3 Bed Semi-Detached House, Planning Permission, Stanford-le-Hope, SS17 9BL, £400,000

15 Clarence Road, Stanford-le-hope, Thurrock, SS17 9BL - 2 views - 5 months ago

Sold STC
Planning
108 m²
+16 photos

ValuationUndervalued

Sold Prices£285K - £555K
Sold Prices/m²£3.3K/m² - £7.5K/m²

 

 

Square Metres

108 m²
Price/m²£3.7K/m²

Value Estimate

£429,250
BMV1%

 

 

End Value (After Refurb)

£455,844

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£53,419

Bridging Loan Interest

£10,500

Total Cash In

£188,369

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£455,844

Mortgage (After Refinance)

£341,883

Mortgage LTV

75%

Cash Released

£41,883

Cash Left In

£146,486

Equity

£113,961

Rent Range

£764 - £2,250

Rent Estimate

£1,451

Running Costs/mo

£1,735

Cashflow/mo

£-284

Cashflow/yr

£-3,405

Gross Yield

4%

Local Sold Prices

52 sold prices from £285K to £555K, average is £380K. £3.3K/m² to £7.5K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£340K02/230.12 mi26, Digby Road, Corringham, Stanford-le-hope, Thurrock SS17 9BS3
£450K02/230.15 mi11, Recreation Avenue, Corringham, Stanford-le-hope, Thurrock SS17 9BZ3
£330K09/230.16 mi39, Fobbing Road, Corringham, Stanford-le-hope, Thurrock SS17 9BG3
£475K06/210.18 mi74, Digby Road, Corringham, Stanford-le-hope, Thurrock SS17 9BT3
£450K04/240.18 mi46, Digby Road, Corringham, Stanford-le-hope, Thurrock SS17 9BT3
£285K12/200.19 mi16, Burrs Way, Corringham, Stanford-le-hope, Thurrock SS17 9DE3
£325K07/230.19 mi40, Burrs Way, Corringham, Stanford-le-hope, Thurrock SS17 9DE3
£365K07/230.19 mi25, Burrs Way, Corringham, Stanford-le-hope, Thurrock SS17 9DE3
£325K07/230.19 mi40, Burrs Way, Corringham, Stanford-le-hope, Thurrock SS17 9DE3
£365K07/230.19 mi25, Burrs Way, Corringham, Stanford-le-hope, Thurrock SS17 9DE3
£325K04/240.19 mi20, Burrs Way, Corringham, Stanford-le-hope, Thurrock SS17 9DE3
£348K12/220.21 mi59, Larkswood Road, Corringham, Stanford-le-hope, Thurrock SS17 9DF3
£315K08/210.21 mi46, Larkswood Road, Corringham, Stanford-le-hope, Thurrock SS17 9DF3
£295K08/210.21 mi80, Larkswood Road, Corringham, Stanford-le-hope, Thurrock SS17 9DF3
£340K10/230.21 mi42, Larkswood Road, Corringham, Stanford-le-hope, Thurrock SS17 9DF3
£375K08/230.21 mi23, Larkswood Road, Corringham, Stanford-le-hope, Thurrock SS17 9DF3
£425K07/210.25 mi14, Lampits Hill, Corringham, Stanford-le-hope, Thurrock SS17 9AN3
£380K09/210.26 mi8, Sheldon Close, Corringham, Stanford-le-hope, Thurrock SS17 9DA3
£450K02/230.28 mi134, Digby Road, Corringham, Stanford-le-hope, Thurrock SS17 9BU3
£440K04/230.28 mi110, Digby Road, Corringham, Stanford-le-hope, Thurrock SS17 9BU3
£360K01/230.29 mi107, Digby Road, Corringham, Stanford-le-hope, Thurrock SS17 9BU3
£435K10/230.32 mi1, Beechcombe, Corringham, Stanford-le-hope, Thurrock SS17 9DN3
£380K08/210.34 mi6, Tripat Close, Stanford-le-hope, Thurrock SS17 9JT3
£450K03/210.34 mi15, Kenwood Road, Corringham, Stanford-le-hope, Thurrock SS17 9AY3
£500K03/210.34 mi7, Kenwood Road, Corringham, Stanford-le-hope, Thurrock SS17 9AY3
£330K02/210.37 mi5, The Avenue, Fobbing, Stanford-le-hope, Thurrock SS17 9JG3
£425K04/230.38 mi37, Kersbrooke Way, Corringham, Stanford-le-hope, Thurrock SS17 9EN3
£347.5K03/210.39 mi64, Giffords Cross Road, Corringham, Stanford-le-hope, Thurrock SS17 7QQ3
£390K06/210.4 miDacia, High Road, Fobbing, Stanford-le-hope, Thurrock SS17 9JJ3
£330K04/210.42 mi28, Woodbrooke Way, Corringham, Stanford-le-hope, Thurrock SS17 9DP3
£406.8K07/210.42 mi34, Woodbrooke Way, Corringham, Stanford-le-hope, Thurrock SS17 9DP3
£415K01/240.42 mi54, Woodbrooke Way, Corringham, Stanford-le-hope, Thurrock SS17 9DP3
£345K05/210.42 mi43, Elmstead Close, Corringham, Stanford-le-hope, Thurrock SS17 9EL3
£410K03/210.44 mi91, Lampits Hill, Corringham, Stanford-le-hope, Thurrock SS17 9AB3
£370K11/200.46 mi112, Thames Crescent, Corringham, Stanford-le-hope, Thurrock SS17 9DZ3
£430K11/200.46 mi43, Giffords Cross Avenue, Corringham, Stanford-le-hope, Thurrock SS17 7NH3
£360K06/210.46 mi51, Giffords Cross Avenue, Corringham, Stanford-le-hope, Thurrock SS17 7NH3
£450K03/210.47 mi22, Central Avenue, Corringham, Stanford-le-hope, Thurrock SS17 7PH3
£385K05/210.49 mi39, Ashway, Corringham, Stanford-le-hope, Thurrock SS17 9EB3
£450K03/210.5 mi9, Woodbrooke Way, Corringham, Stanford-le-hope, Thurrock SS17 9DR3
£320K06/210.5 mi3, Wheatley Road, Corringham, Stanford-le-hope, Thurrock SS17 9EQ3
£425K08/230.5 mi4, Wheatley Road, Corringham, Stanford-le-hope, Thurrock SS17 9EQ3
£525K03/230.5 mi1, Arundel Drive, Corringham, Stanford-le-hope, Thurrock SS17 7PG3
£555K03/240.53 mi7, Balmoral Avenue, Corringham, Stanford-le-hope, Thurrock SS17 7PB3
£410K03/240.54 mi26, Pembroke Avenue, Corringham, Stanford-le-hope, Thurrock SS17 7PW3
£345K03/210.55 mi3, Montfort Avenue, Corringham, Stanford-le-hope, Thurrock SS17 7PP3
£528.5K08/210.55 mi2, Montfort Avenue, Corringham, Stanford-le-hope, Thurrock SS17 7PP3
£525K08/230.58 mi1, Lampits Lane, Corringham, Stanford-le-hope, Thurrock SS17 9AD3
£321K02/210.59 mi68, Wheatley Road, Corringham, Stanford-le-hope, Thurrock SS17 9EF3
£355K08/230.59 mi64, Wheatley Road, Corringham, Stanford-le-hope, Thurrock SS17 9EF3
£365K09/230.59 mi68, Wheatley Road, Corringham, Stanford-le-hope, Thurrock SS17 9EF3
£400K02/210.62 mi32, York Avenue, Corringham, Stanford-le-hope, Thurrock SS17 7NN3

