2 Bed Semi-Detached House, Planning Permission, Chelmsford, CM1 2RG, £415,000

South Primrose Hill, Chelmsford, CM1 2RG - 3 views - 2 months ago

Sold STC
Planning
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£257K - £450K
Sold Prices/m²£3.4K/m² - £7.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£6.1K/m²

Value Estimate

£330,685

 

 

End Value (After Refurb)

£390,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£103,750

Stamp Duty & Legal Fees

£21,900

Refurb Costs

£33,103

Bridging Loan Interest

£10,894

Total Cash In

£171,397

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£390,000

Mortgage (After Refinance)

£292,500

Mortgage LTV

75%

Cash Left In

£171,397

Equity

£97,500

Rent Range

£1,100 - £2,800

Rent Estimate

£1,565

Running Costs/mo

£1,552

Cashflow/mo

£13

Cashflow/yr

£159

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £257K to £450K, average is £325K. £3.4K/m² to £7.9K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£280K03/210.01 mi42, South Primrose Hill, Chelmsford, Essex CM1 2RG2
£320K10/200.01 mi34, South Primrose Hill, Chelmsford, Essex CM1 2RG2
£405K02/230.01 mi81, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£380K03/230.02 mi63, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£450K01/230.02 mi85, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£355K02/210.02 mi51, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£430K03/230.02 mi39, South Primrose Hill, Chelmsford, Essex CM1 2RF2
£325K11/200.03 mi21, Primrose Hill, Chelmsford, Essex CM1 2RH2
£325K11/200.03 mi45, Primrose Hill, Chelmsford, Essex CM1 2RH2
£322.5K07/230.13 mi160, Rainsford Road, Chelmsford, Essex CM1 2PD2
£325K06/230.27 mi264, Rainsford Road, Chelmsford, Essex CM1 2PN2
£309K01/210.27 mi5, Park Avenue, Chelmsford, Essex CM1 2AB2
£302K10/210.35 mi17, Townfield Street, Chelmsford, Essex CM1 1QJ2
£300K08/230.35 mi169, Kings Road, Chelmsford, Essex CM1 2BA2
£257K06/230.35 mi5, Townfield Street, Chelmsford, Essex CM1 1QJ2
£350K12/200.37 mi31, Victoria Crescent, Chelmsford, Essex CM1 1QF2
£351K04/230.37 mi25, Victoria Crescent, Chelmsford, Essex CM1 1QF2
£285K06/230.39 mi26, Townfield Street, Chelmsford, Essex CM1 1QL2
£325K06/210.42 mi4, Lombardy Place, Chelmsford, Essex CM1 1PZ2
£425K06/210.44 mi31, Beeches Road, Chelmsford, Essex CM1 2RX2
£405K02/230.44 mi35, Beeches Road, Chelmsford, Essex CM1 2RX2
£300K06/230.5 mi34, The Green, Chelmsford, Essex CM1 2BQ2
£335K12/200.5 mi60, Henry Road, Chelmsford, Essex CM1 1RG2
£360K06/230.5 mi64, Rectory Lane, Chelmsford, Essex CM1 1RE2
£330K02/210.52 mi4, Seymour Street, Chelmsford, Essex CM2 0RX2
£283.5K03/230.54 mi8, Gloucester Crescent, Chelmsford, Essex CM1 4NG2
£332.5K09/210.55 mi2, Marconi Road, Chelmsford, Essex CM1 1QB2
£290K11/210.55 mi2, Milton Place, Chelmsford, Essex CM1 4LA2
£430K07/230.56 mi32, Bishop Road, Chelmsford, Essex CM1 1PX2
£260K04/210.57 mi30, Chester Place, Chelmsford, Essex CM1 4NQ2
£258K12/220.57 mi18, Chester Place, Chelmsford, Essex CM1 4NQ2
£325K03/210.57 mi17, New Writtle Street, Chelmsford, Essex CM2 0RR2
£330K06/210.57 mi16, New Writtle Street, Chelmsford, Essex CM2 0RR2
£329K03/210.58 mi6, Upper Bridge Road, Chelmsford, Essex CM2 0RT2
£267.5K12/200.59 mi24, Eastern Crescent, Chelmsford, Essex CM1 4JQ2
£320K11/210.61 mi53, Baker Street, Chelmsford, Essex CM2 0SA2
£445K11/200.62 mi29, Sunningdale Road, Chelmsford, Essex CM1 2NH2
£440K01/210.63 mi34, Highfield Road, Chelmsford, Essex CM1 2NQ2
£410K02/230.66 mi81, Lower Anchor Street, Chelmsford, Essex CM2 0AU2
£310K05/210.66 mi89, Bradford Street, Chelmsford, Essex CM2 0BG2
£335K02/230.67 mi170, Upper Bridge Road, Chelmsford, Essex CM2 0BB2
£345K01/210.67 mi148, Upper Bridge Road, Chelmsford, Essex CM2 0BB2
£327K05/230.69 mi75, West Avenue, Chelmsford, Essex CM1 2DD2
£260K01/210.72 mi132, Forest Drive, Chelmsford, Essex CM1 2TT2
£265K04/210.72 mi63, Forest Drive, Chelmsford, Essex CM1 2TT2
£300K02/210.74 mi69, Roxwell Road, Chelmsford, Essex CM1 2NT2
£320K11/200.75 mi12, Belle Vue, Chelmsford, Essex CM2 0BD2
£271K07/230.75 mi56, Savernake Road, Chelmsford, Essex CM1 2TJ2
£425K12/220.76 mi14, Anchor Street, Chelmsford, Essex CM2 0JY2
£318K09/210.76 mi10, Anchor Street, Chelmsford, Essex CM2 0JY2

