3 × 4-bed bungalow · SS5 4JY
For saleListed 10 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description A site of approx. 1.839 acres which is located within the Greenbelt with direct frontage onto Ironwell Lane, a single track road.
Previously the site operated as horticultural nursery with approx. 55,000 sq. ft of greenhouse space.
The nursery has been closed for several years and consent has been granted for the demolition of the existing buildings and the construction of 3 x 4 bedroom, detached, bungalows.
Location The site is located on the southern side of Ironwell Lane, a short distance from its junction with Rectory Road in the semi-rural village of Hawkwell and approx.
1.1 miles from Hockley Train Station. Viewings Strictly through Dedman Gray Commercial, the sole selling agents.
Terms The site is available for freehold purchase for which unconditional offers of £950,000 are sought.
Services We understand that mains electricity (3 phase), water and drainage are available although interested parties are advised to make their own enquiries to establish the existence and adequacy of such services.
Planning On 7th January 2026 (Ref: 25/00339/FUL) planning consent was granted for the demolition of the existing buildings and the construction of 3 x 4 bedroom bungalows including associated access, parking and landscaping.
The land has a Grey Belt designation.
Value & comps
No previous sales on record.
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 asking
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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
FAQ
About Ivanhoe Nurseries, Ironwell Lane, Hockley, SS5 4JY
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