3 Bed Terraced House, Planning Permission, Chelmsford, CM2 9PF, £385,000

Mews Court, Chelmsford, CM2 9PF - 21 days ago

Planning
ROI: 2%
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£293K - £710K
Sold Prices/m²£2.5K/m² - £8K/m²

 

 

Square Metres

~93 m²
Price/m²£4.1K/m²

Value Estimate

£396,550
BMV3%

 

 

End Value (After Refurb)

£443,389

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£27,200

Refurb Costs

£45,472

Bridging Loan Interest

£10,106

Total Cash In

£180,778

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£443,389

Mortgage (After Refinance)

£332,542

Mortgage LTV

75%

Cash Released

£43,792

Cash Left In

£136,986

Equity

£110,847

Rent Range

£1,350 - £4,500

Rent Estimate

£2,192

Running Costs/mo

£1,844

Cashflow/mo

£348

Cashflow/yr

£4,176

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £293K to £710K, average is £426K. £2.5K/m² to £8K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£435K12/220 mi2, Mews Court, Chelmsford, Essex CM2 9PF3
£353K11/200.01 mi7, Mews Court, Chelmsford, Essex CM2 9PF3
£325K04/210.05 mi3, St Johns Road, Chelmsford, Essex CM2 9PD3
£655K06/210.05 mi9, Hamlet Road, Chelmsford, Essex CM2 0EU3
£515K05/230.08 mi127a, Mildmay Road, Chelmsford, Essex CM2 0DT3
£362.5K01/210.08 mi14, St Johns Road, Chelmsford, Essex CM2 9PE3
£592.5K07/230.08 mi25, Upper Roman Road, Chelmsford, Essex CM2 0EX3
£370K01/210.1 mi17, Nursery Road, Chelmsford, Essex CM2 9PL3
£380K02/210.1 mi36, Nursery Road, Chelmsford, Essex CM2 9PL3
£370K01/210.1 mi24, Nursery Road, Chelmsford, Essex CM2 9PL3
£360K04/210.12 mi2, Grove Road, Chelmsford, Essex CM2 0EY3
£415K06/210.13 mi23, Bouverie Road, Chelmsford, Essex CM2 0UD3
£340K04/210.13 mi95, Moulsham Street, Chelmsford, Essex CM2 0JF3
£360K08/210.14 mi20, Roman Road, Chelmsford, Essex CM2 0HA3
£316K07/230.15 mi7, Orchard Street, Chelmsford, Essex CM2 0HD3
£555K12/200.15 mi27, Rosebery Road, Chelmsford, Essex CM2 0TU3
£436K11/200.16 mi66, Mildmay Road, Chelmsford, Essex CM2 0DZ3
£550K01/210.16 mi24, Lady Lane, Chelmsford, Essex CM2 0TG3
£450K12/200.18 mi2, St Michaels Road, Chelmsford, Essex CM2 9PT3
£430K03/210.22 mi62, Manor Road, Chelmsford, Essex CM2 0ER3
£387.5K02/210.23 mi5, Manor Road, Chelmsford, Essex CM2 0ER3
£460K01/230.25 mi10, Goldlay Gardens, Chelmsford, Essex CM2 0EN3
£590K02/230.28 mi11, St Mildreds Road, Chelmsford, Essex CM2 9PU3
£500K02/230.28 mi24, Rothesay Avenue, Chelmsford, Essex CM2 9BU3
£435K03/210.29 mi18, Lynmouth Avenue, Chelmsford, Essex CM2 0TP3
£293K05/210.3 mi97, Lower Anchor Street, Chelmsford, Essex CM2 0AU3
£493K03/210.3 mi49, Goldlay Road, Chelmsford, Essex CM2 0EL3
£575K12/220.3 mi2a, Southborough Road, Chelmsford, Essex CM2 0AQ3
£332K03/210.3 mi51, Baker Street, Chelmsford, Essex CM2 0SA3
£404K07/230.33 mi9, Bradford Street, Chelmsford, Essex CM2 0BG3
£460K08/230.34 mi13, Fortinbras Way, Chelmsford, Essex CM2 9JA3
£565K01/230.34 mi133, Moulsham Drive, Chelmsford, Essex CM2 9PZ3
£425K11/220.34 mi5, Bradford Street, Chelmsford, Essex CM2 0BG3
£312.5K11/210.34 mi10, Hart Street, Chelmsford, Essex CM2 0RY3
£515K10/210.35 mi136, Moulsham Drive, Chelmsford, Essex CM2 9QA3
£440K12/200.36 mi18, Goldlay Avenue, Chelmsford, Essex CM2 0TL3
£370K04/230.36 mi49, Lower Anchor Street, Chelmsford, Essex CM2 0AT3
£408K03/210.37 mi128, Fortinbras Way, Chelmsford, Essex CM2 9UL3
£710K06/210.37 mi55, Vicarage Road, Chelmsford, Essex CM2 9BT3
£404K05/210.38 mi127, Fortinbras Way, Chelmsford, Essex CM2 9UL3
£450K06/230.4 mi163, Upper Bridge Road, Chelmsford, Essex CM2 0BB3
£427K04/210.41 mi6, Falcons Mead, Chelmsford, Essex CM2 0NN3
£415K12/210.42 mi24, Van Diemans Road, Chelmsford, Essex CM2 9QQ3
£410K12/200.43 mi1, Amcotes Place, Chelmsford, Essex CM2 9HZ3
£427.5K05/230.45 mi94, Upper Bridge Road, Chelmsford, Essex CM2 0BA3
£475K12/220.45 mi86, Upper Bridge Road, Chelmsford, Essex CM2 0BA3
£340K01/210.48 mi104, Burghley Way, Chelmsford, Essex CM2 9LQ3
£500K01/230.48 mi5, Langdale Gardens, Chelmsford, Essex CM2 9QH3
£345K03/210.51 mi139, Baddow Road, Chelmsford, Essex CM2 7PY3
£390K12/200.52 mi6, Wallace Crescent, Chelmsford, Essex CM2 9QL3