Local Rents

50 rents from £1.1K/mo to £2.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40003/250 mi-2
£1,55001/250 mi-2
£1,49001/250 mi-2
£1,49502/250 mi-2
£1,40004/240.02 miSouth Primrose Hill, Chelmsford2
£1,49504/240.04 miPrimrose Hill, CM12
£1,25004/240.07 miSouth Primrose Hill, Chelmsford, CM12
£1,25004/240.07 mi-2
£1,29504/240.08 miRainsford Road, Chelmsford, Essex, CM12
£1,20004/240.11 mi-2
£1,32503/240.13 miRainsford Road,Chelmsford,CM12
£1,50004/240.15 miRainsford Road, CHELMSFORD2
£1,45003/240.15 miRainsford Road, Chelmsford2
£1,52503/240.15 miRainsford Road, Chelmsford2
£1,45004/240.15 miRainsford Road, Chelmsford2
£1,62504/240.19 miWicks Place, CHELMSFORD2
£1,49504/240.19 miWicks Place, CHELMSFORD2
£1,56512/240.19 miWicks Place, Chelmsford City Centre2
£1,69512/240.19 miWicks Place, Chelmsford City Centre2
£2,80005/240.2 mi-2
£1,55003/250.2 mi-2
£2,80002/250.2 mi-2
£2,80002/250.2 mi-2
£2,80002/250.2 mi-2
£2,50002/250.2 mi-2
£1,35004/240.21 miWest One, 7-13 Rainsford Road, Chelmsford2
£1,30001/240.22 mi-2
£1,29504/240.22 miLesley Court, Rainsford Road, Chelmsford2
£1,35005/240.23 miCedar Avenue West, Chelmsford2
£1,30003/250.23 mi-2
£2,75003/250.23 mi-2
£1,55003/240.25 miRidgewell Avenue, Chelmsford, CM12
£1,10004/240.26 miKing Edward Court, Cedar Avenue West, CM12
£1,38502/250.28 mi-2
£1,50005/240.3 miWells Crescent, Chelmsford2
£1,25003/240.3 miBroomfield Road, Chelmsford Essex, CM1 1SW2
£1,35004/240.3 miBroomfield Road, Chelmsford2
£1,25003/240.31 miBecketts Court, Chelmsford2
£1,70011/230.31 miRailway Street, Chelmsford2
£1,50003/240.31 miKings Tower, Chelmsford2
£1,45003/240.31 miKings Tower, Chelmsford2
£1,50004/240.31 miKings Tower, City Centre2
£1,50005/240.31 miWells Crescent, Town Centre2
£1,65002/240.32 mi-2
£1,45005/240.32 miMarconi Plaza, Chelmsford2
£1,22504/240.32 miBroomfield Road, Chelmsford2
£1,55002/240.33 mi-2
£1,30004/240.33 miSteamer Terrace, Chelmsford2
£1,30003/250.33 mi-2
£1,48004/240.34 miGlebe Road, CHELMSFORD2

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.21 miles away

Nearest school

0.20 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £415,000

January 28, 2025

Floor Plans

Description

  • 0.4 miles away from Chelmsford mainline railway station +
  • Character property +
  • Potential for extension subject to planning permission +
  • Two good sized bedrooms +
  • Garden Office/Studio +

Charming and Unique Character Cottage in a Prime Location Nestled in a highly sought-after turning close to Chelmsford city centre, this delightful two-bedroom end-of-terrace home effortlessly blends rustic charm with quirky modern touches. Recently redecorated to complement its character, this property offers a truly inviting and distinctive living space, making it a must-see for anyone looking for something special. The heart of the home is the through lounge-diner, featuring a working fitted log burner—perfect for cosy evenings by the fire. The separate kitchen leads seamlessly to a beautiful all-year-round garden room, providing a light and tranquil space that can be enjoyed in every season. Upstairs, you'll find two generously sized bedrooms and a modern, well-appointed bathroom. Externally, the property boasts a stunning landscaped rear garden that truly sets it apart. At the rear of the garden, you'll find a fantastic summer house, thoughtfully designed as a home office or treatment room. This versatile space is ideal for working from home, relaxing, or creating, and can also serve as additional storage or a playroom. South Primrose Hill is conveniently located close to local schools, shops, and excellent transport links, with Chelmsford mainline railway station just 0.4 miles away—perfect for commuters. We cannot recommend viewings highly enough to fully appreciate all that this enchanting character cottage has to offer. Don’t miss the chance to make it your own!

Agent Details

McCartney Estate Agents, Chelmsford

01245 945622

Next Steps?

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