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3 Bed Bungalow, Refurb/BRRR, Leigh-on-Sea, SS9 4TN, £450,000

The Ryde, Leigh-on-Sea, Essex, SS9 4TN - 4 views - 6 months ago

Refurb/BRRR
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£257.5K - £695K
Sold Prices/m²£2.6K/m² - £7.5K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£347,398

 

 

End Value (After Refurb)

£449,326

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£45,279

Bridging Loan Interest

£11,813

Total Cash In

£196,041

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£449,326

Mortgage (After Refinance)

£336,994

Mortgage LTV

75%

Cash Left In

£196,041

Equity

£112,331

Rent Range

£1,250 - £2,250

Rent Estimate

£1,633

Running Costs/mo

£1,751

Cashflow/mo

£-118

Cashflow/yr

£-1,413

Gross Yield

4%

Local Sold Prices

50 sold prices from £257.5K to £695K, average is £355K. £2.6K/m² to £7.5K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£285K02/210.05 mi187, Eastwood Old Road, Leigh-on-sea, Southend-on-sea SS9 4RZ3
£400K06/230.06 mi45, The Ryde, Leigh-on-sea, Southend-on-sea SS9 4TH3
£455K01/230.06 mi28, Eastwood Old Road, Leigh-on-sea, Southend-on-sea SS9 4RP3
£380K07/230.13 mi6, Ashcombe Close, Leigh-on-sea, Southend-on-sea SS9 4SE3
£430K03/210.13 mi84, Belfairs Park Drive, Leigh-on-sea, Southend-on-sea SS9 4TS3
£340K03/240.15 mi30, Little Hays, Leigh-on-sea, Southend-on-sea SS9 4SF3
£430K11/200.16 mi7, Orsett Avenue, Leigh-on-sea, Southend-on-sea SS9 4TT3
£525K04/230.18 mi170, Woodside, Leigh-on-sea, Southend-on-sea SS9 4TQ3
£625K11/210.18 mi164, Woodside, Leigh-on-sea, Southend-on-sea SS9 4TQ3
£392K11/210.18 mi150, The Fairway, Leigh-on-sea, Southend-on-sea SS9 4QR3
£367K11/210.2 mi202, Eastwood Old Road, Leigh-on-sea, Southend-on-sea SS9 4SQ3
£283K04/210.22 mi401, Arterial Road, Leigh-on-sea, Southend-on-sea SS9 4DZ3
£275K06/210.23 mi387, Arterial Road, Leigh-on-sea, Southend-on-sea SS9 4DZ3
£310K12/230.25 mi31, Cornec Chase, Leigh-on-sea, Southend-on-sea SS9 5EW3
£300K02/210.26 mi7, Bowman Avenue, Leigh-on-sea, Southend-on-sea SS9 5EP3
£290K10/210.31 mi37, Cornec Avenue, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5EN3
£440K04/210.31 mi95, Woodside, Leigh-on-sea, Southend-on-sea SS9 4RA3
£515K06/210.32 mi112, The Fairway, Leigh-on-sea, Southend-on-sea SS9 4QS3
£326K05/210.33 mi35, Moor Park Gardens, Leigh-on-sea, Southend-on-sea SS9 4PY3
£615K12/220.38 mi68, The Fairway, Leigh-on-sea, Southend-on-sea SS9 4QS3
£695K05/230.4 mi57, Woodside, Leigh-on-sea, Southend-on-sea SS9 4QX3
£367.5K01/230.42 mi30, Bolney Drive, Leigh-on-sea, Southend-on-sea SS9 5HQ3
£350K11/210.44 mi86, Grovewood Avenue, Leigh-on-sea, Southend-on-sea SS9 5EG3
£300K06/210.44 mi48, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HB3
£575K12/210.45 mi114, Bellhouse Road, Leigh-on-sea, Southend-on-sea SS9 5NG3
£408K02/210.46 mi38a, Woodcutters Avenue, Leigh-on-sea, Southend-on-sea SS9 4PL3
£345K09/230.46 mi49, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HA3
£330K04/230.46 mi89, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HA3
£325K01/230.46 mi45, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HA3
£290K04/210.46 mi29, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HA3
£335K02/230.46 mi57, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HA3
£550K07/230.49 mi46, The Fairway, Leigh-on-sea, Southend-on-sea SS9 4QL3
£280K08/230.5 mi8, Bellhouse Crescent, Leigh-on-sea, Southend-on-sea SS9 4PT3
£372.5K04/210.5 mi71, Grovewood Avenue, Leigh-on-sea, Southend-on-sea SS9 5EQ3
£547.5K10/210.51 mi9, Woodcutters Avenue, Leigh-on-sea, Southend-on-sea SS9 4PN3
£282K06/210.51 mi14, Wood Farm Close, Leigh-on-sea, Southend-on-sea SS9 4PE3
£525K03/210.52 mi15, Woodcutters Avenue, Leigh-on-sea, Southend-on-sea SS9 4PN3
£420K05/240.53 mi18, The Crest, Leigh-on-sea, Southend-on-sea SS9 5NJ3
£295K03/210.53 mi2, Langley Close, Leigh-on-sea, Southend-on-sea SS9 5HS3
£305K01/210.53 mi1, Langley Close, Leigh-on-sea, Southend-on-sea SS9 5HS3
£360K12/230.53 mi2, Langley Close, Leigh-on-sea, Southend-on-sea SS9 5HS3
£257.5K02/210.53 mi70, Wood Farm Close, Leigh-on-sea, Southend-on-sea SS9 4PF3
£327K01/240.53 mi74, Wood Farm Close, Leigh-on-sea, Southend-on-sea SS9 4PF3
£315K09/210.53 mi11, Bellhouse Lane, Leigh-on-sea, Southend-on-sea SS9 4PR3
£315K06/230.54 mi10, Saffory Close, Leigh-on-sea, Southend-on-sea SS9 5HY3
£290K08/230.54 mi12, Saffory Close, Leigh-on-sea, Southend-on-sea SS9 5HY3
£310K12/200.54 mi5, Glenwood Avenue, Leigh-on-sea, Southend-on-sea SS9 5EA3
£387.1K01/210.54 mi63, Glenwood Avenue, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5EA3
£430K03/240.55 mi54a, Glenwood Avenue, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5EB3
£360K06/230.55 mi6, Tudor Road, Leigh-on-sea, Southend-on-sea SS9 5AX3

