3 Bed Semi-Detached House, Refurb/BRRR, Leigh-on-Sea, SS9 5RU, £350,000

Alan Grove, Leigh-on-sea, SS9 5RU - 3 views - 6 months ago

Sold STC
Refurb/BRRR
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£290K - £625K
Sold Prices/m²£2.9K/m² - £9.1K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£382,500
BMV2%

 

 

End Value (After Refurb)

£408,813

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£45,279

Bridging Loan Interest

£9,188

Total Cash In

£162,416

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£408,813

Mortgage (After Refinance)

£306,609

Mortgage LTV

75%

Cash Released

£44,109

Cash Left In

£118,307

Equity

£102,203

Rent Range

£1,395 - £1,950

Rent Estimate

£1,656

Running Costs/mo

£1,629

Cashflow/mo

£27

Cashflow/yr

£327

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £290K to £625K, average is £356.8K. £2.9K/m² to £9.1K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£358K12/230.05 mi19, Alan Grove, Leigh-on-sea, Southend-on-sea SS9 5RU3
£345K01/240.05 mi45, Fairfield Road, Leigh-on-sea, Southend-on-sea SS9 5RZ3
£397.5K05/240.05 mi43, Fairfield Road, Leigh-on-sea, Southend-on-sea SS9 5RZ3
£355K08/230.07 mi42, Eastwood Park Drive, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5RR3
£318K06/210.09 mi107, Fairfield Road, Leigh-on-sea, Southend-on-sea SS9 5RY3
£290K12/230.09 mi91, Fairfield Road, Leigh-on-sea, Southend-on-sea SS9 5RY3
£352K09/230.09 mi11, Eastwood Park Close, Leigh-on-sea, Southend-on-sea SS9 5RS3
£357K03/210.09 mi6, Fairfield Gardens, Leigh-on-sea, Southend-on-sea SS9 5SF3
£315K05/210.1 mi87, Fairfield Road, Leigh-on-sea, Southend-on-sea SS9 5RY3
£320K06/210.14 mi40, Paddock Close, Leigh-on-sea, Southend-on-sea SS9 5QR3
£430K09/230.14 mi207, Rayleigh Road, Leigh-on-sea, Southend-on-sea SS9 5YG3
£339K09/230.14 mi162, Rayleigh Road, Leigh-on-sea, Southend-on-sea SS9 5XQ3
£322K03/210.15 mi30, Fairfield Crescent, Leigh-on-sea, Southend-on-sea SS9 5SQ3
£356.5K10/230.15 mi6, Fairfield Crescent, Leigh-on-sea, Southend-on-sea SS9 5SQ3
£405K04/210.15 mi185, Rayleigh Road, Leigh-on-sea, Southend-on-sea SS9 5YJ3
£415K10/230.16 mi272, Rayleigh Road, Leigh-on-sea, Southend-on-sea SS9 5XN3
£385K11/210.16 mi75, Fairfield Gardens, Leigh-on-sea, Southend-on-sea SS9 5SD3
£380K02/230.18 mi22, St Lawrence Gardens, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5YD3
£300K09/210.18 mi22, St Lawrence Gardens, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5YD3
£350K08/230.18 mi57, St Lawrence Gardens, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5YD3
£350K02/230.18 mi25, St Lawrence Gardens, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5YD3
£500K09/210.19 mi19, Nobles Green Close, Leigh-on-sea, Southend-on-sea SS9 5QH3
£625K03/230.19 mi20, Nobles Green Close, Leigh-on-sea, Southend-on-sea SS9 5QH3
£320K03/210.19 mi7, Willow Close, Leigh-on-sea, Southend-on-sea SS9 5XG3
£375K08/210.2 mi22, Lambeth Road, Leigh-on-sea, Southend-on-sea SS9 5XR3
£410K04/210.2 mi164, Green Lane, Leigh-on-sea, Southend-on-sea SS9 5QW3
£330K02/210.21 mi44, Steeplefield, Leigh-on-sea, Southend-on-sea SS9 5XS3
£301.5K01/240.23 mi30, Hudson Crescent, Leigh-on-sea, Southend-on-sea SS9 5XT3
£298K12/230.23 mi18, Hudson Crescent, Leigh-on-sea, Southend-on-sea SS9 5XT3
£450K04/210.25 mi8, Apple Row, Leigh-on-sea, Southend-on-sea SS9 5TS3
£321K12/200.25 mi19, Dandies Chase, Leigh-on-sea, Southend-on-sea SS9 5RF3
£295K02/210.25 mi17, Park Avenue, Leigh-on-sea, Southend-on-sea SS9 5XB3
£385K05/210.27 mi49, Whitehouse Road, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5SR3
£376K08/210.28 mi49, Dandies Chase, Leigh-on-sea, Southend-on-sea SS9 5RF3
£322K11/200.3 mi133, Steeplefield, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5XP3
£421K08/210.3 mi17, Byfield, Leigh-on-sea, Southend-on-sea SS9 5TG3
£365K06/210.3 mi82, Rowan Walk, Leigh-on-sea, Southend-on-sea SS9 5PN3
£400K06/230.3 mi45, Rowan Walk, Leigh-on-sea, Southend-on-sea SS9 5PN3
£360K02/210.3 mi3, Rowan Walk, Leigh-on-sea, Southend-on-sea SS9 5PN3
£362.5K02/230.31 mi99, Rayleigh Road, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5UZ3
£410K07/230.31 mi87, Orchard Grove, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5TP3
£390K09/230.33 mi16, Rowan Walk, Leigh-on-sea, Southend-on-sea SS9 5PL3
£320K12/200.33 mi20, Rowan Walk, Leigh-on-sea, Southend-on-sea SS9 5PL3
£298.8K03/210.34 mi76, Hudson Road, Leigh-on-sea, Southend-on-sea SS9 5NX3
£386K06/210.35 mi86, Pinewood Avenue, Leigh-on-sea, Southend-on-sea SS9 5PB3
£366K02/230.35 mi1b, Priorywood Crescent, Leigh-on-sea, Southend-on-sea SS9 4DF3
£330K12/200.35 mi20, Dering Crescent, Leigh-on-sea, Southend-on-sea SS9 5RE3
£375K06/210.36 mi69, Pinewood Avenue, Leigh-on-sea, Southend-on-sea SS9 5PB3
£324K05/230.36 mi18, Bellhouse Road, Leigh-on-sea, Southend-on-sea SS9 5NL3
£300K10/210.38 mi72, Whitehouse Road, Leigh-on-sea, Southend-on-sea SS9 5ST3

