3 Bed Semi-Detached House, Refurb/BRRR, Chelmsford, CM2 6AF, £350,000

9 Timsons Lane, Chelmsford, Essex, CM2 6AF - 2 views - a month ago

Refurb/BRRR
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£225K - £528K
Sold Prices/m²£2.8K/m² - £7.1K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£360,500
BMV3%

 

 

End Value (After Refurb)

£444,981

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£45,472

Bridging Loan Interest

£9,188

Total Cash In

£167,610

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£444,981

Agent Fees (1%)

£4,450

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£10,421

Local Sold Prices

50 sold prices from £225K to £528K, average is £362.5K. £2.8K/m² to £7.1K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£335K04/210.1 mi409a, Springfield Road, Chelmsford, Essex CM2 6AW3
£350K01/210.1 mi45, Peel Road, Chelmsford, Essex CM2 6AJ3
£305K11/210.11 mi27, Oxford Court, Chelmsford, Essex CM2 6AX3
£300K12/200.11 mi12, Oxford Court, Chelmsford, Essex CM2 6AX3
£405K03/210.17 mi1, Robert Close, Chelmsford, Essex CM2 6FJ3
£340K02/210.22 mi1, Mearns Place, Chelmsford, Essex CM2 6TT3
£355K12/200.25 mi26, Plymouth Road, Chelmsford, Essex CM1 6JG3
£355K02/210.29 mi34, Wallasea Gardens, Chelmsford, Essex CM1 6JZ3
£340K04/210.29 mi18, Wallasea Gardens, Chelmsford, Essex CM1 6JZ3
£400K07/230.3 mi73, Wallasea Gardens, Chelmsford, Essex CM1 6JY3
£485K04/230.31 mi39, Tavistock Road, Springfield, Chelmsford, Essex CM1 6JN3
£360K11/210.32 mi10, Kirk Place, Chelmsford, Essex CM2 6TN3
£360K11/200.32 mi29, Golding Thoroughfare, Chelmsford, Essex CM2 6TU3
£366K01/210.35 mi25, Burgess Field, Chelmsford, Essex CM2 6TR3
£432.5K06/210.36 mi38, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW3
£528K06/230.36 mi46, Wilshire Avenue, Springfield, Chelmsford, Essex CM2 6QW3
£365K03/210.36 mi26, Havengore, Chelmsford, Essex CM1 6JR3
£305K11/200.36 mi34, Havengore, Chelmsford, Essex CM1 6JR3
£370K06/230.37 mi35, Havengore, Chelmsford, Essex CM1 6JP3
£315K02/210.38 mi29, Cook Place, Chelmsford, Essex CM2 6TW3
£370K06/210.39 mi14, Rushleydale, Chelmsford, Essex CM1 6JX3
£355K06/230.39 mi34, St Margarets Road, Chelmsford, Essex CM2 6DT3
£375K01/210.4 mi25, Samuel Manor, Springfield, Chelmsford, Essex CM2 6PU3
£375K01/210.4 mi25, Samuel Manor, Springfield, Chelmsford, Essex CM2 6PU3
£388K12/210.4 mi8, Samuel Manor, Springfield, Chelmsford, Essex CM2 6PU3
£375K05/210.41 mi28, Great Cob, Chelmsford, Essex CM1 6LA3
£380K12/220.41 mi48, Great Cob, Chelmsford, Essex CM1 6LA3
£510K03/210.41 mi23, Kingston Crescent, Chelmsford, Essex CM2 6DN3
£450K04/210.41 mi15, Kingston Crescent, Chelmsford, Essex CM2 6DN3
£515K12/220.42 mi94, Golding Thoroughfare, Chelmsford, Essex CM2 6UF3
£500K06/210.42 mi130, Chelmer Road, Chelmsford, Essex CM2 6AB3
£335K11/210.43 mi18, Cawkwell Close, Chelmsford, Essex CM2 6SG3
£360K11/200.43 mi6, Pocklington Close, Chelmsford, Essex CM2 6SQ3
£354K06/210.43 mi8, Pocklington Close, Chelmsford, Essex CM2 6SQ3
£500K06/210.44 mi130, Chelmer Road, Chelmsford, Essex CM2 6AB3
£520K01/230.45 mi23, Telford Place, Chelmsford, Essex CM1 7QZ3
£360K03/230.46 mi1, Iris Close, Chelmsford, Essex CM1 6XS3
£310K02/210.46 mi13, Iris Close, Chelmsford, Essex CM1 6XS3
£385K01/230.46 mi116, Golding Thoroughfare, Chelmsford, Essex CM2 6UF3
£500K06/210.48 mi116a, Sandford Road, Chelmsford, Essex CM2 6DH3
£365.5K06/210.48 mi74, Sandford Road, Chelmsford, Essex CM2 6DH3
£380K12/200.48 mi5, Hartley Close, Chelmsford, Essex CM2 6SF3
£336K03/210.48 mi6, Hillary Close, Chelmsford, Essex CM1 7RP3
£327.5K11/210.48 mi46, Hillary Close, Chelmsford, Essex CM1 7RP3
£225K10/210.48 mi47, Hillary Close, Chelmsford, Essex CM1 7RP3
£320K09/210.48 mi2, Lavender Court, Chelmsford, Essex CM1 6YH3
£336K03/210.49 mi6, Hillary Close, Chelmsford, Essex CM1 7RP3
£337K08/210.49 mi26, Hillary Close, Chelmsford, Essex CM1 7RR3
£400K03/210.49 mi4, Weymouth Road, Chelmsford, Essex CM1 6LW3
£285K06/210.49 mi1, Heather Court, Chelmsford, Essex CM1 6YQ3

