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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 property presents a significant opportunity for renovation and development on a generous plot located in the heart of Hockley. Encompassing approximately 1.1 acres, this large land parcel features a detached four-bedroom bungalow with considerable potential for modernization and future development, subject to obtaining relevant planning permissions. The existing bungalow includes desirable features such as a loft room, all double bedrooms, and a spacious lounge with dual aspect windows providing ample natural light. The property also has separate utility facilities and offers options for en suites in multiple bedrooms. The expansive exterior includes well-established gardens, mature shrubs for privacy, and various outbuildings including a single garage and a detached double garage. There is an unoverlooked rear garden featuring sizeable trees and a summerhouse that is currently used as changing facilities. Additionally, there is an external patio area where a swimming pool was once located, offering further potential for enhancement. With local amenities and Hockley train station just a short walk away, this property provides both convenience and scope for investment or self-build aspirations, making it an exciting proposition for those looking to capitalize on its potential.

Investment Analysis

(SS5 area)

Above Market Value

This property is priced +21.6% above area average per sq ft

+21.6%
This Property
£483/sq ft
Area Average
£397/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£859,093
10% above area average per sq ft
Potential ROI
-19.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (SS5)

Area prices are rising by +6.6% over the last 12 months
3 year growth: -1.2%
5 year growth: +11.7%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,389
Based on a loan of £712,500 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.

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