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High Street, Brentwood

East of England

£500,000
Listed on 16/05/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1054 sqft

Description

This semi-detached family home features three bedrooms and presents a significant opportunity for those interested in renovation or investment. While the property requires a full refurbishment, its location is highly desirable, situated just a short walk from Brentwood's bustling high street, which boasts a diverse array of shops, cafes, and bars. For commuters, Brentwood mainline railway station is conveniently located within half a mile, providing direct access to London via the Elizabeth Line, as well as easy connections to Heathrow Airport. Additionally, both the A12 and M25 are within a mile for straightforward road travel. The layout offers flexibility for modern redesigns, making it ideal for someone looking to create a personalized living space. The entrance porch leads into a spacious hallway that connects to the main reception room at the front of the house. This room features a large bay window and fireplace, offering potential for character-filled design elements. Adjacent is a second reception room at the rear of the property. The kitchen completes the ground floor layout. Upstairs, you'll find three bedrooms—two of which are generously sized doubles—and a family bathroom. The main bedroom is positioned at the front with another bay window allowing ample natural light. The exterior includes a south-facing garden that also needs maintenance and comprises access to an accompanying garage and parking area. This property stands out as an incredible project for those seeking to invest in residential development or simply wanting to transform it into their dream home. With plentiful options for modernisation throughout the interior spaces and its prime location near essential amenities and schools at all levels, this home has great potential for future appreciation in value.

Investment Analysis

(CM14 area)

Below Market Value

This property is priced -4.1% below area average per sq ft

-4.1%
Potential saving
This Property
£474/sq ft
Area Average
£495/sq ft
Avg Rent (weekly)
£346
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£573,671
10% above area average per sq ft
Potential ROI
-8.2%
After renovation
Monthly Sales
25
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (CM14)

Area prices are rising by +5.1% over the last 12 months
3 year growth: 6.8%
5 year growth: 5.4%
Investment Disclaimer: Analysis based on CM14 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

High Street, Brentwood
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