3 Bed Detached House, Refurb/BRRR, Benfleet, SS7 4AH, £385,000

75 Chesterfield Avenue, Benfleet, SS7 4AH - 8 months ago

Sold STC
Refurb/BRRR
96 m²
+10 photos

ValuationOvervalued

Sold Prices£272K - £580K
Sold Prices/m²£3.2K/m² - £7.5K/m²

 

 

Square Metres

96 m²
Price/m²£4K/m²

Value Estimate

£369,104

 

 

End Value (After Refurb)

£397,377

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£19,500

Refurb Costs

£46,986

Bridging Loan Interest

£10,106

Total Cash In

£174,593

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£397,377

Mortgage (After Refinance)

£298,033

Mortgage LTV

75%

Cash Released

£9,283

Cash Left In

£165,310

Equity

£99,344

Rent Range

£1,450 - £2,200

Rent Estimate

£1,647

Running Costs/mo

£1,591

Cashflow/mo

£56

Cashflow/yr

£670

ROI

0%

Gross Yield

5%

Local Sold Prices

51 sold prices from £272K to £580K, average is £355K. £3.2K/m² to £7.5K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£390K05/230.02 mi79, Chesterfield Avenue, Benfleet, Essex SS7 4AH3
£422.5K01/240.02 mi85, Chesterfield Avenue, Benfleet, Essex SS7 4AH3
£421K12/200.08 mi67, Chesterfield Avenue, Benfleet, Essex SS7 4AJ3
£480K07/230.08 mi16, Barncombe Close, Benfleet, Essex SS7 4AQ3
£420K01/230.11 mi43, Hazlemere Road, Benfleet, Essex SS7 4AF3
£307.5K12/200.13 mi129, Chesterfield Avenue, Benfleet, Essex SS7 3HR3
£345K04/210.19 mi14, Chesterfield Avenue, Benfleet, Essex SS7 4AY3
£525K08/230.19 mi68, Stanley Road, Benfleet, Essex SS7 3EN3
£410K06/230.22 mi136, Chesterfield Avenue, Benfleet, Essex SS7 3HW3
£320K06/210.22 mi309, London Road, Benfleet, Essex SS7 5XP3
£580K06/210.23 mi296, Church Road, Benfleet, Essex SS7 3HJ3
£580K06/210.23 mi296, Church Road, Benfleet, Essex SS7 3HJ3
£400K10/230.25 mi21, Thundersley Church Road, Benfleet, Essex SS7 3ES3
£410K08/230.27 mi7, Stanley Road, Benfleet, Essex SS7 3EL3
£360K01/240.27 mi24, Stanley Road, Benfleet, Essex SS7 3EL3
£320K05/210.28 mi5, Maytree Walk, Benfleet, Essex SS7 4BH3
£380K02/240.28 mi1, Chancel Close, Benfleet, Essex SS7 4ET3
£432.5K02/230.29 mi57, Meadway, Benfleet, Essex SS7 4HG3
£323K03/210.3 mi51, Meadway, Benfleet, Essex SS7 4HG3
£272K03/210.31 mi6, St Clements Close, Benfleet, Essex SS7 5XF3
£335K01/230.31 mi11, St Clements Close, Benfleet, Essex SS7 5XF3
£375K11/210.31 mi6, Downer Road North, Benfleet, Essex SS7 3EG3
£337.5K03/210.31 mi10, St Clements Crescent, Benfleet, Essex SS7 5XE3
£425K02/230.34 mi61, Gifford Road, Benfleet, Essex SS7 5XX3
£415K02/230.34 mi59, Eversley Road, Benfleet, Essex SS7 4JH3
£475K01/240.34 mi37, Stanway Road, Benfleet, Essex SS7 5UX3
£290K01/210.36 mi76, Eversley Road, Benfleet, Essex SS7 4JH3
£435K09/210.36 mi331, Kents Hill Road, Benfleet, Essex SS7 5XT3
£400K09/230.36 mi319, Kents Hill Road, Benfleet, Essex SS7 5XT3
£350K03/240.36 mi76, Moreland Avenue, Benfleet, Essex SS7 4HB3
£332K03/210.36 mi227, Manor Road, Benfleet, Essex SS7 4JD3
£335K04/230.36 mi219, Manor Road, Benfleet, Essex SS7 4JD3
£322K02/210.37 mi190, Manor Road, Benfleet, Essex SS7 4HY3
£358K02/230.37 mi6, Blyth Way, Benfleet, Essex SS7 4HD3
£360K03/230.38 mi128, Roseberry Avenue, Benfleet, Essex SS7 4JG3
£290K05/210.38 mi214, London Road, Benfleet, Essex SS7 5SJ3
£330K02/210.38 mi15, Blyth Way, Benfleet, Essex SS7 4HD3
£355K10/230.38 mi3, Blyth Way, Benfleet, Essex SS7 4HD3
£355K10/230.38 mi3, Blyth Way, Benfleet, Essex SS7 4HD3
£325K01/210.38 mi11, Kennington Avenue, Benfleet, Essex SS7 4BS3
£280K07/210.39 mi62, Felstead Road, Benfleet, Essex SS7 1BJ3
£400K02/230.39 mi53, Gifford Road, Benfleet, Essex SS7 5XX3
£336K03/210.39 mi64, Overton Road, Benfleet, Essex SS7 4HA3
£345K06/210.4 mi121, Roseberry Avenue, Benfleet, Essex SS7 4JF3
£305K11/200.41 mi36, Seamore Avenue, Benfleet, Essex SS7 4EX3
£330.5K12/200.43 mi7, Rosemead, Benfleet, Essex SS7 4JQ3
£300K05/210.43 mi30, Rosemead, Benfleet, Essex SS7 4JQ3
£355K11/220.43 mi94, Seamore Avenue, Benfleet, Essex SS7 4EZ3
£355K01/240.44 mi19, Lea Road, Benfleet, Essex SS7 5UU3
£335K04/230.44 mi102, Eversley Road, Benfleet, Essex SS7 4JT3
£420K02/210.44 mi50, Downer Road, Benfleet, Essex SS7 1BQ3

