4 Bed Detached House, Refurb/BRRR, Billericay, CM12 0XA, £525,000

Lancer Way, Billericay, CM12 0XA - 18 views - 3 months ago

Refurb/BRRR
~129 m²
+12 photos

ValuationFair Value

Sold Prices£300K - £1.3M
Sold Prices/m²£2.3K/m² - £8.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.1K/m²

Value Estimate

£530,250

 

 

End Value (After Refurb)

£782,384

Uplift in Value

+49%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£63,600

Bridging Loan Interest

£13,781

Total Cash In

£241,081

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£782,384

Agent Fees (1%)

£7,824

Bridging Loan

£393,750

Bridging Loan Interest

£13,781

Flip Profit

£139,729

Local Sold Prices

50 sold prices from £300K to £1.3M, average is £582.5K. £2.3K/m² to £8.7K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£520K03/210.04 mi34, Lancer Way, Billericay, Essex CM12 0XA4
£560K10/220.06 mi11, Rumbullion Drive, Billericay, Essex CM12 0HE4
£500K02/210.08 mi227, Mountnessing Road, Billericay, Essex CM12 0EH4
£640K04/210.13 mi4, Earl Mountbatten Drive, Billericay, Essex CM12 0ED4
£720K01/230.13 mi4, Earl Mountbatten Drive, Billericay, Essex CM12 0ED4
£685K11/200.15 mi1, Pavilion Place, Billericay, Essex CM12 0ET4
£950K06/210.18 mi2, The Mullions, Billericay, Essex CM12 9XG4
£470K06/210.18 mi3, Perry Street, Billericay, Essex CM12 0LZ4
£470K06/210.18 mi3, Perry Street, Billericay, Essex CM12 0LZ4
£530K03/210.2 mi57, Crescent Road, Billericay, Essex CM12 0HZ4
£570K10/220.22 mi8, Crescent Gardens, Billericay, Essex CM12 0JG4
£600K04/230.23 mi22, Raven Lane, Billericay, Essex CM12 0JA4
£565K11/220.25 mi42, Perry Street, Billericay, Essex CM12 0NA4
£480K03/210.26 mi300, Mountnessing Road, Billericay, Essex CM12 0ER4
£630K11/200.26 mi311, Mountnessing Road, Billericay, Essex CM12 0ER4
£910K12/200.28 mi17, Grove Road, Billericay, Essex CM12 9HD4
£684K03/210.28 mi41, Brightside, Billericay, Essex CM12 0LJ4
£300K03/210.28 mi54, The Warren, Billericay, Essex CM12 0LN4
£530K02/210.31 mi69, Knightbridge Walk, Billericay, Essex CM12 0HL4
£595K06/230.31 mi77, Knightbridge Walk, Billericay, Essex CM12 0HL4
£510K09/210.34 mi18, Raven Lane, Billericay, Essex CM12 0JD4
£570K10/220.35 mi48, Knightbridge Walk, Billericay, Essex CM12 0HN4
£445K02/210.36 mi26, Cherry Gardens, Billericay, Essex CM12 0HA4
£557.5K11/220.36 mi19, Raven Close, Billericay, Essex CM12 0JE4
£515K11/220.4 mi28, Knightbridge Walk, Billericay, Essex CM12 0HP4
£1.2M11/220.4 mi21, Station Road, Billericay, Essex CM12 9DP4
£442K03/230.4 mi5, Upland Drive, Billericay, Essex CM12 0JT4
£525K06/210.4 mi6, Upland Drive, Billericay, Essex CM12 0JT4
£400K11/200.41 mi28, Upland Road, Billericay, Essex CM12 0JP4
£895K06/210.41 mi1, Beaufort Road, Billericay, Essex CM12 9JL4
£915K12/220.43 mi26, Bluebell Wood, Billericay, Essex CM12 0ES4
£500K03/210.43 mi9, Bluebell Wood, Billericay, Essex CM12 0ES4
£775K12/200.43 mi3, Bluebell Wood, Billericay, Essex CM12 0ES4
£455K02/210.44 mi352, Mountnessing Road, Billericay, Essex CM12 0EU4
£540K11/200.47 mi32, Rosslyn Road, Billericay, Essex CM12 9JN4
£510K05/230.47 mi15, Rosebay Avenue, Billericay, Essex CM12 0SY4
£862.5K02/230.47 miHollycroft, London Road, Billericay, Essex CM12 9HJ4
£795K04/210.48 mi18, Mountnessing Road, Billericay, Essex CM12 9EU4
£1.3M12/220.49 miGreen Gables, London Road, Billericay, Essex CM12 9HJ4
£1.3M05/230.51 mi40, Cromwell Avenue, Billericay, Essex CM12 0AG4
£777K07/230.52 mi16, Wakefield Avenue, Billericay, Essex CM12 9DN4
£745K03/230.53 mi4, Shanklin Avenue, Billericay, Essex CM12 9JJ4
£800K01/210.53 mi6, Shanklin Avenue, Billericay, Essex CM12 9JJ4
£900K06/210.54 mi2, Ruskin Dene, Billericay, Essex CM12 0AN4
£700K02/210.55 mi7, Chestnut Avenue, Billericay, Essex CM12 9JF4
£900K11/200.56 mi26, St Marys Avenue, Billericay, Essex CM12 9DU4
£680K06/210.57 mi9, Western Mews, Billericay, Essex CM12 9EA4
£740K03/210.58 mi47, Western Road, Billericay, Essex CM12 9DX4
£510K01/210.59 mi19, Kensington Gardens, Billericay, Essex CM12 0TZ4
£470K12/200.59 mi1, Porchester Road, Billericay, Essex CM12 0UG4

