3 Bed Semi-Detached House, Refurb/BRRR, Benfleet, SS7 4NA, £325,000

Stansfield Road, Benfleet, SS7 4NA - 1 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£232K - £445K
Sold Prices/m²£2.1K/m² - £8.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£331,500

 

 

End Value (After Refurb)

£363,954

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£45,518

Bridging Loan Interest

£8,531

Total Cash In

£158,249

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£363,954

Mortgage (After Refinance)

£272,965

Mortgage LTV

75%

Cash Released

£29,215

Cash Left In

£129,034

Equity

£90,988

Rent Range

£1,450 - £2,200

Rent Estimate

£1,638

Running Costs/mo

£1,485

Cashflow/mo

£153

Cashflow/yr

£1,837

ROI

1%

Gross Yield

6%

Local Sold Prices

53 sold prices from £232K to £445K, average is £340K. £2.1K/m² to £8.5K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£325K06/210.02 mi74, Stansfield Road, Benfleet, Essex SS7 4NB3
£280K11/210.02 mi38, Stansfield Road, Benfleet, Essex SS7 4NB3
£269K05/210.03 mi22, Stansfield Road, Benfleet, Essex SS7 4NB3
£305K01/210.06 mi41, Birch Close, Benfleet, Essex SS7 4NE3
£340K03/210.06 mi33, Birch Close, Benfleet, Essex SS7 4NE3
£337K05/210.06 mi51, Birch Close, Benfleet, Essex SS7 4NE3
£365K08/230.07 mi136, Eversley Road, Benfleet, Essex SS7 4LE3
£390K08/230.09 mi173, Woodside Avenue, Benfleet, Essex SS7 4NH3
£325K09/220.11 mi10, Leighton Road, Benfleet, Essex SS7 4NF3
£232K08/210.12 mi8, Patterdale, Benfleet, Essex SS7 4LQ3
£350K05/210.13 mi8, The Fairway, Benfleet, Essex SS7 4LB3
£325K01/210.14 mi193, Seamore Avenue, Benfleet, Essex SS7 4NG3
£362.5K04/210.15 mi16, The Larches, Benfleet, Essex SS7 4NR3
£380K09/210.15 mi26, The Larches, Benfleet, Essex SS7 4NR3
£292.5K04/210.16 mi9, Seamore Walk, Benfleet, Essex SS7 4NQ3
£325K01/230.16 mi15, Seamore Walk, Benfleet, Essex SS7 4NQ3
£370K01/210.18 mi21, Oak Walk, Benfleet, Essex SS7 4SB3
£445K07/230.18 mi21, Oak Walk, Benfleet, Essex SS7 4SB3
£365K01/240.18 mi41, Oak Walk, Benfleet, Essex SS7 4SB3
£335K04/230.18 mi102, Eversley Road, Benfleet, Essex SS7 4JT3
£335K04/210.19 mi39, Arundel Road, Benfleet, Essex SS7 4EE3
£355K11/220.19 mi94, Seamore Avenue, Benfleet, Essex SS7 4EZ3
£325K09/210.19 mi81, Arundel Road, Benfleet, Essex SS7 4EE3
£360K11/230.19 mi85, Arundel Road, Benfleet, Essex SS7 4EE3
£327.5K09/210.21 mi16, Orchard Road, Benfleet, Essex SS7 4DX3
£360K08/230.21 mi140, Rushbottom Lane, Benfleet, Essex SS7 4EB3
£360K08/230.21 mi140, Rushbottom Lane, Benfleet, Essex SS7 4EB3
£295K02/210.21 mi138, Moreland Avenue, Benfleet, Essex SS7 4JW3
£315K06/210.21 mi150, Moreland Avenue, Benfleet, Essex SS7 4JW3
£355K01/210.21 mi106, Woodside Avenue, Benfleet, Essex SS7 4NU3
£340K05/210.21 mi97, Woodside Avenue, Benfleet, Essex SS7 4NU3
£415K02/230.22 mi28, The Birches, Benfleet, Essex SS7 4NT3
£358K02/230.25 mi6, Blyth Way, Benfleet, Essex SS7 4HD3
£330K02/210.26 mi15, Blyth Way, Benfleet, Essex SS7 4HD3
£355K10/230.26 mi3, Blyth Way, Benfleet, Essex SS7 4HD3
£355K10/230.26 mi3, Blyth Way, Benfleet, Essex SS7 4HD3
£350K03/240.26 mi76, Moreland Avenue, Benfleet, Essex SS7 4HB3
£330.5K12/200.27 mi7, Rosemead, Benfleet, Essex SS7 4JQ3
£300K05/210.27 mi30, Rosemead, Benfleet, Essex SS7 4JQ3
£336K03/210.27 mi64, Overton Road, Benfleet, Essex SS7 4HA3
£402K07/230.27 mi21, Overton Way, Benfleet, Essex SS7 4DR3
£402K07/230.27 mi21, Overton Way, Benfleet, Essex SS7 4DR3
£290K01/210.28 mi76, Eversley Road, Benfleet, Essex SS7 4JH3
£352K09/220.28 mi24, Rosemead, Benfleet, Essex SS7 4JQ3
£415K02/230.29 mi59, Eversley Road, Benfleet, Essex SS7 4JH3
£345K06/210.31 mi121, Roseberry Avenue, Benfleet, Essex SS7 4JF3
£323K03/210.32 mi51, Meadway, Benfleet, Essex SS7 4HG3
£367K11/230.33 mi76, Rushbottom Lane, Benfleet, Essex SS7 4DW3
£432.5K02/230.33 mi57, Meadway, Benfleet, Essex SS7 4HG3
£305K11/200.34 mi36, Seamore Avenue, Benfleet, Essex SS7 4EX3
£360K03/230.34 mi128, Roseberry Avenue, Benfleet, Essex SS7 4JG3
£332K03/210.39 mi227, Manor Road, Benfleet, Essex SS7 4JD3
£335K04/230.39 mi219, Manor Road, Benfleet, Essex SS7 4JD3

