3 Bed Semi-Detached House, Refurb/BRRR, Billericay, CM12 0JF, £525,000

Raven Crescent, Billericay, CM12 0JF - 3 months ago

Refurb/BRRR
Planning
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£285K - £600K
Sold Prices/m²£3.4K/m² - £7.1K/m²

 

 

Square Metres

~93 m²
Price/m²£5.6K/m²

Value Estimate

£477,917

 

 

End Value (After Refurb)

£541,250

Uplift in Value

+-6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£34,700

Refurb Costs

£45,760

Bridging Loan Interest

£13,781

Total Cash In

£227,241

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£541,250

Mortgage (After Refinance)

£405,938

Mortgage LTV

75%

Cash Released

£12,188

Cash Left In

£215,054

Equity

£135,313

Rent Range

£1,500 - £2,600

Rent Estimate

£1,751

Running Costs/mo

£2,062

Cashflow/mo

£-311

Cashflow/yr

£-3,727

Gross Yield

4%

Local Sold Prices

50 sold prices from £285K to £600K, average is £447.5K. £3.4K/m² to £7.1K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£499K01/210.01 mi30, Raven Crescent, Billericay, Essex CM12 0JF3
£577K03/230.04 mi15, St Peters Walk, Billericay, Essex CM12 0JU3
£555K02/210.04 mi14, St Peters Walk, Billericay, Essex CM12 0JU3
£450K04/210.05 mi5, St Peters Walk, Billericay, Essex CM12 0JU3
£387K03/210.06 mi4, St Peters Walk, Billericay, Essex CM12 0JU3
£560K11/220.06 mi30, Ian Road, Billericay, Essex CM12 0JZ3
£530K12/200.07 mi72, Upland Road, Billericay, Essex CM12 0JS3
£470K10/220.09 mi16, Upland Road, Billericay, Essex CM12 0JP3
£435K02/210.09 mi7, Wick Glen, Billericay, Essex CM12 0HS3
£450K06/230.13 mi45, Perry Street, Billericay, Essex CM12 0NA3
£550K12/220.13 mi63, Crescent Road, Billericay, Essex CM12 0HZ3
£550K06/210.13 mi6, St Helens Walk, Billericay, Essex CM12 0LA3
£380K11/200.14 mi20, Cornflower Gardens, Billericay, Essex CM12 0TQ3
£390K02/230.14 mi18, Cornflower Gardens, Billericay, Essex CM12 0TQ3
£420K03/210.14 mi6, Crescent Close, Billericay, Essex CM12 0HT3
£480K11/220.15 mi4, Atridge Chase, Billericay, Essex CM12 0HR3
£365K07/230.17 mi8, Celandine Close, Billericay, Essex CM12 0SU3
£445K11/200.17 mi70, Crescent Road, Billericay, Essex CM12 0HU3
£414.5K04/210.17 mi72, Crescent Road, Billericay, Essex CM12 0HU3
£545K03/230.18 mi19, Knightbridge Walk, Billericay, Essex CM12 0HP3
£362K08/220.18 mi20, Celandine Close, Billericay, Essex CM12 0SU3
£285K04/230.18 mi11, Buttercup Close, Billericay, Essex CM12 0SX3
£485K03/210.18 mi12, Gordon Close, Billericay, Essex CM12 0HX3
£475K11/210.19 mi22, Knightbridge Walk, Billericay, Essex CM12 0HP3
£440K03/210.19 mi4, Gordon Close, Billericay, Essex CM12 0HX3
£500K06/230.19 mi20, Gordon Close, Billericay, Essex CM12 0HX3
£400K11/200.19 mi22, Gordon Close, Billericay, Essex CM12 0HX3
£508K10/220.2 mi2, Hares Chase, Billericay, Essex CM12 0HJ3
£475K08/210.21 mi18, Earl Mountbatten Drive, Billericay, Essex CM12 0ED3
£425K03/210.21 mi38, Knightbridge Walk, Billericay, Essex CM12 0HN3
£445K04/210.21 mi52, Knightbridge Walk, Billericay, Essex CM12 0HN3
£450K03/230.21 mi43, Knightbridge Walk, Billericay, Essex CM12 0HN3
£450K03/210.21 mi51, Knightbridge Walk, Billericay, Essex CM12 0HN3
£412K02/210.21 mi11, Brightside Close, Billericay, Essex CM12 0LG3
£600K01/230.23 mi70, Knightbridge Walk, Billericay, Essex CM12 0HL3
£445K03/210.23 mi79, Knightbridge Walk, Billericay, Essex CM12 0HL3
£595K08/210.25 mi34, The Warren, Billericay, Essex CM12 0LW3
£302K12/200.25 mi2, Queens Gate Mews, Billericay, Essex CM12 0XL3
£305K11/210.25 mi10, Queens Gate Mews, Billericay, Essex CM12 0XL3
£340K01/230.25 mi21, Queens Gate Mews, Billericay, Essex CM12 0XL3
£528K11/200.25 mi7, Lakeside, Billericay, Essex CM12 0NF3
£320K02/230.25 mi20, Queens Gate Mews, Billericay, Essex CM12 0XL3
£304K04/210.25 mi14, Dolphin Gardens, Billericay, Essex CM12 0XH3
£435K03/210.26 mi9, Lakeside, Billericay, Essex CM12 0NF3
£457K02/210.27 mi195, Mountnessing Road, Billericay, Essex CM12 0EH3
£412.5K02/210.3 mi4, Leighs Rifleman, Billericay, Essex CM12 0XB3
£415K06/210.3 mi8, Kensington Gardens, Billericay, Essex CM12 0TZ3
£302K06/210.31 mi7, Lorrimore Close, Billericay, Essex CM12 0XP3
£506K07/230.32 mi14, Rumbullion Drive, Billericay, Essex CM12 0HE3
£477.5K03/230.32 mi9, Lancer Way, Billericay, Essex CM12 0XA3