Local Rents

11 rents from £1.5K/mo to £3.8K/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£1,99512/240.15 mi-3
£1,99512/240.3 miRaven Crescent, Billericay4
£3,00001/250.31 mi-4
£3,00002/250.31 mi-4
£2,60012/240.35 miPark View, 30 Radford Way, CM123
£2,59512/240.37 miUpland Road, CM124
£2,75012/240.45 miWest Park Avenue, Billericay, CM124
£3,75012/240.53 miPerry Street, Billericay, Essex, CM126
£1,55012/240.56 miVincent Way, Billericay, Essex, CM123
£1,50012/240.56 mi-3
£1,50001/250.56 mi-3

Local Area Statistics

Population in CM12

20,042

Population in Billericay

39,325

Town centre distance

1.64 miles away

Nearest school

0.40 miles away

Nearest train station

0.62 miles away

 

 

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £525,000

February 3, 2025

Floor Plans

Description

  • GUIDE PRICE: £525,000 - £550,000 +
  • NO ONWARD CHAIN +
  • FOUR BEDROOM LINK DETACHED HOUSE IN NEED OF MODERNISATION +
  • SEPARATE DINING ROOM AND LOUNGE +
  • KITCHEN +
  • NEW BOILER +
  • GOOD SIZE REAR GARDEN WITH GARAGE & DRIVEWAY +
  • SOUGHT AFTER LOCATION CLOSE TO THE STATION AND AMENITIES +

SUMMARY
Link detached property in need of modernisation consisting of four bedrooms, family bathroom, kitchen, lounge, dining room, good sized garden, garage and driveway. Sought after location close to the station and all amenities.

DESCRIPTION
This is a four bedroom link detached property in a fantastic sought after location close to the station, schools and the town centre. The property would benefit from some modernisation but has all the potential to be a lovely family home.

The property benefits from having a hallway, giving access to the stairs, a downstairs wc and doorways to the lounge and kitchen. The good size lounge has a bay windrow to the front and doors leading to the separate dining room that has sliding doors to the garden. On the first floor there are four bedrooms which consist of two doubles and two singles and a family bathroom.

Billericay is a vibrant town with a fantastic community feel, surrounded by countryside whilst benefiting from excellent rail and road connections to London and the surrounding areas. With great schools and a well supported local football team Billericay has everything you could need in a town including a good mix of restaurants, local pubs, cocktails bars and takeaways.

Lounge 12' 7" x 12' 4" ( 3.84m x 3.76m )

Dining Room 12' 4" x 9' 4" ( 3.76m x 2.84m )

Kitchen 12' 2" x 8' 8" ( 3.71m x 2.64m )

Bedroom One 12' 7" x 9' 8" ( 3.84m x 2.95m )

Bedroom Two 10' 4" x 9' 8" ( 3.15m x 2.95m )

Bedroom Three 6' 1" x 8' 4" ( 1.85m x 2.54m )

Bedroom Four 8' 8" x 5' 2" ( 2.64m x 1.57m )

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Billericay

01277 289508

Next Steps?

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