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Meadow Lane, Runwell, Wickford, Essex, SS11

East of England

£600,000
Listed on 11/02/2025

Property Details

Bedrooms
3
Type
Detached house
Area
843 sqft

Description

This three-bedroom detached bungalow is situated in a semi-rural area, offering a unique opportunity for renovation and potential development. Set on an expansive plot of approximately 0.7 acres, the property provides ample outdoor space that could be creatively utilized. The layout features a welcoming entrance via double glazed patio doors that lead into a rear hallway, from which you can access the various rooms. A spacious inner hallway connects to the bedrooms and communal areas, showcasing textured ceilings with cornice coving that hint at the home’s character. The master bedroom is generously sized and features two front-facing double glazed windows that invite natural light. The second bedroom also offers good dimensions and is equipped with a radiator for comfort. The third bedroom includes a charming working fireplace, adding to its appeal. A family bathroom completes the accommodation; it’s equipped with a P-shaped bath, wash hand basin, and low-level WC, along with practical features like heated towel rails and complementary tiling. The kitchen, though compact, includes essential amenities such as matching eye and base level units, an inset stainless steel sink, and space for a range-style cooker. Its adjoining reception room benefits from multiple windows providing views of the garden. Outside, the large garden is primarily laid to lawn and bordered by mature trees and hedging, creating a tranquil environment. There are open views towards St. Luke's Park at the rear of the property. An independent gravel driveway allows for off-street parking of multiple vehicles. Notably, there is also a static home on-site that comes with a license for residential use—a valuable addition that could serve various needs or be considered as another realm for investment potential. Overall, this property presents an excellent canvas for those looking to invest in renovations or explore possible development avenues (subject to planning consents).

Investment Analysis

(SS11 area)

Above Market Value

This property is priced +80.1% above area average per sq ft

+80.1%
This Property
£712/sq ft
Area Average
£395/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£366,515
10% above area average per sq ft
Potential ROI
-44.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SS11)

Area prices are rising by +2.3% over the last 12 months
3 year growth: -5.6%
5 year growth: 8.0%
Investment Disclaimer: Analysis based on SS11 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

Meadow Lane, Runwell, Wickford, Essex, SS11
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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
£2,198
Based on a loan of £450,000 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