3 Bed Terraced House, Cash/Bridging Only, Basildon, SS13 1JJ, £216,000

5 Scaldhurst, Basildon, Essex, SS13 1JJ - 7 views - 3 months ago

Cash

ROI: 6%

79 m²

+7 photos

ValuationUndervalued

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

Square Metres	79 m²
Price/m²	£2.7K/m²
Value Estimate	£257,500£257,500
BMV	3%

End Value (After Refurb)	£280,037£280,037
Uplift in Value	+12%+12%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£54,000£54,000
Stamp Duty & Legal Fees	£8,700£8,700
Refurb Costs	£38,735£38,735
Bridging Loan Interest	£5,670£5,670
Total Cash In	£108,855£108,855

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£280,037£280,037
Mortgage (After Refinance)	£210,028£210,028
Mortgage LTV	75%75%
Cash Released	£48,028£48,028
Cash Left In	£60,827£60,827
Equity	£70,009£70,009
Rent Range	£1,450 - £2,400£1,450 - £2,400
Rent Estimate	£1,827
Running Costs/mo	£1,261£1,261
Cashflow/mo	£566£566
Cashflow/yr	£6,798£6,798
ROI	6%6%
Gross Yield	10%10%

Local Sold Prices

51 sold prices from £145K to £475K, average is £300K. £1.8K/m² to £7.2K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£300K	01/23	0.02 mi	24, Scaldhurst, Pitsea, Basildon, Essex SS13 1JJ	£3,409	88	3	Semi-Detached House
£285K	01/23	0.03 mi	141, Great Ranton, Pitsea, Basildon, Essex SS13 1JW	-	-	3	Terraced House
£300K	01/24	0.04 mi	10, Montsale, Pitsea, Basildon, Essex SS13 1JL	£3,846	78	3	Terraced House
£237.5K	01/21	0.05 mi	4, Brecon Close, Pitsea, Basildon, Essex SS13 1AR	£3,545	67	3	Terraced House
£315K	03/23	0.08 mi	40, Great Ranton, Pitsea, Basildon, Essex SS13 1JP	£3,621	87	3	Terraced House
£282K	06/23	0.08 mi	10, Great Ranton, Pitsea, Basildon, Essex SS13 1JP	-	-	3	Terraced House
£307K	10/23	0.08 mi	2, Havengore, Basildon, Essex SS13 1JT	£3,449	89	3	Terraced House
£257K	03/21	0.08 mi	38, Havengore, Basildon, Essex SS13 1JT	£3,295	78	3	Semi-Detached House
£265K	08/21	0.1 mi	9, Great Ranton, Pitsea, Basildon, Essex SS13 1JS	£3,089	86	3	Terraced House
£360K	03/23	0.11 mi	18, Fairfax Avenue, Basildon, Essex SS13 1AZ	-	-	3	Semi-Detached House
£380K	06/23	0.11 mi	20, Fairfax Avenue, Basildon, Essex SS13 1AZ	-	-	3	Semi-Detached House
£325K	01/24	0.12 mi	24, Riffams Drive, Basildon, Essex SS13 1BG	£6,832	48	3	Terraced House
£213K	03/21	0.12 mi	56, Longmead, Pitsea, Basildon, Essex SS13 1HG	-	-	3	Terraced House
£325K	11/20	0.13 mi	31, Vermont Close, Basildon, Essex SS13 1BH	£3,095	105	3	Terraced House
£260K	11/20	0.13 mi	90, Longmead, Pitsea, Basildon, Essex SS13 1HG	£3,133	83	3	Terraced House
£200K	11/22	0.15 mi	12, Longmead, Pitsea, Basildon, Essex SS13 1HE	£2,381	84	3	Terraced House
£300K	11/20	0.15 mi	17, Medoc Close, Basildon, Essex SS13 1NR	£4,054	74	3	Semi-Detached House
£295K	01/23	0.16 mi	29, Wilsner, Pitsea, Basildon, Essex SS13 1HN	-	-	3	Terraced House
£275K	12/20	0.18 mi	55, Winfields, Pitsea, Basildon, Essex SS13 1HB	£2,594	106	3	Terraced House
£255K	04/21	0.18 mi	57, Winfields, Pitsea, Basildon, Essex SS13 1HB	-	-	3	Terraced House
£307.5K	12/23	0.18 mi	6, Winfields, Pitsea, Basildon, Essex SS13 1HQ	-	-	3	Terraced House
£308K	03/23	0.18 mi	28, Fyfields, Pitsea, Basildon, Essex SS13 1HL	-	-	3	Terraced House
£290K	05/23	0.18 mi	12, Fyfields, Pitsea, Basildon, Essex SS13 1HL	-	-	3	Terraced House
£290K	06/21	0.19 mi	209, Rectory Road, Pitsea, Basildon, Essex SS13 1AJ	£4,028	72	3	Detached House
£310K	03/24	0.19 mi	251, Rectory Road, Pitsea, Basildon, Essex SS13 1AJ	£4,058	76	3	Terraced House
£248K	05/21	0.19 mi	7, Oakdene Road, Pitsea, Basildon, Essex SS13 1AP	£3,288	75	3	Semi-Detached House
£309K	05/23	0.19 mi	69, Ashfields, Pitsea, Basildon, Essex SS13 1HS	-	-	3	Terraced House
£275K	08/23	0.19 mi	81, Ashfields, Pitsea, Basildon, Essex SS13 1HS	£2,806	98	3	Terraced House
£295K	12/20	0.19 mi	15, Langford Grove, Basildon, Essex SS13 1NX	£4,338	68	3	Semi-Detached House
£325K	12/20	0.19 mi	33, Langford Grove, Basildon, Essex SS13 1NX	£4,779	68	3	Detached House
£313K	06/21	0.19 mi	6, Langford Grove, Basildon, Essex SS13 1NX	£3,682	85	3	Semi-Detached House
£300K	11/21	0.2 mi	9, Fyfields, Pitsea, Basildon, Essex SS13 1HJ	£3,659	82	3	Terraced House
£260K	12/22	0.2 mi	27, Fyfields, Pitsea, Basildon, Essex SS13 1HJ	£2,478	105	3	Terraced House
£275K	11/20	0.2 mi	19, Orlando Drive, Basildon, Essex SS13 1TE	£3,819	72	3	Terraced House
£245K	02/21	0.2 mi	230, Rectory Road, Pitsea, Basildon, Essex SS13 1AG	£2,094	117	3	Semi-Detached House
£365K	05/23	0.21 mi	62, Charleston Avenue, Basildon, Essex SS13 1JH	£3,925	93	3	Terraced House
£145K	07/21	0.21 mi	2, Benham Walk, Basildon, Essex SS13 1NU	£1,813	80	3	Terraced House
£373.5K	06/23	0.21 mi	10, Benham Walk, Basildon, Essex SS13 1NU	£5,413	69	3	Terraced House
£475K	01/23	0.21 mi	25, Denver Drive, Basildon, Essex SS13 1TF	-	-	3	Detached House
£450K	01/23	0.25 mi	30, Denver Drive, Basildon, Essex SS13 1TF	£5,921	76	3	Detached House
£335K	01/23	0.26 mi	4, Aimes Green, Basildon, Essex SS13 1NT	-	-	3	Terraced House
£332.5K	02/21	0.26 mi	32, The Gables, Basildon, Essex SS13 1PY	£3,167	105	3	Semi-Detached House
£320K	01/21	0.28 mi	5, Chalvedon Avenue, Pitsea, Basildon, Essex SS13 1AF	£4,156	77	3	Semi-Detached House
£320K	01/21	0.28 mi	5, Chalvedon Avenue, Pitsea, Basildon, Essex SS13 1AF	£4,156	77	3	Semi-Detached House
£415K	06/21	0.29 mi	6, Chalvedon Avenue, Pitsea, Basildon, Essex SS13 1AF	£7,155	58	3	Semi-Detached House
£390K	11/22	0.31 mi	21, Stirling Place, Basildon, Essex SS13 1QZ	£2,977	131	3	Semi-Detached House
£430K	09/22	0.33 mi	Southview, Briscoe Road, Pitsea, Basildon, Essex SS13 1AD	£4,831	89	3	Semi-Detached House
£277K	03/21	0.33 mi	25, Kenneth Road, Basildon, Essex SS13 2BW	£2,885	96	3	Terraced House
£367K	11/22	0.34 mi	16, Davenants, Basildon, Essex SS13 1QX	£4,829	76	3	Semi-Detached House
£241K	04/21	0.34 mi	190, Rectory Road, Pitsea, Basildon, Essex SS13 2AN	£3,464	70	3	Terraced House
£237.5K	10/20	0.34 mi	7, Chatfield Way, Basildon, Essex SS13 2BN	£2,699	88	3	Terraced House

