2 Bed Terraced House, Refurb/BRRR, Halstead, CO9 3DP, £440,000

74 Nunnery Street, Castle Hedingham, CO9 3DP - 2 months ago

Refurb/BRRR
127 m²
+18 photos

ValuationFair Value

Sold Prices£139.2K - £500K
Sold Prices/m²£2.5K/m² - £4.6K/m²

 

 

Square Metres

127 m²
Price/m²£3.5K/m²

Value Estimate

£444,500

 

 

End Value (After Refurb)

£423,078

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£110,000

Stamp Duty & Legal Fees

£23,900

Refurb Costs

£60,917

Bridging Loan Interest

£11,550

Total Cash In

£208,117

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£423,078

Mortgage (After Refinance)

£317,309

Mortgage LTV

75%

Cash Left In

£208,117

Equity

£105,770

Rent Range

£695 - £4,750

Rent Estimate

£1,253

Running Costs/mo

£1,593

Cashflow/mo

£-340

Cashflow/yr

£-4,077

Gross Yield

3%

Local Sold Prices

33 sold prices from £139.2K to £500K, average is £245K. £2.5K/m² to £4.6K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£500K07/230.05 mi81, Nunnery Street, Castle Hedingham, Halstead, Essex CO9 3DP2
£210K11/200.18 mi89, Nunnery Street, Castle Hedingham, Halstead, Essex CO9 3DR2
£279.5K04/210.25 mi3, Crown Street, Castle Hedingham, Halstead, Essex CO9 3DB2
£279.5K04/210.25 mi3, Crown Street, Castle Hedingham, Halstead, Essex CO9 3DB2
£236K11/220.32 mi33, Bayley Street, Castle Hedingham, Halstead, Essex CO9 3DG2
£235K10/200.72 mi12, Charlton Close, Sible Hedingham, Halstead, Essex CO9 3QF2
£220K06/210.73 mi8, Abbey Meadow, Sible Hedingham, Halstead, Essex CO9 3QS2
£228K10/200.73 mi15, Abbey Meadow, Sible Hedingham, Halstead, Essex CO9 3QS2
£250K11/210.73 mi48, Abbey Meadow, Sible Hedingham, Halstead, Essex CO9 3QS2
£340K12/200.79 mi10, Castle Meadow, Sible Hedingham, Halstead, Essex CO9 3PZ2
£245K07/210.79 mi26, Friars Close, Sible Hedingham, Halstead, Essex CO9 3QX2
£193.5K07/210.79 mi17, Friars Close, Sible Hedingham, Halstead, Essex CO9 3QX2
£265K12/220.79 mi3, Friars Close, Sible Hedingham, Halstead, Essex CO9 3QX2
£230K06/210.79 mi28, Friars Close, Sible Hedingham, Halstead, Essex CO9 3QX2
£315K07/230.93 mi18, Brook Terrace, Sible Hedingham, Halstead, Essex CO9 3PS2
£231.5K05/210.96 mi36, Summerfields, Sible Hedingham, Halstead, Essex CO9 3HS2
£256K04/231.04 mi31, Alexandra Road, Sible Hedingham, Halstead, Essex CO9 3ND2
£171.5K09/211.13 mi3, Gibson Road, Sible Hedingham, Halstead, Essex CO9 3JE2
£240K12/201.13 mi15, Gibson Road, Sible Hedingham, Halstead, Essex CO9 3JE2
£220K05/231.13 mi11, Gibson Road, Sible Hedingham, Halstead, Essex CO9 3JE2
£335K12/201.13 mi6, Recreation Ground, Sible Hedingham, Halstead, Essex CO9 3JD2
£270K04/211.15 mi20, Spring Way, Sible Hedingham, Halstead, Essex CO9 3SB2
£370K03/211.2 mi21, School Road, Sible Hedingham, Halstead, Essex CO9 3NR2
£220K06/211.22 mi11, Colne Road, Sible Hedingham, Halstead, Essex CO9 3JP2
£260K02/231.24 mi23, Alderford Street, Sible Hedingham, Halstead, Essex CO9 3HX2
£233K08/211.24 mi6, Wethersfield Road, Sible Hedingham, Halstead, Essex CO9 3LB2
£224K03/211.24 mi8, Wethersfield Road, Sible Hedingham, Halstead, Essex CO9 3LB2
£271K11/201.24 mi107, Hawkwood Road, Sible Hedingham, Halstead, Essex CO9 3JS2
£271K11/201.24 mi107, Hawkwood Road, Sible Hedingham, Halstead, Essex CO9 3JS2
£236K08/211.25 mi17, Sparrow Close, Sible Hedingham, Halstead, Essex CO9 3JU2
£262K11/201.32 mi57, Hawkwood Road, Sible Hedingham, Halstead, Essex CO9 3JR2
£260K03/211.83 mi13, Toppesfield Road, Great Yeldham, Halstead, Essex CO9 4HB2
£139.2K05/211.85 mi6, Poplar Close, Great Yeldham, Halstead, Essex CO9 4HA2

