3 Bed Terraced House, Refurb/BRRR, Halstead, CO9 3LB, £285,000

Wethersfield Road, Sible Hedingham, Nr Halstead, Essex CO9 3LB - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+13 photos

ValuationFair Value

Sold Prices£226K - £520K
Sold Prices/m²£1.9K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£290,337

 

 

End Value (After Refurb)

£293,827

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Refurb Costs

£44,609

Bridging Loan Interest

£7,481

Total Cash In

£136,590

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£293,827

Mortgage (After Refinance)

£220,370

Mortgage LTV

75%

Cash Released

£6,620

Cash Left In

£129,970

Equity

£73,457

Rent Range

£695 - £4,750

Rent Estimate

£1,265

Running Costs/mo

£1,191

Cashflow/mo

£74

Cashflow/yr

£885

ROI

1%

Gross Yield

5%

Local Sold Prices

40 sold prices from £226K to £520K, average is £290K. £1.9K/m² to £4.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£228K06/210.01 mi4, Wethersfield Road, Sible Hedingham, Halstead, Essex CO9 3LB3
£247.5K11/210.37 mi47, Church Street, Sible Hedingham, Halstead, Essex CO9 3NT3
£520K11/200.37 mi53, Church Street, Sible Hedingham, Halstead, Essex CO9 3NT3
£260K03/210.39 mi2, School Road, Sible Hedingham, Halstead, Essex CO9 3NR3
£330K04/210.46 miThe Bungalow, Hills Road, Sible Hedingham, Halstead, Essex CO9 3JH3
£377.5K09/210.49 mi19, Castle Meadow, Sible Hedingham, Halstead, Essex CO9 3PZ3
£300K03/210.51 mi79, Hawkwood Road, Sible Hedingham, Halstead, Essex CO9 3JS3
£360K08/210.52 mi3, Abbey Meadow, Sible Hedingham, Halstead, Essex CO9 3QS3
£290K05/210.53 mi93, Hawkwood Road, Sible Hedingham, Halstead, Essex CO9 3JS3
£290K11/210.53 mi27, Graysmead, Sible Hedingham, Halstead, Essex CO9 3PB3
£298K06/210.54 mi2, Beech Grove, Sible Hedingham, Halstead, Essex CO9 3NZ3
£410K10/220.54 mi4, Recreation Road, Sible Hedingham, Halstead, Essex CO9 3JG3
£245K03/210.56 mi23, Parkfields, Sible Hedingham, Halstead, Essex CO9 3NJ3
£290K01/210.57 mi25, Graysmead, Sible Hedingham, Halstead, Essex CO9 3PA3
£255K10/200.58 mi15, Graysmead, Sible Hedingham, Halstead, Essex CO9 3NY3
£325K06/230.6 mi26, Alexandra Road, Sible Hedingham, Halstead, Essex CO9 3NE3
£240K07/230.61 mi11, Oxford Meadow, Sible Hedingham, Halstead, Essex CO9 3QN3
£253K12/200.64 mi16, Hawkwood Road, Sible Hedingham, Halstead, Essex CO9 3JL3
£245K04/210.65 mi12, Alexandra Road, Sible Hedingham, Halstead, Essex CO9 3ND3
£260K05/230.65 mi13, Alexandra Road, Sible Hedingham, Halstead, Essex CO9 3ND3
£250K03/210.66 mi8, Charlton Close, Sible Hedingham, Halstead, Essex CO9 3QF3
£250K03/210.66 mi8, Charlton Close, Sible Hedingham, Halstead, Essex CO9 3QF3
£232.5K03/210.66 mi17, Spurgeon Close, Sible Hedingham, Halstead, Essex CO9 3NG3
£234K03/210.66 mi6, Spurgeon Close, Sible Hedingham, Halstead, Essex CO9 3NG3
£317.5K06/230.69 mi2, Yeldham Road, Sible Hedingham, Halstead, Essex CO9 3QJ3
£276.5K05/210.69 mi23, Yeldham Road, Sible Hedingham, Halstead, Essex CO9 3QJ3
£350K09/210.71 mi139, Swan Street, Sible Hedingham, Halstead, Essex CO9 3PP3
£310K09/220.72 mi8, Hilton Walk, Sible Hedingham, Halstead, Essex CO9 3JN3
£310K06/210.72 mi130, Swan Street, Sible Hedingham, Halstead, Essex CO9 3PR3
£275K05/210.73 mi6, Brook Terrace, Sible Hedingham, Halstead, Essex CO9 3PS3
£319.9K09/220.74 mi12, Brook Terrace, Sible Hedingham, Halstead, Essex CO9 3PS3
£248K02/210.74 mi4, Brook Terrace, Sible Hedingham, Halstead, Essex CO9 3PS3
£255K02/210.74 mi16, Hilton Way, Sible Hedingham, Halstead, Essex CO9 3JW3
£226K03/210.75 mi17, Brook Terrace, Sible Hedingham, Halstead, Essex CO9 3PS3
£296K11/200.76 mi11, Station Road, Sible Hedingham, Halstead, Essex CO9 3QA3
£294.9K12/200.76 mi37, Station Road, Sible Hedingham, Halstead, Essex CO9 3QA3
£335K03/210.8 mi19, Hogarth Court, Sible Hedingham, Halstead, Essex CO9 3FA3
£265K11/200.86 mi40, Swan Street, Sible Hedingham, Halstead, Essex CO9 3RE3
£475K02/230.87 miBridgemead, 55, Station Road, Sible Hedingham, Halstead, Essex CO9 3QD3
£337.5K05/230.99 miThe Cottage, New England, Sible Hedingham, Halstead, Essex CO9 3HY3

