# 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)