3 Bed Terraced House, Refurb/BRRR, Chelmsford, CM2 7NH, £375,000

Meadgate Avenue, Chelmsford, CM2 7NH - 15 days ago

Refurb/BRRR
ROI: 2%
~93 m²
+14 photos

ValuationFair Value

Sold Prices£290K - £750K
Sold Prices/m²£2.6K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£378,750

 

 

End Value (After Refurb)

£362,912

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£45,472

Bridging Loan Interest

£9,844

Total Cash In

£179,516

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£362,912

Mortgage (After Refinance)

£272,184

Mortgage LTV

75%

Cash Left In

£179,516

Equity

£90,728

Rent Range

£1,500 - £2,300

Rent Estimate

£1,778

Running Costs/mo

£1,510

Cashflow/mo

£268

Cashflow/yr

£3,220

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £290K to £750K, average is £387.5K. £2.6K/m² to £6.9K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£390K02/230.1 mi48, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£300K03/230.1 mi50, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£302.5K01/210.11 mi319, Meadgate Avenue, Chelmsford, Essex CM2 7NL3
£290K10/210.11 mi343, Meadgate Avenue, Chelmsford, Essex CM2 7NL3
£305K05/210.11 mi48, Whitehouse Crescent, Chelmsford, Essex CM2 7LW3
£350K01/210.15 mi175, Baddow Road, Chelmsford, Essex CM2 7PZ3
£310K09/210.15 mi35, Meadgate Avenue, Chelmsford, Essex CM2 7NF3
£387.5K09/210.17 mi318, Baddow Road, Chelmsford, Essex CM2 9QX3
£350K03/210.17 mi276, Baddow Road, Chelmsford, Essex CM2 9QX3
£367K06/210.18 mi23, Meadgate Avenue, Chelmsford, Essex CM2 7ND3
£624K04/230.19 mi210, Baddow Road, Chelmsford, Essex CM2 9QR3
£345K03/210.23 mi139, Baddow Road, Chelmsford, Essex CM2 7PY3
£325K12/200.24 mi1, Spring Pond Close, Chelmsford, Essex CM2 7LX3
£305K09/210.25 mi208, Meadgate Avenue, Chelmsford, Essex CM2 7LL3
£525K12/200.25 mi12, Beehive Lane, Chelmsford, Essex CM2 9SX3
£500K01/230.28 mi5, Langdale Gardens, Chelmsford, Essex CM2 9QH3
£500K12/210.29 mi35, Wallace Crescent, Chelmsford, Essex CM2 9QL3
£390K12/200.29 mi6, Wallace Crescent, Chelmsford, Essex CM2 9QL3
£415K12/210.32 mi24, Van Diemans Road, Chelmsford, Essex CM2 9QQ3
£390K04/230.33 mi33, Harberd Tye, Chelmsford, Essex CM2 9GH3
£320K04/210.33 mi12, Longmore Avenue, Chelmsford, Essex CM2 7NT3
£335K12/200.33 mi280, Meadgate Avenue, Chelmsford, Essex CM2 7LN3
£400K02/230.38 mi15, Canford Close, Chelmsford, Essex CM2 9RG3
£465K04/210.39 mi4, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE3
£465K04/210.39 mi4, Longmead Avenue, Great Baddow, Chelmsford, Essex CM2 7EE3
£440K12/200.39 mi18, Goldlay Avenue, Chelmsford, Essex CM2 0TL3
£475K09/210.39 mi9, Longfield Road, Chelmsford, Essex CM2 7QH3
£410K12/200.41 mi1, Amcotes Place, Chelmsford, Essex CM2 9HZ3
£390K04/210.41 mi2, Chilton Close, Chelmsford, Essex CM2 9TU3
£495K12/220.41 mi18, Chelmerton Avenue, Chelmsford, Essex CM2 9RE3
£397.5K05/230.43 mi33, Loftin Way, Chelmsford, Essex CM2 9TP3
£312.5K02/210.44 mi24, Loftin Way, Chelmsford, Essex CM2 9TN3
£300K01/210.44 mi38, Loftin Way, Chelmsford, Essex CM2 9TW3
£450K03/230.45 mi36, Beehive Lane, Chelmsford, Essex CM2 9TJ3
£450K06/210.45 mi8, Oldbury Avenue, Chelmsford, Essex CM2 7EB3
£470K04/230.45 mi51, Chelmer Road, Chelmsford, Essex CM2 6NH3
£318.5K02/210.45 mi11, Morris Road, Chelmsford, Essex CM2 6EU3
£435K03/210.46 mi18, Lynmouth Avenue, Chelmsford, Essex CM2 0TP3
£750K11/210.48 mi26, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£550K08/210.48 mi45, Chelmerton Avenue, Chelmsford, Essex CM2 9RF3
£375K06/210.48 mi47, Shelley Road, Chelmsford, Essex CM2 6ER3
£381K01/230.48 mi14, Shelley Road, Chelmsford, Essex CM2 6ER3
£368.5K12/200.48 mi8, Byron Road, Chelmsford, Essex CM2 6EP3
£387.5K12/220.5 mi181, Gloucester Avenue, Chelmsford, Essex CM2 9DX3
£360K09/210.5 mi243, Gloucester Avenue, Chelmsford, Essex CM2 9DX3
£365K12/220.5 mi189, Gloucester Avenue, Chelmsford, Essex CM2 9DX3
£380K05/230.5 mi183, Gloucester Avenue, Chelmsford, Essex CM2 9DX3
£310K01/210.51 mi81, Shelley Road, Chelmsford, Essex CM2 6ES3
£493K03/210.51 mi49, Goldlay Road, Chelmsford, Essex CM2 0EL3
£460K01/230.52 mi10, Goldlay Gardens, Chelmsford, Essex CM2 0EN3
£320K03/210.52 mi59, Shelley Road, Chelmsford, Essex CM2 6ES3

