4 Bed Terraced House, Planning Permission, Chelmsford, CM1 6XY, £410,000

Cornflower Drive, Chelmsford, CM1 6XY - 4 views - 3 months ago

Sold STC
Planning
~129 m²
+17 photos

ValuationFair Value

Sold Prices£316.5K - £1.2M
Sold Prices/m²£3.2K/m² - £8.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.2K/m²

Value Estimate

£408,000

 

 

End Value (After Refurb)

£507,995

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£102,500

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£62,822

Bridging Loan Interest

£10,763

Total Cash In

£198,534

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£507,995

Mortgage (After Refinance)

£380,996

Mortgage LTV

75%

Cash Released

£73,496

Cash Left In

£125,038

Equity

£126,999

Rent Range

£1,350 - £3,500

Rent Estimate

£1,809

Running Costs/mo

£1,969

Cashflow/mo

£-160

Cashflow/yr

£-1,923

Gross Yield

5%

Local Sold Prices

50 sold prices from £316.5K to £1.2M, average is £512.5K. £3.2K/m² to £8.8K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£357.5K09/210.02 mi20, Cornflower Drive, Chelmsford, Essex CM1 6XY4
£377K01/230.13 mi10, Osea Way, Chelmsford, Essex CM1 6JT4
£316.5K03/210.14 mi79, Lupin Drive, Chelmsford, Essex CM1 6YJ4
£417.5K05/230.18 mi2, Canvey Walk, Chelmsford, Essex CM1 6LB4
£365K01/210.21 mi10, Wallasea Gardens, Chelmsford, Essex CM1 6JZ4
£520K12/200.28 mi47, Bonington Chase, Chelmsford, Essex CM1 6GG4
£410K10/210.28 mi16, Great Cob, Chelmsford, Essex CM1 6LA4
£810K09/210.3 mi439, Springfield Road, Chelmsford, Essex CM2 6AP4
£625K05/210.32 mi142, Falmouth Road, Chelmsford, Essex CM1 6JB4
£445K06/210.34 mi15, Jacaranda Close, Chelmsford, Essex CM1 6NN4
£500K01/210.35 mi93, Oak Lodge Tye, Springfield, Chelmsford, Essex CM1 6GZ4
£525K02/210.37 mi59, Sidmouth Road, Chelmsford, Essex CM1 6LS4
£459K12/200.44 mi385, Springfield Road, Chelmsford, Essex CM2 6AW4
£665K03/230.47 mi1, Totnes Walk, Chelmsford, Essex CM1 6LU4
£545K11/210.49 mi80, Bodmin Road, Chelmsford, Essex CM1 6LL4
£413.5K11/200.5 mi26, Hunters Way, Chelmsford, Essex CM1 6FL4
£388K11/200.51 mi7, Daffodil Way, Chelmsford, Essex CM1 6XB4
£454K03/210.51 mi5, Daffodil Way, Chelmsford, Essex CM1 6XB4
£505K04/230.51 mi41, Martingale Drive, Chelmsford, Essex CM1 6FN4
£510K03/230.53 mi4, Murrell Lock, Chelmsford, Essex CM2 6SW4
£580K03/210.54 mi6, Old School Field, Chelmsford, Essex CM1 7HU4
£646K02/210.54 mi9, Cuton Grove, Springfield, Chelmsford, Essex CM2 6TA4
£470K04/210.56 mi14, Sutton Mead, Chelmsford, Essex CM2 6QB4
£935K12/220.58 mi3, Multon Lea, Chelmsford, Essex CM1 6EF4
£550K05/230.59 mi42, Wharton Drive, Springfield, Chelmsford, Essex CM1 6BF4
£583K02/210.6 mi10, Louvain Drive, Springfield, Chelmsford, Essex CM1 6BA4
£700K03/230.6 mi19, Louvain Drive, Springfield, Chelmsford, Essex CM1 6BA4
£480K06/210.61 mi2, Millson Bank, Chelmsford, Essex CM2 6QD4
£518K02/210.61 mi65, Torquay Road, Chelmsford, Essex CM1 7NX4
£529K11/210.61 mi10, Millson Bank, Chelmsford, Essex CM2 6QD4
£480K06/210.61 mi2, Millson Bank, Chelmsford, Essex CM2 6QD4
£422.5K02/210.62 mi31, Harness Close, Chelmsford, Essex CM1 6UU4
£439K02/210.62 mi34, Forefield Green, Chelmsford, Essex CM1 6YU4
£840K01/210.63 mi47, Church Lane, Springfield, Chelmsford, Essex CM1 7SQ4
£625K12/200.64 mi4, Beauchamps Close, Chelmsford, Essex CM1 6ZP4
£726K12/220.64 mi22, Lawn Lane, Chelmsford, Essex CM1 6NR4
£410K01/210.65 mi40, Carriage Drive, Chelmsford, Essex CM1 6UY4
£490K09/210.65 mi1, North Dell, Chelmsford, Essex CM1 6UP4
£600K11/210.66 mi55, Lawn Lane, Chelmsford, Essex CM1 6PS4
£565K09/210.67 mi2, Goldenacres, Chelmsford, Essex CM1 6YT4
£485K05/210.67 mi4, Goldenacres, Chelmsford, Essex CM1 6YT4
£515K06/210.67 mi31, Stanley Rise, Springfield, Chelmsford, Essex CM2 6PJ4
£405K01/210.68 mi30, Downsway, Chelmsford, Essex CM1 6TU4
£1.2M07/230.68 miTudor Rose, Stump Lane, Chelmsford, Essex CM1 7SJ4
£537.5K11/200.69 mi9, Lawn Lane, Chelmsford, Essex CM1 6NP4
£537.5K11/200.7 mi9, Lawn Lane, Chelmsford, Essex CM1 6NP4
£445K08/210.7 mi1, Littell Tweed, Chelmsford, Essex CM2 6SH4
£715K01/230.71 mi12, Albemarle Link, Springfield, Chelmsford, Essex CM1 6AG4
£476K03/210.71 mi8, Albemarle Link, Springfield, Chelmsford, Essex CM1 6AG4
£540K06/210.71 mi24, Fleetwood Square, Springfield, Chelmsford, Essex CM1 6AQ4

