Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom semi-detached house · IG7 5ER
For saleListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale via Modern Method of Auction with a Buyers Reservation Fee Three-bedroom semi-detached Art Deco home requiring modernisation throughout Enviably sized plot with substantial extension potential, subject to planning permission Two reception rooms, kitchen, utility room, ground floor WC and three well-proportioned bedrooms Off-street parking, garage, terrace and a mature rear garden that is a particular feature of the property Faster timescales than a traditional private treaty sale, helping to reduce delays Bairstow Eves are pleased to offer to the market this three-bedroom semi-detached Art Deco home with off-street parking and a garage, set within an enviably sized plot.The property requires modernisation throughout and offers excellent potential for substantial extension, subject to the necessary planning permissions.
This naturally light and spacious home has retained much of its original period charm and is arranged as follows: The ground floor comprises an entrance hall, reception room, dining room, kitchen, utility room, and a ground floor WC.
To the first floor, there are three well-proportioned bedrooms, a family bathroom, and a terrace. Externally, the property benefits from off-street parking and a garage to the front.
The mature rear garden is a particular feature of the home, offering a generous outdoor space with plenty of potential for landscaping, entertaining, or further extension, subject to the relevant consents.
An internal viewing is highly recommended to fully appreciate the accommodation and potential on offer.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 38, Mount Pleasant Road, Essex
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