Garage Site Between 69 & 71 Greenway, Billericay, Essex, CM11 2JP
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Garage Site Between 69 & 71 Greenway, Billericay, Essex, CM11 2JP

By Strettons Auctions

£ 250,000

Reviews

3 out of 5 stars

Strettons Auctions says ..

FOR SALE BY AUCTION ON 20th February at 12:00 £250,000 plus FREEHOLD SITE WITH PLANNING PERMISSION FOR 6 X 2 BEDROOM HOUSES

Property Oracle says ..

This property is a garage site located in Billericay, Essex, listed for sale at £250,000. The site is currently comprised of several dilapidated garages, showing signs of disrepair including graffiti and overgrowth. The images showcase the visibly poor condition of the existing structures. The property does not currently contain any finished dwelling(s). However, the property boasts a large plot of land, as evidenced by the provided site plans. This plan also indicates the potential for development into multiple residential units. The location offers close proximity to several well-regarded primary schools and Billericay train station, suggesting good access to education and transportation. However, the property’s current condition necessitates substantial investment in demolition and redevelopment. This redevelopment would also require planning permission. The final value will greatly depend on the planning permission being successfully secured, and the type of development undertaken. Therefore, interested buyers should carefully consider the significant costs and challenges involved in the redevelopment before making an offer. Due to the lack of sales comparable data the price has been assessed based on the surrounding house prices and the relative potential value of the land.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
3
Location
7
Land
8
Bedrooms
0
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
782,800.00 £
Increased by 41.28 %
from 554,076.00 £
Average area rental value
2,142.00 £/mo
Increased by 48.96 %
from 1,438.00 £/mo
Est rental Yield
3.28 %
Increased by 5.47 %
from 3.11 %
Crime Rate
28.00 %
Unchanged by 0.00 %
from 28.00 %

Agent Activity

  • Strettons Auctions created the listing.

Nearby Schools

NameTypeOfstedDistance
Sunnymede Infant SchoolFoundation SchoolGood0.44 KM
Sunnymede Junior SchoolFoundation SchoolGood0.54 KM
Ramsden Hall AcademyAcademy Special Sponsor LedRequires improvement1.41 KM
St Peter'S Catholic Primary SchoolAcademy Converter1.53 KM
South Green Infant SchoolFoundation SchoolGood1.82 KM

Images

NOT TO SCALE FOR INFORMATION ONLY © ES100004608 Proposed Site Plan Proposed Front Elevation Proposed Rear Elevation Proposed Ground Floor Proposed First Floor

Nearby Streets

NameAverage PriceAverage SqftDistance
Outwood Farm Road £ 000.00 KM
The Mount £ 675,00000.00 KM
The Courtyard £ 650,00000.00 KM
Greens Farm Lane £ 000.00 KM
Redwing Drive £ 415,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Billericay6871BIC2.35 KM
Laindon7445LAI6.53 KM
Basildon7494BSO6.54 KM
Ingatestone6882INT7.74 KM
Wickford6891WIC8.88 KM

Nearby Listings

AddressPriceTypeScoreDistance
Greenway, Billericay, Essex, CM11 £ 300,000BUY7 / 100.10 KM
Salesbury Drive, Billericay £ 350,000BUY7 / 100.13 KM
Salesbury Drive, Billericay £ 375,000BUY7 / 100.13 KM
Salesbury Drive, Billericay £ 365,000BUY7 / 100.14 KM
Outwood Common Road, Billericay, Essex, CM11 £ 350,000BUY5 / 100.17 KM

Nearby Properties

AddressPriceDistance
3 Ash Green £ 327,0000.08 KM
2 Ash Green £ 334,0000.08 KM
8 Ash Green £ 345,0000.08 KM
12 Ash Green £ 157,7500.10 KM
41 Greenway £ 175,0000.10 KM