Local Rents

9 rents from £1.4K/mo to £2.4K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,450	09/24	0.02 mi	-	3	Terraced House
£1,600	09/24	0.09 mi	-	3	Semi-Detached House
£2,400	03/25	0.2 mi	-	3	Terraced House
£1,700	12/24	0.2 mi	-	3	Terraced House
£1,600	02/24	0.3 mi	-	3	Terraced House
£1,600	09/24	0.39 mi	Kenneth Road, Basildon, Essex, SS13	3	Terraced House
£2,200	03/25	0.45 mi	-	3	Terraced House
£1,850	09/24	0.46 mi	-	3	Semi-Detached House
£1,900	01/25	0.47 mi	-	3	Semi-Detached House

Local Area Statistics

Population in SS13	22,05722,057
Population in Basildon	105,369105,369
Town centre distance	2.60 miles away2.60 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.39 miles away1.39 miles away

Rental growth (12m)	+9%+9%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+24%+24%

Property History

Price changed to £216,000

January 7, 2025

Listed for £250,000

January 3, 2025

Sold for £242,500

2018

Sold for £132,500

2006

Sold for £84,995

2002

Floor Plans

Description

THREE BEDROOMS +
MID-TERRACED +
GOOD CONDITION +
RECENTLY FITTED KITCHEN +
LOUNGE/DINING AREA +
CLOSE TO AMENITIES +
REAR GARDEN +
VIEWINGS ADVISED +
GUIDE PRICE £250,000-£270,000 +

Fisks Estate Agents are pleased to bring to market this well presented terraced house offered with NO ONWARD CHAIN!

Guide price for this property is £250,000 to £270,000.

The ground floor comprises of a recently fitted Modern Kitchen with wall and base units and a spacious Lounge/Dining area to relax and entertain! The first floor presents three bedrooms, bathroom and separate WC. Externally, there is a well kept rear garden which is ideal for families and social gatherings.

Scaldhurst is well-connected and offers various amenities. Local shops and services are easily accessible. Public transport links provide straightforward travel options. and there are schools within close proximity.

Take advantage of this affordable opportunity in Pitsea. This could be the ideal purchase for Investors. Please note this property is non-standard construction and would be for Cash Buyers only. Reach out to us for further details and to arrange your viewing!

Agent Details

Fisks Ltd, Benfleet

01268 203388

Next Steps?

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