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East of England
£400,000
Listed on 18/09/2026
Listed on 18/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This two-bedroom detached bungalow in the desirable Lexden area offers a bright living space with a generous garden and potential for extension. While the property is well-maintained overall, it does require some cosmetic updates to fully realize its charm. The spacious living room, functional kitchen, and comfortable bedrooms provide a solid foundation for a renovation project.
However, the asking price of £400,000 comes in at £556 per square foot, which is significantly above the local average of £356 per square foot. This makes the price appear quite dear for the area. When factoring in the estimated renovation costs of £20,000 to £40,000, the all-in costs stretch beyond local benchmarks for this floor area, presenting a challenging economic position. The potential for improvement is clear, but buyers should carefully consider the financial implications before proceeding.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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