Sold STC Bungalow

Magdalene Lodge

WASH ROAD, BASILDON, ESSEX SS15 4AZ

2 beds 1 baths 77 m² Listed 14 Apr 2022 (-1511d)

£650,000

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# 2 bedroom bungalow for sale (SS15 4AZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | MAGDALENE LODGE, WASH ROAD, BASILDON, ESSEX SS15 4AZ |
| Price | £650,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | TBC |
| Last sold | £550,000 Sep 2022 |

## Description

Occupying approximately a one acre plot, is this two bedroom detached bungalow, which can be found on the edge of Noak Bridge.

The frontage is approximately 242’ wide and the depth of the plot is approximately 160’. Running along one boundary is a small brook.

The bungalow is 77m2/829sqft, has gas heating, some double glazed windows, two reception rooms, a conservatory and an outbuilding with power. As the property was built in the 1870's and is therefore over a century old, the current condition or structure may mean that the bungalow will only be suitable for cash buyers or low loan to value mortgages.

For the right person this could be a wonderful opportunity to unlock potential for replacement/enlargement to the existing structure and possibly incorporate a home business on the large plot.

Interested applicants are advised to contact Hilbery Chaplin to schedule a viewing appointment.

## Property Photos

- ![Picture No. 06](/listings/photos/122448986/214587) - Picture No. 06
- ![Plot](/listings/photos/122448986/214588) - Plot
- ![Picture No. 09](/listings/photos/122448986/214589) - Picture No. 09
- ![Picture No. 04](/listings/photos/122448986/214590) - Picture No. 04
- ![Picture No. 08](/listings/photos/122448986/214591) - Picture No. 08
- ![Picture No. 03](/listings/photos/122448986/214592) - Picture No. 03
- ![Picture No. 07](/listings/photos/122448986/214593) - Picture No. 07
- ![Picture No. 05](/listings/photos/122448986/214594) - Picture No. 05

## Floorplans

- ![Floorplan](/listings/photos/122448986/214595) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/122448986/214596) - EPC Rating Graph

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| MAGDALENE LODGE WASH ROAD, BASILDON, ESSEX, SS15 4AZ | £550,000 | 09/09/2022 | Detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] DANIELS FARM WASH ROAD, BASILDON, ESSEX, SS15 4AZ | £856,600 | 14/06/2023 | Other |

**Street average:** £856,600 (1 sale)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £478,733 (15 Detached, SS15, 2024–2026)
- **Deviation:** +35.8%

## Rental Range

*ONS Price Index of Private Rents (Basildon). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,262/mo
- **Realistic:** £1,402/mo
- **Optimistic:** £1,542/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for South West Essex (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £947/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Bridge Street, SS15 | £1,450/mo | 2 | 0.41 miles | OpenRent |
| 2 Bed Flat, Fore Street, SS15 | £1,350/mo | 2 | 0.52 miles | OpenRent |
| 2 Bed Mobile Home, Oak Lane, CM11 | £850/mo | 2 | 0.72 miles | OpenRent |
| 2 Bed Terraced House, Hampton Court, SS15 | £1,450/mo | 2 | 0.99 miles | OpenRent |
| 2 Bed Flat, Butneys, SS14 | £1,450/mo | 2 | 1.2 miles | OpenRent |
| 2 Bed Flat, Osier Drive, SS15 | £1,300/mo | 2 | 1.2 miles | OpenRent |
| 2 Bed Flat, Osier Drive, SS15 | £1,300/mo | 2 | 1.2 miles | OpenRent |
| 2 Bed Terraced House, Tangham Walk, SS14 | £1,450/mo | 2 | 1.21 miles | OpenRent |

**Average rent: £1,325/mo (8 listings)**

## 1% Rule

- **Rent ratio:** 0.22% (weak for cashflow)
- **Max investor price (0.8%):** £175,000
- **Target investor price (1%):** £140,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,400/mo).*

- **Gross yield:** 2.6%
- **Cost-to-rent:** 38.7×
- **Monthly cashflow:** £-1,325/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -8.4%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 6.8%
- **10y growth:** 20.1%

## House Price Index (HM Land Registry)

*Official index for Basildon; Detached series; as of March 2026.*

- **1y growth (index):** -1%
- **5y growth (index):** 13%
- **10y growth (index):** 35.1%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Picture No. 06 Plot Picture No. 09 Picture No. 04 Picture No. 08 Picture No. 03 Picture No. 07 Picture No. 05

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Property details

Tenure

FREEHOLD

Floor area

77 m²

Council tax band

TBC

Last sold

£550,000 Sep 2022

Local average

£478,733 (+35.8%)

Deprivation

Decile 3 (7,077 of 33,755)

Street crime

65 incidents within 1 mile (Mar 2026)

Key features

2 Bedrooms

Description

Occupying approximately a one acre plot, is this two bedroom detached bungalow, which can be found on the edge of Noak Bridge.

