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Pennymead, Harlow CM20

East of England

£300,000

Listed on 03/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
838 sqft

Description

This two-bedroom terraced house presents an excellent opportunity for first-time buyers and investors alike, especially given its current HMO license allowing for up to five occupants. Offered chain-free, the property features a functional entrance hall that leads into a comfortable lounge and a kitchen equipped with fitted wall and base units. The upper level comprises two spacious double bedrooms along with a bathroom featuring a white three-piece suite and a separate WC. A noteworthy aspect is the potential to create off-street parking (subject to planning approval). The rear garden, primarily laid to lawn with an inviting patio area, offers further enhancement possibilities. Located in the desirable Pennymead area, you’ll find local shops and schools within easy reach, making it a convenient choice for both living and renting.

Investment analysis

(CM20 area)

Below Market Value

This property is priced -6.7% below area average per sq ft

-6.7%
Potential saving
This Property
£358/sq ft
Area Average
£384/sq ft
Avg Rent (weekly)
£320
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£353,556
10% above area average per sq ft
Potential ROI
+8.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CM20)

Area prices are rising by +2.4% over the last 12 months
3 year growth: +0.9%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on CM20 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

Pennymead, Harlow CM20
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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
£1,133
Based on a loan of £225,000 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.

Stamp duty calculator

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