3 Bed Bungalow, Refurb/BRRR, Basildon, SS13 2NT, £350,000

Lenham Way, Pitsea, SS13 2NT - 2 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£216K - £475K
Sold Prices/m²£2.5K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£316,813

 

 

End Value (After Refurb)

£342,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£45,600

Bridging Loan Interest

£9,188

Total Cash In

£160,738

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£342,500

Mortgage (After Refinance)

£256,875

Mortgage LTV

75%

Cash Left In

£160,738

Equity

£85,625

Rent Range

£1,450 - £1,900

Rent Estimate

£1,814

Running Costs/mo

£1,453

Cashflow/mo

£361

Cashflow/yr

£4,331

ROI

3%

Gross Yield

6%

Local Sold Prices

52 sold prices from £216K to £475K, average is £315.5K. £2.5K/m² to £5.2K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£340K08/210.06 mi35, Lenham Way, Pitsea, Basildon, Essex SS13 2NT3
£300K03/210.06 mi63, Delhi Road, Basildon, Essex SS13 2EQ3
£321K08/210.06 mi68, Delhi Road, Basildon, Essex SS13 2EQ3
£287K04/210.06 mi66, Delhi Road, Basildon, Essex SS13 2EQ3
£325K12/230.06 mi74, Delhi Road, Basildon, Essex SS13 2EQ3
£277K04/210.07 mi45, Crest Avenue, Basildon, Essex SS13 2EF3
£260K01/210.08 mi35, The Sycamores, Basildon, Essex SS13 2ET3
£300K06/210.08 mi1, The Sycamores, Basildon, Essex SS13 2ET3
£365K11/230.11 mi8, Little Charlton, Basildon, Essex SS13 2EJ3
£305K02/210.11 mi6, Manor Avenue, Basildon, Essex SS13 2AX3
£380K06/220.11 mi9, Kingsdown Close, Basildon, Essex SS13 2NU3
£355K07/230.12 mi1, Kingsdown Close, Basildon, Essex SS13 2NU3
£355K07/230.12 mi1, Kingsdown Close, Basildon, Essex SS13 2NU3
£365K11/220.13 mi12, Woodhays, Basildon, Essex SS13 2RB3
£290K12/230.13 mi59, Manor Avenue, Basildon, Essex SS13 2AU3
£330K01/230.14 mi29, The Willows, Basildon, Essex SS13 2ES3
£265K02/210.14 mi43, The Willows, Basildon, Essex SS13 2ES3
£265K12/200.14 mi107, St Marys Crescent, Basildon, Essex SS13 2AS3
£280K11/200.14 mi77, St Marys Crescent, Basildon, Essex SS13 2AS3
£310K02/210.14 mi18, St Marys Crescent, Basildon, Essex SS13 2AR3
£365K12/220.14 mi101, St Marys Crescent, Basildon, Essex SS13 2AS3
£380K05/240.16 mi17, St Marys Crescent, Basildon, Essex SS13 2AR3
£325K11/200.16 mi8, Delhi Road, Basildon, Essex SS13 2EH3
£325K07/230.18 mi4, Cadogan Terrace, Basildon, Essex SS13 2BQ3
£325K07/230.18 mi4, Cadogan Terrace, Basildon, Essex SS13 2BQ3
£375K08/220.2 mi19, Crown Avenue, Pitsea, Basildon, Essex SS13 2BE3
£375K09/210.22 mi5, Headcorn Close, Basildon, Essex SS13 2AP3
£345K03/210.22 mi12, Headcorn Close, Basildon, Essex SS13 2AP3
£255K07/210.23 mi6, Kenneth Road, Basildon, Essex SS13 2AT3
£270K06/230.23 mi14, Kenneth Road, Basildon, Essex SS13 2AT3
£475K10/220.23 mi30, Headcorn Close, Basildon, Essex SS13 2AP3
£280K12/230.23 mi73, Kenneth Road, Basildon, Essex SS13 2BW3
£216K04/230.24 mi15, Castle Walk, Pitsea, Basildon, Essex SS13 3RG3
£310K03/230.24 mi6, Castle Walk, Pitsea, Basildon, Essex SS13 3RG3
£237.5K10/200.24 mi7, Chatfield Way, Basildon, Essex SS13 2BN3
£290K07/210.24 mi13, Chatfield Way, Basildon, Essex SS13 2BN3
£325K03/230.25 mi12a, Winifred Road, Basildon, Essex SS13 3JG3
£255K10/200.25 mi1, Carlisle Way, Pitsea, Basildon, Essex SS13 3RF3
£250K12/200.25 mi59, Carlisle Way, Pitsea, Basildon, Essex SS13 3RF3
£250K11/200.26 mi22, Crown Avenue, Pitsea, Basildon, Essex SS13 2BE3
£280K12/200.26 mi11, Crown Avenue, Pitsea, Basildon, Essex SS13 2BE3
£285K09/230.26 mi10, Crown Avenue, Pitsea, Basildon, Essex SS13 2BE3
£330K02/230.26 mi10, Winifred Road, Basildon, Essex SS13 3JG3
£385K10/230.26 mi3, Throwley Close, Basildon, Essex SS13 2AW3
£277K03/210.26 mi25, Kenneth Road, Basildon, Essex SS13 2BW3
£300K05/220.26 mi17, Crown Avenue, Pitsea, Basildon, Essex SS13 2BE3
£290K08/210.26 mi31, Winifred Road, Basildon, Essex SS13 3JG3
£340K06/230.26 mi19, Winifred Road, Basildon, Essex SS13 3JG3
£330K07/230.27 mi11, Bodiam Close, Pitsea, Basildon, Essex SS13 3RA3
£337.5K02/240.27 mi5, Corfe Close, Pitsea, Basildon, Essex SS13 3RH3
£420K08/220.28 mi24, Rectory Road, Pitsea, Basildon, Essex SS13 2AD3
£435K02/230.28 mi17, Tanswell Avenue, Basildon, Essex SS13 3JL3

Local Rents

8 rents from £1.4K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,60009/240.2 miKenneth Road, Basildon, Essex, SS133
£1,85009/240.25 mi-3
£1,55009/240.25 miCarlisle Way, Pitsea, SS133
£1,60002/240.3 mi-3
£1,90001/250.34 mi-3
£1,70012/240.42 mi-3
£1,83004/250.47 mi-3
£1,45009/240.6 mi-3

Local Area Statistics

Population in SS13

22,057

Population in Basildon

105,369

Town centre distance

2.31 miles away

Nearest school

0.10 miles away

Nearest train station

0.83 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £350,000

September 12, 2024

Floor Plans

Description

  • 2/3 bedroom detached bungalow +
  • Third bedroom/dining room +
  • End of cul-de-sac +
  • In need of some modernisation +
  • Driveway and garage +
  • Near to Pitsea railway station +
  • Excellent road links +
  • NO ONWARD CHAIN +

Being offered for sale with No Onward Chain, is this 2/3 bedroom detached bungalow, in need of some modernisation, situated at the end of a cul-de-sac. Within close proximity of Pitsea station (C2C London Fenchurch Street), town centre and Eversley Leisure Centre, Park and excellent road links.

The front entrance door, under a covered porch, leads into the hallway with a large built-in storage cupboard. The lounge/dining room features a double glazed window to the side and access to the rear patio. There are three bedrooms - the third bedroom is currently being used as a dining room. There is a shower room and separate wc.

An independent driveway leads up to the garage. The garden is mainly lawned with wooden fencing to boundaries.

Agent Details

Beresfords, Billericay

01277 674326

Next Steps?

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