3 Bed Terraced House, Single Let, Stanford-le-Hope, SS17 8EU, £290,000

GIDEONS WAY, Stanford-Le-Hope, SS17 8EU - 3 views - 6 months ago

Sold STC

BTL

ROI: 4%

~93 m²

+5 photos

ValuationUndervalued

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£72,500£72,500
Stamp Duty & Legal Fees	£11,900£11,900
Total Cash In	£84,400£84,400

Cash Out
Rent Range	£1,450 - £1,850£1,450 - £1,850
Rent Estimate	£1,540
Running Costs/mo	£1,234£1,234
Cashflow/mo	£306£306
Cashflow/yr	£3,669£3,669
ROI	4%4%
Gross Yield	6%6%

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Local Rents

21 rents from £1.4K/mo to £1.9K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	03/25	0.03 mi	-	3	Terraced House
£1,850	01/25	0.03 mi	-	3	Terraced House
£1,700	09/24	0.18 mi	Sandringham Close, Stanford-Le-Hope	3	Terraced House
£1,800	03/25	0.26 mi	-	3	Terraced House
£1,450	09/24	0.29 mi	Monks Haven, Stanford-Le-Hope	3	Detached House
£1,650	02/25	0.31 mi	-	3	Terraced House
£1,850	02/25	0.39 mi	-	3	Semi-Detached House
£1,700	12/24	0.45 mi	-	3	Terraced House
£1,650	12/24	0.48 mi	-	3	Terraced House
£1,800	02/25	0.62 mi	-	3	Terraced House
£1,750	09/24	0.68 mi	Billet Lane, Stanford-Le-Hope	3	Detached House
£1,540	09/24	0.7 mi	Burton Close, Corringham, Stanford-Le-Hope, SS17	3	Terraced House
£1,540	09/24	0.7 mi	-	3	Terraced House
£1,700	09/24	0.81 mi	-	3	Semi-Detached House
£1,600	10/24	0.82 mi	-	3	Semi-Detached House
£1,550	09/24	0.91 mi	Fairview Avenue, Stanford-Le-Hope , SS17	3	Terraced House
£1,800	02/25	1 mi	-	3	Semi-Detached House
£1,750	02/25	1.01 mi	-	3	Semi-Detached House
£1,750	09/24	1.04 mi	Prospect Avenue, Stanford-le-hope	3	Detached House
£1,600	09/24	1.09 mi	St Margarets Avenue, Stanford Le Hope	3	Flat
£1,800	09/24	1.23 mi	Wentworth Road, Stanford-Le-Hope, Essex, SS17	3	Detached House

Local Area Statistics

Population in SS17	32,51832,518
Town centre distance	0.56 miles away0.56 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.84 miles away0.84 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+27%+27%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £290,000

September 18, 2024

Sold for £180,000

2021

Floor Plans

Description

Spacious Terraced Property +
3 Good Size Bedrooms +
Lounge +
Fitted Kitchen / Breakfast Room +
Bathroom / w.c. +
Double Glazing +
Gas Central Heating +
Garage To Rear +
Driveway To Front +
No Onward Chain +

--GUIDE PRICE--£290,000-£300,000--Offered for sale with no onward chain is this spacious 3 bedroom terraced property. Benefits include a lounge, fitted kitchen / breakfast room, bathroom, rear garden, garage, driveway to front and double glazing. Internal viewings recommended. Sought after cul de sac setting.

Entrance Hall; Approached via opaque double glazed door to front. Stairs leading to first floor landing. Fitted storage cupboard. Laminated flooring. Radiator.

Lounge; 14'6 x 11'6 Double glazed window to front. Laminated flooring. Coved ceiling. Radiator.

Fitted Kitchen / Breakfast Room; 17'6 x 10'8 >7'7 Double glazed double doors leading to rear garden. Double glazed window to rear. Range of fitted units with sink unit and drainer. Oven hob and extractor fan. Concealed boiler. Coved ceiling. Radiator.

Landing; Fitted airing cupboard. Access to loft.

Bedroom 1; 13'2 x 11'5 >8'8 Double glazed window to front. Fitted wardrobes. Radiator.

Bedroom 2; 12'2 x 11'4 >8'7 Double glazed window to rear. Radiator.

Bedroom 3; 10'2 >9'3 x 8'8 Double glazed window to front. Radiator.

Bathroom; Opaque double glazed window to rear. Panelled bath with shower above. Wash hand basin. Low level w.c. Heated towel rail. Tiled walls. Spot lights.

Front Garden; Pathway to entrance hall. Driveway to front with shingled area. Large storage rooms.

Rear Garden; Paved area. Rear access.

Garage; Approached via the rear. Up and over door.

Agent Details

Grant Allen Estate Agents, Grays

01375 390029

Next Steps?

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

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