2 Bed Bungalow, Refurb/BRRR, Chelmsford, CM2 7LT, £400,000

Bramwoods Road, Great Baddow, Chelmsford, CM2 7LT - 1 views - a month ago

Refurb/BRRR
ROI: 1%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£250K - £650K
Sold Prices/m²£3.1K/m² - £8.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£324,338

 

 

End Value (After Refurb)

£325,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£33,303

Bridging Loan Interest

£10,500

Total Cash In

£174,253

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£325,000

Mortgage (After Refinance)

£243,750

Mortgage LTV

75%

Cash Left In

£174,253

Equity

£81,250

Rent Range

£995 - £1,950

Rent Estimate

£1,444

Running Costs/mo

£1,324

Cashflow/mo

£120

Cashflow/yr

£1,435

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £250K to £650K, average is £325K. £3.1K/m² to £8.1K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£325K02/210 mi66, Bramwoods Road, Chelmsford, Essex CM2 7LT2
£305K12/200.13 mi9, Paschal Way, Chelmsford, Essex CM2 7NU2
£330K05/230.19 mi28, Chelwater, Great Baddow, Chelmsford, Essex CM2 7UQ2
£292.5K03/210.25 mi10, Beehive Lane, Chelmsford, Essex CM2 9SX2
£325K08/230.25 mi7, Beehive Lane, Chelmsford, Essex CM2 9SU2
£321K12/200.26 mi247, Baddow Road, Chelmsford, Essex CM2 7QA2
£325K04/210.26 mi245, Baddow Road, Chelmsford, Essex CM2 7QA2
£305K03/210.26 mi243, Baddow Road, Chelmsford, Essex CM2 7QA2
£362.5K08/230.35 mi268, Baddow Road, Chelmsford, Essex CM2 9QX2
£260K06/210.37 mi233, Baddow Road, Chelmsford, Essex CM2 7PZ2
£285K03/210.42 mi5, Belgrave Close, Chelmsford, Essex CM2 9TS2
£335K11/210.51 mi30, Foxholes Road, Chelmsford, Essex CM2 7HP2
£330K08/210.52 mi22, Wallace Crescent, Chelmsford, Essex CM2 9QL2
£335K01/210.52 mi19, Fraser Close, Chelmsford, Essex CM2 0TD2
£250K03/210.59 mi61, Sawkins Avenue, Chelmsford, Essex CM2 9SE2
£300K12/200.61 mi37, Ash Grove, Chelmsford, Essex CM2 9JT2
£325K04/230.61 mi55, Ash Grove, Chelmsford, Essex CM2 9JT2
£310K12/200.62 mi4, Ashmeads, Chelmsford, Essex CM2 9FJ2
£301K01/210.63 mi35, Chelmer Road, Chelmsford, Essex CM2 6NH2
£325K12/220.65 mi20, Amcotes Place, Chelmsford, Essex CM2 9HZ2
£425K09/210.65 mi11, Duffield Road, Chelmsford, Essex CM2 9RY2
£292.5K01/210.65 mi15, Duffield Road, Chelmsford, Essex CM2 9RY2
£365K07/230.65 mi10, Duffield Road, Chelmsford, Essex CM2 9RY2
£299.5K08/210.66 mi28, Readers Court, Chelmsford, Essex CM2 8EX2
£257.5K12/200.67 mi17, Church Street, Great Baddow, Chelmsford, Essex CM2 7HX2
£335K07/230.76 mi6, Lime Walk, Chelmsford, Essex CM2 9NF2
£315.5K08/210.77 mi34, Navigation Road, Chelmsford, Essex CM2 6HD2
£367K09/210.8 mi13, Hill Road, Chelmsford, Essex CM2 6HW2
£300K04/210.81 mi12, Hill Road, Chelmsford, Essex CM2 6HW2
£530K02/210.83 mi88, Vicarage Lane, Great Baddow, Chelmsford, Essex CM2 8JB2
£362.5K05/210.83 mi23, Goldlay Road, Chelmsford, Essex CM2 0EJ2
£360K05/210.84 mi136, Maldon Road, Great Baddow, Chelmsford, Essex CM2 7DQ2
£507K11/200.85 mi74, Manor Road, Chelmsford, Essex CM2 0ER2
£427.5K12/220.86 mi43, Baddow Hall Crescent, Chelmsford, Essex CM2 7BX2
£352K03/230.86 mi45, Baddow Hall Crescent, Chelmsford, Essex CM2 7BX2
£420K12/220.87 mi27, Lady Lane, Chelmsford, Essex CM2 0TG2
£322K09/210.88 mi4, Jeffcut Road, Chelmsford, Essex CM2 6XN2
£375K07/230.88 mi11, Parker Road, Chelmsford, Essex CM2 0ES2
£255K01/210.9 mi50, Orange Tree Close, Chelmsford, Essex CM2 9NE2
£292.5K12/200.91 mi23, St Anthonys Drive, Chelmsford, Essex CM2 9EG2
£285.5K04/210.92 mi35, Orange Tree Close, Chelmsford, Essex CM2 9ND2
£288K01/210.92 mi29, St Anthonys Drive, Chelmsford, Essex CM2 9EG2
£650K05/210.93 mi58, Church Street, Great Baddow, Chelmsford, Essex CM2 7JE2
£460K08/210.93 mi119, Mildmay Road, Chelmsford, Essex CM2 0DS2
£419K02/210.93 mi93, Mildmay Road, Chelmsford, Essex CM2 0DS2
£360K11/200.94 mi13, Heycroft Way, Chelmsford, Essex CM2 8JG2
£315K09/210.96 mi121, Pollards Green, Chelmsford, Essex CM2 6UX2
£330K05/210.96 mi7, Ramshaw Drive, Chelmsford, Essex CM2 6US2
£365K01/230.98 mi11, Gainsborough Crescent, Chelmsford, Essex CM2 6DJ2
£275K11/210.98 mi48, Roman Road, Chelmsford, Essex CM2 0HB2