Local Rents

26 rents from £695/mo to £4.8K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£95012/240.18 miCastle Hedingham, Halstead, Essex2
£1,70001/250.19 mi-2
£1,05012/240.24 miPye Corner, Castle Hedingham3
£99512/240.25 miCrown Street, Castle Hedingham2
£1,89512/240.37 miCastle Hedingham, Halstead4
£1,65002/250.41 mi-3
£1,29512/240.43 miBayley Street, Castle Hedingham, Halstead2
£90012/240.66 miNorman Close, CO92
£1,30012/240.72 mi-3
£70001/250.79 mi-1
£1,79512/240.84 miCastle Hedingham, Halstead3
£69512/240.87 miSwan Street, Sible Hedingham1
£77512/240.98 miSwan Street, Sible Hedingham, CO91
£89512/241.01 miSummerfields, Sible Hedingham2
£1,15012/241.09 miSwan Street, Sible Hedingham2
£1,15012/241.09 miSwan Street, Sible Hedingham3
£99512/241.33 mi-1
£99503/251.35 mi-1
£99509/231.46 mi-1
£85004/241.53 mi-1
£85002/241.53 mi-1
£85012/241.53 mi-1
£85012/241.53 miBraintree Road, Sible Hedingham, Halstead, CO91
£4,75012/241.56 mi-5
£1,10012/241.76 miCherry Lane, Great Yeldham, HALSTEAD2
£1,20012/242.01 miCarleton Close, Great Yeldham3

Local Area Statistics

Population in CO9

25,162

Town centre distance

3.94 miles away

Nearest school

0.10 miles away

Nearest train station

6.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+41%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £440,000

February 4, 2025

Floor Plans

Description

  • Village centre location +
  • Exposed timbers +
  • Two/three bedrooms +
  • Three/four reception rooms +
  • Flexible accommodation +
  • Annexe potential +
  • Garage +
  • Impressive large rear garden +
  • Grade II listed +
  • NO ONWARD CHAIN +

Guide price £440,000 to £450,000. A charming Grade II listed detached cottage found at the end of a stone covered private driveway with highly adaptable accommodation and occupying a very well-proportioned plot. Secluded gardens to the front and side, delightful rear garden. NO ONWARD CHAIN.

Part glazed entrance door to dining room with exposed timber beams and substantial red brick fireplace with windows overlooking the rear garden and exposed timber floor. Doorway through to sitting room with windows to two elevations including the rear garden and fireplace, potentially suitable for the installation of a log burner or solid fuel burner. From the dining room there is access from a doorway to the kitchen which features solid timber tops and sink top, base cupboards and draw stack, understairs storage cupboard and window overlooking the enclosed courtyard garden.

Doorway from kitchen to rear lobby with quarry tiled floor area and doorway leading to the courtyard garden with a stable style door leading to the rear garden with steps up to a kitchenette. This has a ceramic tiled floor area, fitted work top and sink bowl with space for washing machine. Further door to shower room with shower cubicle, low level WC.

Stairs ascending to first floor landing, timber balustrade door to bathroom with white suite and window overlooking courtyard garden, landing extends through the doorway with dormer window and access to two bedrooms. The principal bedroom is very spacious with fireplace fitted wardrobes and access to loft. The second bedroom incorporates fitted wardrobes with dormer window overlooking the particularly lovely rear gardens.

Outside
The property is approached via a long p shingled driveway which passes cottages on the right hand side. The driveway leads to a garage and two gates, first gate leading to the font door and an L-shaped retained terrace front garden and the second gate to the rear garden and block paved patio. The garage is of timber construction with a pitched roof and features double doors, a rear exit door and power and light connected.

The rear garden is an absolute delight enjoying a high degree of privacy, peace and quiet. It comprises of various patio levels of block paving, patio slabs and stones. There are lawned areas interspersed by deep flower and shrub boarders, to include daffodils, primroses, wild orchard and many others. There is also a segregated area for the growing of vegetables, two timber sheds and a greenhouse. Trees throughout the garden includes apple, pear and plum trees. The rear boundary abuts a wooded area.

Agents Note;
The property is of timber framed construction. The current owner has removed some of the internal doors, for convenience. The driveway forms part of the title. The neighbouring cottages situated along the driveway have the right to 'pass and repass' for access to their cottages. This property does require some modernisation.

Additional information
Services: Main water, electricity and drainage.
Gas fired heating to radiators. EPC rating: N/A Council tax band: C.
Broadband speed: up to 60 Mbps (Ofcom).
Mobile coverage: EE, O2, Three & Vodafone (Ofcom).
Listing Entry Number: 1168673
None of the services have been tested by the agent.
Local authority: Braintree District Council .
Viewing strictly by appointment with David Burr. DAVIDBURR.CO.UK

 

DINING ROOM 14' 11" x 12' 1" (4.55m x 3.70m)  

SITTING ROOM 14' 11" x 11' 1" (4.55m x 3.40m)  

KITCHEN 11' 9" x 7' 4" (3.60m x 2.25m)  

INNER HALL  

UTILITY ROOM 8' 7" x 4' 7" (2.64m x 1.40m)  

SHOWER ROOM 8' 6" x 3' 3" (2.60m x 1.00m)  

BEDROOM THREE 9' 0" x 8' 10" (2.75m x 2.70m)  

BEDROOM FOUR/OFFICE 9' 0" x 7' 6" (2.75m x 2.30m)  

GARDEN ROOM 13' 1" x 9' 0" (4.00m x 2.75m)  

STORAGE ROOM 8' 8" x 6' 5" (2.65m x 1.98m)  

LANDING  

BEDROOM ONE 14' 10" x 13' 2" (4.53m x 4.03m)  

BEDROOM TWO 10' 8" x 9' 8" (3.26m x 2.97m)  

BATHROOM 7' 4" x 6' 4" (2.26m x 1.95m)  

GARAGE 15' 1" x 9' 8" (4.62m x 2.97m)

Agent Details

David Burr Estate Agents, Castle Hedingham

01787 322211

Next Steps?

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