Local Rents

26 rents from £695/mo to £4.8K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,30012/240.57 mi-3
£85012/240.62 miBraintree Road, Sible Hedingham, Halstead, CO91
£85002/240.62 mi-1
£85012/240.62 mi-1
£85004/240.62 mi-1
£70001/250.65 mi-1
£69512/240.68 miSwan Street, Sible Hedingham1
£77512/240.71 miSwan Street, Sible Hedingham, CO91
£1,15012/240.73 miSwan Street, Sible Hedingham2
£1,15012/240.73 miSwan Street, Sible Hedingham3
£89512/240.73 miSummerfields, Sible Hedingham2
£90012/240.79 miNorman Close, CO92
£4,75012/240.81 mi-5
£1,70001/251.07 mi-2
£95012/241.07 miCastle Hedingham, Halstead, Essex2
£99512/241.31 miCrown Street, Castle Hedingham2
£1,05012/241.37 miPye Corner, Castle Hedingham3
£1,89512/241.37 miCastle Hedingham, Halstead4
£1,29512/241.41 miBayley Street, Castle Hedingham, Halstead2
£1,65002/251.42 mi-3
£1,79512/241.76 miCastle Hedingham, Halstead3
£99512/241.96 mi-1
£99503/251.99 mi-1
£99509/232.09 mi-1
£1,49512/242.15 miReadings Cottages, Bakers Farm Lane Blackmore End, CM73
£1,10012/242.49 miCherry Lane, Great Yeldham, HALSTEAD2

Local Area Statistics

Population in CO9

25,162

Town centre distance

3.54 miles away

Nearest school

0.40 miles away

Nearest train station

7.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+41%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £285,000

January 14, 2025

Floor Plans

Description

  • Three Bedroom End Of Terrace +
  • Popular Road +
  • Fields to Front and Rear +
  • 130ft Rear Garden +
  • Studio Building +
  • Open Plan Kitchen/Diner +
  • Some Finishing required +
  • No Onward Chain +
  • Driveway Parking +
  • Calor Gas Heating +

Guide Price £285,000 to £295,000 - Quote Ref: DP0213 when requesting further details of this recently adapted three-bedroom end terraced property situated in a popular position outside of Sible Hedingham. The property is a really good family property that is in need of a finishing touch. There is a fabulous kitchen/diner area with a cozy separate lounge, three bedrooms and a bathroom on the first floor as well. This home also has an 130ft rear garden and an outside studio, ideal for any small business or working from home space.  The property is entered via a side door that leads you into the entrance lobby with a storage cupboard and a utility space for the washing machine, doors lead to the wc and the kitchen/diner. The kitchen is a beautifully fitted range of wall and base units with oak worksurfaces with a induction hob and AEG oven beneath with an extractor fan over and tiled splashbacks, there is an integral dishwasher and a single drainer composite sink with a window overlooking the garden and studio. There is a unit housing the gas boiler and the whole room is laid with a tiled floor. The kitchen has a breakfast bar overhang leading into the open dining area ideal for entertaining  with a double glazed window to the side aspects and also a door leading through to the lounge and stair rising to the first floor. The lounge is a cosy space with a feature fireplace and a window overlooking the front aspects.  On the first floor there is a landing with doors leading to the three bedrooms and the family bathroom. Bedroom one sits at the front of the property and is a generous double room with built in wardrobes and radiator. Bedrooms two and three are both good-sized children rooms with radiators and window overlooking the rear and side aspects. The family bathroom completes the accommodation upstairs with a panel enclosed bath with shower over, a low level flush wc and a hand wash basin on a tiled floor with a heated towel rail as well and a tiled wall above the bath. The Studio Positioned in the rear garden is a separate stand-alone structure which has been fitted out to create a work studio insulated and double glazed this makes a great work space for a small business. Fitted with power and lighting. Outside: To the front of the house there is a parking space/driveway for one car and a side area giving access to the property. Attached to the side of the home is the storage for the calor gas bottles that supply the boiler. A pathway leads to the picket fence that takes you through to the house entrance and the rear garden. The rear garden is in need of landscaping to the immediate rear of the property and as you go past the studio you are taken into the lawned area which stretches back another 100ft to the rear boundary. There are wood panel fences to the borders.  Agents Note: This property is being offered with no onward chain and is in need of some finishing work internally and in the garden. There is a right of way for the neighbours across the rear of the property. Services: Mains Electricity. Calor Gas fired heating. Mains Drainage. Braintree Council Tax Band C. There are Gigaclear and BT Openreach Standard, Superfast and Ultrafast broadband connections available at his property up to 1000mbps.

Agent Details

eXp UK, South East

03304 609968

Next Steps?

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