3 Bed Semi-Detached House, Refurb/BRRR, Chelmsford, CM2 7QF, £475,000

Baddow Road, Great Baddow, CM2 7QF - 2 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£230K - £750K
Sold Prices/m²£2.6K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£379,365

 

 

End Value (After Refurb)

£366,529

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£45,472

Bridging Loan Interest

£12,469

Total Cash In

£203,141

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£366,529

Mortgage (After Refinance)

£274,897

Mortgage LTV

75%

Cash Left In

£203,141

Equity

£91,632

Rent Range

£1,550 - £2,300

Rent Estimate

£1,826

Running Costs/mo

£1,531

Cashflow/mo

£295

Cashflow/yr

£3,545

ROI

2%

Gross Yield

5%

Local Sold Prices

51 sold prices from £230K to £750K, average is £387.5K. £2.6K/m² to £6.9K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£495K12/220.11 mi18, Chelmerton Avenue, Chelmsford, Essex CM2 9RE3
£325K12/200.13 mi1, Spring Pond Close, Chelmsford, Essex CM2 7LX3
£400K02/230.14 mi15, Canford Close, Chelmsford, Essex CM2 9RG3
£305K09/210.15 mi208, Meadgate Avenue, Chelmsford, Essex CM2 7LL3
£475K09/210.16 mi9, Longfield Road, Chelmsford, Essex CM2 7QH3
£525K12/200.16 mi12, Beehive Lane, Chelmsford, Essex CM2 9SX3
£335K12/200.18 mi280, Meadgate Avenue, Chelmsford, Essex CM2 7LN3
£750K11/210.18 mi26, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£550K08/210.18 mi45, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£450K06/210.2 mi8, Oldbury Avenue, Chelmsford, Essex CM2 7EB3
£465K04/210.23 mi4, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE3
£465K04/210.23 mi4, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE3
£320K04/210.23 mi12, Longmore Avenue, Chelmsford, Essex CM2 7NT3
£302.5K01/210.23 mi319, Meadgate Avenue, Chelmsford, Essex CM2 7NL3
£290K10/210.23 mi343, Meadgate Avenue, Chelmsford, Essex CM2 7NL3
£390K04/230.24 mi33, Harberd Tye, Chelmsford, Essex CM2 9GH3
£450K03/230.26 mi36, Beehive Lane, Chelmsford, Essex CM2 9TJ3
£480K01/210.27 mi8, Dorset Avenue, Chelmsford, Essex CM2 9TZ3
£305K05/210.28 mi48, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£390K02/230.29 mi48, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£300K03/230.29 mi50, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£230K02/210.29 mi39, Dorset Avenue, Chelmsford, Essex CM2 9UA3
£387.5K09/210.29 mi318, Baddow Road, Chelmsford, Essex CM2 9QX3
£350K03/210.29 mi276, Baddow Road, Chelmsford, Essex CM2 9QX3
£312.5K02/210.3 mi24, Loftin Way, Chelmsford, Essex CM2 9TN3
£442.5K03/210.33 mi48, Beehive Lane, Chelmsford, Essex CM2 9RP3
£300K01/210.35 mi38, Loftin Way, Chelmsford, Essex CM2 9TW3
£350K01/210.36 mi175, Baddow Road, Chelmsford, Essex CM2 7PZ3
£397.5K05/230.37 mi33, Loftin Way, Chelmsford, Essex CM2 9TP3
£492K02/210.38 mi84, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£550K02/230.38 mi82, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£390K04/210.38 mi2, Chilton Close, Chelmsford, Essex CM2 9TU3
£624K04/230.39 mi210, Baddow Road, Chelmsford, Essex CM2 9QR3
£502.5K01/210.42 mi72, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£310K09/210.43 mi35, Meadgate Avenue, Chelmsford, Essex CM2 7NF3
£360K12/200.43 mi21, The Dell, Great Baddow, Chelmsford, Essex CM2 7JY3
£430K02/230.43 mi19, The Dell, Great Baddow, Chelmsford, Essex CM2 7JY3
£367K06/210.45 mi23, Meadgate Avenue, Chelmsford, Essex CM2 7ND3
£500K12/210.46 mi35, Wallace Crescent, Chelmsford, Essex CM2 9QL3
£375K07/230.46 mi27, Sawkins Gardens, Chelmsford, Essex CM2 9SD3
£390K12/200.46 mi6, Wallace Crescent, Chelmsford, Essex CM2 9QL3
£292.5K03/230.49 mi214, Dorset Avenue, Chelmsford, Essex CM2 8YZ3
£345K03/210.5 mi139, Baddow Road, Chelmsford, Essex CM2 7PY3
£357.5K12/200.5 mi39, Ash Grove, Chelmsford, Essex CM2 9JT3
£387.5K03/210.5 mi9, Ashmeads, Chelmsford, Essex CM2 9FJ3
£500K01/230.5 mi5, Langdale Gardens, Chelmsford, Essex CM2 9QH3
£315K03/210.52 mi16, Lucas Avenue, Chelmsford, Essex CM2 9JJ3
£387.5K12/220.52 mi181, Gloucester Avenue, Chelmsford, Essex CM2 9DX3
£360K09/210.53 mi243, Gloucester Avenue, Chelmsford, Essex CM2 9DX3
£365K12/220.53 mi189, Gloucester Avenue, Chelmsford, Essex CM2 9DX3
£380K05/230.53 mi183, Gloucester Avenue, Chelmsford, Essex CM2 9DX3

