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Tusser Close, Witham

East of England

£270,000
Listed on 04/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
954 sqft

Description

This three-bedroom property, built around 1950, is a noteworthy opportunity for renovation and investment, offering significant potential for those looking to put their personal touch on a home. Having been lovingly maintained by one family since its construction, this residence features charming original characteristics, such as the classic Butler sink in the kitchen, which adds a unique touch and a sense of nostalgia. Upon arrival, you will find a well-kept front garden that not only enhances curb appeal but also presents opportunities for additional parking if desired. The entrance opens to a welcoming hallway with stairs leading to the upper levels. The generous reception room serves as the central gathering space of the home, providing serene views of the expansive rear garden—a canvas for landscaping or outdoor activities, perfect for families. The kitchen is designed with functionality in mind and is situated conveniently near the front of the house. It includes an adjoining utility room that offers practical storage solutions and direct access to the garden, making it ideal for entertaining or everyday living. Ascending to the first floor reveals three double bedrooms accessible from a central landing. The main bedroom is spacious and benefits from built-in wardrobe space. The second bedroom also offers ample sleeping quarters along with built-in storage, both rooms looking out onto the tranquil garden setting. The third bedroom is more compact yet versatile enough to accommodate various uses as a child’s room, guest area, or home office. A family bathroom equipped with necessary amenities completes this level. Externally, the property features both front and rear gardens along with off-street parking options. There may be scope for further extension at the rear subject to planning permission (S.T.P.P.), allowing prospective buyers to expand according to their needs. Situated in Rivenhall, this home benefits from proximity to several highly regarded schools such as Rivenhall C of E Primary School and nearby New Rickstones Academy and Elm Hall Primary School. With Witham Train Station just six minutes away by car and local supermarkets within walking distance, this location supports convenient daily living. Additionally, Braintree Designer Village is approximately thirteen minutes away, offering shopping options along with entertainment venues. Given its renovation potential in a desirable area, this property is likely to attract considerable interest from buyers seeking to invest in a family home that can be tailored over time while creating lasting memories.

Investment Analysis

(CM8 area)

Below Market Value

This property is priced -24.2% below area average per sq ft

-24.2%
Potential saving
This Property
£283/sq ft
Area Average
£374/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£392,056
10% above area average per sq ft
Potential ROI
+22.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Tusser Close, Witham
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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
£989
Based on a loan of £202,500 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