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Heath Green, Heath And Reach

East of England

£600,000
Listed on 11/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
2640 sqft

Description

This historic cottage in Heath and Reach, formerly an old butcher's shop, offers an exceptional opportunity for renovation and investment. As a Grade II listed property, it boasts unique period features and is ideally positioned overlooking the picturesque Heath Green, with views extending towards the iconic Clock Tower and Pump House. The substantial rear garden provides ample scope for landscaping or potential development (subject to planning permissions), making it a hidden gem for outdoor enthusiasts. Inside, the cottage presents spacious living areas, including a versatile sitting room that flows into a family space with wood burners adding warmth. There are two sizeable cellars that can be transformed into functional areas like an office or playroom. The kitchen retains its charm but could benefit from modern updates, while the upstairs comprises two generous double bedrooms and a stylish family bathroom. Notably, there’s additional potential to convert the barn and hayloft, enhancing the property’s value significantly. With local amenities nearby and excellent transport links to London, this property represents not just a home but also an exciting renovation project in a vibrant community.

Investment Analysis

(LU7 area)

Below Market Value

This property is priced -41.9% below area average per sq ft

-41.9%
Potential saving
This Property
£227/sq ft
Area Average
£392/sq ft
Avg Rent (weekly)
£299
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,136,916
10% above area average per sq ft
Potential ROI
+67.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
77
Average per month
Market Turnover
58%
Properties sold annually

Local Market Trend (LU7)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -3.5%
5 year growth: +6.0%
Investment Disclaimer: Analysis based on LU7 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

Heath Green, Heath And Reach
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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
£2,164
Based on a loan of £450,000 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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