Local Rents

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

RentDateDistanceAddressBeds 
£1,55012/240.16 miMeadgate Avenue, Chelmsford3
£1,89504/240.24 miGoodwin Close, CHELMSFORD3
£1,55001/250.25 mi-3
£1,55003/240.27 miGerard Gardens, Great Baddow3
£1,89703/240.3 miWharf Road, Chelmsford, Essex, CM23
£1,88204/240.3 miWharf Road, Chelmsford, Essex, CM23
£2,12003/240.3 miWharf Road, One Canalside, Chelmsford, CM23
£2,22004/240.3 miWharf Road, Chelmsford, Essex, CM23
£1,70004/250.3 mi-3
£1,85004/250.35 mi-3
£2,30002/240.43 mi-3
£1,50004/240.45 miShelley Road, Chelmsford, Essex, CM23
£2,10001/250.46 mi-3
£1,85004/240.47 miWharf Road, Chelmsford3
£1,85004/240.47 miWharf Road, Chelmsford3
£1,65004/240.48 mi-3
£1,75004/240.52 miShelley Road, Chelmsford, CM23
£1,75004/240.52 miShelley Road, Chelmsford, CM23
£1,65005/240.53 miWaltham Glen, Chelmsford, Essex, CM2 9EL3
£1,65004/250.55 mi-3
£1,79505/240.55 miSpringfield Park Avenue, Chelmsford3
£1,78004/240.56 mi-3
£1,55004/240.57 miDorset Avenue, CHELMSFORD3
£1,69503/240.57 miManor Road, Old Moulsham3
£1,60004/240.59 mi-3
£1,60004/240.59 miSpringfield Park Avenue, Chelmsford, CM23
£1,75004/240.59 miSt Johns Road, Chelmsford, CM23
£1,80002/250.61 mi-3
£1,79504/240.62 miWhitethorn Gardens, Chelmsford, Essex, CM23
£1,75001/250.62 mi-3
£1,75002/250.62 mi-3

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.29 miles away

Nearest school

0.30 miles away

Nearest train station

1.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £375,000

March 31, 2025

Floor Plans

Description

  • Terraced House +
  • Three Spacious Bedrooms +
  • Local To Chelmsford City Centre +
  • Landscaped Maintained Garden +
  • Rear Single Garage +
  • Refurbished Kitchen +

Guide Price - £375,000 - £385,000
This beautifully highly renovated terraced home offers modern and stylish living, perfectly situated close to Chelmsford City Centre. Boasting three spacious bedrooms, a thoughtfully landscaped rear garden, and a refurbished kitchen/diner, this property presents an excellent opportunity for families and professionals alike.

Upon entering, you are welcomed into a bright entrance hall that leads to a spacious lounge, offering a comfortable and inviting space to relax. The large front-facing window allows natural light to flood the room, enhancing the warm and airy feel. Off of the entrance hall, the open-plan kitchen/diner has been fully refurbished to a high standard, featuring sleek cabinetry, high-gloss finishes, and integrated appliances. The dining area provides ample space for family meals or entertaining, with direct access to the beautifully landscaped rear garden, creating a seamless indoor-outdoor living experience.

Upstairs, the property offers three well-proportioned bedrooms, each with plenty of natural light and storage potential. The main bedroom is generously sized, while the additional bedrooms offer flexibility for family, guests, or a home office. A modern family bathroom completes the upper level, featuring stylish fixtures and a well-maintained finish.

The rear garden has been carefully landscaped and maintained, offering an inviting outdoor space with a combination of artificial lawn and patio areas, perfect for relaxing or hosting gatherings. A rear garage provides convenient storage or parking options, accessible via a private access road.

Located in a sought-after area with excellent transport links, local amenities, and reputable schools nearby, this home provides a wonderful balance of city convenience and suburban tranquility. With no detail overlooked in its renovation, this property is ready to move into and enjoy.

Agent Details

haart, Chelmsford

01245 945473

Next Steps?

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