Local Rents

17 rents from £1.3K/mo to £2.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,47509/240.13 miAshcombe Close, Leigh-on-Sea3
£1,50009/240.15 mi-3
£1,75003/240.18 mi-3
£1,60009/240.19 miThe Fairway, Leigh-on-sea, SS93
£1,57509/240.23 miArterial Road, Leigh-on-Sea3
£1,55009/240.51 miArterial Road, Leigh on Sea3
£1,39509/240.55 miBrookfields, Leigh-On-Sea3
£1,49509/240.66 miLeighwood Avenue, Leigh-on-Sea3
£1,95007/240.73 mi-3
£1,70001/250.85 mi-3
£2,20011/240.88 mi-3
£1,60009/240.93 mi-3
£1,70005/240.93 mi-3
£1,70009/241.02 miMountdale Gardens, Leigh-on-sea, SS93
£2,25004/241.1 mi-3
£1,25008/231.19 mi-3
£1,70011/241.23 mi-3

Links

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.90 miles away

Nearest school

0.40 miles away

Nearest train station

1.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £450,000

October 24, 2024

Floor Plans

Description

  • No onward chain +
  • Three bedroom semi-detached bungalow +
  • Sought after Belfairs Estate +
  • Close to Belfairs woods and nature reserve +
  • Close to local amenities +
  • Close to local transport links +
  • Potential to develop STPP +
  • Rear garden +

Hunt Roche Leigh on Sea are delighted to offer for sale this large, bright and spacious, three bedroom, detached bungalow located on the Belfairs Estate, which is an extremely sought after location, with NO ONWARD CHAIN!
The property comprises, a large living/dining room, separate Kitchen/dining room, utility room, 3 bedrooms a family bathroom and a large porch area.
Externally there is a front garden, driveway for multiple vehicles, rear garden and garage.
Located on the Belfairs Estate it is within easy walking distance of Belfairs Woods and Nature reserve and close to local amenities and transport links.
The property would need modernising throughout and would benefit from extensions and modernisation STPP!
CALL TODAY TO BOOK YOUR VIEWING!

Agent Details

Hunt Roche, Leigh-On-Sea

01702 967617

Next Steps?

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

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