3 Bed Semi-Detached House, Refurb/BRRR, Halstead, CO9 4SJ, £350,000

Drury Lane, Ridgewell, Halstead, CO9 4SJ - 2 views - 3 months ago

Refurb/BRRR
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£215K - £615K
Sold Prices/m²£1.9K/m² - £4.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£309,066

 

 

End Value (After Refurb)

£327,584

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£44,609

Bridging Loan Interest

£9,188

Total Cash In

£159,746

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£327,584

Mortgage (After Refinance)

£245,688

Mortgage LTV

75%

Cash Left In

£159,746

Equity

£81,896

Rent Range

£780 - £1,700

Rent Estimate

£1,207

Running Costs/mo

£1,285

Cashflow/mo

£-78

Cashflow/yr

£-937

Gross Yield

4%

Local Sold Prices

24 sold prices from £215K to £615K, average is £300K. £1.9K/m² to £4.9K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£229K03/210 miHomeleigh, Drury Lane, Ridgewell, Halstead, Essex CO9 4SJ3
£360K05/230.23 mi2, Ashen Road, Ridgewell, Halstead, Essex CO9 4RP3
£275K09/211.1 mi1a, Airey Houses, Ashen, Sudbury, Essex CO10 8JW3
£249K11/201.6 mi2, Clare Road, Tilbury Juxta Clare, Halstead, Essex CO9 4JS3
£315K03/211.61 mi7, Moat Road, Birdbrook, Halstead, Essex CO9 4BZ3
£476K06/231.61 mi4, Moat Road, Birdbrook, Halstead, Essex CO9 4BZ3
£306K07/231.68 mi6, Church Park, Stoke By Clare, Sudbury, Suffolk CO10 8JB3
£380K06/211.7 miLion Cottage, The Street, Stoke By Clare, Sudbury, Suffolk CO10 8HP3
£260K05/211.73 mi14, Church View, Wixoe, Sudbury, Suffolk CO10 8UH3
£385K12/201.82 mi3, Prospect Place, Birdbrook, Halstead, Essex CO9 4BH3
£615K03/212.08 miTilbury Cottage, Belchamp Road, Tilbury Juxta Clare, Halstead, Essex CO9 4JX3
£287.5K07/212.09 mi28, Stambourne Road, Toppesfield, Halstead, Essex CO9 4DG3
£330K03/232.14 mi36, The Croft, Great Yeldham, Halstead, Essex CO9 4JD3
£263.5K03/212.14 mi37, The Croft, Great Yeldham, Halstead, Essex CO9 4JD3
£300K03/212.17 mi2, The Street, Toppesfield, Halstead, Essex CO9 4DJ3
£250K08/212.17 mi78, Highfields, Great Yeldham, Halstead, Essex CO9 4QH3
£220K06/212.18 mi6, Leather Lane, Great Yeldham, Halstead, Essex CO9 4HY3
£300K06/212.18 mi29, Whitlock Drive, Great Yeldham, Halstead, Essex CO9 4EE3
£300K06/212.18 mi29, Whitlock Drive, Great Yeldham, Halstead, Essex CO9 4EE3
£390K12/222.19 miBramble Cottage, Leather Lane, Great Yeldham, Halstead, Essex CO9 4HZ3
£320K09/212.69 mi3, Broad Green, Steeple Bumpstead, Haverhill, Essex CB9 7BW3
£285K07/232.84 miTaimar, North End Road, Little Yeldham, Halstead, Essex CO9 4LE3
£400K06/212.9 mi7, Daneum Holt, Clare, Sudbury, Suffolk CO10 8HE3
£215K03/212.96 miToll Cottage, Poole Street, Great Yeldham, Halstead, Essex CO9 4HP3

Local Rents

7 rents from £780/mo to £1.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20012/241.62 miThe Street, CO102
£78008/231.83 mi-1
£1,45005/231.89 mi-3
£1,20012/242.18 miCarleton Close, Great Yeldham3
£1,51009/242.23 mi-3
£1,70003/252.23 mi-3
£1,10012/242.4 miCherry Lane, Great Yeldham, HALSTEAD2

Local Area Statistics

Population in CO9

25,162

Town centre distance

8.08 miles away

Nearest school

0.20 miles away

Nearest train station

8.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+41%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £350,000

January 20, 2025

Floor Plans

Description

    • Charming detached 1880s cottage in the heart of Ridgewell on Drury Lane. +
    • Ground floor includes a bay-windowed living room, reception room, kitchen, dining area, garden room, and utility room. +
    • Upstairs offers two double bedrooms, a modern bathroom, and a versatile third bedroom. +
    • Generous garden with potential, currently overgrown but full of possibilities. +
    • Prime location overlooking the village green, close to local amenities. +
    • Realistically priced with scope for modernisation, blending history with potential. +

Situated in the heart of Ridgewell on the picturesque Drury Lane, this delightful detached three-bedroom cottage offers a rare opportunity to own a piece of history. Dating back to the 1880s, the property is brimming with character and charm, making it the perfect choice for those seeking a home with personality and potential.

The ground floor of the property features a cozy living room with a bay window that allows natural light to flood in, complemented by an inviting open fire. There is also a second reception room with its own charming fireplace, ideal for use as a snug or additional sitting room. The kitchen, complete with an adjoining dining area, provides plenty of scope for modernisation while retaining its traditional cottage-style appeal. At the rear of the property, a garden room offers a tranquil space to unwind and enjoy views of the outdoors, and a utility room provides added convenience to complete the layout.

Upstairs, the cottage offers two spacious double bedrooms, each offering a peaceful retreat. There is also a modern and generously sized bathroom, thoughtfully designed for both comfort and practicality. A third bedroom provides additional versatility, whether as a guest room, home office, or nursery.

Outside, the property sits on a generously sized plot with a garden that offers endless possibilities. While the garden is currently overgrown and requires some attention, it holds immense potential for those with a green thumb to transform it into a beautiful outdoor sanctuary.

The cottage is perfectly positioned, enjoying an enviable location overlooking the stunning village green, right in the heart of Ridgewell. This prime spot offers the charm of a quintessential English village, with local amenities and a welcoming community just a short stroll away.

Though the property would benefit from some modernisation, it has been realistically priced to sell, presenting a fantastic opportunity for buyers to create a home tailored to their tastes while retaining its historic character.

Ridgewell is a picturesque and sought after small village with school, two churches and a village green, village hall and children's playground. Situated approximately 15 miles East of Saffron Walden, just 5 miles south of the beautiful market town of Clare, 3 miles from Sible Hedingham with its shops and schools, 24 miles from Cambridge and around 21 miles from Stansted Airport.

Agent Details

Leaders Sales, Halstead

01787 322229

Next Steps?

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