2 Bed Semi-Detached House, Refurb/BRRR, Chelmsford, CM2 7SH, £340,000

The Green, Sandon, CM2 7SH - 2 views - 2 months ago

Sold STC
Refurb/BRRR
Planning
~68 m²
+6 photos

ValuationFair Value

Sold Prices£250K - £650K
Sold Prices/m²£3.1K/m² - £8.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5K/m²

Value Estimate

£344,669

 

 

End Value (After Refurb)

£353,500

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£15,900

Refurb Costs

£33,303

Bridging Loan Interest

£8,925

Total Cash In

£144,878

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£353,500

Mortgage (After Refinance)

£265,125

Mortgage LTV

75%

Cash Released

£10,125

Cash Left In

£134,753

Equity

£88,375

Rent Range

£995 - £1,600

Rent Estimate

£1,363

Running Costs/mo

£1,397

Cashflow/mo

£-34

Cashflow/yr

£-411

Gross Yield

5%

Local Sold Prices

50 sold prices from £250K to £650K, average is £317.5K. £3.1K/m² to £8.1K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£310K02/210.11 mi13a, Brook View, Sandon, Chelmsford, Essex CM2 7RG2
£415K03/230.38 mi74, Molrams Lane, Great Baddow, Chelmsford, Essex CM2 7AJ2
£427.5K12/220.51 mi43, Baddow Hall Crescent, Chelmsford, Essex CM2 7BX2
£352K03/230.51 mi45, Baddow Hall Crescent, Chelmsford, Essex CM2 7BX2
£360K05/210.55 mi136, Maldon Road, Great Baddow, Chelmsford, Essex CM2 7DQ2
£500K06/210.68 mi2, Hulls Lane, Sandon, Chelmsford, Essex CM2 7SA2
£650K05/210.72 mi58, Church Street, Great Baddow, Chelmsford, Essex CM2 7JE2
£257.5K12/200.86 mi17, Church Street, Great Baddow, Chelmsford, Essex CM2 7HX2
£530K02/211 mi88, Vicarage Lane, Great Baddow, Chelmsford, Essex CM2 8JB2
£360K11/201.04 mi13, Heycroft Way, Chelmsford, Essex CM2 8JG2
£335K11/211.05 mi30, Foxholes Road, Chelmsford, Essex CM2 7HP2
£295K01/211.24 mi35, Alexander Mews, Sandon, Chelmsford, Essex CM2 7TT2
£262.5K06/211.24 mi30, Alexander Mews, Sandon, Chelmsford, Essex CM2 7TT2
£305K12/201.31 mi9, Paschal Way, Chelmsford, Essex CM2 7NU2
£325K02/211.37 mi66, Bramwoods Road, Chelmsford, Essex CM2 7LT2
£299.5K08/211.41 mi28, Readers Court, Chelmsford, Essex CM2 8EX2
£320K09/211.51 mi5, Menish Way, Chelmsford, Essex CM2 6RT2
£330K05/231.55 mi28, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UQ2
£325K08/231.56 mi7, Beehive Lane, Chelmsford, Essex CM2 9SU2
£275K05/211.58 mi12, Ashton Place, Chelmsford, Essex CM2 6ST2
£350K12/221.58 mi18, Ashton Place, Chelmsford, Essex CM2 6ST2
£292.5K03/211.58 mi10, Beehive Lane, Chelmsford, Essex CM2 9SX2
£310K12/201.59 mi4, Ashmeads, Chelmsford, Essex CM2 9FJ2
£321K12/201.62 mi247, Baddow Road, Chelmsford, Essex CM2 7QA2
£325K04/211.62 mi245, Baddow Road, Chelmsford, Essex CM2 7QA2
£305K03/211.62 mi243, Baddow Road, Chelmsford, Essex CM2 7QA2
£425K09/211.64 mi11, Duffield Road, Chelmsford, Essex CM2 9RY2
£292.5K01/211.64 mi15, Duffield Road, Chelmsford, Essex CM2 9RY2
£365K07/231.64 mi10, Duffield Road, Chelmsford, Essex CM2 9RY2
£331K11/201.65 mi46, Brook End Road South, Chelmsford, Essex CM2 6NZ2
£327K04/211.66 mi10, Webb Close, Springfield, Chelmsford, Essex CM2 6GQ2
£285K03/211.67 mi5, Belgrave Close, Chelmsford, Essex CM2 9TS2
£315K09/211.68 mi121, Pollards Green, Chelmsford, Essex CM2 6UX2
£278K06/211.71 mi108, Henniker Gate, Chelmsford, Essex CM2 6SB2
£362.5K08/231.71 mi268, Baddow Road, Chelmsford, Essex CM2 9QX2
£280.3K08/211.72 mi15, Petrebrook, Chelmsford, Essex CM2 6QJ2
£297.5K03/211.73 mi10, Blacklock, Chelmsford, Essex CM2 6QL2
£375K07/231.74 mi14, Portway, Chelmsford, Essex CM2 6YP2
£260K06/211.74 mi233, Baddow Road, Chelmsford, Essex CM2 7PZ2
£315K12/201.76 mi23, Kingsford Drive, Chelmsford, Essex CM2 6YR2
£250K03/211.76 mi61, Sawkins Avenue, Chelmsford, Essex CM2 9SE2
£280K11/201.76 mi10, Jenner Mead, Chelmsford, Essex CM2 6SJ2
£330K05/211.76 mi7, Ramshaw Drive, Chelmsford, Essex CM2 6US2
£275K02/211.77 mi67, Henniker Gate, Chelmsford, Essex CM2 6SD2
£301K01/211.78 mi35, Chelmer Road, Chelmsford, Essex CM2 6NH2
£322K09/211.79 mi4, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£300K12/201.82 mi37, Ash Grove, Chelmsford, Essex CM2 9JT2
£325K04/231.82 mi55, Ash Grove, Chelmsford, Essex CM2 9JT2
£270K03/211.82 mi18, Aldridge Close, Chelmsford, Essex CM2 6QG2
£260K04/211.82 mi43, Aldridge Close, Chelmsford, Essex CM2 6QG2

