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Cedar Drive, Witham, Essex, CM8 - Image 1
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Cedar Drive, Witham, Essex, CM8

East of England

£265,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
768 sqft

Description

This two-bedroom semi-detached house presents a valuable opportunity for those looking to invest in a property that requires renovation throughout. Situated in the desirable area of Witham, it offers both potential and a location that is hard to beat. The property includes off-street parking alongside a garage, making it convenient for residents. Upon entering, you are welcomed into a porch that leads into the lounge area. The lounge features a generous window allowing natural light to flood the space, along with built-in storage and stairs that lead up to the first floor. There is also direct access to the kitchen from this room. The kitchen is equipped with basic base units and has space for an oven as well as an inset sink. A serving hatch connects this area to the lounge, which could be an attractive feature once modernized. A door from the kitchen provides entry to the rear garden, enhancing its usability. Upstairs, you'll find both bedrooms and the family bathroom located off the landing. The main bedroom includes a front-facing window and built-in cupboard space, while the second bedroom is spacious with views of the rear garden; additional storage can be found on the landing itself. The bathroom features essential fittings including a bath with shower attachment, WC, and wash hand basin. Outside, the property boasts a front garden with gated side access leading to a predominantly lawned rear garden enclosed by fencing, providing some privacy. In terms of location, Witham benefits from an active High Street filled with supermarkets, shops, banks, bars, and restaurants as well as various educational institutions. Residents can take advantage of local recreational facilities like Witham Leisure Centre and Benton Hall Golf & Country Club. For commuters, Witham railway station offers services directly to London’s Liverpool Street Station in approximately 45 minutes. Furthermore, major road networks such as the A12 trunk road facilitate easy access to grammar schools in nearby Colchester and Chelmsford, while facilitating travel towards Stansted Airport via the A120. This property holds significant renovation potential that could be capitalized on given its prime location and community features. It is held on a long lease with ground rent set at £22 per year; interested buyers should confirm all details with their solicitor regarding lease specifics and freehold purchase options.

Investment Analysis

(CM8 area)

Below Market Value

This property is priced -7.6% below area average per sq ft

-7.6%
Potential saving
This Property
£345/sq ft
Area Average
£374/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£315,617
10% above area average per sq ft
Potential ROI
+7.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (CM8)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 0.1%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on CM8 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

Cedar Drive, Witham, Essex, CM8
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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
£971
Based on a loan of £198,750 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