2 Bed Bungalow, Refurb/BRRR, Dunmow, CM6 2LL, £375,000

St. Clements, Thaxted, Dunmow, Essex, CM6 2LL - 1 views - a month ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£268.5K - £425K
Sold Prices/m²£3.4K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£351,737

 

 

End Value (After Refurb)

£340,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£32,810

Bridging Loan Interest

£9,844

Total Cash In

£156,854

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£340,000

Mortgage (After Refinance)

£255,000

Mortgage LTV

75%

Cash Left In

£156,854

Equity

£85,000

Rent Range

£950 - £2,100

Rent Estimate

£1,450

Running Costs/mo

£1,373

Cashflow/mo

£78

Cashflow/yr

£930

ROI

1%

Gross Yield

5%

Local Sold Prices

15 sold prices from £268.5K to £425K, average is £295K. £3.4K/m² to £5.7K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£315K02/230.06 mi12, Mill End, Thaxted, Dunmow, Essex CM6 2LT2
£286.5K06/210.06 mi37, Mill End, Thaxted, Dunmow, Essex CM6 2LT2
£312.5K05/230.06 mi22, Mill End, Thaxted, Dunmow, Essex CM6 2LT2
£300K08/210.06 mi22, Mill End, Thaxted, Dunmow, Essex CM6 2LT2
£340K03/210.11 miLittle Haven, Weaverhead Lane, Thaxted, Dunmow, Essex CM6 2PN2
£280K04/210.15 mi4, Wedow Road, Thaxted, Dunmow, Essex CM6 2JZ2
£275K05/230.18 mi1, Fishmarket Street, Thaxted, Dunmow, Essex CM6 2PG2
£330K02/230.2 miPeggys Cottage, Park Street, Thaxted, Dunmow, Essex CM6 2NE2
£282.5K12/200.27 mi24, Newbiggen Street, Thaxted, Dunmow, Essex CM6 2QR2
£346K06/210.29 mi39, Newbiggen Street, Thaxted, Dunmow, Essex CM6 2QS2
£425K09/210.35 miOak Cottage, Watling Lane, Thaxted, Dunmow, Essex CM6 2QY2
£268.5K02/211.91 miCedarwood Cottage, Stanbrook, Thaxted, Dunmow, Essex CM6 2NN2
£290K02/212.46 mi4, Whitegates, Lindsell, Dunmow, Essex CM6 3QL2
£295K03/212.46 mi3, Whitegates, Lindsell, Dunmow, Essex CM6 3QL2
£275K02/232.56 mi2, Duton Hill Cottages, Duton Hill, Dunmow, Essex CM6 2DY2

Local Rents

8 rents from £950/mo to £2.1K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95012/240.2 miBarnards Field, CM61
£1,40012/240.23 miPutterill Close, Weaverhead Lane, Thaxted, Essex, CM62
£2,10012/240.29 mi-3
£1,95012/240.29 miLincoln Gardens, Thaxted, Dunmow, CM63
£1,25001/251.25 mi-2
£1,30002/252.21 mi-2
£1,20012/242.43 mi-2
£1,20012/242.43 mi-2

Local Area Statistics

Population in CM6

24,916

Population in Dunmow

24,925

Town centre distance

6.01 miles away

Nearest school

0.10 miles away

Nearest train station

5.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+47%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £375,000

February 24, 2025

Floor Plans

Description

  • 2 Bedroom Link Detached Bungalow +
  • Requires Updating +
  • Garden +
  • Garage & Parking +
  • Council Tax Band D & EPC Band D +

A charming 2- bedroom link-detached bungalow situated in the picturesque and historic town of Thaxted, this property presents wonderful opportunity for those looking to create their ideal home. The property is in need of updating, offering plenty of scope and personalise to your own taste.

The accommodation includes a spacious living room, a kitchen, two generous bedrooms and a bathroom. Outside, the property benefits from a garage and off road parking, providing both practically and additional storage space. To the rear, there is a private garden, providing low-maintenance outdoor space.

Located within easy reach of Thaxted's charming town centre, with its local shops, pubs and amenities, as well as excellent transport links to nearby towns, this bungalow is ideal for those seeking a project in a sought-after location.
Council Tax Band D. EPC Band D.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum of six months, with the exception of short term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 plus VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Intercounty.'

IGD240367/5

Agent Details

Intercounty, Great Dunmow

01371 701972

Next Steps?

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