4 Bed Detached House, Planning Permission, Benfleet, SS7 4HZ, £170,000

Shrewsbury Drive, Benfleet, SS7 4HZ - 5 months ago

Planning
ROI: 15%
~129 m²

ValuationUndervalued

Sold Prices£310K - £655K
Sold Prices/m²£1.6K/m² - £5.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.3K/m²

Value Estimate

£210,800
BMV24%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Total Cash In

£52,200

 

 

Cash Out

 

Rent Range

£1,450 - £3,495

Rent Estimate

£1,488

Running Costs/mo

£849

Cashflow/mo

£639

Cashflow/yr

£7,670

ROI

15%

Gross Yield

11%

Local Sold Prices

52 sold prices from £310K to £655K, average is £452.5K. £1.6K/m² to £5.1K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£340K05/210.09 mi134, Manor Road, Benfleet, Essex SS7 4HU4
£320K11/200.11 mi116, Roseberry Avenue, Benfleet, Essex SS7 4JG4
£350K03/240.19 mi6, Woodside View, Benfleet, Essex SS7 4PB4
£310K10/200.3 mi138, Seamore Avenue, Benfleet, Essex SS7 4LA4
£460K02/230.3 mi9, Maplin Close, Benfleet, Essex SS7 4HE4
£408K01/240.38 mi26, Leighton Road, Benfleet, Essex SS7 4NF4
£370K07/210.4 mi3, Chancel Close, Benfleet, Essex SS7 4ET4
£400K01/210.4 mi60, Manor Road, Benfleet, Essex SS7 4BG4
£385.1K01/240.41 mi3, Overton Drive, Benfleet, Essex SS7 4DS4
£505K06/210.41 mi15, Selbourne Road, Benfleet, Essex SS7 4AN4
£475K10/230.44 mi448, Kents Hill Road North, Benfleet, Essex SS7 4AB4
£437.5K05/230.45 mi43, Woodcote Way, Benfleet, Essex SS7 4ND4
£500K08/230.45 mi50, Oak Walk, Benfleet, Essex SS7 4SB4
£500K08/230.45 mi50, Oak Walk, Benfleet, Essex SS7 4SB4
£438K11/210.48 mi1, Orchard Road, Benfleet, Essex SS7 4DX4
£370K05/210.55 mi10, Thundersley Church Road, Benfleet, Essex SS7 3ES4
£410K01/210.55 mi220, Rushbottom Lane, Benfleet, Essex SS7 4LU4
£455K11/210.6 mi443, Church Road, Benfleet, Essex SS7 3HG4
£470K11/210.61 mi352, London Road, Benfleet, Essex SS7 1BG4
£355K05/230.63 mi52, St Clements Road, Benfleet, Essex SS7 5XB4
£360K04/230.64 mi19, Glenridding, Benfleet, Essex SS7 5XQ4
£535K05/210.66 mi288, Kents Hill Road, Benfleet, Essex SS7 5XS4
£417K11/210.66 mi344, Kents Hill Road, Benfleet, Essex SS7 5XS4
£580K04/210.67 mi17, Silverdale, Benfleet, Essex SS7 3JR4
£315K11/230.69 mi40, Louisa Avenue, Benfleet, Essex SS7 4DA4
£470K08/210.69 mi471, Church Road, Benfleet, Essex SS7 3HB4
£390K02/210.69 mi26, Lea Road, Benfleet, Essex SS7 5UU4
£490K02/230.7 mi16, Sadlers, Benfleet, Essex SS7 4PE4
£390K11/200.71 mi61, London Road, Benfleet, Essex SS7 5TG4
£460K07/230.72 mi48, Southwold Crescent, Benfleet, Essex SS7 5SP4
£555K05/230.74 mi82, St Clements Road, Benfleet, Essex SS7 5XG4
£405K04/230.74 mi25, Fox Meadows, Benfleet, Essex SS7 3AR4
£570K03/210.76 mi55, St Clements Road, Benfleet, Essex SS7 5XH4
£530K02/210.76 mi61, St Clements Road, Benfleet, Essex SS7 5XH4
£520K03/230.79 mi15, Coombewood Drive, Benfleet, Essex SS7 3EA4
£537K09/210.8 mi29, Kenneth Road, Benfleet, Essex SS7 3AU4
£490K09/210.8 mi53, Kenneth Road, Benfleet, Essex SS7 3AU4
£385K08/210.81 mi29, London Road, Benfleet, Essex SS7 5TH4
£473K02/230.84 mi34, Park Road, Benfleet, Essex SS7 3PP4
£450K03/210.84 mi18, Ivy Road, Benfleet, Essex SS7 4DG4
£498K02/210.84 mi1, Albion Road, Benfleet, Essex SS7 5PU4
£405K12/200.86 mi12, Romsey Way, Benfleet, Essex SS7 5TT4
£427K01/230.88 mi14, Malwood Drive, Benfleet, Essex SS7 5TS4
£410K11/200.89 mi3, London Road, Benfleet, Essex SS7 5TN4
£435K09/230.9 mi96, Kenneth Road, Benfleet, Essex SS7 3AN4
£315K11/200.91 mi6, Romsey Crescent, Benfleet, Essex SS7 5TR4
£600K07/210.91 mi43, Thundersley Grove, Benfleet, Essex SS7 3EB4
£525K02/230.94 mi16, Highview Road, Benfleet, Essex SS7 3LF4
£570K06/210.96 mi44, Villa Road, Benfleet, Essex SS7 5QL4
£655K03/210.97 mi15, Elmhurst Avenue, Benfleet, Essex SS7 5RY4
£655K03/210.97 mi15, Elmhurst Avenue, Benfleet, Essex SS7 5RY4
£535K02/210.99 mi14, Saxonville, Benfleet, Essex SS7 5TD4

