2 Bed Terraced House, Refurb/BRRR, Chelmsford, CM2 0EL, £365,000

Goldlay Road, Old Moulsham, Chelmsford, CM2 0EL - 2 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£257K - £507K
Sold Prices/m²£3.1K/m² - £7.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.4K/m²

Value Estimate

£324,633

 

 

End Value (After Refurb)

£317,851

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£17,900

Refurb Costs

£33,303

Bridging Loan Interest

£9,581

Total Cash In

£153,784

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£317,851

Mortgage (After Refinance)

£238,388

Mortgage LTV

75%

Cash Left In

£153,784

Equity

£79,463

Rent Range

£950 - £3,125

Rent Estimate

£1,571

Running Costs/mo

£1,327

Cashflow/mo

£244

Cashflow/yr

£2,922

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £257K to £507K, average is £325K. £3.1K/m² to £7.4K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£362.5K05/210.03 mi23, Goldlay Road, Chelmsford, Essex CM2 0EJ2
£507K11/200.1 mi74, Manor Road, Chelmsford, Essex CM2 0ER2
£375K07/230.12 mi11, Parker Road, Chelmsford, Essex CM2 0ES2
£275K11/210.17 mi48, Roman Road, Chelmsford, Essex CM2 0HB2
£460K08/210.21 mi119, Mildmay Road, Chelmsford, Essex CM2 0DS2
£419K02/210.21 mi93, Mildmay Road, Chelmsford, Essex CM2 0DS2
£420K12/220.21 mi27, Lady Lane, Chelmsford, Essex CM2 0TG2
£350K06/210.22 mi14, Grove Road, Chelmsford, Essex CM2 0EY2
£380K06/210.28 mi15, Hamlet Road, Chelmsford, Essex CM2 0EU2
£312.5K02/210.3 mi148, Moulsham Street, Chelmsford, Essex CM2 0LD2
£312.5K02/210.3 mi148, Moulsham Street, Chelmsford, Essex CM2 0LD2
£325K12/220.36 mi20, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£315.5K08/210.36 mi34, Navigation Road, Chelmsford, Essex CM2 6HD2
£285K11/210.38 mi6, Vicarage Road, Chelmsford, Essex CM2 9PG2
£425K12/220.39 mi14, Anchor Street, Chelmsford, Essex CM2 0JY2
£318K09/210.39 mi10, Anchor Street, Chelmsford, Essex CM2 0JY2
£395K12/200.4 mi15, Nursery Road, Chelmsford, Essex CM2 9PL2
£330K08/210.4 mi22, Wallace Crescent, Chelmsford, Essex CM2 9QL2
£392K12/200.41 mi9, Nursery Road, Chelmsford, Essex CM2 9PJ2
£300K04/210.42 mi12, Hill Road, Chelmsford, Essex CM2 6HW2
£375K11/200.42 mi46, Vicarage Road, Chelmsford, Essex CM2 9PQ2
£367K09/210.42 mi13, Hill Road, Chelmsford, Essex CM2 6HW2
£335K01/210.43 mi19, Fraser Close, Chelmsford, Essex CM2 0TD2
£357K12/200.47 mi29, Marlborough Road, Chelmsford, Essex CM2 0JR2
£260K06/210.48 mi233, Baddow Road, Chelmsford, Essex CM2 7PZ2
£330K06/210.51 mi16, New Writtle Street, Chelmsford, Essex CM2 0RR2
£325K03/210.52 mi17, New Writtle Street, Chelmsford, Essex CM2 0RR2
£320K11/210.52 mi53, Baker Street, Chelmsford, Essex CM2 0SA2
£362.5K08/230.52 mi268, Baddow Road, Chelmsford, Essex CM2 9QX2
£291K07/210.53 mi175, Springfield Road, Chelmsford, Essex CM2 6JP2
£410K02/230.55 mi81, Lower Anchor Street, Chelmsford, Essex CM2 0AU2
£310K05/210.59 mi89, Bradford Street, Chelmsford, Essex CM2 0BG2
£329K03/210.59 mi6, Upper Bridge Road, Chelmsford, Essex CM2 0RT2
£330K02/210.6 mi4, Seymour Street, Chelmsford, Essex CM2 0RX2
£321K12/200.61 mi247, Baddow Road, Chelmsford, Essex CM2 7QA2
£325K04/210.61 mi245, Baddow Road, Chelmsford, Essex CM2 7QA2
£305K03/210.61 mi243, Baddow Road, Chelmsford, Essex CM2 7QA2
£301K01/210.64 mi35, Chelmer Road, Chelmsford, Essex CM2 6NH2
£330K05/230.67 mi28, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UQ2
£292.5K03/210.67 mi10, Beehive Lane, Chelmsford, Essex CM2 9SX2
£335K02/230.67 mi170, Upper Bridge Road, Chelmsford, Essex CM2 0BB2
£345K01/210.67 mi148, Upper Bridge Road, Chelmsford, Essex CM2 0BB2
£325K08/230.7 mi7, Beehive Lane, Chelmsford, Essex CM2 9SU2
£285K03/210.71 mi5, Belgrave Close, Chelmsford, Essex CM2 9TS2
£320K11/200.71 mi12, Belle Vue, Chelmsford, Essex CM2 0BD2
£315K03/210.72 mi9, Arbour Lane, Chelmsford, Essex CM1 7RG2
£302K10/210.72 mi17, Townfield Street, Chelmsford, Essex CM1 1QJ2
£285K06/230.72 mi26, Townfield Street, Chelmsford, Essex CM1 1QL2
£257K06/230.73 mi5, Townfield Street, Chelmsford, Essex CM1 1QJ2
£300K12/200.73 mi37, Ash Grove, Chelmsford, Essex CM2 9JT2

