4 Bed Bungalow, Planning Permission, Chelmsford, CM1 2PJ, £800,000

Rainsford Avenue, Nr City Centre, Chelmsford, CM1 2PJ - 4 months ago

Planning
~129 m²
+20 photos

ValuationOvervalued

Sold Prices£347.5K - £925K
Sold Prices/m²£2.8K/m² - £9.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£6.2K/m²

Value Estimate

£604,470

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£200,000

Stamp Duty & Legal Fees

£68,700

Total Cash In

£268,700

 

 

Cash Out

 

Rent Range

£650 - £3,000

Rent Estimate

£1,525

Running Costs/mo

£2,825

Cashflow/mo

£-1,300

Cashflow/yr

£-15,600

Gross Yield

2%

Local Sold Prices

50 sold prices from £347.5K to £925K, average is £567.5K. £2.8K/m² to £9.5K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£423K08/230.28 mi57, Coval Lane, Chelmsford, Essex CM1 1TG4
£347.5K11/200.28 mi57, Coval Lane, Chelmsford, Essex CM1 1TG4
£460K04/210.29 mi70, Beeches Road, Chelmsford, Essex CM1 2RX4
£905K03/210.3 mi26, Roxwell Road, Chelmsford, Essex CM1 2PP4
£571K12/200.31 mi115, Waterhouse Lane, Chelmsford, Essex CM1 2RY4
£450K03/210.31 mi113, Waterhouse Lane, Chelmsford, Essex CM1 2RY4
£450K04/230.33 mi22, Ashtree Crescent, Chelmsford, Essex CM1 2RP4
£600K04/210.35 mi4, Fitzwalter Place, Chelmsford, Essex CM1 2LX4
£612.5K02/210.35 mi81, Ridgewell Avenue, Chelmsford, Essex CM1 2GF4
£450K06/230.42 mi7, Priory Close, Chelmsford, Essex CM1 2SY4
£645K02/210.43 mi11, Acres End, Chelmsford, Essex CM1 2XR4
£740K01/210.43 mi7, Acres End, Chelmsford, Essex CM1 2XR4
£820K12/220.45 mi16, Westfield Avenue, Chelmsford, Essex CM1 1SF4
£740K03/210.46 mi4, Westfield Avenue, Chelmsford, Essex CM1 1SF4
£845K01/210.46 mi15, Westfield Avenue, Chelmsford, Essex CM1 1SF4
£740K03/210.46 mi4, Westfield Avenue, Chelmsford, Essex CM1 1SF4
£407K12/200.48 mi5, St Peters Road, Chelmsford, Essex CM1 2SR4
£735K01/230.48 mi63, Roxwell Road, Chelmsford, Essex CM1 2LY4
£772K08/230.48 mi25, Roxwell Road, Chelmsford, Essex CM1 2LY4
£610K12/220.48 mi41, Beachs Drive, Chelmsford, Essex CM1 2NJ4
£800K01/230.48 mi2b, Beachs Drive, Chelmsford, Essex CM1 2NJ4
£570K01/230.48 mi67, Beachs Drive, Chelmsford, Essex CM1 2NJ4
£650K11/200.52 mi51, Roxwell Avenue, Chelmsford, Essex CM1 2NX4
£515K03/210.53 mi28, St Catherines Road, Chelmsford, Essex CM1 2SP4
£565K08/210.59 mi20, St James Park, Chelmsford, Essex CM1 2JG4
£585K06/230.61 mi88, Roxwell Road, Chelmsford, Essex CM1 2NE4
£615K05/210.66 mi55, Chignal Road, Chelmsford, Essex CM1 2JA4
£372.5K06/230.67 mi10, Lower Anchor Street, Chelmsford, Essex CM2 0AS4
£560K01/210.68 mi1, Pines Road, Chelmsford, Essex CM1 2EY4
£440K04/210.69 mi77, Parkinson Drive, Chelmsford, Essex CM1 3GU4
£440K01/230.69 mi44, Parkinson Drive, Chelmsford, Essex CM1 3GH4
£515K11/200.7 mi17, Bishop Road, Chelmsford, Essex CM1 1PX4
£405K11/200.71 mi3, Rossendale, Chelmsford, Essex CM1 2UA4
£430K06/210.71 mi14, Rossendale, Chelmsford, Essex CM1 2UA4
£925K11/200.73 mi84, Chignal Road, Chelmsford, Essex CM1 2JB4
£725K12/220.74 mi43, Chignal Road, Chelmsford, Essex CM1 2JA4
£465K04/210.76 mi46, Writtle Road, Chelmsford, Essex CM1 3BU4
£726.5K01/210.84 mi10, First Avenue, Chelmsford, Essex CM1 1RU4
£535K06/210.86 mi128, Moulsham Street, Chelmsford, Essex CM2 0JW4
£770K06/230.86 mi117a, Moulsham Street, Chelmsford, Essex CM2 0JW4
£618K01/210.89 mi11, Pottery Lane, Chelmsford, Essex CM1 4HH4
£420K12/200.89 mi39, Hamlet Road, Chelmsford, Essex CM2 0EU4
£675K01/230.89 mi52, Second Avenue, Chelmsford, Essex CM1 4EU4
£448.6K04/210.9 mi72, Longacre, Chelmsford, Essex CM1 3BJ4
£505K09/210.9 mi1, Longacre, Chelmsford, Essex CM1 3BJ4
£545K06/230.9 mi82, Longacre, Chelmsford, Essex CM1 3BJ4
£840K08/210.94 miFoxwood, Moulsham Street, Chelmsford, Essex CM2 0JJ4
£460K03/230.95 mi25, Partridge Avenue, Chelmsford, Essex CM1 4JG4
£535K04/210.95 mi45, Partridge Avenue, Chelmsford, Essex CM1 4JG4
£460K07/230.96 mi13, Crushton Place, Chelmsford, Essex CM1 4WH4

