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Grove Road, TIPTREE

East of England

£475,000
Listed on 05/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1083 sqft

Description

This detached bungalow, situated in a quiet mews of three properties, presents a valuable opportunity for renovation and investment. The home features three double bedrooms, with the master benefiting from an ensuite bathroom, making it suitable for families or those seeking extra space. The living areas are located at the rear of the property, comprising a spacious lounge measuring 17ft8 x 12ft7 and a kitchen/dining room that is 15ft2 x 11ft10. Both rooms open into a conservatory that offers pleasant views of the southeast-facing garden, providing an ideal spot for relaxation and potential enhancement. The property's exterior includes a driveway for convenient off-street parking and a garage with electric power assistance and direct access to the garden. While the bungalow requires some modernization, this presents an excellent chance for buyers to tailor the space to their personal tastes or to enhance its value through strategic renovations. Located off Church Road in Tiptree, this home enjoys proximity to essential amenities such as Asda and Tesco, as well as various local shops and healthcare facilities. Tiptree is known for its attractive village atmosphere, providing easy access to both major roadways and rail links via nearby Kelvedon and Witham stations. This accessibility makes it particularly appealing for commuters who wish to enjoy countryside living while remaining connected to urban centers. Inside, an entrance hall leads you through functional spaces including a bathroom with part-tiled walls and three well-proportioned bedrooms featuring fitted wardrobes. The kitchen/dining area comes equipped with built-in worktops, cupboards, and space for appliances—ideal for anyone looking to update or redesign it according to current trends. Overall, this bungalow offers considerable potential not only in terms of personalizing a home but also as an investment opportunity in a desirable location. The need for modern updates is counterbalanced by its solid foundation—both structurally and in terms of location advantages—making it a promising prospect for those willing to put in the effort.

Investment Analysis

(CO5 area)

Above Market Value

This property is priced +17.2% above area average per sq ft

+17.2%
This Property
£439/sq ft
Area Average
£374/sq ft
Avg Rent (weekly)
£282
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£445,665
10% above area average per sq ft
Potential ROI
-13.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CO5)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -1.1%
5 year growth: 13.9%
Investment Disclaimer: Analysis based on CO5 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

Grove Road, TIPTREE
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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