The frontage is approximately 242’ wide and the depth of the plot is approximately 160’. Running along one boundary is a small brook.

The bungalow is 77m2/829sqft, has gas heating, some double glazed windows, two reception rooms, a conservatory and an outbuilding with power. As the property was built in the 1870's and is therefore over a century old, the current condition or structure may mean that the bungalow will only be suitable for cash buyers or low loan to value mortgages.

For the right person this could be a wonderful opportunity to unlock potential for replacement/enlargement to the existing structure and possibly incorporate a home business on the large plot.

Interested applicants are advised to contact Hilbery Chaplin to schedule a viewing appointment.

Listed by

Laindon

Hilbery Chaplin Residential

Reference: 122448986

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address	Current	Potential	Floor area	Age band	Type
Magdalene Lodge, Wash Road, BASILDON	56	84	77 m²	England and Wales: before 1900	Detached

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

EPC Graphs

EPC Rating Graph

Price history

Event	Date	Price	% change
Sold	09/09/2022 (3 years ago)	£550,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
Same street DANIELS FARM WASH ROAD, BASILDON, ESSEX, SS15 4AZ	£856,600	14/06/2023	Other

Street average: £856,600 (1 sale)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 6.8%

10y growth 20.1%

House Price Index (HM Land Registry — official index, not sold-price averages): Basildon. Series: Detached. As of March 2026.

1y (index) -1%

5y (index) 13%

10y (index) 35.1%

Rental Range

Estimated market rent for Basildon. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,262/mo

Realistic £1,402/mo

Optimistic £1,542/mo

Based on Local Authority from postcode lookup → Basildon.

LHA (30th percentile) floor for South West Essex: £947/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View SS15 4AZ

Address

Wash Road

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Eastfield Road	0.2 miles
Shop	Reynolds Motor Group	0.4 miles
Shop	PRC Direct	0.5 miles
Train station	Basildon	1.7 miles
Train station	Laindon	2.2 miles
Hospital	Basildon University Hospital	2.4 miles
Hospital	Hutton Village Nursing Home	4.7 miles
University	Anglia Ruskin University, Writtle Campus	10.0 miles
University	Writtle School of Design	10.0 miles

Street-level crime

Category	Count
Violence and sexual offences	19
Anti-social behaviour	16
Criminal damage and arson	7
Other theft	7
Public order	5
Shoplifting	3
Drugs	2
Possession of weapons	2
Vehicle crime	2
Burglary	1
Other crime	1
Total incidents	65

Within 1 mile during Mar 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Noak Bridge Primary School	Primary	0.6 miles	Good — 13 Nov 2013
De La Salle School	Secondary	1.1 miles	Good — 21 Nov 2018
Laindon Park Primary School & Nursery	Primary	1.2 miles	Good — 19 Mar 2023
The Willows Primary School	Primary	1.2 miles	Good — 11 Jan 2016
Ghyllgrove Primary School	Primary	1.3 miles	— (Inspected (no overall grade))

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Flat, Bridge Street, SS15	£1,450/mo	2	0.41 miles	OpenRent
2 Bed Flat, Fore Street, SS15	£1,350/mo	2	0.52 miles	OpenRent
2 Bed Mobile Home, Oak Lane, CM11	£850/mo	2	0.72 miles	OpenRent
2 Bed Terraced House, Hampton Court, SS15	£1,450/mo	2	0.99 miles	OpenRent
2 Bed Flat, Butneys, SS14	£1,450/mo	2	1.2 miles	OpenRent
2 Bed Flat, Osier Drive, SS15	£1,300/mo	2	1.2 miles	OpenRent
2 Bed Flat, Osier Drive, SS15	£1,300/mo	2	1.2 miles	OpenRent
2 Bed Terraced House, Tangham Walk, SS14	£1,450/mo	2	1.21 miles	OpenRent

Average rent: £1,325/mo (8 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.22%

Max investor price (0.8%) £175,000

Target investor price (1%) £140,000

Gross yield 2.6%

Cost-to-rent ratio 38.7×

Monthly cashflow £-1,325/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -8.4%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

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