4 Gardiners Cottage, Gardiners Lane North, Crays Hill, Billericay, Essex

Description

Freehold detached house with garage and gym in a popular semi-rural location. Presented in good order throughout, with outbuildings including a summer house, home office/gym and garage, plus ample driveway parking.

Accommodation

Entrance lobby; sitting room: 12'5" x 11'2"; lounge: 13'2" x 10'3"; kitchen/diner: 21'8" x 10'; four bedrooms; ensuite WC to master bedroom; bathroom/WC; landing. Externally: large driveway, detached garage: 16'1" x 9'7"; home office/gym: 16'1" x 15'6" with separate WC; garden room with mezzanine floor and separate WC.

Location

Popular semi-rural location in Crays Hill, Billericay, Essex.

Tenure / Property Information

Tenure	Freehold
EPC	Current Rating D
Parking	Large driveway providing standing space for numerous cars; detached garage.
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

The £445,000 guide is broadly anchored by the same-named Gardiners Cottage sale at £440,000 in October 2019, but that sale is dated and no current formal valuation is supplied. Oakmead at £875,000 is not assumed comparable without further evidence. The property is described as a good-order four-bedroom detached freehold house with substantial ancillary outbuildings, but current market value remains uncertain.

Investment Snapshot

Guide Price	£445,000 (plus fees)
HB Estimated GDV	£445,000

Strategy Recommendation

Treat primarily as a potential owner-occupier purchase rather than an investment-led acquisition. Do not rely on BTL or BRRR returns without verified rent, full legal-pack review, physical inspection and a confirmed current valuation.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, compliance checks and any buyer-defined maintenance or updating only after physical inspection and review of the legal pack.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Oakmead, Gardiners Lane North, Crays Hill, Billericay, Basildon, Cm11 2xe 2024-10-18 · Detached · Freehold	£875,000
Gardiners Cottage, Gardiners Lane North, Crays Hill, Billericay, Basildon, Cm11 2xe 2019-10-18 · Detached · Freehold	£440,000
Gardiners Cottage, Gardiners Lane North, Crays Hill, Billericay, Basildon, Cm11 2xe 2011-07-29 · Detached · Freehold	£390,000
Sylvan Rest, Gardiners Lane North, Crays Hill, Billericay, Basildon, Cm11 2xe 2006-12-07 · Detached · Freehold	£402,500
The Warren, Gardiners Lane North, Crays Hill, Billericay, Basildon, Cm11 2xe 2001-07-31 · Detached · Freehold	£150,000

Potential BRRR Position

Base GDV	£445,000
75% Refinance	£333,750

Using the £445,000 base GDV, a 75% refinance is approximately £333,750. This is £113,650 below the guide plus the stated £2,400 buyer and admin charges, before any works or other costs, so a cash-out BRRR outcome is not supported. Total project cost cannot be established because refurbishment, legal disbursement and finance costs are unknown.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. At the £445,000 guide, the known £2,400 buyer premium and admin charge bring the purchase cost to £447,400 before any works, disbursements, finance, tax or other costs.

Flip Analysis

A flip surplus cannot be quantified because refurbishment costs and selling costs are not supplied. At the guide, the base GDV is approximately equal to the purchase price, while the stated £2,400 buyer and admin charges already create a negative margin before works, selling costs, finance and tax.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence is available, preventing a reliable BTL yield assessment.

• The only same-named comparable supplied is a 2019 sale and may not represent current value.

• No refurbishment budget is supported despite the need to assess the house, garage, gym, summer house, office and garden room.

• The stated buyer premium and admin charge total £2,400 before other possible legal-pack disbursements and purchaser costs.

• Potential legal-pack disbursements, seller-cost reimbursements, search fees, legal fees and transfer fees are not quantified.

• A 75% refinance of the estimated GDV would not recover the guide price plus the stated buyer and admin charges.

Recommendation

Treat primarily as a potential owner-occupier purchase rather than an investment-led acquisition. Do not rely on BTL or BRRR returns without verified rent, full legal-pack review, physical inspection and a confirmed current valuation.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low-Medium

The description, tenure, guide, stated fees and historic sold evidence are available, but there is no rental evidence, current formal valuation, detailed condition survey, occupancy information, council tax, heating information or quantified works budget.