3 Bed Terraced House, Refurb/BRRR, Chelmsford, CM2 0JD, £350,000

88 Moulsham Street, Chelmsford, Essex, CM2 0JF - 12 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£285K - £710K
Sold Prices/m²£2.5K/m² - £8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£360,500
BMV3%

 

 

End Value (After Refurb)

£445,625

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£45,472

Bridging Loan Interest

£9,188

Total Cash In

£160,610

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£445,625

Agent Fees (1%)

£4,456

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£18,059

Local Sold Prices

50 sold prices from £285K to £710K, average is £426K. £2.5K/m² to £8K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£325K04/210.01 mi3, St Johns Road, Chelmsford, Essex CM2 9PD3
£353K11/200.04 mi7, Mews Court, Chelmsford, Essex CM2 9PF3
£435K12/220.05 mi2, Mews Court, Chelmsford, Essex CM2 9PF3
£362.5K01/210.06 mi14, St Johns Road, Chelmsford, Essex CM2 9PE3
£370K01/210.06 mi17, Nursery Road, Chelmsford, Essex CM2 9PL3
£380K02/210.06 mi36, Nursery Road, Chelmsford, Essex CM2 9PL3
£370K01/210.06 mi24, Nursery Road, Chelmsford, Essex CM2 9PL3
£515K05/230.06 mi127a, Mildmay Road, Chelmsford, Essex CM2 0DT3
£655K06/210.1 mi9, Hamlet Road, Chelmsford, Essex CM2 0EU3
£340K04/210.12 mi95, Moulsham Street, Chelmsford, Essex CM2 0JF3
£415K06/210.12 mi23, Bouverie Road, Chelmsford, Essex CM2 0UD3
£592.5K07/230.12 mi25, Upper Roman Road, Chelmsford, Essex CM2 0EX3
£555K12/200.13 mi27, Rosebery Road, Chelmsford, Essex CM2 0TU3
£450K12/200.14 mi2, St Michaels Road, Chelmsford, Essex CM2 9PT3
£360K04/210.16 mi2, Grove Road, Chelmsford, Essex CM2 0EY3
£550K01/210.17 mi24, Lady Lane, Chelmsford, Essex CM2 0TG3
£360K08/210.18 mi20, Roman Road, Chelmsford, Essex CM2 0HA3
£436K11/200.19 mi66, Mildmay Road, Chelmsford, Essex CM2 0DZ3
£316K07/230.19 mi7, Orchard Street, Chelmsford, Essex CM2 0HD3
£590K02/230.23 mi11, St Mildreds Road, Chelmsford, Essex CM2 9PU3
£500K02/230.24 mi24, Rothesay Avenue, Chelmsford, Essex CM2 9BU3
£430K03/210.24 mi62, Manor Road, Chelmsford, Essex CM2 0ER3
£387.5K02/210.26 mi5, Manor Road, Chelmsford, Essex CM2 0ER3
£460K01/230.27 mi10, Goldlay Gardens, Chelmsford, Essex CM2 0EN3
£575K12/220.29 mi2a, Southborough Road, Chelmsford, Essex CM2 0AQ3
£565K01/230.29 mi133, Moulsham Drive, Chelmsford, Essex CM2 9PZ3
£435K03/210.3 mi18, Lynmouth Avenue, Chelmsford, Essex CM2 0TP3
£515K10/210.31 mi136, Moulsham Drive, Chelmsford, Essex CM2 9QA3
£460K08/230.31 mi13, Fortinbras Way, Chelmsford, Essex CM2 9JA3
£293K05/210.31 mi97, Lower Anchor Street, Chelmsford, Essex CM2 0AU3
£408K03/210.32 mi128, Fortinbras Way, Chelmsford, Essex CM2 9UL3
£332K03/210.32 mi51, Baker Street, Chelmsford, Essex CM2 0SA3
£710K06/210.33 mi55, Vicarage Road, Chelmsford, Essex CM2 9BT3
£493K03/210.33 mi49, Goldlay Road, Chelmsford, Essex CM2 0EL3
£404K07/230.33 mi9, Bradford Street, Chelmsford, Essex CM2 0BG3
£404K05/210.34 mi127, Fortinbras Way, Chelmsford, Essex CM2 9UL3
£425K11/220.34 mi5, Bradford Street, Chelmsford, Essex CM2 0BG3
£312.5K11/210.36 mi10, Hart Street, Chelmsford, Essex CM2 0RY3
£440K12/200.36 mi18, Goldlay Avenue, Chelmsford, Essex CM2 0TL3
£370K04/230.37 mi49, Lower Anchor Street, Chelmsford, Essex CM2 0AT3
£450K06/230.4 mi163, Upper Bridge Road, Chelmsford, Essex CM2 0BB3
£410K12/200.42 mi1, Amcotes Place, Chelmsford, Essex CM2 9HZ3
£427K04/210.43 mi6, Falcons Mead, Chelmsford, Essex CM2 0NN3
£415K12/210.43 mi24, Van Diemans Road, Chelmsford, Essex CM2 9QQ3
£427.5K05/230.43 mi94, Upper Bridge Road, Chelmsford, Essex CM2 0BA3
£475K12/220.43 mi86, Upper Bridge Road, Chelmsford, Essex CM2 0BA3
£340K01/210.45 mi104, Burghley Way, Chelmsford, Essex CM2 9LQ3
£500K01/230.49 mi5, Langdale Gardens, Chelmsford, Essex CM2 9QH3
£285K12/200.52 mi16, Waltham Glen, Chelmsford, Essex CM2 9EL3
£390K12/200.52 mi6, Wallace Crescent, Chelmsford, Essex CM2 9QL3