Local Rents

40 rents from £764/mo to £2.3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£76409/240.22 mi-1
£78409/240.22 mi-1
£96509/240.22 mi-2
£82503/250.34 mi-1
£80501/250.35 mi-1
£1,50003/250.41 mi-2
£2,25009/240.49 miGiffords Cross Avenue, Stanford-Le-Hope, Essex, SS174
£1,70012/240.57 mi-4
£1,70009/240.6 mi-3
£1,60010/240.62 mi-3
£1,15009/240.8 miCorringham, Corringham, SS171
£1,00009/240.82 miSt Johns Mews, St Johns Way, Corringham, Stanford-le-hope1
£1,54009/240.86 mi-3
£1,54009/240.86 miBurton Close, Corringham, Stanford-Le-Hope, SS173
£1,00009/240.87 miGrover Walk, Corringham, SS171
£1,65012/240.91 mi-3
£1,70012/240.94 mi-3
£1,95008/221.2 miWillow Hill, Stanford-Le-Hope4
£1,70009/241.21 miSandringham Close, Stanford-Le-Hope3
£1,45009/241.3 miMonks Haven, Stanford-Le-Hope3
£1,85002/251.35 mi-3
£1,85001/251.37 mi-3
£1,65003/251.41 mi-3
£1,65002/251.48 mi-3
£1,75009/241.5 miBillet Lane, Stanford-Le-Hope3
£2,25003/251.53 mi-4
£1,80003/251.57 mi-3
£1,20009/241.7 mi-2
£1,25003/251.71 mi-2
£1,40002/241.83 mi-2
£1,40009/241.84 mi-2
£1,69503/251.85 mi-4
£1,20003/251.86 mi-1
£1,32509/241.87 mi-2
£1,45002/251.87 mi-2
£1,25009/241.9 miWharf Road, Stanford-Le-Hope2
£1,80002/251.9 mi-3
£1,08509/241.94 mi-1
£2,00003/251.94 mi-4
£95009/241.97 miHollands Walk, SS161

Local Area Statistics

Population in SS17

32,518

Town centre distance

0.99 miles away

Nearest school

0.10 miles away

Nearest train station

2.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £400,000

December 11, 2024

Listed for £425,000

October 11, 2024

Sold for £390,000

2021

Floor Plans

Description

  • Walking distance to Corringham Primary School and great travel links too +
  • Three bedrooms/two bathrooms +
  • Great size family kitchen/diner +
  • Spacious lounge with conservatory +
  • Planning permission GRANTED for extension to rear and side +
  • Ground floor shower room/wc +
  • 'Jack and Jill'style bathroom to first floor +
  • Good sized un overlooked rear garden +
  • No onward chain +
  • Spacious three bedroom semi detached in the heart of Old Corringham with planning passed for SUBSTANTIAL extension (details on request) +

Offered with no onward chain, and PLANNING PERMISSION granted to further expansion via a substantial extension (see proposed photos in photo collection), we are delighted to offer for sale this spacious three bedroom semi detached house in the heart of Old Corringham. Guide Price £425,000 - £450,000 Situated within walking distance of Corringham Primary School and with shops and travel links nearby, this property is nestled in a fantastic location and this property is the ideal family home offering some lovely features. Entrance porch leads to entrance hallway, giving access to the ground floor shower room. Further rooms include a lovely size kitchen/diner as well as a spacious lounge with small conservatory to rear. The first floor offers three bedrooms, with a feature ‘Jack and Jill’ style bathroom with access from bedrooms one and two. Externally the property offers a 75’ rear garden with patio, lawn and hardstanding with own drive to side leading to the off road parking to front. Offered with no onward chain, contact us to arrange your viewing!

EPC Rating: D

Agent Details

Howgates, Stanford Le Hope

01375 803734

Next Steps?

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