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Steeple Road, Mayland

East of England

£600,000
Listed on 12/03/2026

Property Details

Bedrooms
2
Type
Plot

Description

This property presents a unique opportunity for developers or investors, featuring a substantial plot of just under 0.75 acres with outline planning permission granted for two detached bungalows at the rear. The existing bungalow, while requiring some refurbishment, serves as an appealing starting point with its sizeable footprint and established back garden that enhances privacy and development potential. The property's layout includes a living room with a charming brick fireplace, two bedrooms—one with patio access to the garden—and a kitchen/diner equipped with essential appliances and ample workspace. Beyond the existing structures, the expansive rear plot is where the true value lies, allowing for the creation of additional homes in this desirable village setting. Located near local amenities and transport links to larger towns, this site offers both immediate renovation prospects and long-term investment advantages.

Investment Analysis

(CM3 area)
Area Average
£413/sq ft
Avg Rent (weekly)
£320
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CM3)

Area prices are stable by -1.3% over the last 12 months
3 year growth: -0.9%
5 year growth: +7.6%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,141
Based on a loan of £450,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Price History

-7.7% since listed
£600,000£50,000(-7.7%)
03/05/2026
Current price
£650,000Initial listing
12/03/2026

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