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Vera Road, Downham, Billericay

East of England

£825,000
Listed on 12/02/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1919 sqft

Description

This three-bedroom detached bungalow presents a unique opportunity for renovation and investment, set against a backdrop of picturesque farmland views extending towards Downham Church. The property features a spacious layout complemented by numerous outbuildings that enhance its potential for development and business use. The interior includes a well-sized lounge/diner with dual aspects, allowing ample natural light to fill the space. The kitchen is functional, equipped with base and wall-mounted units, an integrated dishwasher, and appliances that may require updating. Each of the three bedrooms benefits from double-glazed windows, ensuring comfort throughout. One of the standout features is the expansive garden measuring approximately 220 feet by 90 feet, ideal for gardening enthusiasts or those looking to create outdoor living spaces. Various outbuildings add considerable value; there's a double garage with power connections, a large single garage, and an extensive barn/workshop that could accommodate various projects or storage needs. A notable aspect is the additional plot adjacent to the property, which could offer significant development possibilities subject to planning permission. This extra land runs perpendicular to a main road, providing potential for future access points or building opportunities. The property boasts a secure gated driveway capable of accommodating multiple vehicles. Its semi-rural location strikes a balance between peace and accessibility, making it attractive for residential purposes while also offering options for home-based businesses. Overall, this bungalow holds great promise for buyers looking to invest in a property with substantial renovation potential while enjoying the tranquility of rural living and potential commercial opportunities.

Investment Analysis

(CM11 area)

Below Market Value

This property is priced -4.6% below area average per sq ft

-4.6%
Potential saving
This Property
£430/sq ft
Area Average
£451/sq ft
Avg Rent (weekly)
£421
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£950,960
10% above area average per sq ft
Potential ROI
+7.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CM11)

Area prices are rising by +3.9% over the last 12 months
3 year growth: -3.1%
5 year growth: 17.2%
Investment Disclaimer: Analysis based on CM11 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

Vera Road, Downham, Billericay
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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
£3,022
Based on a loan of £618,750 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