4 Bed Semi-Detached House, Planning Permission, Halstead, CO9 2ET, £525,000

120 Colchester Road, Halstead, Essex, CO9 2ET - 3 views - 4 months ago

Planning
ROI: 1%
116 m²
+15 photos

ValuationOvervalued

Sold Prices£210K - £600K
Sold Prices/m²£1.9K/m² - £5.7K/m²

 

 

Square Metres

116 m²
Price/m²£4.5K/m²

Value Estimate

£312,443

 

 

End Value (After Refurb)

£411,705

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£55,641

Bridging Loan Interest

£13,781

Total Cash In

£233,122

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£411,705

Mortgage (After Refinance)

£308,779

Mortgage LTV

75%

Cash Left In

£233,122

Equity

£102,926

Rent Range

£1,300 - £3,200

Rent Estimate

£1,970

Running Costs/mo

£1,701

Cashflow/mo

£269

Cashflow/yr

£3,233

ROI

1%

Gross Yield

5%

Local Sold Prices

32 sold prices from £210K to £600K, average is £337.5K. £1.9K/m² to £5.7K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£300K01/230.07 mi135, Colchester Road, Halstead, Essex CO9 2ES4
£595K10/210.19 mi4, Chaffinch Way, Halstead, Essex CO9 2HW4
£555K12/200.2 miBluebridge Cottage, Colchester Road, Halstead, Essex CO9 2HD4
£290K06/230.22 mi98, Colne Road, Halstead, Essex CO9 2HP4
£267.5K12/200.24 mi1, Maple Close, Halstead, Essex CO9 2SS4
£325K11/210.27 mi37, Cherry Tree Close, Halstead, Essex CO9 2UA4
£352K07/230.27 mi37, Cherry Tree Close, Halstead, Essex CO9 2UA4
£550K02/210.29 miBrook Farm House, Colchester Road, Halstead, Essex CO9 2HD4
£360K05/210.3 mi12, Meadow Close, Halstead, Essex CO9 1NA4
£357.5K07/230.3 mi12, River Close, Halstead, Essex CO9 1LZ4
£365K01/230.41 mi8, Stanstead Road, Halstead, Essex CO9 1NQ4
£250K03/210.41 mi10, Stanstead Road, Halstead, Essex CO9 1NQ4
£250K03/210.41 mi10, Stanstead Road, Halstead, Essex CO9 1NQ4
£432K02/230.47 mi15, Mathews Close, Halstead, Essex CO9 2BJ4
£590K11/220.47 mi6, Portway Court, Halstead, Essex CO9 2BP4
£310K12/200.48 miFactory Terrace, 7, Factory Lane East, Halstead, Essex CO9 2JH4
£275K12/200.48 miFactory Terrace, 12, Factory Lane East, Halstead, Essex CO9 2JH4
£315K04/210.48 miFactory Terrace, 9, Factory Lane East, Halstead, Essex CO9 2JH4
£400K10/220.48 mi28, Winston Way, Halstead, Essex CO9 2TH4
£392K12/200.48 mi34, Winston Way, Halstead, Essex CO9 2TH4
£210K05/210.49 mi4a, Hedingham Road, Halstead, Essex CO9 2DA4
£350K04/210.52 mi50, Churchill Avenue, Halstead, Essex CO9 2BE4
£315K12/200.52 mi28, Churchill Avenue, Halstead, Essex CO9 2BE4
£576K02/210.52 miPickwick House, 36, Sudbury Road, Halstead, Essex CO9 2BL4
£470K01/230.59 mi12, Highfields, Halstead, Essex CO9 1NH4
£300K02/210.6 mi3, Honeywood Road, Halstead, Essex CO9 2BQ4
£505K06/210.66 miRegency House, 47, New Street, Halstead, Essex CO9 1DD4
£275K12/200.72 mi6, Firwoods Road, Halstead, Essex CO9 1NF4
£280K06/210.77 mi26, Godwin Close, Halstead, Essex CO9 1XA4
£600K04/230.82 miThe Elms, Mount Hill, Halstead, Essex CO9 1AD4
£282.5K03/210.93 mi1, Prior Close, Halstead, Essex CO9 1AX4
£323K02/210.93 mi91, Beridge Road, Halstead, Essex CO9 1JX4

