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King Street, Ongar, CM5

East of England

£1,000,000
Listed on 13/02/2026

Property Details

Bedrooms
4
Type
Detached house
Area
3097 sqft

Description

Nestled in the picturesque Essex countryside, Little Whitgate Cottage presents a unique investment opportunity. This Jacobean cottage, rich in history and character, boasts original features such as inglenook fireplaces and oak beams, offering warmth and charm that can be revitalized through thoughtful renovations. Comprising four bedrooms and a detached double garage with additional storage options, the property allows for creative transformations into versatile living spaces. The entrance features a striking double-height hallway leading to a generous living room equipped with grand beams and access to the garden—a perfect setting for entertaining. The kitchen showcases classic shaker cabinetry and integrates modern appliances yet holds potential for an update to enhance functionality with contemporary design elements. The ground floor offers a variety of rooms currently used for different purposes including a gym, garage, and utility space; these areas could easily be converted into an annexe or dedicated work-from-home environments, significantly increasing the property’s appeal. Upstairs, you'll find three spacious double bedrooms alongside a single room, complemented by a family bathroom featuring both bath and shower facilities. Set within approximately one acre of lush grounds that enhance privacy while providing ample parking space, this idyllic location is further accentuated by two distinctive mini homes built by the current owners—ideal for children or as quirky guest accommodations. Situated conveniently close to Chipping Ongar's lively high street filled with local boutiques and eateries, this property balances rural tranquility with accessibility to urban amenities—making it a rare find in today’s market.

Investment Analysis

(CM5 area)

Below Market Value

This property is priced -30.8% below area average per sq ft

-30.8%
Potential saving
This Property
£323/sq ft
Area Average
£467/sq ft
Avg Rent (weekly)
£555
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£1,590,248
10% above area average per sq ft
Potential ROI
+44.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (CM5)

Area prices are falling by -8.5% over the last 12 months
3 year growth: -5.7%
5 year growth: -0.2%
Investment Disclaimer: Analysis based on CM5 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

King Street, Ongar, CM5
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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
£3,607
Based on a loan of £750,000 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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