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School Lane, Great Leighs CM3

East of England

£450,000
Listed on 10/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This 1.1-acre plot presents a noteworthy renovation and investment opportunity, complete with detailed planning consent for the demolition of existing stables and the construction of a four-bedroom detached bungalow. The land, located just outside Great Leighs village, offers both tranquility and accessibility, being approximately 5.5 miles south of Braintree. Great Leighs features essential amenities such as local pubs, cafes, and a village hall, providing a sense of community while being close to larger urban conveniences. Braintree to the north is home to additional supermarkets and a railway station that connects directly to London Liverpool Street in about an hour. Furthermore, Chelmsford is just 7.5 miles to the south and offers further amenities along with rapid rail connections to London—making this location appealing for commuters and families alike. The site benefits from established access via School Lane and boasts a relatively flat topography. It currently accommodates stables, a menage, and paddocks, ensuring that the natural landscape can remain untouched during renovations. Surrounding thick hedges and fences provide privacy while offering stunning countryside vistas at the rear—a perfect backdrop for a new home. Approved planning consent was granted in July 2025 under reference 25/00978/ful by Chelmsford City Council, allowing for the construction of a modern bungalow complete with car parking and outdoor amenities. This makes it an attractive opportunity for those looking to invest in residential development or create their ideal home from the ground up. For those interested in exploring this potential further or seeking additional information about this property opportunity, please reach out to our land department to arrange a viewing or discuss options.

Investment Analysis

(CM3 area)
Area Average
£422/sq ft
Avg Rent (weekly)
£347
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CM3)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -0.5%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on CM3 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

School Lane, Great Leighs CM3
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Mortgage Calculator

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£
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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