Local Rents

46 rents from £995/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40003/240.11 miLea Court, Baddow Road2
£1,40003/240.11 miLea Court, Baddow Road2
£1,40002/250.2 mi-2
£1,95005/240.22 mi-2
£1,95004/240.22 miChelwater, Great Baddow, Chelmsford, CM22
£1,75005/240.23 miBaddow Road, Chelmsford, CM22
£1,75004/240.23 miBaddow Road, Chelmsford, CM2N/A
£1,75004/240.23 mi-2
£1,75005/240.23 mi-2
£1,75003/250.23 mi-2
£1,27504/240.25 miBaddow Road, Chelmsford2
£1,27505/240.25 miBaddow Road, Chelmsford2
£1,10003/240.27 miMeadgate Avenue, CM22
£1,19505/240.27 miHarberd Tye, Great Baddow2
£1,09504/240.33 miHarberd Tye, CHELMSFORD2
£1,30003/240.33 miHarberd Tye, Great Baddow, CM22
£1,22504/240.33 miSearle Close, Chelmsford2
£1,20004/240.37 miBaddow Road, Chelmsford2
£1,30004/240.37 miBaddow Road, Chelmsford2
£1,10010/230.38 miGoodwin Close, Great Baddow, Chelmsford2
£1,30005/240.39 miGoodwin Close, CM22
£1,38501/240.43 mi-2
£1,45003/240.44 miWallace Crescent, Chelmsford, CM22
£1,55004/240.44 miArmstrong Gibbs Court, The Causeway, Chelmsford, Essex, CM22
£1,50004/250.49 mi-2
£1,25004/250.52 mi-2
£99503/240.56 miBanstreet Cottages, Bell Street, Chelmsford2
£1,35001/250.59 mi-2
£1,49004/240.59 miWharf Road, Chelmsford, Essex, CM22
£1,49003/240.59 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.59 miWharf Road, One Canalside, Chelmsford, CM22
£1,66204/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,47504/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,45503/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,46004/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,55504/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,47004/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,44504/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,50504/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,48504/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,48505/240.6 miWharf Road, Chelmsford, Essex, CM22
£1,29503/240.61 miAsh Grove, Chelmsford, Essex, CM22

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.61 miles away

Nearest school

0.20 miles away

Nearest train station

1.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £400,000

March 21, 2025

Floor Plans

Description

  • Guide Price £400,000 - £425,000 +
  • Renovated Semi Detached Bungalow +
  • No Onward Chain +
  • Gas Central Heating +
  • Open Plan Living/Kitchen With Integrated Appliances +
  • Two Bedrooms +
  • Bathroom With Modern White Suite +
  • Garage & Driveway +
  • Rear Garden +

GUIDE PRICE £400,000 - £425,000 Discover the perfect blend of modern living and classic comfort in this recently renovated and extended semi-detached bungalow, offered with no onward chain. As you step inside, you'll be greeted by a spacious open-plan living area that seamlessly combines the kitchen and lounge. The kitchen is a chef's delight, equipped with integrated appliances that make meal preparation a breeze. This versatile space is perfect for entertaining guests or enjoying cosy nights in. The bungalow features two generously sized bedrooms, each providing a peaceful retreat for rest and relaxation. The bathroom boasts a modern white suite, offering a touch of luxury with every use. Outside, the property continues to impress with a well-maintained rear garden, ideal for outdoor dining, gardening, or simply soaking up the sun. The convenience of a garage and driveway ensures ample parking and storage, catering to all your practical needs.  The recent renovations have been thoughtfully executed, ensuring the property is move-in ready and requires minimal maintenance.  Location Great Baddow also offers a wealth of local amenities, including a selection of independent shops, cafes and restaurants, making it the perfect place to call home for families and professionals alike. Great Baddow is a popular location for commuters, with excellent transport links to London and other parts of the country. The village is just a short drive from the A12, which provides easy access to the M25 and other major motorways. For families with children, Great Baddow offers excellent schools and educational facilities, including several highly-rated primary and secondary schools. Great Baddow also has a range of sports clubs and leisure activities, including football, cricket, and tennis. Overall, Great Baddow is a highly desirable location that offers the perfect blend of rural charm and city convenience. With its beautiful countryside, excellent schools, and easy access to London and other major cities, it's no surprise that it is such a popular choice for homebuyers. The nearby city centre of Chelmsford can be found within 1.5 miles of the property and there is a regular bus service which runs directly along Meadgate  Avenue which takes you directly into the city centre and mainline station, where trains will get you to London Liverpool St as fast as 32 minutes

Agent Details

Bond Residential, Chelmsford

01245 945696

Next Steps?

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