Local Rents

22 rents from £1.4K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,45004/240.17 miDukes Lane, CM23
£1,60004/240.21 miTavistock Road, Springfield, Chelmsford, CM1 6JL3
£1,50004/240.22 miExeter Road, CM13
£1,50005/240.31 miGolding Thoroughfare, Chelmsford3
£1,60003/240.35 miGolding Thoroughfare, Chelmsford3
£1,60003/240.35 miGolding Thoroughfare, Chelmsford3
£1,75004/240.36 miBurton Place, Chelmer Village3
£1,95004/240.43 miKingston Crescent, Chelmsford, Essex, CM23
£1,45002/240.46 mi-3
£1,65001/250.46 mi-3
£1,50003/240.49 mi-3
£1,50003/240.49 miHilary Close, Chelmsford, CM13
£1,45004/240.49 miHillary Close, Chelmsford3
£1,55002/250.52 mi-3
£1,35003/240.53 miMarigold Close, Chelmsford, Essex, CM13
£1,70012/240.53 miLupin Drive, Chelmsford3
£1,60005/240.54 mi-3
£1,55004/240.56 miClarence Close, Chelmer Village, Chelmsford, CM23
£1,50003/240.57 miMurrell Lock, Chelmsford, CM23
£1,50004/240.57 miMurrell Lock, Chelmsford, CM23
£1,50003/240.59 miGreenwood Close, Chelmer Village3
£1,65004/240.61 miSpringfield Park Road, CHELMSFORD3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.38 miles away

Nearest school

0.30 miles away

Nearest train station

1.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £350,000

March 14, 2025

Floor Plans

Description

  • No onward chain +
  • Three bedrooms +
  • Semi-detached +
  • Private driveway and off-road parking +
  • Single garage +
  • In need of modernisation +
  • Positioned on outskirts of City centre +

Offered for sale with no onward chain is this three bedroom semi-detached family home in need of modernisation and positioned in the popular Timsons Lane which is a turning off of the sought-after Springfield Road just outside the city centre

The property features a spacious kitchen and living room, off road parking, garage and viewing is advised.

The front door leads to a spacious hallway which has stairs rising to the first floor and through to the kitchen and lounge/diner.

The lounge/diner is positioned to the right hand side of the property and benefits from patio doors providing access to the garden and there is also a warm air gas heater.

The kitchen is to the rear of the property and has a window and door leading to the rear garden, there are variety of work surfaces with base and two wall mounted units, double drainer sink unit, a serving hatch and space for appliances.

The first floor landing leads to all three bedrooms and the family bathroom which is positioned to the rear and comprises a panel enclosed bath, low level WC and wash hand basin.

The primary bedroom is positioned to the rear of the property overlooking the garden and bedrooms two and three are to the front of the property.

Outside
The private driveway leads to a single garage and a further path leads to the front door.

The front garden has a lawned area and a variety of bushes and hedges.

The rear garden has a patio area, the remainder is laid to lawn with fencing to boundaries, a timber shed and a variety of shrubs and hedges.

Location

The property is nestled within the popular Timsons Lane, a peaceful road which enjoys a prominent position just outside the City Centre. Chelmsford offers an extensive range of shopping and leisure facilities together with a wide variety of cafes and restaurants. For the commuter, Chelmsford mainline station is approximately half a mile distant, offering a frequent service to London Liverpool Street (approximate journey time of 35 minutes).

The area provides both primary and secondary schooling including two excellent Grammar schools. In the private sector both New Hall School and Felsted are also within a reasonable proximity.

Directions

Please use postcode CM2 6AF for SatNav.

Important Information

Council Tax Band – C EPC Rating - TBC
Services - We understand that mains water, gas, drainage and electricity are connected to the property.
Tenure - Freehold
Our ref - CHE250099

Agent Details

Fenn Wright, Chelmsford

01246 948443

Next Steps?

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

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