Local Rents

50 rents from £950/mo to £3.1K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,30003/250.04 mi-2
£1,25003/240.05 miParkway House2
£1,10004/240.06 miParkway House, 49 Baddow Road, CM22
£1,37505/240.1 mi-2
£1,40003/240.1 miLynmouth Avenue, Chelmsford2
£1,40005/240.1 miMildmay Road, Chelmsford2
£1,20003/250.11 mi-2
£1,30003/240.12 miMildmay Road, Chelmsford, CM22
£1,25003/240.14 miBurwood Court, Goldlay Avenue2
£1,15004/240.15 miMildmay Road, Old Moulsham, Chelmsford, Essex, CM2 0DZ2
£95003/240.16 miBaddow Road, CM22
£1,49504/240.17 miRoman Road, Old Moulsham, CM22
£1,39002/250.17 mi-2
£1,20003/250.17 mi-2
£1,35004/240.2 miMoulsham Street, Chelmsford2
£1,30004/240.2 miOrchard Street, Chelmsford, CM22
£99503/240.21 miMoulsham Street, Old Moulsham2
£1,45004/240.21 miCanside, Chelmsford, CM12
£1,60005/240.22 miWharf road, Chelmsford2
£1,55012/240.23 miMoulsham Street, Chelmsford2
£1,10003/240.23 miMoulsham Street, Chelmsford, CM22
£1,65004/240.23 miWharf road, Chelmsford2
£3,10003/240.24 mi-2
£3,10003/240.24 mi-2
£3,10003/250.24 mi-2
£3,12504/250.24 mi-2
£2,05010/230.25 miWharf Road, Chelmsford2
£1,59504/240.25 miThe Waterfront, Wharf Road, Chelmsford2
£1,59504/240.25 miWharf Road, Chelmsford2
£1,75004/240.25 mi236 Wharf Road, CM22
£2,20004/240.27 mi-2
£1,66204/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,47504/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,45503/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,47004/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,48505/240.28 miWharf Road, Chelmsford, Essex, CM22
£1,45003/240.29 miNavigation Road, Chelmsford2
£1,55005/240.29 miCressy Quay, Chelmsford2
£1,47510/230.29 miSpringfield Basin, Chelmsford2
£1,25010/230.29 miSpringfield Basin, Wharf Road, Chelmsford, Essex, CM22
£1,55005/240.29 miCressy Quay, Chelmsford, Essex, CM22

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

0.80 miles away

Nearest school

0.40 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £365,000

February 8, 2025

Floor Plans

Description

  • No onward chain +
  • Sought after area +
  • Walking distance of the High Street & railway station +
  • Lounge & dining room +
  • Two bedrooms +
  • First floor bathroom +
  • In need of some modernisation +
  • 82ft rear garden +
  • Near by pubs & restaurants +
  • Ideal first time purchase +

This period home is being offered for sale with no onward chain and located in the sought after Old Moulsham area of Chelmsford. Inside, there is an entrance lobby, a lounge, separate dining room, kitchen, two bedrooms and a spacious bathroom located off of the landing. Outside, there is a garden area to front and a 82ft garden to rear. Internally, the property still boasts many character features from high ceilings to large windows allowing an abundance of natural light through. The property does require some modernisation and improvement offering buyers a fantastic opportunity to improve and add value over time.

Goldlay Road is situated in the sought after area of Old Moulsham within the City centre itself. The area is conveniently positioned within walking distance of the High Street and railway station. Chelmsford station has a frequent service to London Stratford from 31 minutes and Liverpool Street from 36 minutes. The High Street has an extensive selection of places to eat, drink and socialise, with further access to High Chelmer, The Meadows and Bond Street where you will find the well-known retailer John Lewis. Moulsham Street is a great alternative to visit positioned at the start of the road with a number of independent eateries and several traditional public houses with a choice of real ales and hot food and is located just a stones throw from this home.

Tenure: Freehold

Council Tax: Band C is the council tax band for this property with an annual amount of £1,852.88.

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.

Ground floor

Entrance hall

Lounge
3.78 m x 3.73 m (12'5" x 12'3")

Dining room
3.68 m x 4.11 m (12'1" x 13'6")

Kitchen
4.11 m x 2.16 m (13'6" x 7'1")

Landing

Bedroom 1
3.76 m x 3.25 m (12'4" x 10'8")

Bedroom 2
3.25 m x 2.74 m (10'8" x 9'0")

Bathroom

Outside

Front garden

Rear garden
24.99 m x 3.66 m (82'0" x 12'0")

Agent Details

HOME, Old Moulsham

01245 945820

Next Steps?

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