2 Bed House, Cash/Bridging Only, Halstead, CO9 2DA, £250,000

Hedingham Road, Halstead, CO9 2DA - 6 views - 3 months ago

Sold STC
Cash
ROI: 4%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£130K - £389.9K
Sold Prices/m²£2.3K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£230,525

 

 

End Value (After Refurb)

£222,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£32,670

Bridging Loan Interest

£6,563

Total Cash In

£112,183

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£222,500

Mortgage (After Refinance)

£166,875

Mortgage LTV

75%

Cash Left In

£112,183

Equity

£55,625

Rent Range

£825 - £4,435

Rent Estimate

£1,327

Running Costs/mo

£981

Cashflow/mo

£346

Cashflow/yr

£4,155

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £130K to £389.9K, average is £230K. £2.3K/m² to £5.7K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£215K11/220.05 mi25, Belle Vue Terrace, Halstead, Essex CO9 2DD2
£345K03/230.06 mi19, Hedingham Road, Halstead, Essex CO9 2DB2
£260K01/210.1 mi20, Bois Field Terrace, Halstead, Essex CO9 2DF2
£220K10/210.11 mi19, Chapel Street, Halstead, Essex CO9 2LS2
£218K02/230.13 mi60, Hedingham Road, Halstead, Essex CO9 2DJ2
£202.5K04/210.13 mi50, Hedingham Road, Halstead, Essex CO9 2DJ2
£184K11/200.15 mi6, Head Street, Halstead, Essex CO9 2BX2
£229.9K06/210.18 miThe Servants Quarters, 11, Mill Chase, Halstead, Essex CO9 2DQ2
£269K09/210.18 mi6, North Mill Place, Halstead, Essex CO9 2FA2
£265K09/210.18 mi13, North Mill Place, Halstead, Essex CO9 2FA2
£272K11/210.18 mi15, North Mill Place, Halstead, Essex CO9 2FA2
£268K06/210.18 mi17, North Mill Place, Halstead, Essex CO9 2FA2
£280K02/210.19 mi7, North Mill Place, Halstead, Essex CO9 2FA2
£230K05/210.2 mi3, Highbury Terrace, Halstead, Essex CO9 2EB2
£230K05/210.2 mi9, Highbury Terrace, Halstead, Essex CO9 2EB2
£240K05/210.2 mi5, Highbury Terrace, Halstead, Essex CO9 2EB2
£238K11/200.2 mi7, Highbury Terrace, Halstead, Essex CO9 2EB2
£217.5K01/210.23 mi21, Butler Road, Halstead, Essex CO9 1LL2
£207.5K05/230.25 mi87, Parsonage Street, Halstead, Essex CO9 2JT2
£222K06/210.28 mi26, Colne Road, Halstead, Essex CO9 2HU2
£389.9K01/210.28 mi63a, Colchester Road, Halstead, Essex CO9 2EN2
£287.5K05/210.28 mi2, Sudbury Road, Halstead, Essex CO9 2BS2
£192.5K05/210.29 mi8, Weavers Row, Halstead, Essex CO9 2JX2
£240K11/220.29 mi12, Weavers Row, Halstead, Essex CO9 2JX2
£302K01/230.3 mi39, Stanley Road, Halstead, Essex CO9 1LA2
£215K05/210.3 mi13, Brook Place, Halstead, Essex CO9 1DG2
£229K10/200.31 mi8, Stanley Road, Halstead, Essex CO9 1LA2
£267.5K10/210.31 mi63, Stanley Road, Halstead, Essex CO9 1LA2
£300K12/220.31 mi3, Stanley Road, Halstead, Essex CO9 1LA2
£180K03/230.33 mi1, New Street, Halstead, Essex CO9 1DH2
£200K05/210.33 mi3, New Street, Halstead, Essex CO9 1DH2
£260K03/230.33 mi75, New Street, Halstead, Essex CO9 1DB2
£220K09/210.34 mi36, New Street, Halstead, Essex CO9 1DD2
£212K04/230.34 mi21, New Street, Halstead, Essex CO9 1DD2
£230K08/210.34 mi27, Neale Road, Halstead, Essex CO9 1DL2
£292.5K06/230.34 mi42, Kings Road, Halstead, Essex CO9 1HA2
£130K11/200.36 mi6, Trinity Road, Halstead, Essex CO9 1EA2
£231K12/220.36 mi44, Trinity Road, Halstead, Essex CO9 1EB2
£250K07/210.36 mi39, Mitchell Avenue, Halstead, Essex CO9 1DN2
£240K09/210.39 mi53, Beridge Road, Halstead, Essex CO9 1JZ2
£188K11/200.42 mi67, Mount Pleasant, Halstead, Essex CO9 1DY2
£188K11/200.42 mi67, Mount Pleasant, Halstead, Essex CO9 1DY2
£210K02/210.42 mi26, Mount Pleasant, Halstead, Essex CO9 1DY2
£260K08/210.42 mi42, Mount Pleasant, Halstead, Essex CO9 1DY2
£200K11/210.44 miTrinity Cottage, Mount Hill, Halstead, Essex CO9 1AD2
£199K11/210.45 mi29, Tidings Hill, Halstead, Essex CO9 1BW2
£200K06/230.45 mi8, Tidings Hill, Halstead, Essex CO9 1BW2
£247K06/210.47 mi138, Beridge Road, Halstead, Essex CO9 1JU2
£250K07/210.48 mi36, Nether Court, Halstead, Essex CO9 2HE2
£253.3K05/210.48 mi30, Nether Court, Halstead, Essex CO9 2HE2

