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Bassett Gardens, North Weald, Essex CM16

East of England

£395,000
Listed on 24/05/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
935 sqft

Description

This 2-bedroom semi-detached bungalow in North Weald offers a unique opportunity for those interested in making a property their own. Nestled within a desirable neighborhood, this home sits on a generous corner plot, providing ample space for potential expansion or renovation (subject to local planning approvals). The interior layout currently features a spacious through lounge and dining area, alongside a kitchen that is ready for updating. One of the bedrooms includes an en-suite bathroom, while the second bedroom, located on the upper level, benefits from additional eaves storage. This configuration presents various possibilities for reconfiguration or modernization to better suit contemporary living standards. Outside, you’ll find a private driveway and side access leading to a good-sized rear garden. This outdoor space not only offers room for entertaining but also has potential for landscaping or further development opportunities. Located in the heart of North Weald, this property is close to local amenities and transport links, making it convenient for daily commutes and family activities. Given its renovation potential and desirable location, this bungalow represents an excellent investment prospect for buyers looking to enhance value over time.

Investment Analysis

(CM16 area)

Below Market Value

This property is priced -22.4% below area average per sq ft

-22.4%
Potential saving
This Property
£422/sq ft
Area Average
£544/sq ft
Avg Rent (weekly)
£403
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£559,813
10% above area average per sq ft
Potential ROI
+27.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CM16)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -1.8%
5 year growth: 11.4%
Investment Disclaimer: Analysis based on CM16 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

Bassett Gardens, North Weald, Essex CM16
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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
£1,447
Based on a loan of £296,250 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