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St. Michaels Lane, Braintree, CM7

East of England

£195,000Guide Price

Listed on 06/07/2026

Property details

Bedrooms
1
Type
Detached Bungalow

Description

This freehold detached property presents a significant development opportunity in a highly sought-after town centre setting. Ideal for cash buyers, this site is primed for transformation, with planning permission already granted for the construction of a one-bedroom dwelling, and an additional application pending for a two-storey one-bedroom unit. Currently devoid of internal accommodation, the property offers investors the chance to develop a bespoke residence or potentially commercial premises, subject to further planning approvals. This location in Braintree is particularly advantageous, making it an appealing prospect for those looking to maximize investment potential. An early viewing is highly recommended to explore the full capabilities this plot has to offer.

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Investment analysis

(CM7 area)
Area Average
£346/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CM7)

Area prices are stable by -0.2% over the last 12 months
3 year growth: -1.2%
5 year growth: +4.8%
Investment Disclaimer: Analysis based on CM7 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

St. Michaels Lane, Braintree, CM7
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Mortgage calculator

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£
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%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£737
Based on a loan of £146,250 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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