Local Rents

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

RentDateDistanceAddressBeds 
£1,95007/240.2 mi-3
£1,39509/240.49 miBrookfields, Leigh-On-Sea3
£1,55009/240.58 miArterial Road, Leigh on Sea3
£1,90009/240.59 miPrince Avenue, Westcliff-on-Sea3
£1,49509/240.65 miLeighwood Avenue, Leigh-on-Sea3
£1,70001/250.7 mi-3
£1,70009/240.72 miMountdale Gardens, Leigh-on-sea, SS93
£1,60009/240.75 miThe Fairway, Leigh-on-sea, SS93
£1,57509/240.85 miArterial Road, Leigh-on-Sea3
£1,79509/240.91 miBridgwater Drive, Westcliff On Sea3
£1,47509/240.91 miAshcombe Close, Leigh-on-Sea3
£1,75003/240.92 mi-3
£1,50009/240.93 mi-3
£1,80008/241.12 mi-3

Local Area Statistics

Population in SS9

49,984

Town centre distance

1.16 miles away

Nearest school

0.20 miles away

Nearest train station

2 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £350,000

December 26, 2024

Listed for £375,000

October 21, 2024

Sold for £320,000

2017

Sold for £150,000

2002

Sold for £84,000

1997

Sold for £79,500

1997

Floor Plans

Description

  • Spacious three-bedroom semi-detached home, perfect for families +
  • Two bathrooms, including convenient ground floor w/c +
  • Generous living areas including lounge, dining room, and conservatory +
  • Large, well-maintained rear garden with patio and lawn space +
  • Off-street parking for two cars on the crazy paved front driveway +
  • Ample storage space with a ground floor storage room +
  • Prime location with excellent transport links, including access to London Liverpool Street via Southend Airport train station +
  • Situated within the catchment area for outstanding schools +

This charming three-bedroom semi-detached house on Alan Grove offers a fantastic opportunity for a growing family. The property boasts spacious living areas, including a bright lounge, separate dining room, and a conservatory that opens up to the generous rear garden. The well-equipped kitchen and convenient ground-floor w/c add to the practical layout, while the first floor offers three well-proportioned bedrooms and a family bathroom. With a bit of modernisation, this home can truly shine.

Tenure: Freehold
Council Tax Band: D

Agent Details

Gilbert & Rose, Leigh-on-sea

01702 967150

Next Steps?

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