Local Rents

50 rents from £650/mo to £3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,70012/240.13 mi-3
£1,70004/240.16 mi'The Hylands', Rainsford Road, CITY CENTRE, Chelmsford, CM1 2PD3
£1,59504/250.18 mi-3
£2,10004/240.23 mi-5
£2,10004/240.23 miRainsford Road, Chelmsford, CM15
£1,80004/240.28 miCoval Lane, Chelmsford3
£1,55002/250.29 mi-3
£1,80004/240.3 mi-3
£1,80004/240.3 miCoval Lane, Chelmsford, CM13
£1,80004/240.3 miCoval Lane3
£2,08503/240.3 miValletta Close, Chelmsford4
£2,40004/240.3 miPrykes Drive, Chelmsford, Essex, CM14
£1,90002/240.3 mi-3
£1,60005/240.38 miBroomfield Road, Chelmsford, CM13
£1,70003/240.39 mi-3
£1,90012/240.42 mi-3
£2,60007/240.42 mi-4
£2,30004/240.42 mi104 Marconi Plaza, Chelmsford, Essex, CM13
£2,15004/240.43 miSt. Fabians Drive, Chelmsford4
£2,15003/240.43 miSt. Fabians Drive, Chelmsford4
£2,15004/240.43 miSt. Fabians Drive, Chelmsford4
£2,39505/240.43 miSt. Fabians Drive, Chelmsford4
£65003/240.43 miSt. Fabians Drive, Chelmsford5
£3,00003/250.45 mi-4
£1,67504/250.46 mi-3
£2,15003/240.48 mi-4
£2,19503/250.48 mi-4
£2,15003/240.48 miSt Fabians Drive, Chelmsford, CM14
£1,55004/240.49 miThe Green, Chelmsford, CM13
£1,55004/240.49 mi-3
£1,50002/250.49 mi-3
£1,75003/240.51 miVictoria Crescent, CHELMSFORD3
£1,55004/240.51 miVictoria Crescent, CITY CENTRE, Chelmsford, CM1 1QF3
£1,75003/240.51 miCannon Mews, CHELMSFORD3
£1,75003/250.51 mi-3
£1,55003/240.54 miElms Drive, Chelmsford3
£1,55004/240.54 miElms Drive, Chelmsford3
£1,65001/240.54 mi-3
£2,60012/240.55 mi, Rectory Lane, Chelmsford, Essex, CM14
£1,70012/230.55 mi-3
£1,70012/230.55 mi-3
£2,35012/240.57 mi-4
£1,55003/250.59 mi-3
£1,55004/240.6 mi-3
£1,55004/240.6 miUpper Bridge Road, Chelmsford, CM23
£1,65002/250.61 mi-3
£1,89504/240.62 miParkinson Drive, Chelmsford4
£3,00004/250.62 mi-4
£1,60003/250.62 mi-3
£1,80004/240.62 miChignal Road, Chelmsford3

