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Old Road, Harlow CM17 - Image 1

Old Road, Harlow CM17

East of England

£600,000
Listed on 02/05/2024

Property Details

Bedrooms
N/A
Type
Detached house
Area
2400 sqft

Description

This property presents a unique opportunity for renovation and investment in a vibrant residential area. Encompassing approximately 0.146 hectares (0.3 acres), the site is positioned just off the A1184 Cambridge/Harlow Road, ensuring easy accessibility while benefiting from high visibility in a densely populated community. The building, formerly functioning as a public house, offers significant potential for redevelopment or repurposing, subject to planning permissions (STPP). Its strategic location near key transport links and amenities enhances its appeal for future ventures. Nearby, Harlow Mill is a mere 0.2 miles away, with Sawbridgeworth and Harlow Town both within a short distance of 1.8 miles and 1.9 miles respectively. Investors will appreciate the possibilities this property holds for transforming or revitalizing the existing structure to meet current market demands. Given its location and size, it stands as an attractive proposition for various development ideas—whether residential or commercial.

Investment Analysis

(CM17 area)

Below Market Value

This property is priced -41.6% below area average per sq ft

-41.6%
Potential saving
This Property
£250/sq ft
Area Average
£428/sq ft
Avg Rent (weekly)
£361
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£60,000 - £150,000
10-25% of property value
Target Value
£1,130,580
10% above area average per sq ft
Potential ROI
+50.7%
After renovation
Monthly Sales
25
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (CM17)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 0.0%
5 year growth: 16.3%
Investment Disclaimer: Analysis based on CM17 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Old Road, Harlow CM17
Map showing location of Old Road, Harlow CM17
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