Local Rents

11 rents from £995/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40004/240.46 miBaddow Hall Crescent, Chelmsford, Essex, CM22
£1,55004/240.64 miSandon Brook Place, CM22
£1,60005/240.65 miSandon Brook Place, Sandon, Chelmsford, CM22
£1,25003/240.84 miSeabrook Road, Great Baddow2
£1,10005/240.89 miHereford Court, Great Baddow, CM22
£99503/240.94 miBanstreet Cottages, Bell Street, Chelmsford2
£1,55004/240.98 miArmstrong Gibbs Court, The Causeway, Chelmsford, Essex, CM22
£1,38501/241.04 mi-2
£1,40003/241.04 miHeycroft Way, Great Baddow, Chelmsford, CM22
£1,40004/241.04 miHeycroft Way, Great Baddow, Chelmsford, CM22
£1,25004/251.24 mi-2

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

2.95 miles away

Nearest school

0.30 miles away

Nearest train station

2.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £340,000

February 17, 2025

Floor Plans

Description

  • Character Semi-Detached House +
  • Requiring Modernisation +
  • Scope & Space to Extend +
  • Set Back From The Road +
  • Two Bedrooms +
  • Two Reception Rooms +
  • Garage & Drivway +
  • Overlooking Village Green +
  • Gas and Electric Heating +
  • No Onward Chain +

Located in a most favoured position overlooking the small village green in the centre of Sandon is this late 1800's character semi-detached home dating from the 1800's. The property is set back from the road and affords a private driveway along with a garage. Requiring a degree of modernisation, the house also offers plenty of scope for extension and re-modelling if desired. Sandon is a picturesque village located on the edge of Chelmsford. No Onward Chain. Energy rating E.

Sandon is a picturesque village approximately 4 miles east of Chelmsford City centre. Sandon is a largely agricultural area with a vast network of footpaths and bridleways over some delightful Essex countryside and is best represented by a Village Green with the Crown Inn at one end and the ancient Church of St Andrew's to the side. There is a park and ride scheme approximately 1 mile away offering a direct service into Chelmsford City centre with its mainline railway station serving London Liverpool Street. Sandon has a secondary school with pre-schools available in the neighbouring villages. Further educational facilities and amenities can be found in Chelmsford including private and public schooling and a wide collection of High Street shops, boutiques, restaurants and bars.

Potential To Extend - There is plenty of scope to extend the property both to the side and rear. Neighbouring properties have done similar. Enquiries should be made of Chelmsford City Council planning department.

First Floor -

Bedroom - 3.45m x 3.35m (11'4 x 11') -

Bedroom - 2.67m x 2.59m (8'9 x 8'6) -

Landing -

Ground Floor -

Entrance Hall -

Bathroom/Wc - 2.21m x 2.18m (7'3 x 7'2) -

Lounge - 3.81m x 3.40m (12'6 x 11'2) -

Dining Room - 3.81m x 2.67m (12'6 x 8'9) -

Kitchen - 4.06m x 2.59m max (13'4 x 8'6 max) -

Exterior -

Front - Set back from the road, driveway for 2/3 cars,

Garage - 7.44m x 2.84m (24'5 x 9'4) - Attached garden wc.

Rear Garden -

Agents Notes - These particulars do not constitute any part of an offer or contract. All measurements are approximate. No responsibility is accepted as to the accuracy of these particulars or statements made by our staff concerning the above property. We have not tested any apparatus or equipment therefore cannot verify that they are in good working order. Any intending purchaser must satisfy themselves as to the correctness of such statements within these particulars. All negotiations to be conducted through Church and Hawes. No enquiries have been made with the local authorities pertaining to planning permission or building regulations. Any buyer should seek verification from their legal representative or surveyor.

Agent Details

Church & Hawes, Danbury

01245 945834

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.