2-bedroom house · ME7 3TA
Listing removedReduced £50k (−7.7%) on 25 JunListed 194 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the highly sought-after Magdalen Close in Hempstead, this unique detached bungalow presents a rare opportunity to acquire a substantial home in an area where bungalows are seldom available.
Occupying a generous corner plot with a wrap-around garden, the property offers both privacy and excellent outdoor space, with convenient access to the garden from the front.
Extending to approximately 1,776 sq ft, the accommodation is both spacious and versatile.
Originally designed as a three-bedroom home, it is currently arranged as two bedrooms, providing larger room sizes, but can easily be reconfigured back to three bedrooms if desired.
The principal bedroom is particularly impressive, benefiting from an ensuite, a separate wash room, and a walk-in wardrobe.
The property further benefits from fresh carpets throughout, offering a ready-to-move-into feel, while still presenting significant scope for modernisation or extension (subject to planning permission), making it ideal for buyers looking to create their perfect home.
Externally, the home boasts a double garage with an electric up-and-over door, as well as the potential for additional parking.
The wrap-around garden enhances the sense of space and offers excellent potential for landscaping or further development.
Magdalen Close is ideally positioned for access to Hempstead Valley Shopping Centre, offering a wide range of retail and dining options.
The area is well regarded for its local schools, making it particularly attractive for families, while excellent road links provide convenient access towards London and the surrounding areas.
Mainline stations within easy reach also offer direct connections into London, ideal for commuters.
Offered to the market with no onward chain (probate to be granted), this is a rare chance to secure a spacious bungalow in a prime Hempstead location, with huge potential and long-term appeal.
Key terms Discover the allure of Rainham and Gillingham, nestled in the heart of the Medway Towns.
These neighbouring communities offer a unique blend of tranquillity and convenience, with picturesque landscapes and excellent transport links, including direct train services to London city centre.
Residents benefit from a variety of shopping destinations such as Hempstead Valley Shopping Centre and Gillingham Business Retail Park, along with a plethora of local pubs and restaurants to enjoy.
Both towns boast well-respected schools, including Rainham Mark Grammar, ensuring quality education for families.
Moreover, Rainham and Gillingham provide ample open space and recreational facilities, including Capstone Country Park, Berengrave Nature Reserve, Riverside Country Park, the Planet Ice Skating Rink, the Ski & Snowboard Centre, and Great Lines Heritage Park.
This abundance of amenities caters to diverse interests and lifestyles, making these towns not just places to live, but communities to thrive in.
Entrance (11' 9" x 10' 9" (3.57m x 3.28m)) Double glazed door to front. Water tap. Tiled flooring. Lounge (22' 8" x 17' 6" (6.92m x 5.34m)) Double glazed window to side. Electric heater. Carpet.
Three radiators. Dining Room (16' 10" x 12' 5" (5.13m x 3.79m)) Double glazed window to side. Sink. Carpet. Radiator. Conservatory (14' 11" x 6' 9" (4.54m x 2.07m)) Double glazed door to rear.
Double glazed surround with solid roof. Tiled flooring. Kitchen (15' 5" x 8' 9" (4.69m x 2.66m)) Double glazed window to side. Range of wall and base units with worksurface over. Gas hob. Sink.
Tiled flooring. Utility Room (12' 8" x 5' 6" (3.87m x 1.68m)) Double glazed window and door to side. Sink. Space for utilities. Tiled flooring.
Landing (6' 6" x 5' 8" (1.98m x 1.72m)) Walk-In wardrobe. Carpet. Radiator. Bedroom One (15' 3" x 14' 6" (4.66m x 4.43m)) Two double glazed windows to side. Carpet. Radiator.
Ensuite Lobby (5' 10" x 5' 9" (1.77m x 1.76m)) Two double glazed windows to side. Wash hand basin. Heated towel rail. Laminate flooring.
Ensuite (5' 8" x 5' 7" (1.73m x 1.71m)) Double glazed window to rear. Low level WC. Shower. Heated towel rail. Bedroom Two (15' 3" x 11' 5" (4.66m x 3.48m)) Double glazed window to side.
Built in wardrobe. Carpet. Radiator. Bathroom (8' 0" x 6' 5" (2.45m x 1.95m)) Double glazed window to side. Wall mounted WC. Wash hand basin. Bath. Radiator. Rear Garden Wrap around garden.
Side access. Slabbed area. Laid to lawn. Fenced in. Water tap. Garage (16' 11" x 16' 2" (5.15m x 4.92m)) Double glazed window to side. Electric up and over door. Wall mounted boiler. Water tap. Power.
Concrete flooring. Parking Block paved driveway to front.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 21, Magdalen Close, Hempstead
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