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 detached house · CM9 4RX
Sold STCListed 198 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Sale by informal tender.
Guide Price £475,000 - £525,000**Offers/bids by Thursday 14th May 2026 **Waterside Hidden Secret** Two ways is a traditional weather boarded 3-bed detached cottage tucked away behind a TRIPLE BARN GARAGE and sits within beautiful secluded gardens.
Just a stone's throw from Heybridge Basin sea lock, this 18th-century magnificent cottage combines rustic period charm with distinctive, white & black-painted timber structure and historical significance.
Whilst offered in well cared and much loved condition, Two ways cottage is in need of modern restoration with accommodation and character including; exposed beams, red brick fireplaces, two reception rooms, reception hallway, down stairs cloakroom/WC, gallery landing, three first floor bedrooms and bathroom.
Buyers should be aware this cottage has restricted head height and sloped ceilings in parts of the dwelling. For guidance and information, please ask a member of our team.
Viewings strictly by appointment only on the following dates:- Saturday 18th April from 12pm - Limited availability Friday 24th April from 12pm - Limited availability Saturday 2nd May from 12pm - Limited availability Tuesday 12th May from 4pm - Limited availability The grounds If you have a passion for gardening then Two Ways is the perfect choice for you.
The cottage sits in the centre of secluded mature grounds of approx. 120ft x 60ft.
The L' shape wrap around lawned garden is perfect for enjoying beautiful sunset views - creating a wonderful setting for relaxing evenings with family and friends.
Those sailing/engineering enthusiasts will love the opportunity to tinker around with vehicles & boats in the triple garage.
Heybridge Basin One of the area’s most desirable waterside village locations, adjacent to the Blackwater Estuary.
The village is renowned for its community neighbourhood, picturesque canal walks, sea wall paths, and vibrant waterside atmosphere, with charming tea rooms, pubs, and restaurants dotted along the waterfront.
Heybridge Basin is also home to the Blackwater Sailing Club, with the river providing a lively hub for sailing, boating, and water sports.
Across the water lies Northey Island, owned and managed by the National Trust, accessible from Maldon at low tide and offering a unique natural landscape to explore.
ACCOMMODATION COMPRISES (see floorplan for room measurements) Reception Hallway Stable entrance door. Door to sitting room and inner hallway. Tiled flooring. Sitting Room Dual box windows to front.
Radiator. Exposed brick fireplace. Exposed beams. Timber flooring. Lean To/Sun Room Door to front. Windows to side and rear. Kitchen Dual aspect windows to rear. Range of base and wall mounted units.
Porcelain sink with mixer tap, work tops, space for cooker, washing machine and fridge/freezer. Door to rear garden. Exposed beams, floor standing gas boiler (condition or age unknown).
Restricted head height. Cloakroom Window to rear. WC, wash hand basin. Restricted head height. Dining Room French doors to side. Exposed beams.
Inner Hallway Stairs to first floor, under stairs storage. Door to dining room and hallway. Opening to kitchen. Galleried Landing Window to side. Twin deep eaves storage. Restricted head height.
Bedroom One Dual aspect. Window to front and side. Radiator. Bedroom Two Dual aspect window to front and side. Radiator. Bedroom Three Window to front. Built in wardrobes. Restricted head height.
Secluded Mature Grounds Approx.120ft x 60ft. Front iron gates give access to a diverse mature lawn garden with wildflowers, established fruit trees, shrubs, and perennial borders, outside coach light.
The mature lawn continues to the side of the cottage side and to the rear. The rear garden commences with a paved patio area, green house, shed and enclosed boundaries.
Triple Barn Garage & Driveway Vertical barn doors. Door to rear. Side by side parking for 3 vehicles.
Tender Process Offers/bids for Two Ways, Lock Hill, Heybridge Basin should be submitted in writing by midday Thursday 14th May 2026.
We are inviting offers/tenders for cash buyers/ or buyers with sizeable deposits due to the age of the dwelling and it's non standard timber frame construction by Thursday 14th May 2026.
Buyers seeking to try and secure mortgage finance may require 50%+ of cash capital.
Timber constructed property involves stricter mortgage underwriting, specific survey requirements, and limitations on loan-to-value (LTV) ratios.
Buyers should consider seeking advise from surveyors/ or at least professional tradesman with period property experience prior to tendering.
Tenders should be addressed to:- C/O Ryan Holden, Director of Holden Estate Agents Ltd, 15 High Street, Maldon, CM9 5PE Guide Price for the freehold interest is £475,000.
The following conditions apply:- 1.All offers/bids will be subject to contract.
And it is assumed that prospective purchasers will have satisfied themselves as to the condition & structural integrity of the property and to other relevant matters. 2.State your buying position?
Sold, nothing to sell, property to sell, cash unencumbered etc.
3.Due to the "timber frame construction" prospective purchasers attempting to seek part finance must obtain FULL confirmation in writing from their bank or building society of an agreement to lend on the property, taking into account its age, non standard construction and renovation condition.
4.Confirm cash funds by way of bank statement, including any gifted funds via 3rd parties.
5.Confirmation of cash funding should be provided by way of a statement/ or supporting letter from your appointed solicitor/ or bank/building society.
6.Any plans shown on the particulars of sale are based on the ordnance survey extract and are for reference purposes only.
Any error shall not annul or entitle either party to compensation in respect thereof. Prospective purchasers shall be deemed to have satisfied themselves as to the description of the property.
7.Offers/Bids should be made on behalf of a named purchaser in a specific sum. An uneven figure will minimise the risk of identical bids.
8.The full name, address, telephone numbers and email of the prospective purchasers solicitor to be provided. 9.Buyers should be aware probate is awaited. Property Information Council Tax Band: E.
Energy rating: Awaited. Tenure: Freehold Utilities: We understand main drainage, water, electric and gas are connected to the property.
Agents Disclaimer We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All measurements have been taken as a guide to prospective buyers only and are not precise. Please be advised that some of the particulars may be awaiting vendor approval.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Fixtures and fittings other than those mentioned are to be agreed with the seller.
Anti-Money Laundering (AML) Compliance In accordance with UK Anti-Money Laundering regulations, Holden are legally required to verify the identity of all purchasers before a property transaction can proceed.
To assist with this process, we use an independent verification provider who carries out the necessary identification checks on our behalf.
A verification fee of £24 per purchaser (including VAT) will apply. These checks must be completed and successfully verified before we are able to progress with the purchase.
Third Party Referrals From time to time we may suggest local professionals such as solicitors, mortgage advisers or other property specialists who may assist with your move.
Where a recommendation is made, it is based on our experience of working with those companies. In some cases, Holden may receive a referral fee of up to £150 should you choose to use their services.
You are under no obligation to use any recommended provider and are free to select any professional of your choice.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Lock Hill, Heybridge Basin, Maldon, Essex
Explore nearby