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Wellands Close, Wickham Bishops, Witham, Essex CM8 - Image 1
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Wellands Close, Wickham Bishops, Witham, Essex CM8 - Image 3

Wellands Close, Wickham Bishops, Witham, Essex CM8

East of England

£450,000

Listed on 04/06/2026

Property Details

Bedrooms
3
Type
Bungalow

Description

Situated along a private road in the desirable village of Wickham Bishops, this detached bungalow presents a promising opportunity for renovation and modernization. The property offers a solid foundation with three spacious bedrooms and an inviting lounge area featuring a front-facing window and a distinctive fireplace. The kitchen/breakfast room is functional but in need of updates, providing ample storage with wall and base units, an integrated double oven, and access to the garden via an inner hallway that also includes a WC. Additional features include a generous rear garden with mature trees and shrubs, alongside off-road parking for multiple vehicles via an 'in and out' gravel driveway, complemented by a garage with both up-and-over and side access. This property not only requires updating throughout but also holds significant extension potential (subject to necessary planning consents), making it an appealing project for investors or homeowners looking to add value. Located just 12 miles from Chelmsford and close to local amenities, this is an excellent opportunity for those seeking to craft their ideal home in a semi-rural setting.

Investment Analysis

(CM8 area)
Area Average
£381/sq ft
Avg Rent (weekly)
£305
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CM8)

Area prices are falling by -6.3% over the last 12 months
3 year growth: -1.5%
5 year growth: +10.1%
Investment Disclaimer: Analysis based on CM8 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

Wellands Close, Wickham Bishops, Witham, Essex CM8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,700
Based on a loan of £337,500 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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