4 Bed Terraced House, Refurb/BRRR, Halstead, CO9 3ER, £500,000

Falcon House, King Street, Castle Hedingham, Essex CO9 3ER - 2 views - a month ago

Refurb/BRRR
Planning
~129 m²
+11 photos

ValuationOvervalued

Sold Prices£285K - £637.5K
Sold Prices/m²£2.7K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.9K/m²

Value Estimate

£419,444

 

 

End Value (After Refurb)

£433,392

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£62,000

Bridging Loan Interest

£13,125

Total Cash In

£240,575

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£433,392

Mortgage (After Refinance)

£325,044

Mortgage LTV

75%

Cash Left In

£240,575

Equity

£108,348

Rent Range

£695 - £4,750

Rent Estimate

£1,243

Running Costs/mo

£1,623

Cashflow/mo

£-380

Cashflow/yr

£-4,559

Gross Yield

3%

Local Sold Prices

20 sold prices from £285K to £637.5K, average is £390K. £2.7K/m² to £4.2K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£395K10/220.19 mi11, New Park, Castle Hedingham, Halstead, Essex CO9 3HH4
£320K02/230.24 mi5, Park Vale Close, Castle Hedingham, Halstead, Essex CO9 3DS4
£379K03/210.25 mi8, Park Vale Close, Castle Hedingham, Halstead, Essex CO9 3DS4
£432.5K08/210.45 miBridge House, Nunnery Street, Castle Hedingham, Halstead, Essex CO9 3DR4
£362.5K02/210.54 mi1, Station Road, Sible Hedingham, Halstead, Essex CO9 3QA4
£400K11/210.59 mi22, Crouch Green, Castle Hedingham, Halstead, Essex CO9 3DY4
£465K12/200.59 mi32, Crouch Green, Castle Hedingham, Halstead, Essex CO9 3DY4
£637.5K03/230.61 miRookwoods Cottage, Yeldham Road, Sible Hedingham, Halstead, Essex CO9 3QG4
£395K12/200.71 mi40, Ashley Street, Sible Hedingham, Halstead, Essex CO9 3EH4
£410K01/230.79 mi32, Summerfields, Sible Hedingham, Halstead, Essex CO9 3HS4
£395K09/210.79 mi157, Swan Street, Sible Hedingham, Halstead, Essex CO9 3PT4
£290K11/200.79 mi5, Beech Grove, Sible Hedingham, Halstead, Essex CO9 3NZ4
£347K02/210.79 mi33, Summerfields, Sible Hedingham, Halstead, Essex CO9 3HS4
£381K01/210.79 mi8, Summerfields, Sible Hedingham, Halstead, Essex CO9 3HS4
£385K04/210.81 mi17, Castle Meadow, Sible Hedingham, Halstead, Essex CO9 3PZ4
£320K01/210.82 mi24, Brook Meadow, Sible Hedingham, Halstead, Essex CO9 3PJ4
£285K11/220.92 mi8, Parkfields, Sible Hedingham, Halstead, Essex CO9 3NJ4
£415K12/200.94 mi3, Spring Way, Sible Hedingham, Halstead, Essex CO9 3SB4
£375K11/200.98 mi7, Spring Way, Sible Hedingham, Halstead, Essex CO9 3SB4
£490K11/201 miCorner House, New England, Sible Hedingham, Halstead, Essex CO9 3HY4

Local Rents

26 rents from £695/mo to £4.8K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,89512/240.08 miCastle Hedingham, Halstead4
£99512/240.1 miCrown Street, Castle Hedingham2
£1,65002/250.13 mi-3
£1,29512/240.13 miBayley Street, Castle Hedingham, Halstead2
£1,05012/240.17 miPye Corner, Castle Hedingham3
£95012/240.45 miCastle Hedingham, Halstead, Essex2
£1,70001/250.46 mi-2
£1,79512/240.55 miCastle Hedingham, Halstead3
£90012/240.55 miNorman Close, CO92
£70001/250.71 mi-1
£1,30012/240.72 mi-3
£69512/240.76 miSwan Street, Sible Hedingham1
£77512/240.85 miSwan Street, Sible Hedingham, CO91
£89512/240.87 miSummerfields, Sible Hedingham2
£1,15012/240.95 miSwan Street, Sible Hedingham2
£1,15012/240.95 miSwan Street, Sible Hedingham3
£4,75012/241.43 mi-5
£85004/241.44 mi-1
£85002/241.44 mi-1
£85012/241.44 mi-1
£85012/241.44 miBraintree Road, Sible Hedingham, Halstead, CO91
£99512/241.66 mi-1
£99503/251.68 mi-1
£99509/231.78 mi-1
£1,10012/242.08 miCherry Lane, Great Yeldham, HALSTEAD2
£1,20012/242.31 miCarleton Close, Great Yeldham3

Local Area Statistics

Population in CO9

25,162

Town centre distance

3.66 miles away

Nearest school

0.30 miles away

Nearest train station

6.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+41%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £500,000

March 17, 2025

Floor Plans

Description

  • Amazing Character Property +
  • Recent Residential Change Of Use +
  • Potential Four Bedroom Property +
  • 3700 Sq Ft +
  • Four Storey Building +
  • In the Heart Of Castle Hedingham +
  • In Need of Conversion/Modernisation +
  • Incredible Cellar Space +
  • Full of Character and Charm +
  • No Onward Chain +

Quote Ref: DP0213 when requesting further details of the amazing opportunity to purchase this stunning Grade II listed property set in the heart of Castle Hedingham. The property has many 17th century character features to include ornate cornicing, many sash windows and marble fire surrounds and an impressive turned staircase. Currently used as a commercial premises the property has got recent change of use to a fabulous four-bedroom four storey dwelling to include an impressive cellar.  As you enter this impressive property you are greeted with a fine hallway with a feature ornate turned staircase and other character features to include detailed door surrounds and wall panelling. The ground floor currently provides three office rooms with plans to convert into a formal kitchen and separate living room and study. There are stairs down to the lower ground floor where the cellars are situated. On the first floor there is a staggered landing with access to three main rooms that are currently office space but with plans to covert to three large double bedrooms with two en-suites and a family bathroom. One of the rooms at the rear is a fully wood paneled room and the other rooms have feature fireplaces and plenty of light through the sash windows. On the second floor there is currently a kitchen area with an open landing with a shower room and two separate wcs and a washroom area all with planning permission to convert to a large bedroom suite with bathroom and dressing room. Outside: To the rear of the property there is an open courtyard area with access through a side gate to the front of the property and there is a separate outbuilding that could be converted for independent use or storage for the property.  Agents Note: The property has been through an application to covert to residential status - Planning number 24/01547/FUL through Braintree Council. Services: Mains Electricity. Gas fired heating. Mains Drainage. Braintree Council Tax TBC (property is currently commercially rated) .There are BT Openreach and County Broadband Standard, Superfast and Ultrafast broadband connections up to 1000mbps available at his property (according to Ofcom broadband checker).

Agent Details

eXp UK, South East

03304 609968

Next Steps?

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