Local Rents

22 rents from £1.6K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,30002/240.13 mi-3
£1,55003/240.2 miGerard Gardens, Great Baddow3
£1,55012/240.22 miMeadgate Avenue, Chelmsford3
£1,65004/240.25 mi-3
£1,55004/240.28 miDorset Avenue, CHELMSFORD3
£1,89504/240.31 miGoodwin Close, CHELMSFORD3
£1,55001/250.33 mi-3
£2,10001/250.33 mi-3
£1,80011/240.38 mi-3
£1,70003/250.48 mi-3
£1,80002/250.5 mi-3
£1,65004/250.53 mi-3
£1,85004/250.55 mi-3
£1,79505/240.58 miNoakes Avenue, CHELMSFORD3
£1,89505/240.58 miGreenland Gardens, Great Baddow, CM23
£1,79504/240.59 miWhitethorn Gardens, Chelmsford, Essex, CM23
£1,65005/240.6 miWaltham Glen, Chelmsford, Essex, CM2 9EL3
£1,69510/230.61 miNoakes Avenue, Chelmsford, Essex, CM23
£1,89703/240.62 miWharf Road, Chelmsford, Essex, CM23
£1,88204/240.62 miWharf Road, Chelmsford, Essex, CM23
£2,12003/240.62 miWharf Road, One Canalside, Chelmsford, CM23
£2,22004/240.62 miWharf Road, Chelmsford, Essex, CM23

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.60 miles away

Nearest school

0.30 miles away

Nearest train station

1.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £475,000

February 20, 2025

Listed for £450,000

February 1, 2025

Floor Plans

Description

  • No onward chain +
  • In need of refurbishment +
  • Huge potential to extend (STPP) +
  • 1930's semi +
  • Driveway and garage parking +
  • Rear garden in excess of 130ft +
  • 1.1 mile to Chelmsford High Street +
  • Baddow High School catchment +
  • Meadgate Junior School catchment +
  • Local bus route to Chelmsford train station +

Located in the sought-after area of Great Baddow in Chelmsford, this 1930's semi-detached house is the ideal property for those looking to put their own stamp on their home. With no onward chain, this property is in need of refurbishment but offers endless possibilities for renovation and extension.

This home offers the perfect opportunity for buyers to create their dream home in a desirable location with plenty of potential for a growing family. Don't miss out on the chance to make this property your own! The property features 2 formal reception rooms, three bedrooms, family bathroom, driveway and garage parking, making it convenient for those with vehicles. The rear garden is an impressive size, measuring in excess of 130ft, providing ample space for outdoor living and entertaining.

Situated just 1.1 miles from Chelmsford High Street, residents have easy access to a variety of shops, restaurants, and amenities. The property is also within the catchment area for Baddow High School, as well as Meadgate Junior School, making it an ideal location for families with children. For commuters, the property is conveniently located near a local bus route that provides easy access to Chelmsford train station, offering quick and convenient travel options to London and surrounding areas. Chelmsford itself offers a variety of attractions and activities for residents to enjoy. From exploring the beautiful Hylands Park and Gardens to shopping in the High Chelmer Shopping Centre, there is something for everyone in this vibrant city. Additionally, Chelmsford is home to a number of museums, art galleries, and historical sites, providing plenty of opportunities for cultural enrichment.

Tenure: Freehold

Council Tax: Band E is the council tax band for this property with an annual amount of £2,615.25.

As an integral part of the community, we’ve gotten to know the best professionals for the job. If we recommend one to you, it will be in good faith that they’ll make the process as smooth as can be. Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200. You are under no obligation to use a third party we have recommended.

Should you successfully have an offer accepted on a property of ours and proceed to purchase it there is an administration charge of £30 inc. VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.

Entrance hall

Lounge
4.24 m x 4.24 m (13'11" x 13'11")

Dining room
3.63 m x 3.17 m (11'11" x 10'5")

Kitchen
3.84 m x 2.57 m (12'7" x 8'5")

Landing

Bedroom 1
4.27 m x 4.24 m (14'0" x 13'11")

Bedroom 2
3.66 m x 3.63 m (12'0" x 11'11")

Bedroom 3
2.62 m x 2.57 m (8'7" x 8'5")

Bathroom

Garage
5.00 m x 2.54 m (16'5" x 8'4")

Agent Details

HOME, Chelmsford

01245 945628

Next Steps?

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