8 Bed HMO, Benfleet, SS7 5JN, £650,000

Fleet Road, South Benfleet, SS7 5JN - 23 views - 8 months ago

Sold STC
HMO
ROI: 8%
~248 m²
+13 photos

ValuationUndervalued

Sold Prices£350K - £1.2M
Sold Prices/m²£2.9K/m² - £8K/m²

 

 

Square Metres

~248 m²
Price/m²£2.6K/m²

Value Estimate

£786,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Total Cash In

£203,200

 

 

Cash Out

 

Room Rate

£685

Gross Rent

£5,480

Running Costs/mo

£4,140

Cashflow/mo

£1,340

Cashflow/yr

£16,080

ROI

8%

Gross Yield

10%

Local Sold Prices

52 sold prices from £350K to £1.2M, average is £512.5K. £2.9K/m² to £8K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£480K09/230.08 mi42, Hall Farm Road, Benfleet, Essex SS7 5JS4
£457K09/210.08 mi41, Hope Road, Benfleet, Essex SS7 5JQ4
£380K02/210.18 mi18, Hall Farm Road, Benfleet, Essex SS7 5JD4
£472.5K12/200.23 mi141, High Road, Benfleet, Essex SS7 5HY4
£548K11/210.23 mi171, High Road, Benfleet, Essex SS7 5HY4
£365K08/230.23 mi163, High Road, Benfleet, Essex SS7 5HY4
£365K08/230.23 mi163, High Road, Benfleet, Essex SS7 5HY4
£630K01/210.23 mi31, Vicarage Hill, Benfleet, Essex SS7 1PA4
£625K12/220.23 mi171, High Road, Benfleet, Essex SS7 5HY4
£595K04/210.24 mi36, Vicarage Hill, Benfleet, Essex SS7 1PB4
£675K09/210.28 mi17, Greenwood Avenue, Benfleet, Essex SS7 1LD4
£650K09/210.28 mi30, Queens Road, Benfleet, Essex SS7 1JW4
£570K09/210.3 mi5, Sidwell Chase, Benfleet, Essex SS7 1LE4
£482.5K04/230.31 mi36, Essex Way, Benfleet, Essex SS7 1LT4
£670K09/230.31 mi38, Essex Way, Benfleet, Essex SS7 1LT4
£670K02/210.34 mi35, Kings Road, Benfleet, Essex SS7 1JP4
£380K11/200.35 mi32, Woodham Park Drive, Benfleet, Essex SS7 5EH4
£364K06/210.37 mi51, Woodham Park Drive, Benfleet, Essex SS7 5EP4
£615K08/230.4 mi65, Vicarage Hill, Benfleet, Essex SS7 1PD4
£395K01/210.41 mi32, Swallow Drive, Benfleet, Essex SS7 5EN4
£915K05/210.45 mi118, Essex Way, Benfleet, Essex SS7 1LP4
£685K09/230.45 mi26, Thundersley Park Road, Benfleet, Essex SS7 1ET4
£505.6K01/230.49 mi90, Appleton Road, Benfleet, Essex SS7 5DE4
£510K09/230.5 mi11, Glyders, Benfleet, Essex SS7 1NU4
£472K11/230.5 mi7, Glyders, Benfleet, Essex SS7 1NU4
£510K01/210.5 mi46, Norwood Drive, Benfleet, Essex SS7 1LL4
£690K06/210.51 mi41, St Marys Road, Benfleet, Essex SS7 1NN4
£460K11/200.55 mi34, Benfleet Park Road, Benfleet, Essex SS7 5HJ4
£525K05/230.55 mi42, Benfleet Park Road, Benfleet, Essex SS7 5HJ4
£625K08/230.56 mi168, Cumberland Avenue, Benfleet, Essex SS7 1DY4
£495K02/240.59 mi382, High Road, Benfleet, Essex SS7 5HL4
£375K04/210.6 mi63, Philmead Road, Benfleet, Essex SS7 5DW4
£428.5K02/230.61 mi5, Wincoat Drive, Benfleet, Essex SS7 5AH4
£635K08/230.61 mi7, Wincoat Drive, Benfleet, Essex SS7 5AH4
£635K08/230.61 mi7, Wincoat Drive, Benfleet, Essex SS7 5AH4
£1.2M03/210.65 mi175, Vicarage Hill, Benfleet, Essex SS7 1PF4
£465K12/200.66 mi64, Cumberland Avenue, Benfleet, Essex SS7 5NY4
£750K06/230.67 mi8, Underhill Road, Benfleet, Essex SS7 1EW4
£472.5K01/210.67 mi143, Oakfield Road, Benfleet, Essex SS7 5NW4
£460K01/210.67 mi117, Oakfield Road, Benfleet, Essex SS7 5NW4
£517K07/210.69 mi162, Kimberley Road, Benfleet, Essex SS7 1DR4
£540K12/200.7 mi8a, Jotmans Lane, Benfleet, Essex SS7 5AX4
£487.5K09/230.7 mi14, Jotmans Lane, Benfleet, Essex SS7 5AX4
£425K11/230.7 mi96, Kimberley Road, Benfleet, Essex SS7 5NJ4
£515K01/210.71 mi22, Avondale Road, Benfleet, Essex SS7 1EJ4
£500K09/230.71 mi44, Avondale Road, Benfleet, Essex SS7 1EJ4
£560K10/230.73 mi164, Thundersley Park Road, Benfleet, Essex SS7 1EN4
£350K12/200.75 mi94, Clarence Road, Benfleet, Essex SS7 1DB4
£684.5K10/230.77 mi63, South View Road, Benfleet, Essex SS7 5NE4
£545K11/200.79 mi9, Elm View Road, Benfleet, Essex SS7 5AR4
£490K03/210.79 mi57, Elm View Road, Benfleet, Essex SS7 5AR4
£580K02/210.81 mi6, Avenue Road, Benfleet, Essex SS7 1HE4

