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Gernon Close, Broomfield CM1 - Image 1
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Gernon Close, Broomfield CM1

East of England

£450,000
Listed on 22/12/2025

Property Details

Bedrooms
4
Type
Detached house

Description

Located in a quiet residential area of Broomfield, this four-bedroom detached property on Gernon Close offers an exceptional opportunity for those looking to invest in a home with significant renovation potential. Situated near Broomfield Hospital, it provides a spacious layout that is ready for transformation into a modern living space tailored to personal taste. The ground floor consists of a sizeable lounge and a separate dining room, along with a kitchen and a convenient cloakroom. The first floor comprises four well-proportioned bedrooms and a family bathroom, making it ideal for family living. Additional features include a garage and off-road parking, enhancing the practicality of the home. This property is currently in need of updating, which presents an ideal scenario for buyers aiming to personalize their future home. Without any onward chain, this house could be the perfect project for those eager to create their dream residence in this family-friendly environment.

Investment Analysis

(CM1 area)
Area Average
£416/sq ft
Avg Rent (weekly)
£322
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CM1)

Area prices are rising by +10.3% over the last 12 months
3 year growth: 4.0%
5 year growth: 10.3%
Investment Disclaimer: Analysis based on CM1 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

Gernon Close, Broomfield CM1
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE