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Pennymead, Harlow

East of England

£300,000

Listed on 30/06/2026

Property details

Bedrooms
2
Type
Terraced
Area
838 sqft

Description

This two-bedroom terraced house presents a promising opportunity for first-time buyers and investors alike, being offered without a chain. The property features an entrance hall that leads into a spacious lounge and a kitchen equipped with fitted wall and base units, providing ample workspace. Upstairs, you'll find two double bedrooms, along with a bathroom featuring a classic three-piece suite and an additional separate WC. The rear garden is predominantly laid to lawn, complemented by a patio area — ideal for outdoor enhancements. Notably, the property holds a valid HMO license for up to three rooms accommodating five occupants, offering significant investment potential. Additionally, there is scope for developing off-road parking pending planning approval. Located in the desirable Pennymead area near local shops and schools, this property may need some modernisation to unlock its full potential.

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Investment analysis

(CM20 area)

Below Market Value

This property is priced -6.7% below area average per sq ft

-6.7%
Potential saving
This Property
£358/sq ft
Area Average
£384/sq ft
Avg Rent (weekly)
£320
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£353,556
10% above area average per sq ft
Potential ROI
+8.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CM20)

Area prices are rising by +2.4% over the last 12 months
3 year growth: +0.9%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on CM20 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

Pennymead, Harlow
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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
£1,133
Based on a loan of £225,000 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

Next Steps

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