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.57 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £650,000

August 9, 2024

Floor Plans

Description

  • Eight bedroom, six bathroom detached house +
  • Previously two separate semi-detached houses +
  • Unique property +
  • Offering huge scope and possibility for development to flats or an HMO +
  • Backing onto parkland +
  • Swimming pool +
  • Desirable South Benfleet location less than half a mile from Benfleet station +
  • NO ONWARD CHAIN +
  • EPC rating - D. Our ref: 15740 +

We are delighted to bring to the market with NO ONWARD CHAIN, this unique property currently configured as an eight bedroom, six bathroom detached house but formerly two separate semi-detached properties.

Situated in a desirable South Benfleet location, less than half a mile from Benfleet station and offering huge scope and possibility for development to flats or an HMO, this reverse plan property backs onto parkland, has a swimming pool and must be viewed to fully appreciate the potential of the accommodation on offer.

Accommodation as follows: 

ENTRANCE HALL Stairs to FIRST FLOOR ACCOMMODATION. Multiple doors off to: 

KITCHEN 10' 9" x 9' 2" (3.28m x 2.79m) Door to: 

UTILITY ROOM 10' 2" x 6' 5" (3.1m x 1.96m)  

BEDROOM 12' 3" x 11' 10" (3.73m x 3.61m) Door to: 

ENSUITE 8' 3" x 6' 5" (2.51m x 1.96m)  

BEDROOM 10' 4" x 9' 10" (3.15m x 3m) Door to: 

ENSUITE 7' 1" x 3' 6" (2.16m x 1.07m)  

BEDROOM 12' 9" x 11' 10" (3.89m x 3.61m) Door to: 

ENSUITE 8' 3" x 3' 9" (2.51m x 1.14m)  

BEDROOM 15' 7" x 9' 5" (4.75m x 2.87m) Door to: 

ENSUITE 5' 2" x 4' 9" (1.57m x 1.45m)  

STUDY/STUDIO 7' 9" x 5' 8" (2.36m x 1.73m)  

SHOWER ROOM  

SEPARATE W/C  

GARAGE Door to: 

POOL SHOWER ROOM  

FIRST FLOOR LANDING Doors to: 

KITCHEN/LOUNGE/FAMILY ROOM 25' 5" x 13' 4" (7.75m x 4.06m) Patio doors to SUN TERRACE. 

ADDITIONAL LOUNGE 25' 3" x 17' 2" (7.7m x 5.23m) Patio doors to BALCONY. 

BEDROOM 10' 6" x 9' (3.2m x 2.74m) Door to: 

ENSUITE 5' 7" x 5' 1" (1.7m x 1.55m)  

BEDROOM 12' 3" x 9' 8" (3.73m x 2.95m)  

BEDROOM 16' 2" x 16' 2" (4.93m x 4.93m)  

BEDROOM/STUDY 8' 0" x 7' 6" (2.44m x 2.29m)  

CLOAKROOM  

OUTSIDE OF PROPERTY To the FRONT of the property is a double garage with ample off street parking to the front.

The REAR GARDEN measures 62' x 80' and is West backing. With swimming pool.

Agent Details

Williams and Donovan, Benfleet

01268 755252

Next Steps?

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