Local Rents

26 rents from £1.4K/mo to £3.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,00009/240.4 miBenfleet, Essex4
£1,55009/230.52 mi-3
£2,20010/230.54 mi-3
£1,47507/240.56 mi-3
£1,55005/230.57 mi-3
£1,55005/230.59 mi-3
£1,80009/240.6 mi-3
£3,45003/250.67 mi-6
£1,45008/230.74 mi-3
£1,45008/230.74 mi-3
£1,60010/240.74 mi-3
£3,49501/250.79 mi-5
£2,50006/240.83 mi-4
£1,50009/240.93 miHigh Road, Benfleet3
£2,20009/240.93 miHighview Road, Thundersley, SS75
£1,70009/241.02 miClifton Avenue, Benfleet3
£1,67509/241.05 miDorothy Gardens, Benfleet3
£1,60009/241.09 miClarence Road, Benfleet3
£1,60001/241.14 mi-3
£1,50011/241.16 mi-3
£2,50009/241.16 miPound Lane, SS135
£2,50009/241.18 miThundersly Park Road, Benfleet, Benfleet, 4
£2,20003/241.2 mi-4
£2,50009/241.21 miThundersley Park Road, Benfleet, SS74
£2,20005/241.23 mi-4
£2,00004/241.23 mi-5

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.18 miles away

Nearest school

0.30 miles away

Nearest train station

1.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £170,000

March 8, 2025

Listed for £180,000

October 21, 2024

Description

  • Development Opportunity +
  • Planning Permission Granted for a Four Bedroom Detached Home +
  • Close to all Local Amenities +
  • Planning Reference: 24/0289/FUL +

If you're looking for a plot of land with approved planning permission, this is the opportunity for you. With permission granted for a four-bedroom detached house and off-road parking, this site is ideally located. Perfect for investors, developers, or anyone looking to build their own family home, this plot allows you the freedom to select your own finishes and design. Conveniently located near shops, restaurants, amenities, transport links, and excellent schools, it offers the ideal setting for family life. Don’t miss out on this fantastic opportunity—call today to arrange a viewing.

Plot details according to plans:
New House (4 bed): GIFA 128 sqm / 1,378 sqft
Application site (red): 317 sqm
Total Site Area: 480 sqm / 0.11 acre
Subject to a £34,743.44 of Community Infrastructure Levy is
payable to Castle Point Borough Council

Agent Details

Gilbert & Rose, Leigh-on-sea

01702 967150

Next Steps?

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