Local Rents

42 rents from £1.4K/mo to £3.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,35003/240.05 miMarigold Close, Chelmsford, Essex, CM13
£1,55002/250.07 mi-3
£1,70012/240.14 miLupin Drive, Chelmsford3
£1,70003/250.16 mi-3
£1,40004/240.16 miPetunia Crescent, Chelmsford, CM13
£1,65004/240.17 mi-3
£1,60004/240.17 miFoxglove Way, Chelmsford, Essex, CM13
£1,55003/240.18 miPetunia Crescent, Chelmsford, Essex3
£1,95004/240.24 miGreat Cob, Chelmsford, CM14
£1,95004/240.24 mi-4
£1,65001/250.25 mi-3
£1,90003/240.25 miPetunia Crescent,CM1 6YR4
£1,80003/240.25 miPetunia Crescent, Springfield4
£1,80004/240.25 miPetunia Crescent, Springfield4
£1,80003/250.29 mi-3
£1,75003/240.3 miBouchers Mead, Chelmsford4
£1,50003/240.32 miBonington Chase, Chelmsford, CM13
£3,50012/240.34 mi-5
£1,80004/240.37 miPeel Road4
£1,60004/240.38 miTavistock Road, Springfield, Chelmsford, CM1 6JL3
£1,70004/240.41 miSpringfield Road4
£1,69504/240.42 miVermeer Ride, CM13
£1,50004/240.45 miExeter Road, CM13
£1,72504/240.46 miMayne Crest, Chelmsford3
£2,20004/240.46 miTotnes Walk, Old Springfield, Chelmsford, CM15
£1,60005/240.47 mi-3
£1,60004/240.47 miDaffodil Way, Chelmsford, CM13
£1,62503/250.47 mi-3
£2,60004/240.47 miBurnell Gate, Beaulieu Park, Chelmsford, CM15
£3,00001/250.48 mi-5
£1,50011/230.5 miViolet Close, Chelmsford3
£1,50003/240.53 miMurrell Lock, Chelmsford, CM23
£1,50004/240.53 miMurrell Lock, Chelmsford, CM23
£1,45002/240.53 mi-3
£1,45004/240.54 miDukes Lane, CM23
£1,65005/240.54 miHyacinth Court, Chelmsford3
£1,75004/240.55 miBurton Place, Chelmer Village3
£1,60005/240.57 mi-3
£2,59504/240.59 miBillers Chase, Springfield, CHELMSFORD5
£1,80004/240.6 miPaddock Drive3
£2,75005/240.61 miClunford Place, Springfield, Chelmsford, Essex, CM14
£1,50005/240.62 miGolding Thoroughfare, Chelmsford3

