3 Bed Terraced House, Refurb/BRRR, Chelmsford, CM2 7LX, £300,000

Spring Pond Close, Chelmsford, Essex, CM2 7LX - 2 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~100 m²
+9 photos

ValuationFair Value

Sold Prices£230K - £750K
Sold Prices/m²£2.6K/m² - £6.9K/m²

 

 

Square Metres

~99.70 m²
Price/m²£3K/m²

Value Estimate

£306,000

 

 

End Value (After Refurb)

£384,464

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£48,748

Bridging Loan Interest

£7,875

Total Cash In

£154,573

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£384,464

Mortgage (After Refinance)

£288,348

Mortgage LTV

75%

Cash Released

£63,348

Cash Left In

£91,225

Equity

£96,116

Rent Range

£1,500 - £2,300

Rent Estimate

£1,809

Running Costs/mo

£1,583

Cashflow/mo

£226

Cashflow/yr

£2,709

ROI

2%

Gross Yield

7%

Local Sold Prices

51 sold prices from £230K to £750K, average is £390K. £2.6K/m² to £6.9K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£325K12/200.02 mi1, Spring Pond Close, Chelmsford, Essex CM2 7LX3
£305K09/210.05 mi208, Meadgate Avenue, Chelmsford, Essex CM2 7LL3
£302.5K01/210.11 mi319, Meadgate Avenue, Chelmsford, Essex CM2 7NL3
£290K10/210.11 mi343, Meadgate Avenue, Chelmsford, Essex CM2 7NL3
£335K12/200.13 mi280, Meadgate Avenue, Chelmsford, Essex CM2 7LN3
£320K04/210.15 mi12, Longmore Avenue, Chelmsford, Essex CM2 7NT3
£475K09/210.18 mi9, Longfield Road, Chelmsford, Essex CM2 7QH3
£465K04/210.19 mi4, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE3
£465K04/210.19 mi4, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE3
£525K12/200.2 mi12, Beehive Lane, Chelmsford, Essex CM2 9SX3
£390K02/230.22 mi48, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£300K03/230.22 mi50, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£305K05/210.22 mi48, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£450K06/210.23 mi8, Oldbury Avenue, Chelmsford, Essex CM2 7EB3
£495K12/220.25 mi18, Chelmerton Avenue, Chelmsford, Essex CM2 9RE3
£400K02/230.26 mi15, Canford Close, Chelmsford, Essex CM2 9RG3
£387.5K09/210.26 mi318, Baddow Road, Chelmsford, Essex CM2 9QX3
£350K03/210.26 mi276, Baddow Road, Chelmsford, Essex CM2 9QX3
£390K04/230.3 mi33, Harberd Tye, Chelmsford, Essex CM2 9GH3
£350K01/210.31 mi175, Baddow Road, Chelmsford, Essex CM2 7PZ3
£750K11/210.32 mi26, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£550K08/210.32 mi45, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£624K04/230.35 mi210, Baddow Road, Chelmsford, Essex CM2 9QR3
£310K09/210.35 mi35, Meadgate Avenue, Chelmsford, Essex CM2 7NF3
£450K03/230.36 mi36, Beehive Lane, Chelmsford, Essex CM2 9TJ3
£367K06/210.38 mi23, Meadgate Avenue, Chelmsford, Essex CM2 7ND3
£312.5K02/210.39 mi24, Loftin Way, Chelmsford, Essex CM2 9TN3
£480K01/210.4 mi8, Dorset Avenue, Chelmsford, Essex CM2 9TZ3
£300K01/210.43 mi38, Loftin Way, Chelmsford, Essex CM2 9TW3
£230K02/210.43 mi39, Dorset Avenue, Chelmsford, Essex CM2 9UA3
£345K03/210.43 mi139, Baddow Road, Chelmsford, Essex CM2 7PY3
£397.5K05/230.43 mi33, Loftin Way, Chelmsford, Essex CM2 9TP3
£500K12/210.43 mi35, Wallace Crescent, Chelmsford, Essex CM2 9QL3
£390K04/210.44 mi2, Chilton Close, Chelmsford, Essex CM2 9TU3
£390K12/200.44 mi6, Wallace Crescent, Chelmsford, Essex CM2 9QL3
£442.5K03/210.44 mi48, Beehive Lane, Chelmsford, Essex CM2 9RP3
£500K01/230.46 mi5, Langdale Gardens, Chelmsford, Essex CM2 9QH3
£492K02/210.52 mi84, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£550K02/230.52 mi82, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£415K12/210.52 mi24, Van Diemans Road, Chelmsford, Essex CM2 9QQ3
£360K12/200.54 mi21, The Dell, Great Baddow, Chelmsford, Essex CM2 7JY3
£430K02/230.54 mi19, The Dell, Great Baddow, Chelmsford, Essex CM2 7JY3
£502.5K01/210.55 mi72, Dorset Avenue, Chelmsford, Essex CM2 9UB3
£410K12/200.56 mi1, Amcotes Place, Chelmsford, Essex CM2 9HZ3
£470K04/230.56 mi51, Chelmer Road, Chelmsford, Essex CM2 6NH3
£387.5K12/220.56 mi181, Gloucester Avenue, Chelmsford, Essex CM2 9DX3
£375K07/230.56 mi27, Sawkins Gardens, Chelmsford, Essex CM2 9SD3
£360K09/210.57 mi243, Gloucester Avenue, Chelmsford, Essex CM2 9DX3
£365K12/220.57 mi189, Gloucester Avenue, Chelmsford, Essex CM2 9DX3
£380K05/230.57 mi183, Gloucester Avenue, Chelmsford, Essex CM2 9DX3
£357.5K12/200.57 mi39, Ash Grove, Chelmsford, Essex CM2 9JT3

