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Bowes Drive, Ongar, CM5

East of England

£475,000
Listed on 11/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
901 sqft

Description

This three-bedroom home offers a compelling opportunity for renovation and personal customization in the desirable area of Ongar. Located within a well-regarded neighborhood, the property features a welcoming entryway leading to an expansive ground floor that includes a dual-aspect lounge and diner, along with an adjoining kitchen. Both living spaces conveniently open to a verdant garden, setting the stage for outdoor activities and gatherings. The upstairs layout comprises two generously sized double bedrooms and a third single bedroom, which presents itself as an ideal workspace or children's room. The family bathroom and separate WC provide essential functionality while also leaving room for potential upgrades or reconfiguration. The rear garden boasts a lush lawn bordered by mature trees and plantings, creating a tranquil outdoor space ripe for enhancement or landscaping projects. Ongar's high street is known for its unique character, featuring independent boutiques and an array of dining options including popular spots like The Kings Head and Porterhouse. With its blend of village ambiance and easy access to Brentwood, Chelmsford, and Epping, residents can enjoy both the charm of countryside life and the conveniences of nearby towns. This property not only offers ample living space but also significant potential for modernization or expansion, making it an appealing investment for those looking to create their ideal home in a sought-after location.

Investment Analysis

(CM5 area)

Above Market Value

This property is priced +14.7% above area average per sq ft

+14.7%
This Property
£527/sq ft
Area Average
£460/sq ft
Avg Rent (weekly)
£465
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£455,410
10% above area average per sq ft
Potential ROI
-11.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CM5)

Area prices are falling by +3.9% over the last 12 months
3 year growth: -6.1%
5 year growth: -1.8%
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

Bowes Drive, Ongar, CM5
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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
£1,740
Based on a loan of £356,250 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