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Cripsey Avenue, Ongar, CM5

East of England

£365,000
Listed on 04/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
420 sqft

Description

This three-bedroom semi-detached property presents a significant renovation opportunity for investors or those looking to create their ideal home. The layout includes a lounge, dining room, and a fitted kitchen on the ground floor, along with three bedrooms upstairs, complemented by a bathroom and a separate WC. The spacious rear garden is primarily lawned, providing ample scope for landscaping or expansion, with potential for side and rear extensions pending planning approval. Additionally, the front offers space for driveway parking along with plenty of on-road options. While the property is in need of comprehensive modernization throughout, it does benefit from a recently installed new boiler and is available with no onward chain. Please note there is spray foam insulation in the roof void which may affect mortgage lending; therefore, it is suitable only for cash buyers.

Investment Analysis

(CM5 area)

Above Market Value

This property is priced +86.2% above area average per sq ft

+86.2%
This Property
£869/sq ft
Area Average
£467/sq ft
Avg Rent (weekly)
£555
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£215,662
10% above area average per sq ft
Potential ROI
-49.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (CM5)

Area prices are falling by -8.5% over the last 12 months
3 year growth: -5.7%
5 year growth: -0.2%
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

Cripsey Avenue, Ongar, CM5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,316
Based on a loan of £273,750 over 30 years at 4.06% 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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