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The Avenue, Witham, Essex, CM8

East of England

£400,000
Listed on 08/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1506 sqft

Description

This detached three-bedroom home presents an exceptional opportunity for renovation and investment in a desirable area of Witham. The property is conveniently located within walking distance of the town centre and mainline train station, providing easy access to local amenities and transport links. Offered vacant and chain-free, this house is ready for immediate possession, allowing for a seamless transition for new owners. While the interiors are in need of full renovation, this offers a unique chance to design and remodel the space according to personal preferences and contemporary trends. The layout includes two spacious reception rooms on the ground floor, complemented by a sizeable kitchen and a cloakroom. Venturing upstairs, you'll find three good-sized double bedrooms, one of which features an en-suite bathroom, along with a separate family bathroom. Outside, the property boasts a generous wrap-around garden that offers further potential for landscaping or outdoor improvements. A gated driveway leads to a garage, enhancing the property's practicality and curb appeal. With its prime location, ample scope for modernization, and lack of onward chain, this home serves as an intriguing proposition for buyers looking to invest in property with significant upside potential.

Investment Analysis

(CM8 area)

Below Market Value

This property is priced -28.9% below area average per sq ft

-28.9%
Potential saving
This Property
£266/sq ft
Area Average
£374/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£618,906
10% above area average per sq ft
Potential ROI
+23.8%
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

The Avenue, 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
£1,465
Based on a loan of £300,000 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