Local Rents

10 rents from £1.5K/mo to £2.6K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,99512/240.19 mi-3
£1,55012/240.24 miVincent Way, Billericay, Essex, CM123
£1,50012/240.25 mi-3
£1,50001/250.25 mi-3
£2,60012/240.42 miPark View, 30 Radford Way, CM123
£1,55012/240.43 miDorset Way, CM123
£1,90012/240.44 mi-3
£1,69503/240.45 mi-3
£1,69503/250.45 mi-3
£1,52512/240.61 miWestbourne Gardens, BILLERICAY3

Local Area Statistics

Population in CM12

20,042

Population in Billericay

39,325

Town centre distance

1.71 miles away

Nearest school

0.20 miles away

Nearest train station

0.64 miles away

 

 

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £525,000

February 20, 2025

Listed for £575,000

February 10, 2025

Floor Plans

Description

  • SEMI DETACHED FAMILY HOME +
  • POTENTIAL TO EXTEND (STPP) +
  • THREE DOUBLE BEDROOMS +
  • OFF STREET PARKING +
  • GENEROUS LIVING ROOM +
  • MAYFLOWER AND BRIGHTSIDE SCHOOL CATCHMENT AREA +

Situated on a generous corner plot, this well-presented home offers great potential for extension (STPP). The property features a bright living room with bi-fold doors to a secluded garden, a spacious dining area, and a kitchen in need of modernisation. Upstairs, there are three good-sized bedrooms, including a master with en-suite, plus a family bathroom that has recently been updated.

Externally, there?s a large rear garden, off-street parking for three cars, and a detached garage?ideal as a workshop or home office. Conveniently located near schools, amenities, and transport links.

Well-Presented Three-Bedroom Semi-Detached Home in a Sought-After Billericay Location

Situated on a generous corner plot, this fantastic home offers excellent potential for extension (subject to planning permission). This bright and spacious home features a well-lit lounge with bi-fold doors leading to a secluded rear garden. The kitchen would benefit from modernisation, offering the perfect opportunity to create your ideal culinary space, while the dining area provides a great space for entertaining. A ground floor cloakroom adds extra convenience. Upstairs, there are three generously sized bedrooms, including a master bedroom with an en-suite shower room, plus a stylish family bathroom. Externally, the property benefits from a large rear garden, off-street parking for three cars, and an additional driveway leading to a detached garage, which could be ideal as a workshop or home office. Conveniently located close to local amenities, well-regarded schools, and excellent transport links, this property presents a fantastic opportunity.

Agent Details

Icon Residential, London - Sales

020 3840 3336

Next Steps?

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