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

1.75 miles away

Nearest school

0.20 miles away

Nearest train station

1.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £410,000

March 8, 2025

Listed for £400,000

January 18, 2025

Floor Plans

Description

  • Well presented family home found in popular Springfield location +
  • Fantastic open plan living space +
  • Perfect position for local shops and popular schools +
  • Brilliant garage conversion giving option for 4th bedroom +
  • Entrance hall, reception area, lounge, dining area, ground floor cloakroom/utility room and reception room/4th bedroom +
  • Three first floor bedrooms and family bathroom +
  • Rear garden with patio seating area and shed to remain +
  • Driveway parking +

Nestled in the desirable Springfield area of Chelmsford, this well-presented terraced house offers an ideal family home. With potential four bedrooms and two bathrooms, it provides ample space for both relaxation and entertaining. The property boasts three inviting reception rooms, including a versatile reception room that could serve as a fourth bedroom, making it perfect for growing families or those needing extra room for guests.

Upon entering, you are greeted by a welcoming entrance hall that leads to a comfortable lounge and a dining area, creating a seamless flow for family gatherings and social occasions. The kitchen is well-equipped and adjoins a practical utility room with a convenient WC, enhancing the functionality of the home.

The first floor is dedicated to rest and rejuvenation, featuring three well-proportioned bedrooms and a spacious family bathroom, ensuring that everyone has their own private space.

Externally, the property is complemented by a generous garden, complete with a patio seating area, perfect for enjoying sunny afternoons or hosting barbecues. A shed is also included, providing additional storage solutions. For those with vehicles, driveway parking is available, adding to the convenience of this lovely home.

Situated close to local shops, popular schools, supermarket and retail parks, as well as excellent road links, this property is ideally located for families seeking a vibrant community atmosphere. This charming home on Cornflower Drive is not to be missed, offering both comfort and practicality in a sought-after location.

Entrance hall gives access to all rooms.
Open plan living commences with reception area 11'4 x 9'7 Double glazed window to front. Wooden style flooring.
Lounge 15'3 x 10'6 turning staircase to first floor accommodation. Continuation of flooring.
Dining area 11'10 x 9'7 French double glazed doors to rear. Double glazed windows. Velux double glazed windows. Continuation of flooring.
Access is given to ground floor cloakroom/utility room
Kitchen 10'7 x 6'9 range of wall and base mounted units with matching storage drawers. Complimentary work surfaces housing sink drainer. Space for appliances including space for freestanding cooker. Tiled flooring.
Reception Room/possible 4th bedroom 14'9 x 7'0 double glazed window to front.

First floor landing is home to three bedrooms and spacious family bathroom.
Bedroom one 12'1 x 10'0 double glazed window to rear.
Bedroom two 11'5 x 9'10 double glazed window to front.
Bedroom three 9'2 x 7'6 double glazed window to front.
Family bathroom comprises double ended bath fitted with shower/mixer tap and glass splash screen door. Vanity wash hand basin and low level WC. Heated towel rail. Tiling to walls. Tiled flooring. Obscure double glazed window.

Rear garden commences with patio seating area. Shed to remain. Remaining garden is lawned.
Driveway parking to front.

Council Tax Band: C
Local Authority: Chelmsford

Disclaimer: Council Tax is given as a guide only and should be checked and confirmed before exchange of contracts.
We endeavor to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. All verification of property details should be made by your legal representative for the purchase of the property to ensure that all information including but not limited to; Tenure, lease information, parking facilities, planning permission, and building regulations is accurate and correct.

The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as guide to prospective buyers only and are not precise.

Floorplans where included may not be to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view

Springfield has been a civil parish of the Borough of Chelmsford in Essex, since 1907. The parish takes in the portion of the town north of river Chelmer and west of the A12 bypass. Aldi Supermarket, popular schools and local amenities nearby
Within a moments drive you can be in Chelmsford City Centre.
Chelmsford is the perfect place for anyone who wants the best of both worlds. Hop on a train for 35 minutes and you're in Stratford or an extra 10 minutes and you're in Liverpool Street.
Visit the Historic Chelmsford Cathedral or have some quiet time in Central Park. Maybe enjoy an evening at any one of the fabulous restaurants and shops or grab some popcorn and watch a film.
Chelmsford is an ideal location for growing families, commuters, and the young at heart.

Agent Details

Colubrid, Chelmsford & Maldon

01245 945929

Next Steps?

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