Local Rents

18 rents from £1.5K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,55012/240.08 miMeadgate Avenue, Chelmsford3
£1,55003/240.24 miGerard Gardens, Great Baddow3
£2,30002/240.26 mi-3
£1,89504/240.31 miGoodwin Close, CHELMSFORD3
£1,55001/250.32 mi-3
£1,65004/240.37 mi-3
£2,10001/250.42 mi-3
£1,55004/240.42 miDorset Avenue, CHELMSFORD3
£1,70004/250.45 mi-3
£1,89703/240.51 miWharf Road, Chelmsford, Essex, CM23
£1,88204/240.51 miWharf Road, Chelmsford, Essex, CM23
£2,12003/240.51 miWharf Road, One Canalside, Chelmsford, CM23
£2,22004/240.51 miWharf Road, Chelmsford, Essex, CM23
£1,80011/240.51 mi-3
£1,85004/250.51 mi-3
£1,50004/240.58 miShelley Road, Chelmsford, Essex, CM23
£1,80002/250.59 mi-3
£1,65004/250.59 mi-3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.51 miles away

Nearest school

0.10 miles away

Nearest train station

1.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £300,000

February 26, 2025

Floor Plans

Description

  • No Onward Chain +
  • Three bedrooms +
  • Lounge / diner +
  • Kitchen +
  • Garage +

Offered with no onward chain is this three-bedroom mid-terrace home situated 1.6 miles walking distance to Chelmsford Station (reference google maps). The property does require modernisation but has potential to be a great first-time purchase or family home. Internally the property consists of an entrance hallway leading to the lounge / diner with sliding patio doors giving access to the rear garden, the separate kitchen is also located off the hallway and leads into a small rear lobby and w/c which also offers access to the rear garden. The first floor offers the three bedrooms and family bathroom. Externally as mentioned the property benefits from an enclosed rear garden with garage located at the bottom of the garden.

Spring Pond Close is situated within the popular area of Great Baddow which offers local schools and local amenities. Chelmsford City centre offers the use of numerous bars, restaurants, shops and local amenities. Chelmsford station is also within close proximity providing National Rail services into Central London, including London Liverpool Street in approximately thirty-five minutes. Driving wise the property also offers excellent road links to A12, M25 and A130.

Agents Note; Lounge / diner is a maximum measurement

Agent Details

Abbotts, Chelmsford

01245 945062

Next Steps?

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