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Magnolia Close, Witham, Essex CM8

East of England

£280,000

Listed on 03/07/2026

Property details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terraced house in Witham presents an excellent opportunity for those looking to invest in a property with considerable renovation potential. While the home requires some updating, it serves as a blank canvas ready for creativity and personalization to suit individual tastes and lifestyles. Upon entry, the reception room offers a reasonably spacious area that can be remodeled for both relaxation and entertaining, allowing for a modern overhaul with thoughtful design choices. The kitchen, which needs refurbishment, has the potential to evolve into an inviting culinary space tailored for today's living requirements. The first floor features three well-sized bedrooms, ideal for families or anyone needing additional space for work or guests. Each room is primed for redecoration and updates. The inclusion of a separate WC and family bathroom highlights areas ripe for modernization, enabling you to create stylish and functional amenities. An integrated garage room stands out as an exceptional feature of this property; it could be reimagined into a second reception area, home office, gym space, or utility area following appropriate planning permissions. This extra room adds versatile value and flexibility to the home's layout. Outside, the property offers driveway parking—an invaluable asset that enhances convenience—and a private garden at the rear which requires some landscaping but holds vast potential for creating an enjoyable outdoor retreat. This space invites possibilities from gardening to outdoor dining. Situated in Witham, the house benefits from close proximity to local shops, schools, and leisure facilities. The town is well-known for its efficient transport links including direct train services to London Liverpool Street, making it particularly appealing to commuters. Access to major roads like the A12 further increases its attractiveness. Overall, this terraced house not only represents a promising investment opportunity but also allows buyers to add substantial value through renovations. Its solid foundation coupled with an excellent location makes it an enticing prospect that should not be missed.

Investment analysis

(CM8 area)
Area Average
£377/sq ft
Avg Rent (weekly)
£309
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CM8)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -3.2%
5 year growth: +6.3%
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

Magnolia Close, 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
£1,058
Based on a loan of £210,000 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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