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Smiths Green, Takeley, Essex, CM22

East of England

£525,000
Listed on 28/03/2026

Property Details

Bedrooms
3
Type
Detached
Area
1485 sqft

Description

THE CROFT, a property with familial ties since around 1950, is ripe for redevelopment and modernization after years of neglect. Originally part of the Warish Hall Estate, this structure was a timber-framed cottage as noted in a 1921 auction catalogue. It was listed in 1978 but has since been de-listed, providing prospective owners with enhanced possibilities for expansion and improvement. The house underwent re-modelling in the 1970s, which included the replacement of weather boarding with pargetted render. The accommodation spans two floors featuring an entrance hall, sitting room, dining room, family room, kitchen, and a ground floor shower room. Upstairs contains three bedrooms along with a family bathroom and an additional space that can serve as a dressing room or occasional fourth bedroom. The current condition might pose challenges for securing mortgage financing, further emphasizing the opportunity for investors to transform this property into something special. Set in Smiths Green, just half a mile from Takeley village and about four miles from Bishop's Stortford, it benefits from nearby amenities including shops, schools, and recreational facilities. Additionally, good transport links via the M11 motorway enhance its appeal as a commuter location.

Investment Analysis

(CM22 area)

Below Market Value

This property is priced -14.3% below area average per sq ft

-14.3%
Potential saving
This Property
£354/sq ft
Area Average
£412/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
Target Value
£673,655
10% above area average per sq ft
Potential ROI
+13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (CM22)

Area prices are falling by -3.7% over the last 12 months
3 year growth: -6.5%
5 year growth: +1.1%
Investment Disclaimer: Analysis based on CM22 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

Smiths Green, Takeley, Essex, CM22
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,893
Based on a loan of £393,750 over 30 years at 4.06% 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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