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Princes Way, Hutton, Brentwood CM13

East of England

£875,000
Listed on 12/09/2024

Property Details

Bedrooms
4
Type
Detached house
Area
1388 sqft

Description

This four-bedroom detached home presents a valuable opportunity for renovation and investment, situated in a well-connected area near a mainline station and within the catchment for St. Martins School, pending acceptance. The property occupies a spacious 13m (42') plot, offering ample parking with driveway space for three vehicles and potential for future extensions, subject to planning approval. Inside, the layout features an entrance hall that leads to a generous cloakroom, a lounge with parquet flooring and a feature fireplace, as well as an adjoining dining room with views of the rear garden. The kitchen comes equipped with cream-colored cabinetry and wood-effect work surfaces, providing a functional space that could be modernized to enhance its appeal. Upstairs, the first-floor landing opens to four bedrooms and a family bathroom. Notably, one bedroom offers access to a walk-in eaves storage area that holds promise for transformation into an en-suite facility if permitted by planning regulations. The property's outdoor space includes a rear garden divided by fencing from an additional area rented from Rail Track for £98.64 per annum—a potential asset for those looking to create private outdoor space or expand existing gardens. Located just 0.6 miles from Shenfield’s shopping Broadway and mainline railway station, this home provides excellent transport links to London via the Elizabeth Line, facilitating easy access to the West End and Heathrow Airport. With no onward chain, this residence is primed for those seeking to invest in an area with growth potential while allowing creative freedom through renovations.

Investment Analysis

(CM13 area)

Above Market Value

This property is priced +26.0% above area average per sq ft

+26.0%
This Property
£630/sq ft
Area Average
£500/sq ft
Avg Rent (weekly)
£424
Avg Yield
3.6%

Renovation Potential

Est. Renovation Cost
£87,500 - £218,750
10-25% of property value
Target Value
£763,629
10% above area average per sq ft
Potential ROI
-30.2%
After renovation
Monthly Sales
15
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (CM13)

Area prices are falling by +3.7% over the last 12 months
3 year growth: 7.3%
5 year growth: 2.2%
Investment Disclaimer: Analysis based on CM13 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

Princes Way, Hutton, Brentwood CM13
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