Local Rents

10 rents from £1.3K/mo to £3.2K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,80003/250.3 mi-3
£1,90009/240.3 mi-3
£1,90001/250.3 mi-3
£1,90012/240.3 mi-3
£1,30012/240.34 mi-3
£1,80010/240.34 mi-3
£1,80002/250.34 mi-3
£1,80003/250.34 mi-3
£3,20012/240.42 mi-3
£2,30012/240.51 miSudbury Road, Halstead5

Local Area Statistics

Population in CO9

25,162

Town centre distance

0.45 miles away

Nearest school

0.30 miles away

Nearest train station

4.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+41%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £525,000

January 2, 2025

Sold for £266,000

2012

Sold for £159,950

2001

Floor Plans

Description

  • No Onward Chain +
  • Desirable 1920's 'Courtauld' home +
  • Extensive off road parking +
  • Far reaching countryside views +
  • Two modern bathroom suites +
  • Immaculately presented throughout +
  • Large south facing rear garden with terrace +
  • Beautiful walks and green spaces closeby +

This immaculately presented and attractive property, constructed in 1929 by the renowned Courtauld family, boasts a striking brick and timber façade. Located on the sought-after North side of town, the home enjoys breathtaking countryside and roofline views to the rear, with a natural river ensuring these vistas remain unobstructed. Built in the style of its era, the property retains charming period features while offering versatile accommodation, ample off-road parking, and a generously sized lawned rear garden.

The entrance is sheltered by an imposing storm porch, leading to a solid oak door that opens into a welcoming hallway. The hall provides access to both the kitchen and the sitting room, with stairs rising to the first floor. The sitting room is particularly impressive, featuring a dual aspect for ample natural light and a wood-burning stove that serves as a cozy focal point. A square archway connects this space to the dining room, which is fitted with stylish Karndean flooring.

The dining room is a standout feature, with French doors opening onto the rear terrace and garden, making it an ideal space for family gatherings and entertaining. Adjacent to the dining room, the well-appointed kitchen overlooks the front of the property and is fitted with modern wall and floor-mounted units, complemented by granite countertops, a large central island, and tiled splashbacks. Integrated Bosch appliances include an oven, grill, hob with extractor, and dishwasher. A practical utility room, with additional cabinetry, a stainless-steel sink, wood-effect flooring, and plumbing for a washing machine, adds further convenience. Beyond the utility room is a luxuriously appointed cloak/shower room with tiled flooring, a UPVC window, and a fully tiled shower enclosure.

The first floor continues to impress, featuring Berber carpets throughout and four generously sized bedrooms, each benefiting from excellent natural light. The rear-facing bedrooms are south-facing, offering stunning views across the town and open farmland. Original features, including a cast-iron fireplace and built-in cupboards, enhance the charm of these spaces. The split-level bathroom is beautifully designed with a four-piece suite, including a double shower cubicle, an enclosed panelled bath, a vanity wash basin, and a heated chrome towel rail. Tiled flooring and partly tiled walls add a touch of elegance. The loft space offers tremendous potential for conversion, subject to the necessary planning permissions.

Situated near the Courtauld Sports Ground, this home is ideally located for families, with access to the popular Halstead River Walk trail and scenic countryside walks.

The property is approached via an expansive shingle driveway that provides parking for multiple vehicles, with mature hedging offering privacy. Block paving runs along the eastern perimeter, ensuring easy rear access.

The rear garden is a true delight, enjoying a southerly aspect that captures sunlight throughout the day. A full-width terrace provides an ideal space for outdoor entertaining, with steps leading down to a manicured lawn bordered by established blossom trees and conifers. Additional features include a greenhouse and two storage sheds, all framed by picturesque views of fields and an unspoiled roofline, completing this idyllic property package.

Halstead is a pretty traditional market town 7 miles north of Braintree. The town has a wealth of shops, restaurants, cafes and interesting walks. With a population of over 11,000 Halstead has grown steadily and schools are of a high standard and the town boasts local health facilities including a hospital and medical centre.

Agent Details

Leaders Sales, Halstead

01787 322229

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.