A three-bedroom bungalow in one of the ‘prettiest villages’ in Essex is up for grabs for £1.1million.
The property extends across an area of 1,465 square feet, which includes a single open-plan living area as well as the three bedrooms and an entrance hallway.
If the asking price is achieved, it would equate to the buyer paying a punchy price of around £750 per square foot for the bungalow in the village of Matching Green.
That compares to an average price of £331 per square foot for the typical home in Britain, according to data from TwentyEA – and even higher than the average of £724 seen in inner London.
The detached three-bedroom bungalow is being sold with a guide price of £1.1million via Mullucks estate agents
The property itself extends across an area of 1,465 square feet, which includes a single open-plan living area
However, the property does come with ‘about one acre of land’ and boasts some far-reaching countryside views.
It also means it could appeal to developers who could seek to build a much large new property – or properties – on the land, subject to planning permissions.
The detached property is on Watery Lane in Matching Green and is called The Brewhouse.
The property sits in about an acre of land and boasts some far-reaching countryside views
The bungalow in the village of Matching Green has a large open-plan living area
The Brewhouse was originally a building that was part of nearby Watermans End Farmhouse, a late 16th century listed property.
The converted bungalow is now well-screened from that farmhouse by an established evergreen hedge.
The Brewhouse was converted for the present owner about a decade ago and been designed to a high standard.
There is a kitchen with integrated appliances and the main living space that is almost 42 feet long, which includes a wood burning stove and three sets of doors that lead to the terrace and garden.
The three bedrooms include one with an en-suite bathroom. There are two further shower rooms that adjoin the other two bedrooms.
The entrance hallway (pictured) includes an area that serves as a ‘utility room’
The Essex property is described as being in a ‘quiet location, set back from a minor road’
Outside the gardens and grounds are well established with some shrub boarders and two terraces.
The property is being sold with a guide price of £1.1million via Mullucks estate agents.
It described the property as being in a ‘quiet location, set back from a minor road with plenty of parking’.
The property is a short walk from the village of Matching Green, which has a restaurant and is described by the estate agent as ‘considered to be one of the prettiest Essex villages’.
It claims that the village has the largest village green in England.
Outside the gardens and grounds are well established with some shrub boarders and two terraces
The three bedrooms include one with an en-suite bathroom and two other bedrooms with show rooms
This shower room has a white suite with contrasting dark flooring and worktops
The bungalow also has good access to local transport links, including to the London Underground via Epping, which is around a 15 minute drive away.
There is also a mainline rail service from Harlow, which is nine miles away from the property, which runs to London’s Liverpool Street.
The average price of a property sold in Matching Green during the past 12 months is £925,000.
It compares to an average of £336,471 for the country as a while, according to Zoopla.
It is claimed that the village of Matching Green has the largest village green in England
For those looking to change the Essex bungalow for sale, North London estate agent Jeremy Leaf, suggested that many bungalows are bought for longer-term redevelopment.
He explained: ‘Bungalows are very much in short supply generally and therefore in demand, both for owner-occupation and development potential.
‘Many bungalows are bought for longer-term redevelopment. If you are interested in this, you should speak to a planning consultant in the area to see whether you are likely to be successful or not.
If the answer is yes, work out roughly what you could get on the plot – one big house, several smaller houses or a block of flats – and then look at the value you could generate.
‘If you buy something which doesn’t have planning permission, then you are looking at ‘hope’ value – what it would be worth should you eventually get planning for the proposed development, rather than actual value for the existing property.’
