Mill Road, Maldon, CM9
East of England
£240,000
Listed on 29/09/2026
Listed on 29/09/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
893 sqftFeatures
- Garden
Description
This two-bedroom terraced house is situated on Mill Road, within reach of Maldon High Street, Promenade Park and local schools. The ground floor includes a large open-plan living room and kitchen, a separate dining room, and a rear lobby leading to a WC and the garden. Upstairs are two bedrooms and a generous bathroom with a bath and separate shower.
A long rear garden includes paved areas, shrub beds and two outbuildings or storage spaces. The property is described as requiring refurbishment and modernisation, with scope to update the accommodation and garden. The listing also notes side access via a right of way.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
71out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £240,000, this is a notably cheap acquisition against the local £/sqf benchmark: £269/sqf compared with £399/sqf. The 71/100 B grade reflects that strong entry price and the scope to create value, although the visible condition makes this a substantial project rather than a light update. The £30,000–£55,000 renovation range gives a sense of the work involved; the engine’s midpoint comparison is not a GDV and excludes stamp duty and fees.
There’s a useful canvas here: a generous open-plan living/kitchen space, separate dining room, ground-floor WC and a long garden with two outbuildings. Reworking the mixed, worn finishes and landscaping the garden could give the house a more coherent feel, while the generous bathroom already has both a bath and separate shower. The outbuildings’ condition warrants inspection, and bidding can take the hammer above the guide so the eventual price may not stay this cheap.
Key opportunities
- The large open-plan living/kitchen area and separate dining room offer scope to rethink the ground-floor flow and create a more cohesive main living space.
- The long rear garden and two outbuildings provide a substantial outdoor canvas for landscaping and improving the storage or utility of the rear plot.
- The asking price is 32.7% below the local £/sqf average, giving a compelling entry point for someone prepared to take on the work.
Key risks
- Stripped and incomplete-looking finishes across several internal areas, plus a neglected garden and deteriorated outbuildings, make this a full-project programme; allow for the £30,000–£55,000 works range and inspect the outbuildings.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£907
Based on a loan of £180,000 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.
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