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Steeple Road, Mayland

East of England

£650,000
Listed on 12/03/2026

Property Details

Bedrooms
2
Type
Detached house

Description

This property offers a compelling opportunity for developers and investors, featuring a substantial plot of just under 0.75 acres with outline planning permission approved for the construction of two detached bungalows at the rear. The existing bungalow at the front of the site, while requiring some renovation, provides an immediate accommodation option or rental potential while new builds are underway. This site stands out due to its generous size and location within the picturesque village of Mayland, known for its local amenities and scenic surroundings. The existing structure includes two bedrooms, a living room with a traditional fireplace, and a decent-sized kitchen/diner that could benefit from modern updates. The expansive rear garden is mostly laid to lawn with established shrubs, making it an appealing space not only for prospective new homes but also as an outdoor area during renovations. Buyers interested in this property will find both immediate value in the existing bungalow and significant long-term investment potential with the planned development at the rear.

Investment Analysis

(CM3 area)
Area Average
£418/sq ft
Avg Rent (weekly)
£314
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (CM3)

Area prices are stable by -1.0% over the last 12 months
3 year growth: -1.6%
5 year growth: +9.0%
Investment Disclaimer: Analysis based on CM3 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

Steeple Road, Mayland
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 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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