3 Bed Detached House, Refurb/BRRR, Chelmsford, CM2 9RD, £750,000

Baddow Road, Chelmsford, Essex, CM2 9RD - 3 views - 3 months ago

Under Offer
Refurb/BRRR
~93 m²
+3 photos

ValuationOvervalued

Sold Prices£230K - £750K
Sold Prices/m²£2.6K/m² - £7.2K/m²

 

 

Square Metres

~93 m²
Price/m²£8.1K/m²

Value Estimate

£385,878

 

 

End Value (After Refurb)

£580,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£48,700

Refurb Costs

£45,472

Bridging Loan Interest

£19,688

Total Cash In

£303,110

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£580,000

Mortgage (After Refinance)

£435,000

Mortgage LTV

75%

Cash Left In

£303,110

Equity

£145,000

Rent Range

£1,295 - £2,300

Rent Estimate

£1,778

Running Costs/mo

£2,188

Cashflow/mo

£-410

Cashflow/yr

£-4,921

Gross Yield

3%

Local Sold Prices

51 sold prices from £230K to £750K, average is £390K. £2.6K/m² to £7.2K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£450K06/210.17 mi8, Oldbury Avenue, Chelmsford, Essex CM2 7EB3
£360K12/200.18 mi21, The Dell, Great Baddow, Chelmsford, Essex CM2 7JY3
£430K02/230.18 mi19, The Dell, Great Baddow, Chelmsford, Essex CM2 7JY3
£475K09/210.21 mi9, Longfield Road, Chelmsford, Essex CM2 7QH3
£750K11/210.25 mi26, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£550K08/210.25 mi45, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£495K12/220.25 mi18, Chelmerton Avenue, Chelmsford, Essex CM2 9RE3
£715K04/210.26 mi11, Bell Street, Great Baddow, Chelmsford, Essex CM2 7JR3
£475K05/210.26 miDuckingstool Cottage, Bell Street, Great Baddow, Chelmsford, Essex CM2 7JR3
£465K04/210.28 mi4, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE3
£465K04/210.28 mi4, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE3
£335K12/200.29 mi280, Meadgate Avenue, Chelmsford, Essex CM2 7LN3
£230K02/210.3 mi39, Dorset Avenue, Chelmsford, Essex CM2 9UA3
£502.5K01/210.33 mi72, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£400K02/230.33 mi15, Canford Close, Chelmsford, Essex CM2 9RG3
£320K04/210.34 mi12, Longmore Avenue, Chelmsford, Essex CM2 7NT3
£325K12/200.35 mi1, Spring Pond Close, Chelmsford, Essex CM2 7LX3
£492K02/210.35 mi84, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£550K02/230.35 mi82, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£305K09/210.35 mi208, Meadgate Avenue, Chelmsford, Essex CM2 7LL3
£480K01/210.36 mi8, Dorset Avenue, Chelmsford, Essex CM2 9TZ3
£425K06/210.38 mi3, Greenland Gardens, Great Baddow, Chelmsford, Essex CM2 8ZF3
£420K02/230.4 mi2, Elm Close, Great Baddow, Chelmsford, Essex CM2 8DX3
£450K03/230.42 mi36, Beehive Lane, Chelmsford, Essex CM2 9TJ3
£525K12/200.43 mi12, Beehive Lane, Chelmsford, Essex CM2 9SX3
£390K04/210.45 mi2, Baddow Place Avenue, Chelmsford, Essex CM2 7JN3
£325K05/210.45 mi70, Noakes Avenue, Chelmsford, Essex CM2 8EW3
£442.5K03/210.47 mi48, Beehive Lane, Chelmsford, Essex CM2 9RP3
£377K01/210.47 mi13, Baddow Hall Avenue, Chelmsford, Essex CM2 7BN3
£525K11/200.48 mi70, Vicarage Lane, Great Baddow, Chelmsford, Essex CM2 8HY3
£390K04/230.48 mi33, Harberd Tye, Chelmsford, Essex CM2 9GH3
£290K06/210.48 mi93, Noakes Avenue, Chelmsford, Essex CM2 8EW3
£302.5K01/210.48 mi319, Meadgate Avenue, Chelmsford, Essex CM2 7NL3
£290K10/210.48 mi343, Meadgate Avenue, Chelmsford, Essex CM2 7NL3
£312.5K02/210.49 mi24, Loftin Way, Chelmsford, Essex CM2 9TN3
£292.5K03/230.49 mi214, Dorset Avenue, Chelmsford, Essex CM2 8YZ3
£290K11/200.52 mi16, Pawle Close, Great Baddow, Chelmsford, Essex CM2 7AY3
£405K05/230.52 mi8, Colley Road, Chelmsford, Essex CM2 7JQ3
£405K08/230.53 mi16, Pawle Close, Great Baddow, Chelmsford, Essex CM2 7AY3
£415K06/210.53 mi7, Baddow Hall Crescent, Chelmsford, Essex CM2 7BY3
£310K09/210.55 mi35, Harrow Way, Chelmsford, Essex CM2 7AT3
£322.5K05/230.55 mi152, Noakes Avenue, Chelmsford, Essex CM2 8EP3
£330K03/210.55 mi19, Johnson Road, Chelmsford, Essex CM2 7JL3
£412K12/200.55 mi30, Johnson Road, Chelmsford, Essex CM2 7JL3
£300K01/210.55 mi38, Loftin Way, Chelmsford, Essex CM2 9TW3
£305K05/210.56 mi48, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£387.5K03/210.56 mi9, Ashmeads, Chelmsford, Essex CM2 9FJ3
£390K02/230.56 mi48, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£300K03/230.56 mi50, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£325K02/210.56 mi295, Dorset Avenue, Chelmsford, Essex CM2 8HB3
£360K07/230.57 mi277, Dorset Avenue, Chelmsford, Essex CM2 8HB3

