3 Bed Semi-Detached House, Refurb/BRRR, Benfleet, SS7 1EG, £350,000

227 High Road, Benfleet, Essex, SS7 5HZ - 5 views - a year ago

Sold STC
Refurb/BRRR
ROI: 1%
~106 m²
+11 photos

ValuationFair Value

Sold Prices£280K - £550K
Sold Prices/m²£3.2K/m² - £8.1K/m²

 

 

Square Metres

~105.70 m²
Price/m²£3.3K/m²

Value Estimate

£353,500

 

 

End Value (After Refurb)

£440,417

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£51,734

Bridging Loan Interest

£9,188

Total Cash In

£166,871

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£440,417

Mortgage (After Refinance)

£330,313

Mortgage LTV

75%

Cash Released

£67,813

Cash Left In

£99,059

Equity

£110,104

Rent Range

£1,450 - £3,000

Rent Estimate

£1,838

Running Costs/mo

£1,764

Cashflow/mo

£74

Cashflow/yr

£889

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £280K to £550K, average is £380.5K. £3.2K/m² to £8.1K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£450K10/230.04 mi39, Thundersley Park Road, Benfleet, Essex SS7 1EG3
£315K11/230.04 mi11, Thundersley Park Road, Benfleet, Essex SS7 1EG3
£450K01/240.04 mi57, Thundersley Park Road, Benfleet, Essex SS7 1EG3
£350K12/200.08 mi78, Grove Road, Benfleet, Essex SS7 1JJ3
£369.5K01/240.16 mi34, Kents Hill Road, Benfleet, Essex SS7 5PL3
£405K12/200.19 mi193a, Oakfield Road, Benfleet, Essex SS7 1DT3
£380K06/210.19 mi173, Oakfield Road, Benfleet, Essex SS7 1DT3
£381K01/210.21 mi129, Thundersley Park Road, Benfleet, Essex SS7 1EL3
£457.5K04/230.25 mi148, Thundersley Park Road, Benfleet, Essex SS7 1EN3
£377.5K07/230.27 mi7, Clifton Close, Benfleet, Essex SS7 1DJ3
£540K01/230.28 mi72, Clarence Road, Benfleet, Essex SS7 1DB3
£357K11/200.28 mi98, Cumberland Avenue, Benfleet, Essex SS7 5PA3
£430K04/230.29 mi130, Oakfield Road, Benfleet, Essex SS7 5NN3
£395K01/210.3 mi35, Queens Road, Benfleet, Essex SS7 1JN3
£384K11/200.31 mi45, Underhill Road, Benfleet, Essex SS7 1EP3
£450K09/230.32 mi18, Hall Farm Road, Benfleet, Essex SS7 5JD3
£425K08/230.35 mi101, Kimberley Road, Benfleet, Essex SS7 5NH3
£350K11/230.35 mi129, Kimberley Road, Benfleet, Essex SS7 5NH3
£335K09/210.36 mi10, Felstead Close, Benfleet, Essex SS7 1BX3
£445K02/230.36 mi14, Greenoaks Close, Benfleet, Essex SS7 1HQ3
£330K06/210.38 mi22, Hope Road, Benfleet, Essex SS7 5JH3
£426K09/230.39 mi42, Hill Road, Benfleet, Essex SS7 1HL3
£340K05/210.4 mi3, Wincoat Close, Benfleet, Essex SS7 5AJ3
£375K10/210.4 mi90, Clifton Avenue, Benfleet, Essex SS7 5QU3
£550K06/230.42 mi19, Hillside Road, Benfleet, Essex SS7 1JR3
£415K06/210.43 mi15, Southwell Road, Benfleet, Essex SS7 1JB3
£375K05/210.44 mi33a, Hope Road, Benfleet, Essex SS7 5JQ3
£317.5K05/210.45 mi25, Merrivale, Benfleet, Essex SS7 5HQ3
£280K04/210.45 mi29, Merrivale, Benfleet, Essex SS7 5HQ3
£505K09/210.45 mi99, Underhill Road, Benfleet, Essex SS7 1ER3
£395K04/210.45 mi58, Fernlea Road, Benfleet, Essex SS7 1HD3
£415K04/210.46 mi10, Oakleighs, Benfleet, Essex SS7 5QT3
£340K05/210.46 mi11, Boyce View Drive, Benfleet, Essex SS7 5EA3
£325K06/210.46 mi37, Boyce View Drive, Benfleet, Essex SS7 5EA3
£523K01/240.48 mi41, Fleet Road, Benfleet, Essex SS7 5JL3
£367K03/210.5 mi31, Holtynge, Benfleet, Essex SS7 5QH3
£348K03/210.5 mi23, Curlew Drive, Benfleet, Essex SS7 5ET3
£325K04/210.51 mi19, Benfleet Park Road, Benfleet, Essex SS7 5HG3
£325K12/230.52 mi3, Denesmere, Benfleet, Essex SS7 5QS3
£300K03/210.53 mi17, Greenways, Benfleet, Essex SS7 5EG3
£330K02/210.54 mi56, Benfleet Park Road, Benfleet, Essex SS7 5HJ3
£395K07/230.55 mi4, St Marys Close, Benfleet, Essex SS7 5LJ3
£352K01/210.55 mi417, High Road, Benfleet, Essex SS7 5AG3
£430K05/230.56 mi9, Hall Farm Close, Benfleet, Essex SS7 5JP3
£320K03/210.56 mi7, Hall Farm Close, Benfleet, Essex SS7 5JP3
£425K12/200.59 mi6, Clifton Avenue, Benfleet, Essex SS7 5QG3
£375K04/230.6 mi3, Church Corner, Benfleet, Essex SS7 5LP3
£420K02/210.61 mi50, Downer Road, Benfleet, Essex SS7 1BQ3
£390K03/240.61 mi25, Downer Road, Benfleet, Essex SS7 1BQ3
£405K01/240.61 mi22, Bowers Road, Benfleet, Essex SS7 5PZ3

Local Rents

18 rents from £1.4K/mo to £3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,85009/240.06 miGrove Road, Benfleet3
£1,60009/240.17 miHalle Mews Benfleet, Essex3
£1,60009/240.24 miClarence Road, Benfleet3
£1,60001/240.29 mi-3
£1,70009/240.4 miClifton Avenue, Benfleet3
£3,00009/240.47 miVicarage Heights, Benfleet, Essex, SS73
£2,90009/240.48 miVicarage Heights, Benfleet3
£1,55005/230.74 mi-3
£1,50009/240.74 miHigh Road, Benfleet3
£1,55005/230.75 mi-3
£1,85001/250.76 mi-3
£2,20010/230.86 mi-3
£1,45008/230.87 mi-3
£1,45008/230.87 mi-3
£1,60011/240.87 mi-3
£1,67509/240.92 miDorothy Gardens, Benfleet3
£1,80009/241 mi-3
£1,47507/241.04 mi-3

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.14 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £350,000

February 12, 2024

Floor Plans

Description

  • 3 Bedroom Semi Detached Chalet Style Property +
  • Off Street Parking +
  • 23ft Lounge / Dining Room +
  • Conservatory +
  • Rear Garden +
  • Potential to extend +
  • Close to local shops and Amenities +
  • Within Walking Distance to Benfleet Mainline Train Station +

GUIDE PRICE £350,000 - £375,000. Offered for sale is this 3 Bedroom Semi Detached House, located in a Benfleet close to local shops and amenities. The property benefits from 3 bedrooms , Kitchen breakfast room, conservatory, 23ft Lounge and ground floor bathroom. The property is in need of some modernisation however offers a wealth of potential and is located in a sought after part of Benfleet close to Benfleet Mainline Train Station providing direct access to London.

Front Elevation - Commencing with a concreate driveway with brick wall to front boundary, remainder is laid to lawn with inset bushes and trees, access to front door via internal storm porch.

Hallway - Ceiling with coving, UPVC double glazed door to front, radiator, stairs leading to first floor doors leading to,

Ground Floor Bathroom / Wet Room - Tiling to walls, Obscured double glazed window to front, electric wall mounted power shower, low level w/c, wall mounted ceramic sink with hot and cold tap over. Wet room vinyl Flooring, door returning to hallway.

Kitchen - 2.64m x 2.06m (8'8 x 6'9) - Textured ceiling, double glazed window to side, kitchen comprises of a range of wall and base units with complimentary worktops over, inset stainless steel sink and drainer with chrome effect mixer tap over, built in double oven, built in electric hob with extractor hood over. Space and plumbing for washing machine, vinyl flooring open access to Dining Room.

Dining Room - 3.58m x3.00m (11'9 x9'10) - Smooth ceiling, double glazed window over looking rear garden, UPVC double glazed door leading to conservatory, radiator, carpeted flooring, built in storage cupboard, space for dining room table and chairs.

Lounge - 7.26m x 3.25m (23'10 x 10'8) - Textured coved ceiling, double glazed bay window to front, double glazed Patio doors leading to Conservatory, radiator x 2

Conservatory - 4.17m x 2.54m (13'8 x 8'4) - 3ply polycarbonate roof, double glazed window to rear, double glazed door leading to garden.

Landing - Stair rising from first floor, doors leading to

Bedroom One - 4.47m x 3.12m (14'8 x 10'3 ) - Double glazed window to front, built in wardrobes, radiator.

Bedroom Two - 3.45m x 2.18m (11'4 x 7'2) - Smooth ceiling, Double glazed window to side, radiator, built in storage into the eaves

Bedroom Three - 3.96m x 1.68m (13 x 5'6) - Smooth celling, double glazed window to rear, built in storage into the eaves

Rear Garden - Commencing with a paved patio area with concreate pathway leading to rear, laid lawn area, with established planting to flank. fencing to borders.

Agent Details

Aspire Estate Agents, Benfleet

01268 203954

Next Steps?

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