4 Bed Semi-Detached House, Refurb/BRRR, Chelmsford, CM2 7DE, £400,000

Riffhams Drive, Great Baddow, Chelmsford, CM2 7DE - 2 views - 2 months ago

Refurb/BRRR
~129 m²
+12 photos

ValuationFair Value

Sold Prices£350K - £910K
Sold Prices/m²£2.8K/m² - £12.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.1K/m²

Value Estimate

£408,000

 

 

End Value (After Refurb)

£551,541

Uplift in Value

+38%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£63,200

Bridging Loan Interest

£10,500

Total Cash In

£206,650

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£551,541

Agent Fees (1%)

£5,515

Bridging Loan

£300,000

Bridging Loan Interest

£10,500

Flip Profit

£39,375

Local Sold Prices

50 sold prices from £350K to £910K, average is £518.8K. £2.8K/m² to £12.8K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£525K12/220.02 mi32, Riffhams Drive, Great Baddow, Chelmsford, Essex CM2 7DD4
£450K04/230.06 mi105, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EZ4
£485K03/210.11 mi47, Tyrells Way, Great Baddow, Chelmsford, Essex CM2 7DP4
£557.5K01/230.13 mi107, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EZ4
£650K02/210.15 mi26, Tabors Avenue, Chelmsford, Essex CM2 7ES4
£630K02/210.24 mi3, Britten Crescent, Chelmsford, Essex CM2 7EP4
£505K09/210.26 mi2, New Road, Great Baddow, Chelmsford, Essex CM2 7QT4
£580K03/210.26 mi2, Buckleys, Chelmsford, Essex CM2 7DY4
£455K12/200.26 mi8, Buckleys, Chelmsford, Essex CM2 7DY4
£650K12/200.27 mi423, Baddow Road, Chelmsford, Essex CM2 7QL4
£910K12/220.3 mi3, Lodge Avenue, Chelmsford, Essex CM2 7EA4
£545K06/210.34 mi21, Oldbury Avenue, Chelmsford, Essex CM2 7ED4
£435K04/210.34 mi40, Baden Powell Close, Great Baddow, Chelmsford, Essex CM2 7GA4
£480K08/210.35 mi1, Baddow Hall Crescent, Chelmsford, Essex CM2 7BY4
£790K09/210.39 mi20, Church Street, Great Baddow, Chelmsford, Essex CM2 7HZ4
£585K08/210.39 mi45, Longfield Road, Chelmsford, Essex CM2 7QH4
£540K03/210.39 mi6, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE4
£490K12/200.39 mi152, Maldon Road, Great Baddow, Chelmsford, Essex CM2 7DQ4
£732K02/210.42 mi27, Galleywood Road, Great Baddow, Chelmsford, Essex CM2 8DH4
£637K08/210.43 mi412, Baddow Road, Chelmsford, Essex CM2 9RB4
£530K03/210.45 mi32, Chelmer Lea, Chelmsford, Essex CM2 7QG4
£460K09/210.45 mi37, Isaac Square, Great Baddow, Chelmsford, Essex CM2 7PP4
£465K09/210.47 mi12, St Marys Close, Great Baddow, Chelmsford, Essex CM2 8EQ4
£397.5K03/210.5 mi9, Gilmore Way, Chelmsford, Essex CM2 7AN4
£875K06/210.51 mi68, Vicarage Lane, Great Baddow, Chelmsford, Essex CM2 8HY4
£625K11/200.54 mi34, Chelmerton Avenue, Chelmsford, Essex CM2 9RF4
£505K02/210.54 mi44, Chelmerton Avenue, Chelmsford, Essex CM2 9RF4
£437K01/210.55 mi17, Pertwee Drive, Chelmsford, Essex CM2 8DY4
£395K09/210.57 mi18, Pertwee Drive, Chelmsford, Essex CM2 8DZ4
£425K12/200.58 mi28, Pertwee Drive, Chelmsford, Essex CM2 8EA4
£500K06/210.58 mi13, Canford Close, Chelmsford, Essex CM2 9RG4
£455K12/220.62 mi27, Craiston Way, Chelmsford, Essex CM2 8ED4
£535K03/210.63 mi29, Winchelsea Drive, Chelmsford, Essex CM2 9TL4
£432K03/210.65 mi24, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UQ4
£475K02/210.65 mi3, Dorset Avenue, Chelmsford, Essex CM2 9TZ4
£410K02/210.68 mi24, Pearl Square, Chelmsford, Essex CM2 9FP4
£655K03/210.69 mi9, Bramley Place, Chelmsford, Essex CM2 9TF4
£374K03/230.74 mi51, Readers Court, Chelmsford, Essex CM2 8EX4
£350K03/210.78 mi36, Meadgate Avenue, Chelmsford, Essex CM2 7LQ4
£772.5K09/210.8 mi68, Beehive Lane, Chelmsford, Essex CM2 9RX4
£445K12/220.8 mi20, Rosseter Close, Chelmsford, Essex CM2 9GL4
£630K11/200.8 mi11, Avenue Road, Chelmsford, Essex CM2 9TY4
£500K03/230.8 mi37, Lambourne Chase, Chelmsford, Essex CM2 9FF4
£500K06/210.81 mi6, Bawden Way, Chelmsford, Essex CM2 9GY4
£652K06/230.81 mi13, Walford Place, Chelmsford, Essex CM2 6PG4
£512.5K12/200.81 mi22, Walford Place, Chelmsford, Essex CM2 6PG4
£600K11/200.82 mi28, Avenue Road, Chelmsford, Essex CM2 9TY4
£690K05/230.85 mi4, Howard Drive, Chelmsford, Essex CM2 6PE4
£680K01/230.85 mi22, Howard Drive, Chelmsford, Essex CM2 6PE4
£543K01/230.88 mi24, Fawkner Close, Chelmsford, Essex CM2 6UP4