Local Rents

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

RentDateDistanceAddressBeds 
£1,55005/230.27 mi-3
£1,55005/230.29 mi-3
£2,20010/230.32 mi-3
£1,47507/240.46 mi-3
£1,80009/240.48 mi-3
£1,45008/230.57 mi-3
£1,45008/230.57 mi-3
£1,60011/240.57 mi-3
£1,55009/230.62 mi-3
£1,50009/240.72 miHigh Road, Benfleet3
£1,70009/240.74 miClifton Avenue, Benfleet3
£1,60009/240.79 miClarence Road, Benfleet3
£1,67509/240.83 miDorothy Gardens, Benfleet3
£1,60001/240.84 mi-3
£1,50012/241.03 mi-3
£1,60009/241.05 miHalle Mews Benfleet, Essex3
£1,85009/241.09 miGrove Road, Benfleet3

Local Area Statistics

Population in SS7

49,121

Town centre distance

1 miles away

Nearest school

0.20 miles away

Nearest train station

1.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £385,000

August 19, 2024

Floor Plans

Description

  • DETACHED HOUSE ON CORNER PLOT +
  • SPACIOUS LOUNGE +
  • SEPARATE DINING ROOM +
  • UTILITY ROOM +
  • GROUND FLOOR SHOWER ROOM +
  • DETACHED GARAGE +
  • ROBERT DRAKE CATCHMENT +
  • UPVC DOUBLE GLAZED AND PVC SOFFITS AND FASCIAS +
  • POPULAR LOCATION +
  • NO ONWARD CHAIN +

GUIDE PRICE £385,000 - £390,00. BUILT IN THE 1960'S AND OCCUPYING A CORNER PLOT A DETACHED THREE BEDROOM HOUSE IN THE ROBERT DRAKE CATCHMENT. Offering spacious accommodation which is in need of updating, however the property has been priced accordingly and is available with NO ONWARD CHAIN.

Entrance Hall - 3.76m x 1.83m (12'4 x 6) - UPVC door with leaded and stained glass window leading to spacious entrance hall, staircase to first floor with wrought iron balustrading, power points, electric storage heater, built in cupboard with consumer unit, telephone point.

Lounge - 5.00m x 3.66m (16'5 x 12) - Window and door to rear, coved and artex ceiling with ornamental ceiling rose, feature fireplace with gas point,

Dining Room/Sitting Room - 4.57m x 3.05m (15 x 10) - Full height picture window to front, coved and artex ceiling with two ornamental ceiling roses, electric storage heater, panelled glazed door and borrowed light window to kitchen.

Kitchen - 3.38m x 2.49m (11'1 x 8'2) - Window to front, fitted with range of oak style base and wall cupboards, drawer pack, gas cooker to remain with concealed extractor hood above, fitted worktops with splashback tiling, coved and artex ceiling, door to lobby with door leading to garden, loft access and two power points.

Utility Room - 1.55m x 1.40m (5'1 x 4'7) - Window to flank, wall gas boiler supplying hot water, fitted worktop with washing machine under to remain.

Shower Room - 1.96m x 1.40m (6'5 x 4'7) - White suite comprising of corner shower cubicle , close coupled wc, pedestal wash hand basin, chrome towel electric radiator, fully tiled walls.

Landing - Window to flank, linen cupboard, loft access.

Bedroom One - 5.00m x 3.05m (16'5 x 10) - Large window to front, electric storage heater.

Bedroom Two - 3.58m x 2.87m (11'9 x 9'5) - Window to rear, electric storage heater.

Bedroom Three - 2.74m x 2.01m (9 x 6'7) - Window to rear, electric storage heater.

Bathroom - 2.39m x 1.52m (7'10 x 5) - Window to flank, panelled bath with wall mounted independent shower unit with curtain and rail, close coupled wc, pedestal wash hand basin, coved and artex ceiling, fully tiled walls.

Rear Garden - 15.24m x 10.36m (50 x 34) - Fenced to boundaries, shed and summerhouse, two side entrances one with water tap and both with wrought iron gates, lawned area, flower beds, paved patio and block paved area to rear in front of garage.

Detached Garage - To rear of garden with access via Hazlemere Road.

Built 1960'S - Owned since new by original vendors.

Front Garden - large block Paved area with fencing to boundaries and inset flower beds, subject to planning the front garden could be utilised to create additional parking.

Council Tax Band D -

Agent Details

Countryside Estates, Countryside Estates

01268 203737

Next Steps?

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