Local Rents

35 rents from £1.4K/mo to £4.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65003/240.04 miMews Court, Chelmsford, CM2 9PF3
£1,75005/240.12 miBouverie Road, Chelmsford, CM23
£4,50003/240.12 mi-3
£4,50002/250.12 mi-3
£1,75003/240.13 miBouverie Road, Chelmsford, CM23
£1,75001/250.13 mi-3
£1,75002/250.13 mi-3
£1,69505/240.15 miRedcliffe Road, CHELMSFORD3
£1,69512/240.15 miRedcliffe Road, CHELMSFORD3
£1,80003/240.18 miGrove Road, Chelmsford3
£1,69503/240.19 miManor Road, Old Moulsham3
£1,75004/240.24 miSt Johns Road, Chelmsford, CM23
£1,35003/240.3 miHayes Close, Chelmsford, CM23
£1,78004/240.3 mi-3
£4,50002/240.34 mi-3
£4,50003/240.34 mi-3
£4,50004/250.34 mi-3
£1,55004/240.4 miUpper Bridge Road, Chelmsford, CM23
£1,55004/240.4 mi-3
£1,55003/250.4 mi-3
£1,85004/250.44 mi-3
£1,65002/240.45 mi-3
£1,72503/250.45 mi-3
£1,65005/240.5 miWaltham Glen, Chelmsford, Essex, CM2 9EL3
£1,70004/250.51 mi-3
£3,50004/250.53 mi-3
£1,69504/240.54 miRose Glen, Chelmsford, Essex, CM23
£1,75005/240.57 miParkinson Drive, Chelmsford, CM1 3GU3
£1,85004/240.57 miWharf Road, Chelmsford3
£1,85004/240.57 miWharf Road, Chelmsford3
£1,89703/240.6 miWharf Road, Chelmsford, Essex, CM23
£1,88204/240.6 miWharf Road, Chelmsford, Essex, CM23
£2,12003/240.6 miWharf Road, One Canalside, Chelmsford, CM23
£2,22004/240.6 miWharf Road, Chelmsford, Essex, CM23
£1,75003/240.61 miCannon Mews, CHELMSFORD3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

0.79 miles away

Nearest school

0.10 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £350,000

January 12, 2025

Floor Plans

Description

  • No onward chain +
  • Set over three floors +
  • In need of modernisation +
  • Spacious lounge +
  • Separate dining room +
  • Three bedrooms +
  • Driveway & garage to rear +
  • Near by sought after schools +
  • Walking distance of the train station & High Street +
  • Superb scope to improve & remodel +

This deceptively spacious house is set over three floors with the lower ground floor offering superb potential to remodel and convert the integral garage and utility room. Inside, there is a lounge, dining room, kitchen, three bedrooms, bathroom and as previously mentioned a utility room. The property is for sale with no onward chain and does require modernisation which is perfect for those buyers looking for somewhere to make your own and purchase a freehold property in one of the best areas of the City.

St Johns Road is located within the heart of the sought after Old Moulsham area, located within walking distance of the High Street and railway station. Chelmsford station has a frequent service to London Stratford from 31 minutes and Liverpool Street from 36 minutes. The High Street has an extensive selection of places to eat, drink and socialise, with further access to High Chelmer, The Meadows and Bond Street where you will find the well-known retailer John Lewis. Moulsham Street is a great alternative to visit positioned at the start of the road with a number of independent eateries and several traditional public houses with a choice of real ales and hot food and is located just a stones throw from this home.

Tenure: Freehold

Council Tax: Band C is the council tax band for this property with an annual amount of £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.

Ground floor

Entrance hall

Cloakroom

Lounge
4.93 m x 3.89 m (16'2" x 12'9")

Dining room
3.33 m x 2.31 m (10'11" x 7'7")

Kitchen
3.35 m x 2.59 m (11'0" x 8'6")

Lower ground floor

Utility room
3.35 m x 2.49 m (11'0" x 8'2")

L-shaped garage
4.90 m x 3.99 m (16'1" x 13'1")

+ 3.53m x 2.39m (11'7" x 7'10")

First floor

Bedroom 1
4.65 m x 2.77 m (15'3" x 9'1")

Bedroom 2
3.68 m x 2.97 m (12'1" x 9'9")

Bedroom 3
2.54 m x 2.11 m (8'4" x 6'11")

Bathroom

Outside

Front garden

Driveway

Agent Details

HOME, Old Moulsham

01245 945820

Next Steps?

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