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Highcliffe Drive, Wickford, SS12

East of England

£1,150,000
Listed on 07/12/2024

Property Details

Bedrooms
5
Type
Detached house
Area
3165 sqft

Description

Nestled in a serene semi-rural setting, this expansive five-bedroom bungalow presents a unique opportunity for renovation and investment. Currently functioning as an equestrian facility, the property spans approximately 1.2 acres and includes stables that accommodate up to seven horses, making it ideal for equestrian enthusiasts or those looking to explore similar ventures. The interior features a cozy lounge equipped with a brick-built fireplace and log burner, connecting seamlessly to an open-plan kitchen and dining area. The country-style kitchen boasts a range of units and a vaulted ceiling that floods the space with natural light. A central island with a breakfast bar enhances functionality while the dining area opens via bi-folding doors to reveal the extensive garden, offering picturesque countryside views. An inner hallway provides access to all five bedrooms, including a principal suite with its own en-suite shower room. A four-piece family bathroom accommodates the remaining rooms, presenting potential for modern updates. The property is approached through a gated entrance leading to a spacious driveway that offers ample parking along with access to a double garage. Outside, the expansive rear garden features a large patio area perfect for al fresco dining and also includes additional outbuildings that hold development potential (subject to planning). Located near Ramsden Bellhouse village, this home benefits from community amenities such as local churches, halls, and pubs. Its proximity to Billericay station (approximately 6.1 miles) and Wickford railway station (about 1.9 miles) ensures efficient travel options into London Liverpool Street, enhancing its appeal as an investment opportunity in both residential and equestrian markets. This property stands out not just for its current use but also for its prospects of transformation into something truly special.

Investment Analysis

(SS12 area)

Below Market Value

This property is priced -15.5% below area average per sq ft

-15.5%
Potential saving
This Property
£363/sq ft
Area Average
£430/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£1,497,567
10% above area average per sq ft
Potential ROI
+25.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (SS12)

Area prices are stable by +0.5% over the last 12 months
3 year growth: 0.6%
5 year growth: 10.3%
Investment Disclaimer: Analysis based on SS12 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

Highcliffe Drive, Wickford, SS12
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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
£4,213
Based on a loan of £862,500 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