Local Rents

20 rents from £825/mo to £4.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95003/250.15 mi-2
£1,20012/240.15 miColchester Road, Halstead2
£89512/240.21 miMillbridge, Halstead2
£1,05012/240.25 miPaynters Terrace, Head Street2
£82512/240.26 miParsons Court, Halstead2
£1,10012/240.3 mi-2
£1,15012/240.31 miStanley Road, Halstead2
£1,10012/240.34 miNew Street, Halstead, Essex, CO92
£89512/240.34 miNew Street, Halstead, Essex, CO92
£1,65012/240.36 mi-2
£1,60003/250.36 mi-2
£1,80011/240.36 mi-2
£1,70003/250.36 mi-2
£89512/240.36 miTrinity Road, Halstead2
£89512/240.36 miTrinity Road, Halstead, Essex, CO92
£4,43512/240.4 mi Kings Road, Halstead, CO92
£1,10012/240.47 miBeridge Road, Halstead, Essex, CO92
£1,10012/240.49 miHawthorn Close, Halstead2
£1,10012/240.56 miHawthorn Close, Halstead2
£1,10012/240.57 miSt. James Close, Halstead, Essex, CO92

Local Area Statistics

Population in CO9

25,162

Town centre distance

0.19 miles away

Nearest school

0.20 miles away

Nearest train station

5.96 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+41%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £250,000

January 29, 2025

Floor Plans

Description

  • SHORT WALK TO TOWN CENTRE +
  • TASTEFULLY PRESENTED +
  • OPEN PLAN LIVING SPACE +
  • MODERN CLOAKROOM & BATHROOM +
  • TWO DOUBLE BEDROOMS +
  • TWO PARKING SPACES +
  • ENCLOSED 30FT REAR GARDEN +
  • NO ONWARD CHAIN +
  • TUCKED AWAY POSITION +
  • CASH BUYERS ONLY +

Nestled in the heart of Halstead on Hedingham Road, this contemporary house, built in 2017, offers a perfect blend of modern living and convenience. With its prime location in the centre of town, residents will enjoy easy access to local amenities, shops, and transport links, making it an ideal choice for those seeking a vibrant community lifestyle.

The property boasts a spacious reception room that flows seamlessly into a modern open-plan living area, creating an inviting space for both relaxation and entertaining. The well-designed layout features two generously sized double bedrooms, providing ample space for rest and privacy. Additionally, the house includes two bathrooms, ensuring comfort and convenience for all occupants.

For those with vehicles, the property offers parking for two cars, a valuable asset in a town centre location. This home is available for cash buyers only, making it an excellent opportunity for those looking to invest in a modern property without the delays often associated with mortgage approvals.

In summary, this delightful house on Hedingham Road presents a fantastic opportunity for modern living in a sought-after location. With its contemporary design, spacious accommodation, and convenient parking, it is sure to appeal to a variety of buyers looking to enjoy the best of Halstead.

Agent Details

Scott Maddison, Halstead

01787 322351

Next Steps?

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