Local Rents

11 rents from £1.4K/mo to £2.2K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,55009/230.16 mi-3
£1,47507/240.48 mi-3
£1,80009/240.53 mi-3
£2,20010/230.64 mi-3
£1,45008/230.7 mi-3
£1,45008/230.7 mi-3
£1,60011/240.7 mi-3
£1,55005/230.82 mi-3
£1,55005/230.83 mi-3
£1,50009/240.89 miHigh Road, Benfleet3
£1,70009/241.12 miClifton Avenue, Benfleet3

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.60 miles away

Nearest school

0.20 miles away

Nearest train station

2.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £325,000

November 12, 2024

Floor Plans

Description

  • 3 BEDROOMS +
  • 19 X 178 LOUNGE/DINER +
  • 10FT KITCHEN +
  • SHOWER ROOM +
  • GARAGE & OFF STREET PARKING +
  • NO ONWARD CHAIN +
  • GARDEN +

Extended semi detached house offering three bedrooms, 19`5 x 17`8 lounge/diner, kitchen, shower room and integral garage but in need of some modernisation. Property is being sold by informal tender with offers in writing by 14th December 2024.

Entance
Door with pattern double glazed panel and side light to hallway, stairs to first floor, built in cupboard.

Kitchen - 10'0" (3.05m) x 9'0" (2.74m)
Double glazed window to front, inset sink with mixer tap, work top surfaces with cupboards and drawers under, eye level cupboards, appliance spaces, tiled splash backs, radiator.

Lounge - 19'5" (5.92m) x 17'8" (5.38m)
Patio doors and double glazed window to rear, fire surround, wood effect flooring, coving and ceiling rose.

Landing
Access to loft, doors to:

Bedroom One - 17'8" (5.38m) x 10'11" (3.33m) Max
Double glazed window to rear, radiator.

Bedroom Two - 10'11" (3.33m) x 9'5" (2.87m)
Double glazed window to front, radiator.

Bedroom Three - 9'4" (2.84m) x 6'5" (1.96m)
Double glazed window to front, radiator.

Shower Room
Pattern double glazed window to side, suite comprising corner shower cubicle, pedestal wash hand basin, low level wc, cupboard housing boiler, towel rail.

Garage
Integral with roller door

Front
Block paved drive provides off street parking, raised flower beds.

Garden
Commences with paved patio, side access, the garden is in need of tending.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Robert Michael, Thundersley

01268 261839

Next Steps?

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