3 Bed Terraced House, Refurb/BRRR, Basildon, SS13 1JL, £235,000

Montsale, Pitsea, Basildon, Essex, SS13 1JL - 6 views - 5 months ago

Refurb/BRRR
ROI: 4%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£145K - £475K
Sold Prices/m²£1.8K/m² - £7.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£262,600
BMV1%

 

 

End Value (After Refurb)

£318,922

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£45,600

Bridging Loan Interest

£6,169

Total Cash In

£121,769

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£318,922

Mortgage (After Refinance)

£239,191

Mortgage LTV

75%

Cash Released

£62,941

Cash Left In

£58,828

Equity

£79,730

Rent Range

£1,450 - £2,400

Rent Estimate

£1,856

Running Costs/mo

£1,388

Cashflow/mo

£468

Cashflow/yr

£5,618

ROI

5%

Gross Yield

9%

Local Sold Prices

51 sold prices from £145K to £475K, average is £300K. £1.8K/m² to £7.2K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£300K01/240 mi10, Montsale, Pitsea, Basildon, Essex SS13 1JL3
£285K01/230.06 mi141, Great Ranton, Pitsea, Basildon, Essex SS13 1JW3
£300K01/230.06 mi24, Scaldhurst, Pitsea, Basildon, Essex SS13 1JJ3
£237.5K01/210.08 mi4, Brecon Close, Pitsea, Basildon, Essex SS13 1AR3
£307K10/230.08 mi2, Havengore, Basildon, Essex SS13 1JT3
£257K03/210.08 mi38, Havengore, Basildon, Essex SS13 1JT3
£213K03/210.1 mi56, Longmead, Pitsea, Basildon, Essex SS13 1HG3
£260K11/200.1 mi90, Longmead, Pitsea, Basildon, Essex SS13 1HG3
£200K11/220.11 mi12, Longmead, Pitsea, Basildon, Essex SS13 1HE3
£315K03/230.12 mi40, Great Ranton, Pitsea, Basildon, Essex SS13 1JP3
£282K06/230.12 mi10, Great Ranton, Pitsea, Basildon, Essex SS13 1JP3
£295K01/230.12 mi29, Wilsner, Pitsea, Basildon, Essex SS13 1HN3
£265K08/210.12 mi9, Great Ranton, Pitsea, Basildon, Essex SS13 1JS3
£275K12/200.13 mi55, Winfields, Pitsea, Basildon, Essex SS13 1HB3
£255K04/210.13 mi57, Winfields, Pitsea, Basildon, Essex SS13 1HB3
£307.5K12/230.13 mi6, Winfields, Pitsea, Basildon, Essex SS13 1HQ3
£308K03/230.14 mi28, Fyfields, Pitsea, Basildon, Essex SS13 1HL3
£290K05/230.14 mi12, Fyfields, Pitsea, Basildon, Essex SS13 1HL3
£360K03/230.15 mi18, Fairfax Avenue, Basildon, Essex SS13 1AZ3
£380K06/230.15 mi20, Fairfax Avenue, Basildon, Essex SS13 1AZ3
£300K11/210.15 mi9, Fyfields, Pitsea, Basildon, Essex SS13 1HJ3
£260K12/220.15 mi27, Fyfields, Pitsea, Basildon, Essex SS13 1HJ3
£309K05/230.15 mi69, Ashfields, Pitsea, Basildon, Essex SS13 1HS3
£275K08/230.15 mi81, Ashfields, Pitsea, Basildon, Essex SS13 1HS3
£290K06/210.16 mi209, Rectory Road, Pitsea, Basildon, Essex SS13 1AJ3
£310K03/240.16 mi251, Rectory Road, Pitsea, Basildon, Essex SS13 1AJ3
£325K01/240.16 mi24, Riffams Drive, Basildon, Essex SS13 1BG3
£300K11/200.16 mi17, Medoc Close, Basildon, Essex SS13 1NR3
£245K02/210.16 mi230, Rectory Road, Pitsea, Basildon, Essex SS13 1AG3
£325K11/200.16 mi31, Vermont Close, Basildon, Essex SS13 1BH3
£248K05/210.18 mi7, Oakdene Road, Pitsea, Basildon, Essex SS13 1AP3
£295K12/200.21 mi15, Langford Grove, Basildon, Essex SS13 1NX3
£325K12/200.21 mi33, Langford Grove, Basildon, Essex SS13 1NX3
£313K06/210.21 mi6, Langford Grove, Basildon, Essex SS13 1NX3
£145K07/210.23 mi2, Benham Walk, Basildon, Essex SS13 1NU3
£373.5K06/230.23 mi10, Benham Walk, Basildon, Essex SS13 1NU3
£275K11/200.25 mi19, Orlando Drive, Basildon, Essex SS13 1TE3
£365K05/230.25 mi62, Charleston Avenue, Basildon, Essex SS13 1JH3
£320K01/210.25 mi5, Chalvedon Avenue, Pitsea, Basildon, Essex SS13 1AF3
£320K01/210.25 mi5, Chalvedon Avenue, Pitsea, Basildon, Essex SS13 1AF3
£415K06/210.26 mi6, Chalvedon Avenue, Pitsea, Basildon, Essex SS13 1AF3
£475K01/230.26 mi25, Denver Drive, Basildon, Essex SS13 1TF3
£332.5K02/210.27 mi32, The Gables, Basildon, Essex SS13 1PY3
£335K01/230.28 mi4, Aimes Green, Basildon, Essex SS13 1NT3
£430K09/220.29 miSouthview, Briscoe Road, Pitsea, Basildon, Essex SS13 1AD3
£277K03/210.29 mi25, Kenneth Road, Basildon, Essex SS13 2BW3
£450K01/230.29 mi30, Denver Drive, Basildon, Essex SS13 1TF3
£241K04/210.3 mi190, Rectory Road, Pitsea, Basildon, Essex SS13 2AN3
£237.5K10/200.3 mi7, Chatfield Way, Basildon, Essex SS13 2BN3
£290K07/210.3 mi13, Chatfield Way, Basildon, Essex SS13 2BN3
£280K12/230.32 mi73, Kenneth Road, Basildon, Essex SS13 2BW3

Local Rents

10 rents from £1.4K/mo to £2.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.06 mi-3
£1,60009/240.11 mi-3
£1,70012/240.16 mi-3
£2,40003/250.24 mi-3
£1,60002/240.26 mi-3
£1,60009/240.35 miKenneth Road, Basildon, Essex, SS133
£1,85009/240.42 mi-3
£1,90001/250.43 mi-3
£2,20003/250.47 mi-3
£1,83004/250.59 mi-3

Local Area Statistics

Population in SS13

22,057

Population in Basildon

105,369

Town centre distance

2.56 miles away

Nearest school

0.30 miles away

Nearest train station

1.34 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £235,000

March 20, 2025

Listed for £260,000

November 21, 2024

Sold for £120,000

2004

Description

  • Three Bedrooms +
  • Kitchen +
  • Living Room +
  • Conservatory +
  • Shower Room +
  • Seperate W/C +
  • Rear Garden +
  • Communal Parking +
  • No Onward Chain +
  • In Need of Complete Modernisation +

Guide Price £260,000 - £270,000 . Three bedroom terraced house in need of complete modernisation and renovation. The property is offered with no onward chain and is ideal for the DIY enthusiast. The property benefits from a 17'6 conservatory, dining room and a converted loft. Key held for viewings.

Agent Details

KINGSWOOD, Basildon

01268 203171

Next Steps?

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