Local Rents

13 rents from £1.3K/mo to £2.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£2,30002/240.26 mi-3
£1,55004/240.3 miDorset Avenue, CHELMSFORD3
£1,89505/240.35 miGreenland Gardens, Great Baddow, CM23
£1,65004/240.38 mi-3
£1,29504/250.4 mi-3
£1,80011/240.42 mi-3
£1,55012/240.44 miMeadgate Avenue, Chelmsford3
£1,55003/240.46 miGerard Gardens, Great Baddow3
£1,79505/240.48 miNoakes Avenue, CHELMSFORD3
£2,10001/250.51 mi-3
£1,69510/230.55 miNoakes Avenue, Chelmsford, Essex, CM23
£1,89504/240.58 miGoodwin Close, CHELMSFORD3
£1,55001/250.59 mi-3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.87 miles away

Nearest school

0.20 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £750,000

February 10, 2025

Floor Plans

Description

  • Being sold by informal tender, offers before 12 noon Friday 28th February 2025 (details upon request). +
  • House: approx. 1,610 sq ft +
  • Outbuildings: approx. 800 sq ft +
  • About 0.71 of an acre +
  • Excellent potential +
  • No onward chain +
  • EPC Rating = F +

A rare opportunity to acquire a 1930s house on a substantial plot, in need of renovation.

Description

460 Baddow Road is a detached three bedroom house of traditional brick construction, set back within its generous 0.71-acre plot. The property requires renovation and offers excellent potential for improvement and development.

The accommodation is arranged over two levels, featuring three first-floor bedrooms, a bathroom and a cloakroom. On the ground floor, there are two reception rooms, a study, a kitchen and an additional cloakroom.

Outside
The property also benefits from an adjoining garage, workshop, and shed.

The property is set back within its established grounds, which feature a pine tree to the north eastern boundary protected by a preservation order.

Services
Mains water, electricity and drainage. Oil-fired heating.

Viewing
Strictly by appointment only. Viewings available to proceedable buyers only. Appointment times during February:

Tuesday 11th (10am – 12:30pm)
Wednesday 12th (10am – 12:30pm)
Thursday 13th (4pm – 5pm)
Monday 17th (2pm – 4:30pm)

Location

Chelmsford city railway station: 1.75 miles; The Vineyards shopping centre at Great Baddow: 0.6 miles; A12 (junction 18): 1.8 miles; Great Baddow Sports Academy: 0.7 miles. All distances approximate.

The property is located within this established road between Chelmsford city and Great Baddow village with bus services immediately to hand. Chelmsford's pedestrianised shopping area and railway station is approximately 1.75 miles from the property.

The A114 is located half a mile in distance which links with the A12 at junction 18.

There are local schools at Meadgate and Great Baddow, which also houses the Great Baddow Sports Academy. Within Chelmsford, KEGS and the County High School for Girls lie within two miles.

Square Footage: 1,610 sq ft

Acreage: 0.7 Acres

Directions

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Agent Details

Savills, Chelmsford

01245 945669

Next Steps?

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