Local Rents

36 rents from £1.4K/mo to £4.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65003/240.01 miMews Court, Chelmsford, CM2 9PF3
£4,50003/240.09 mi-3
£4,50002/250.09 mi-3
£1,75005/240.12 miBouverie Road, Chelmsford, CM23
£1,75003/240.13 miBouverie Road, Chelmsford, CM23
£1,80003/240.14 miGrove Road, Chelmsford3
£1,75001/250.14 mi-3
£1,75002/250.14 mi-3
£1,69505/240.15 miRedcliffe Road, CHELMSFORD3
£1,69512/240.15 miRedcliffe Road, CHELMSFORD3
£1,69503/240.17 miManor Road, Old Moulsham3
£1,75004/240.26 miSt Johns Road, Chelmsford, CM23
£1,35003/240.26 miHayes Close, Chelmsford, CM23
£1,78004/240.27 mi-3
£4,50002/240.39 mi-3
£4,50003/240.39 mi-3
£4,50004/250.39 mi-3
£1,55004/240.4 miUpper Bridge Road, Chelmsford, CM23
£1,55004/240.4 mi-3
£1,55003/250.4 mi-3
£1,85004/250.44 mi-3
£1,65002/240.47 mi-3
£1,72503/250.47 mi-3
£3,50004/250.49 mi-3
£1,70004/250.51 mi-3
£1,65005/240.53 miWaltham Glen, Chelmsford, Essex, CM2 9EL3
£1,85004/240.54 miWharf Road, Chelmsford3
£1,85004/240.54 miWharf Road, Chelmsford3
£1,75003/240.57 miCannon Mews, CHELMSFORD3
£1,89703/240.57 miWharf Road, Chelmsford, Essex, CM23
£1,88204/240.57 miWharf Road, Chelmsford, Essex, CM23
£2,12003/240.57 miWharf Road, One Canalside, Chelmsford, CM23
£2,22004/240.57 miWharf Road, Chelmsford, Essex, CM23
£1,69504/240.58 miRose Glen, Chelmsford, Essex, CM23
£1,75005/240.58 miParkinson Drive, Chelmsford, CM1 3GU3
£1,90002/240.62 mi-3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

0.75 miles away

Nearest school

0.20 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £385,000

March 25, 2025

Floor Plans

Description

  • Spacious Three-Bedroom Townhouse +
  • Excellent Location +
  • Generous Living Spaces +
  • Outdoor & Parking Benefits +
  • No Onward Chain +
  • Great Potential to Personalise +
  • Garage & Driveway +

Spacious Three-Bedroom Townhouse in Sought-After Old Moulsham Nestled in the highly desirable Old Moulsham area of Chelmsford, this well-maintained three-bedroom townhouse offers a fantastic opportunity for buyers seeking a spacious home with excellent access to the city centre, mainline train station to London Liverpool Street, and highly regarded local schools. Property Features: • Three generously sized double bedrooms • Family bathroom and a separate WC • Spacious living room • Fitted kitchen/dining area with direct access to the rear garden • Integral garage with electric roller door and potential for conversion (STPP) • Driveway providing off-road parking • Low-maintenance, hard-standing rear garden with gated pedestrian access • No onward chain – early viewing recommended Accommodation Overview: Set over three floors, the property boasts a well-balanced layout ideal for families or those looking for additional space. The entrance hall leads to a well-proportioned kitchen/dining room, fitted with a range of wall and base units, work surfaces, an inset stainless steel sink and space for freestanding cooker. On the first floor, the landing provides access to the family bathroom, a spacious third bedroom, and a bright living room, which benefits from natural light and stairs leading to the second floor. The bathroom is fitted with a shower cubicle, pedestal wash hand basin, and low-level WC. The second floor comprises two additional double bedrooms, both with fitted wardrobes, and a separate WC, completing the internal accommodation. Outdoor Space & Parking: Externally, the property benefits from a private, low-maintenance rear garden with gated pedestrian access. The front of the property features a block-paved driveway leading to a single integral garage, providing secure off-road parking and potential for conversion, subject to planning permission. Prime Location: Positioned within the charming Old Moulsham district, this home offers excellent connectivity to local amenities, including boutique shops, restaurants, and bars, as well as Chelmsford High Street, which is just a short walk away. Chelmsford mainline railway station provides frequent services to London Liverpool Street in approximately 35 minutes, making it an ideal choice for commuters. Additionally, the area is renowned for its outstanding educational facilities. Additional Information: • Council Tax Band: TBC • Tenure: Freehold • Services: Mains water, drainage, gas, and electricity connected • EPC Rating: TBC This exceptionally clean and well-kept property presents an excellent opportunity for buyers looking to modernize and add their own personal touch. With no onward chain, an early viewing is highly recommended to fully appreciate the space and potential on offer..

Agent Details

McCartney Estate Agents, Chelmsford

01245 945622

Next Steps?

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