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.33 miles away

Nearest school

0.30 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £800,000

February 24, 2025

Listed for £750,000

December 26, 2024

Description

  • Unique Detached Bungalow +
  • Four Double Bedrooms +
  • Two En-Suites +
  • Excellent Potential to Extend or Develop (STP) +
  • Impressive 25' Dual Aspect Lounge +
  • Separate Dining Room +
  • Refitted KItchen & Shower Room +
  • Generous Sized Plot with Detached Garage & Parking for 8 Cars +
  • Short Walk to the City Centre +

Within a short walk to the CITY CENTRE is this VERY SPACIOUS & VERY UNIQUE detached bungalow, set on a GENEROUS PLOT with gated driveway parking for upto 8 CARS, a detached garage and excellent potential to EXTEND or DEVELOP, stpp, with some works remaining to create the new kitchen*. Internally the property currently offers FOUR DOUBLE BEDROOMS with TWO EN-SUITES, an entrance hall, dining room, an IMPRESSIVE 25' SPLIT-LEVEL LIVING AREA, utility room (currently used as kitchen) & shower room Located close to Chelmsford's grammar schools and mainline train station. Contact Hamilton Piers to view!

Ground Floor: -

Entrance Hall: - Entrance door to front, door to dining room, entrance to lounge, radiator, wood flooring.

Dining Room: - 4.09m x 2.97m (13'5" x 9'9") - Double glazed window to front, door to kitchen, radiator, wood flooring.

Utility Room (Currently Used As Kitchen): - 4.09m x 1.60m (13'5" x 5'3") - Range of base units, rolled edge work surfaces with sink inset, integrated double oven, space for fridge freezer, washing machine, dishwasher.

***NEW KITCHEN - planning permission granted and space already incorporated in the courtyard to create the new kitchen - viewing advised to understand the setup.

Lounge / Family Room: - 7.62m x 6.71m > 3.48m (25" x 22' > 11'5") - An impressive sized split-level living area with Double glazed windows and doors to side and front, doors to bedroom one, bedroom two, bedroom three, bedroom four, shower room.

Bedroom One: - 5.23m > 3.99m x 3.51m (17'2" > 13'1" x 11'6") - Two double glazed windows to rear, double glazed window to side, door to en-suite, cupboards, radiator.

En-Suite: - 2.34m x 1.75m (7'8" x 5'9") - Obscure double glazed window to front, panel bath with shower over, low level W/C, wall mounted hand wash basin, towel radiator, part tiled walls, tiled flooring.

Bedroom Two: - 5.05m x 3.53m (16'7" x 11'7") - Dual aspect double glazed windows to front, and side, radiator.

Bedroom Three: - 3.58m x 3.51m (11'9" x 11'6") - Two double glazed windows to rear, fully tiled walk in shower, radiator, woodflooring.

Bedroom Four: - 3.61m x 2.95m (11'10" x 9'8") - Double glazed window to front and rear, radiator, wood flooring.

Shower Room: - 2.34m x 1.55m (7'8" x 5'1") - Obscure double glazed window to rear, fully tiled walk in shower cubicle, low level W/C, wall mounted hand wash basin, low level W/C, part tiled walls, wood flooring.

Exterior: -

Front Garden: - Path from entrance door to driveway & garage, mature shrubs to border, rest laid to lawn, side access to rear garden.

Rear Garden: - Mature shrubs to border, rest laid to lawn.

Garage & Driveway: - Gated driveway for up to 8 cars, detached garage with up barn style doors.

Courtyard: -

Agent Details

Hamilton Piers, Chelmsford

01245 945782

Next Steps?

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