Local Rents

11 rents from £1.5K/mo to £2.9K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,65004/240.02 miRiffhams Drive, Great Baddow, Chelmsford, CM24
£2,90004/240.07 miLongmead Avenue, Chelmsford, CM2 7EY4
£2,65004/240.32 miBaddow Road, Chelmsford, Essex, CM24
£1,50004/240.43 miStuart Close, CM23
£1,89505/240.44 miGreenland Gardens, Great Baddow, CM23
£1,70003/240.44 miGilmore Place, Great Baddow3
£2,00003/240.46 miGreenland Gardens, Galleywood Road, CM24
£2,30002/240.54 mi-3
£2,09503/240.54 miPertwee Drive, CM24
£1,55004/240.58 miDorset Avenue, CHELMSFORD3
£1,55012/240.61 miMeadgate Avenue, Chelmsford3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

2.05 miles away

Nearest school

0.20 miles away

Nearest train station

1.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £400,000

April 1, 2025

Listed for £425,000

February 14, 2025

Floor Plans

Description

  • Four bedrooms +
  • Driveway for multiple cars +
  • Garage +
  • NO ONWARD CHAIN +
  • Needs modernisation +
  • Downstairs W/C +

SUMMARY
GUIDE PRICE £400,000-425,000 Situated in the highly desired Great Baddow area is this four bedroom semi-detached property. In need of full modernisation but offering huge potential. Being offered with NO ONWARD CHAIN and benefiting from downstairs w/c driveway & garage.

DESCRIPTION
The property is conveniently located with easy access to local amenities and travel links. Great Baddow is a very popular area with home buyers and offers a selection of primary and secondary schools.

There are a selection of local shops, restaurants and takeaways within close proximity of the property as well as regular bus services to the city centre and nearby towns with bus stops located in the nearby Baddow Road. The property is conveniently positioned offering excellent access to the A12 for those travelling north or south of Chelmsford.

Chelmsford is a rapidly growing city with comprehensive shopping facilities on offer which include the highly acclaimed Bond Street shopping complex as well as two shopping precincts, the city centre offers a wide array of independent and chain restaurants with cuisines from around the world on offer, there is a thriving nightlife with a collection of wine bars and leisure facilities including Riverside Ice Rink. Chelmsford station provides regular and fast services to London Liverpool Street, with journey times as quick as 34 minutes.

Ground Floor 

Entrance Hall 

Cloakroom 

Lounge 21' 4" x 10' 11" ( 6.50m x 3.33m )

Dining Room 10' 4" x 6' 10" ( 3.15m x 2.08m )

Kitchen 9' x 6' 11" ( 2.74m x 2.11m )

First Floor 

Landing 

Bedroom One 14' 3" x 8' 7" ( 4.34m x 2.62m )

Bedroom Two 14' 3" x 9' 4" ( 4.34m x 2.84m )

Bedroom Three 8' 7" x 8' 3" ( 2.62m x 2.51m )

Bedroom Four 11' 8" x 6' 3" ( 3.56m x 1.91m )

Bathroom 

Exterior 

Rear Garden 

Parking 

Agents Note: 
"It is our understanding that the Property is not registered at the Land Registry which is the case with a significant proportion of land across England and Wales. Your Conveyancer will take the necessary steps and advise you accordingly."

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Chelmsford South

01245 945288

Next Steps?

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