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Greensward Lane, Hockley

East of England

£950,000

Listed on 24/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
1966 sqft

Description

This sizeable plot in the heart of Hockley presents a unique opportunity for renovation and potential development. The property encompasses a four-bedroom detached bungalow with additional loft space, offering significant scope for modernization. Spanning approximately 1.1 acres, the land is well-suited for those interested in self-building or exploring further development possibilities, pending local planning permissions. While the existing bungalow includes desirable features such as spacious double bedrooms, a large lounge with dual aspect views, and a utility room, it will require substantial updates to maximize its value. The outdoor area is equally impressive with mature landscaping, ample parking space for around 20 vehicles, and outbuildings including a single garage and a double garage, which add practical utility to the plot. The property also boasts a garden that offers privacy with established trees and hedges, along with potential recreational spaces like a patio where a pool once was.

Investment Analysis

(SS5 area)

Above Market Value

This property is priced +21.5% above area average per sq ft

+21.5%
This Property
£483/sq ft
Area Average
£398/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£860,282
10% above area average per sq ft
Potential ROI
-18.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (SS5)

Area prices are rising by +5.3% over the last 12 months
3 year growth: -1.3%
5 year growth: +10.4%
Investment Disclaimer: Analysis based on SS5 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

Greensward Lane, Hockley
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,589
Based on a loan of £712,500 over 30 years at 4.45% 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

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