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Water Lane, Radwinter, Saffron Walden

East of England

£270,000
Listed on 05/10/2024

Property Details

Bedrooms
2
Type
Detached house
Area
678 sqft

Description

This Grade II Listed cottage presents a unique opportunity in a charming village setting, ideal for those looking to invest in renovation or create a personalized living space. The property features two bedrooms and retains much of its historical character, offering a solid foundation for enhancement. Upon entry, you are greeted by an inviting hallway that leads to the heart of the home. The sitting room, with its open fireplace, provides a warm focal point and flows seamlessly into the dining room, which also features an original fireplace. These interconnected spaces create potential for modernizing while retaining traditional charm. The kitchen has functional elements in place but could benefit from modernization. It includes base units and offers ample space for essential appliances, all complemented by natural light from the front-facing window and access to the side garden through a part-glazed door. On the upper floor, the two bedrooms are well-sized, with one conveniently connected to a walk-in wardrobe – an appealing feature that could be further optimized to suit your design preferences. The bathroom on the ground floor is equipped with essential fixtures but stands ready for refurbishment to enhance comfort and style. Outside, the property boasts a gravel driveway that accommodates multiple vehicles and leads to a detached garage/outbuilding, presenting additional possibilities for usage—be it for storage or conversion into workspace. The west-facing gardens are predominantly laid to lawn and adorned with mature flower beds, providing a tranquil outdoor retreat while backed by the village recreation ground offers further leisure opportunities. With no upward chain in place and located within a conservation area, this cottage not only holds potential as a cozy residence but also as an investment project rewarding both character preservation and modernization efforts.

Investment Analysis

(CB10 area)

Below Market Value

This property is priced -3.5% below area average per sq ft

-3.5%
Potential saving
This Property
£398/sq ft
Area Average
£413/sq ft
Avg Rent (weekly)
£322
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£307,904
10% above area average per sq ft
Potential ROI
-0.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (CB10)

Area prices are falling by +7.5% over the last 12 months
3 year growth: -9.9%
5 year growth: -0.8%
Investment Disclaimer: Analysis based on CB10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Water Lane, Radwinter, Saffron Walden
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£989
Based on a loan of £202,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE