3 Bed Bungalow, Refurb/BRRR, Benfleet, SS7 5RW, £325,000

High Road, Benfleet, SS7 5RW - 4 views - a year ago

Sold STC
Refurb/BRRR
Planning
ROI: 1%
~95 m²
+12 photos

ValuationUndervalued

Sold Prices£154K - £475K
Sold Prices/m²£2.3K/m² - £6K/m²

 

 

Square Metres

~95 m²
Price/m²£3.4K/m²

Value Estimate

£357,000
BMV2%

 

 

End Value (After Refurb)

£369,970

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£46,497

Bridging Loan Interest

£8,531

Total Cash In

£154,728

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£369,970

Mortgage (After Refinance)

£277,478

Mortgage LTV

75%

Cash Released

£33,728

Cash Left In

£121,000

Equity

£92,493

Rent Range

£1,450 - £2,200

Rent Estimate

£1,663

Running Costs/mo

£1,509

Cashflow/mo

£154

Cashflow/yr

£1,851

ROI

1%

Gross Yield

6%

Local Sold Prices

51 sold prices from £154K to £475K, average is £364K. £2.3K/m² to £6K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£332K05/230.07 mi25, Hatley Gardens, Benfleet, Essex SS7 5ST3
£322K06/210.09 mi11, Croft Road, Benfleet, Essex SS7 5RQ3
£324K05/210.09 mi19, Gowan Close, Benfleet, Essex SS7 5SE3
£370K11/230.09 mi23, Gowan Close, Benfleet, Essex SS7 5SE3
£327K06/210.09 mi17, Oakwood Close, Benfleet, Essex SS7 5SB3
£365K12/210.1 mi593, High Road, Benfleet, Essex SS7 5RZ3
£425K01/230.1 mi84, Southwold Crescent, Benfleet, Essex SS7 5SR3
£380K09/210.19 mi47, Croft Road, Benfleet, Essex SS7 5RL3
£375K08/210.2 mi48, London Road, Benfleet, Essex SS7 5TJ3
£360K02/230.2 mi78, London Road, Benfleet, Essex SS7 5TJ3
£335K02/210.22 mi19, Bouldrewood Road, Benfleet, Essex SS7 5UA3
£430K03/240.22 mi44, Bouldrewood Road, Benfleet, Essex SS7 5UA3
£340K01/210.22 mi5, Malwood Drive, Benfleet, Essex SS7 5TS3
£377.5K11/230.22 mi7, Malwood Drive, Benfleet, Essex SS7 5TS3
£270K01/210.22 mi55, London Road, Benfleet, Essex SS7 5TG3
£326K07/210.23 mi9, Lyndene, Benfleet, Essex SS7 4DZ3
£328K11/200.24 mi22, Romsey Crescent, Benfleet, Essex SS7 5TR3
£290K05/210.24 mi214, London Road, Benfleet, Essex SS7 5SJ3
£375K01/240.25 mi7, Romsey Drive, Benfleet, Essex SS7 5TU3
£395K09/230.27 mi3, Elgar Close, Benfleet, Essex SS7 4BZ3
£154K07/230.29 mi50, Louisa Avenue, Benfleet, Essex SS7 4DA3
£390K04/240.29 mi12, Romsey Road, Benfleet, Essex SS7 5TP3
£430K11/220.29 mi9, Romsey Close, Benfleet, Essex SS7 5UB3
£325K01/210.29 mi11, Kennington Avenue, Benfleet, Essex SS7 4BS3
£355K01/240.3 mi19, Lea Road, Benfleet, Essex SS7 5UU3
£330K03/240.31 mi28, Church Road, Benfleet, Essex SS7 4BW3
£475K01/240.33 mi37, Stanway Road, Benfleet, Essex SS7 5UX3
£425K12/200.34 mi6, Clifton Avenue, Benfleet, Essex SS7 5QG3
£325K12/230.35 mi3, Denesmere, Benfleet, Essex SS7 5QS3
£320K05/210.36 mi5, Maytree Walk, Benfleet, Essex SS7 4BH3
£272K03/210.37 mi6, St Clements Close, Benfleet, Essex SS7 5XF3
£335K01/230.37 mi11, St Clements Close, Benfleet, Essex SS7 5XF3
£367K03/210.37 mi31, Holtynge, Benfleet, Essex SS7 5QH3
£380K02/240.39 mi1, Chancel Close, Benfleet, Essex SS7 4ET3
£347K08/230.4 mi31, Albert Road, Benfleet, Essex SS7 4DJ3
£405K01/240.4 mi22, Bowers Road, Benfleet, Essex SS7 5PZ3
£415K04/210.41 mi10, Oakleighs, Benfleet, Essex SS7 5QT3
£305K11/200.42 mi36, Seamore Avenue, Benfleet, Essex SS7 4EX3
£367K11/230.42 mi76, Rushbottom Lane, Benfleet, Essex SS7 4DW3
£337.5K03/210.42 mi10, St Clements Crescent, Benfleet, Essex SS7 5XE3
£364K04/240.44 mi34, Ivy Road, Benfleet, Essex SS7 4DG3
£400K02/230.45 mi53, Gifford Road, Benfleet, Essex SS7 5XX3
£402K07/230.45 mi21, Overton Way, Benfleet, Essex SS7 4DR3
£402K07/230.45 mi21, Overton Way, Benfleet, Essex SS7 4DR3
£425K02/230.46 mi61, Gifford Road, Benfleet, Essex SS7 5XX3
£375K10/210.47 mi90, Clifton Avenue, Benfleet, Essex SS7 5QU3
£320K06/210.48 mi309, London Road, Benfleet, Essex SS7 5XP3
£345K04/210.49 mi14, Chesterfield Avenue, Benfleet, Essex SS7 4AY3
£435K09/210.49 mi331, Kents Hill Road, Benfleet, Essex SS7 5XT3
£400K09/230.49 mi319, Kents Hill Road, Benfleet, Essex SS7 5XT3
£336K03/210.5 mi64, Overton Road, Benfleet, Essex SS7 4HA3

Local Rents

11 rents from £1.4K/mo to £2.2K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,45008/230.05 mi-3
£1,45008/230.05 mi-3
£1,60010/240.05 mi-3
£1,50009/240.16 miHigh Road, Benfleet3
£1,80009/240.21 mi-3
£1,47507/240.26 mi-3
£2,20010/230.31 mi-3
£1,70009/240.47 miClifton Avenue, Benfleet3
£1,55005/230.53 mi-3
£1,55005/230.54 mi-3
£1,55009/230.59 mi-3

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.46 miles away

Nearest school

0.10 miles away

Nearest train station

1.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £325,000

December 4, 2024

Listed for £350,000

April 22, 2024

Floor Plans

Description

  • Close to local shops +
  • 95ft Garden! +
  • No onward chain! +
  • Driveway for 4+ cars with in & out driveway +
  • 3 double bedrooms +
  • In need of modernisation +
  • Large loft with skylight +
  • Potential to extend (subject to relevant planning permissions) +

Nestled in the heart of Benfleet, presenting this delightful 3-bedroom bungalow. Nestled conveniently close to local shops for all your daily needs, this property has a spectacular 95ft garden. With the added advantage of no onward chain, this bungalow offers a rare opportunity to create your dream home.

A 5-minute walk from shops, supermarkets and restaurants that sit just around the corner. There are a few parks to choose from around a 10-minute walk from the front door

Appleton School is only a 5-10-minute walk away (depending on little legs).

Benfleet Station taking you to Fenchurch Street in under and hour, is a short drive away, or a bus will take you straight there from the end of the road! Easy access to the A127 as well makes this position great for transport links!

Step into the home's inviting interior featuring three generously sized double bedrooms, ideal for families or those seeking extra space. While in need of modernisation, the property holds exciting potential with a large loft showcasing a skylight, and the possibility to extend (subject to relevant planning permissions). A driveway accommodating 4+ cars with an in and out design ensures parking convenience for all residents and guests, making this bungalow a true haven in a sought-after location.

Step outside and explore the vast outdoor space this property has to offer. A large front and side area present ample parking options, highlighting the in and out driveway that enhances accessibility and convenience for every-day living. The opportunity for outdoor gatherings, landscaping, or even the addition of a garden oasis becomes a reality with the generous outdoor space this bungalow provides.

Whether you envision a flourishing garden, a play area for children, or a serene retreat for relaxation, this property's outside space offers endless possibilities. Don't miss your chance to secure this unique bungalow and unlock the potential to craft a home that truly reflects your lifestyle.

Contact us today to schedule a viewing and take the first step towards making this property your own!

Agent Details

Nest in Essex, Rayleigh

01268 500988

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