurgess Springs, Chelmsford, CM12
£1,60005/240.19 miBurgess Springs, Chelmsford, CM12
£1,29504/240.2 miLesley Court, Rainsford Road, Chelmsford2
£1,50005/240.2 miWells Crescent, Town Centre2
£1,45003/240.2 miKings Tower, Chelmsford2
£1,50004/240.2 miKings Tower, City Centre2
£1,50005/240.2 miWells Crescent, Chelmsford2
£1,35004/240.2 miWest One, 7-13 Rainsford Road, Chelmsford2
£1,60003/240.21 miBurgess Springs, CHELMSFORD2
£1,56504/240.21 miMiddleditch Court, Burgess Springs, CHELMSFORD2
£1,49504/240.21 miEssex County Cricket Ground, Chelmsford, CM22
£1,49504/240.21 mi-2
£1,50004/240.21 miCentury Tower, Shire Gate, Chelmsford2
£1,50005/240.21 miCentury Tower, Shire Gate, Chelmsford2
£1,55001/250.21 mi-2
£1,49504/240.21 miCentury Tower, Chelmsford, CM22
£1,47504/240.21 miCentury Tower, Shire Gate, Chelmsford2
£1,47504/240.21 miCentury Tower, Shire Gate, Chelmsford2
£1,62503/240.22 miBurgess Springs, Chelmsford, CM12
£1,60003/240.22 miBurgess Springs, Chelmsford, CM12
£1,60003/240.22 miBurgess Springs, Chelmsford, CM12
£1,60004/240.22 miBurgess Springs, Chelmsford, CM12
£1,59504/240.22 miBurgess Springs, Chelmsford, CM12
£1,59504/240.22 miBurgess Springs, Chelmsford, CM12
£1,57505/240.22 miBurgess Springs, Chelmsford, CM12
£1,35004/240.22 miCENTURY TOWER, Shire Gate, Chelmsford2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.21 miles away

Nearest school

0.40 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £400,000

February 12, 2025

Listed for £425,000

December 26, 2024

Description

  • Close access to central Park +
  • Two Bedroom Mid Terrace Home +
  • Local To Chelmsford City Centre +
  • Allocated Parking +
  • Downstairs WC +
  • Large Maintained Garden +

This delightful two-bedroom mid-terrace home offers a perfect blend of modern living and comfortable design, ideal for a variety of lifestyles. The exterior boasts a well-maintained brick finish, enhanced by the addition of solar panels on the roof, reflecting the home's commitment to energy efficiency and sustainability. A paved driveway adds convenience and ease of access, completing the inviting curb appeal.

Upon entering, the home opens to a bright and welcoming living space, thoughtfully designed to create a cozy yet functional environment. The living and dining area benefits from large patio doors that flood the space with natural light and provide seamless access to the rear garden, making it ideal for entertaining or relaxing.

The kitchen is modern and stylish, fitted with sleek cabinets and integrated appliances, ensuring a practical yet sophisticated space for cooking and everyday use. Upstairs, the home features two well-proportioned bedrooms that offer flexibility for use as sleeping quarters, a home office, or guest rooms.

The real highlight is the private rear garden, which has been well-maintained and provides a peaceful outdoor retreat. Enclosed by sturdy wooden fencing, the garden features a neatly trimmed lawn and storage sheds for added utility. Whether you’re enjoying a sunny afternoon outdoors or looking for a serene space to unwind, this garden delivers a perfect balance of functionality and tranquility. The inclusion of solar panels not only complements the eco-conscious aspects of the property but also contributes to reducing energy costs, making this home both a smart and stylish choice.

The property has been granted planning permission for a loft conversion and a rear ground floor extension

Don't miss this opportunity to secure a lovely home in one of Chelmsford's most desirable locations. Contact us today to arrange a viewing and experience all this property has to offer!

Chelmsford, the county city of Essex, offers a perfect blend of urban convenience and countryside charm. Known for its historic landmarks, such as the stunning Chelmsford Cathedral and the 18th-century Hylands House, Chelmsford seamlessly combines rich heritage with modern living.

The city boasts a vibrant shopping scene, with a mix of high-street brands, independent boutiques, and the bustling Bond Street shopping complex. Food enthusiasts will appreciate the diverse range of restaurants, cafes, and pubs, catering to all tastes. For entertainment, Chelmsford hosts a variety of cultural events and features a lively arts scene with theatres, cinemas, and music venues.

Families are drawn to Chelmsford for its excellent educational facilities, including highly-rated primary and secondary schools, as well as the well-regarded Anglia Ruskin University. Outdoor enthusiasts will enjoy the numerous parks, green spaces, and the picturesque River Chelmer, perfect for leisurely walks and cycling.

With superb transport links, including a mainline train station offering direct services to London Liverpool Street in just over 30 minutes, and easy access to major roads like the A12 and A130, Chelmsford is an ideal location for commuters. This dynamic city offers a high quality of life, making it a popular choice for families, professionals, and retirees alike.

Agent Details

haart, Chelmsford

01245 945473

Next Steps?

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