1 Glandfields Cottages, Chelmsford Road, Felsted, Dunmow, Essex

Description

A vacant freehold semi-detached house on the edge of popular village that requires renovation and refurbishment, with scope for extension (subject to consent). A two/three bedroom semi-detached house in need of renovation and improvement. The property benefits from a wrap around garden and offers scope to extend or create a further dwelling subject to obtaining all relevant permissions.

Accommodation

Ground Floor: Entrance Hall; Living Room (4.65m x 2.81m); Kitchen / Dining Room (3.64m x 3.62m); Bathroom (2.23m x 1.95m). First Floor: Bedroom 1 (4.89m x 2.95m); Bedroom 2 (3.44m x 3.01m); Dressing Room / walk-in wardrobe (2.61m x 1.70m).

Location

The house enjoys field views to the front and is situated on the outskirts of Felsted, an attractive village between Great Dunmow and Chelmsford. The village offers a range of local amenities within a rural environment with open countryside surrounding. Mainline railway services are available from Braintree and Chelmsford, while the A120 provides road links to the M11 and Stansted Airport.

Tenure / Property Information

Investment Analysis

The supplied completed sales are detached properties on Chelmsford Road, whereas the subject is a vacant two-bedroom semi-detached cottage requiring renovation. The £800,000 2026 detached sale is not a sufficiently direct comparable to support a subject-specific GDV. No direct semi-detached sales, refurbishment budget or planning evidence is supplied, so GDV and maximum bid cannot be reliably estimated. The guide is £250,000, with known buyer premium and administration charges totalling £2,400 inc VAT, before any legal-pack disbursements or other special-condition costs.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection, review of the legal pack and obtaining stronger local evidence for semi-detached values and refurbishment costs. Treat extension or additional-dwelling potential as unquantified until planning feasibility is confirmed.

Works Required

Renovation and refurbishment of the existing two-bedroom cottage, with improvement requirements to be confirmed by inspection. The EPC is currently rated E. Any extension or creation of a further dwelling is subject to obtaining all relevant permissions and is not included in the financial analysis.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified without a supported post-refurbishment GDV, refurbishment budget or market rent. The known acquisition figure at the guide, including the stated buyer premium and administration charge, would be £252,400 before any disbursements or other special-condition costs, but total project cost cannot be calculated.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment costs, total project cost and any finance or operating costs are also unknown. The property is vacant rather than passing with a tenant.

Flip Analysis

A flip surplus cannot be calculated. The available sales evidence concerns detached properties, not this vacant two-bedroom semi-detached cottage, and no supported refurbishment allowance or selling-cost allowance is provided. Extension or an additional dwelling is only a potential subject-to-consent opportunity.

Investor Risks & Due Diligence

• The property requires renovation and refurbishment, but no detailed condition report or cost estimate is supplied.

• The supplied completed sales are detached properties and may not represent the value of this semi-detached cottage.

• No sufficiently specific rental evidence is available, so rental yield cannot be established.

• Any extension or creation of a further dwelling is subject to obtaining all relevant permissions.

• Legal-pack disbursements and other special-condition costs may be payable but are not quantified.

• The current EPC rating is E and the cost of any required improvement is unknown.

Recommendation

Proceed only after inspection, review of the legal pack and obtaining stronger local evidence for semi-detached values and refurbishment costs. Treat extension or additional-dwelling potential as unquantified until planning feasibility is confirmed.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, accommodation, guide price, known auction charges and broad refurbishment scope, but lacks direct comparable sales, rent evidence, condition detail, refurbishment costs and planning information.