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  • Refurbish/Develop

    Period Property in Essex, Braintree

    Hi all,

    I have come across a period property (1700's) in Braintree, Essex CM7. It is a 4 bed detached property. approx 1073sqft.

    I have fallen in love with the house but my lack of experience is giving me anxiety about it.. (I can get it at a good BMV through a contact).

    My main job is interior design, this would be my second investment property but the first that requires refurb. I can see the potential of spending some money to modernise areas of the property as it is in great condition and keeping some of the incredible period feautres and resell it. I am just concerned that my lack of knowledge in the area will mean this will become a passion project and not the right step in building my portfolio..

    The area also has a lot of large detached new builds for around 350K. (local agent said he could fetch uo to 390K for the period property)

    If anyone has any advice, tips or a can suggest local agents in Essex or  have knowledge/experience of the area would be so helpful...

    Thank you in advance!

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    Good morning over the years I  have refurbished many many listed building , You have to be very careful that’what appears on the surface to be a simple problem with the listed building can become much more complicated.

    Firstly whatever works you do you should obtain Listed Building Consent from the local authority they may not like what you intend to do and will not on some occasions let you do it.

    If it’s timber framed you really need to check that the plate which are the wooden timbers  that go round the base of the building ste in good condition if they are rotten which is very common  then you’ve got serious problems. 

     When investing in a property that you’re not going to live in remember that you have to look at it in a businesslike way not just because you like it and would like to live in it yourself .

    Listed buildings need constant maintenance and upkeep and as a long-term investment unless the capital growth is going to be very good and there is an instant profit once refurbished I would be very cautious

    The very  first thing you should be doing is seeking advice from a building surveyor as to the condition of the building. 

    Hope this helps and good luck
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