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Oak Piece, North Weald Bassett, Essex CM16

East of England

£489,995
Listed on 24/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1524 sqft

Description

This three-bedroom family residence, situated in one of North Weald’s desirable neighborhoods, presents an excellent opportunity for renovation and investment. The home features a welcoming entrance hallway that leads to a spacious lounge and a practical kitchen/dining area, perfect for day-to-day family life. The ground floor also includes a convenient WC. A noteworthy highlight is the double-length garage, which not only offers ample storage but also shows promise for conversion or extension possibilities (subject to planning approval). On the upper level, you will find three generously sized bedrooms along with a family bathroom, all awaiting your personal touch. The property is complemented by a mature rear garden that backs onto tranquil open farmland, ensuring privacy and serenity. A large paved driveway at the front provides sufficient parking space and grants access to the garage, which features internal access as well. Located centrally in North Weald, this property benefits from proximity to local schools, restaurants, and essential amenities. Epping Central Line station is conveniently less than five minutes away by car, while easy access to the M11 via Harlow takes around 7-8 minutes, enhancing connectivity to wider transportation networks. The absence of onward chain adds further appeal for families looking to make this house their ideal home.

Investment Analysis

(CM16 area)

Below Market Value

This property is priced -41.0% below area average per sq ft

-41.0%
Potential saving
This Property
£322/sq ft
Area Average
£545/sq ft
Avg Rent (weekly)
£471
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£913,973
10% above area average per sq ft
Potential ROI
+72.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (CM16)

Area prices are falling by -11.0% over the last 12 months
3 year growth: -6.1%
5 year growth: +4.9%
Investment Disclaimer: Analysis based on CM16 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

Oak Piece, North Weald Bassett, Essex CM16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,735
Based on a loan of £367,496 over 30 years at 3.91% 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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