3 Bed Detached House, Refurb/BRRR, Canvey Island, SS8 8AT, £300,000

Mornington Road, Canvey Island, SS8 8AT - 9 views - 3 months ago

Refurb/BRRR
~93 m²

ValuationFair Value

Sold Prices£235K - £400K
Sold Prices/m²£2.3K/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£300,000

 

 

End Value (After Refurb)

£402,622

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£45,467

Bridging Loan Interest

£7,875

Total Cash In

£142,792

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£402,622

Agent Fees (1%)

£4,026

Bridging Loan

£225,000

Bridging Loan Interest

£7,875

Flip Profit

£30,804

Local Sold Prices

50 sold prices from £235K to £400K, average is £329K. £2.3K/m² to £4.7K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£355K12/220.09 mi34b, Mornington Road, Canvey Island, Essex SS8 8DU3
£305K02/240.1 mi10, Grove Road, Canvey Island, Essex SS8 8DS3
£335K12/200.12 mi25a, Larup Avenue, Canvey Island, Essex SS8 8AJ3
£340K11/200.13 mi19, Dewyk Road, Canvey Island, Essex SS8 8BD3
£330K04/240.13 mi22, Dewyk Road, Canvey Island, Essex SS8 8BD3
£385K03/230.13 mi9, Nevada Road, Canvey Island, Essex SS8 8EX3
£297K05/210.15 mi8, Amid Road, Canvey Island, Essex SS8 8EB3
£345K04/210.15 mi6, Rainbow Road, Canvey Island, Essex SS8 8AE3
£292.5K01/210.15 mi8a, Rainbow Road, Canvey Island, Essex SS8 8AE3
£263K03/210.16 mi12, Dovervelt Road, Canvey Island, Essex SS8 8DX3
£375K09/230.17 mi3, Miltsin Avenue, Canvey Island, Essex SS8 8EE3
£288K06/230.2 mi12, Central Wall Road, Canvey Island, Essex SS8 9PQ3
£348K06/210.21 mi2, Linne Road, Canvey Island, Essex SS8 8BX3
£367.5K06/210.21 mi21, Corona Road, Canvey Island, Essex SS8 8EZ3
£282K08/210.21 miArk Two, Mitchells Walk, Canvey Island, Essex SS8 8JD3
£320K10/210.23 mi3, Mitchells Avenue, Canvey Island, Essex SS8 8JB3
£335K06/210.24 mi31, Harvest Road, Canvey Island, Essex SS8 9PD3
£293.1K01/240.24 mi14, Spanbeek Road, Canvey Island, Essex SS8 8BP3
£318K02/210.25 mi8, Harvest Road, Canvey Island, Essex SS8 9PD3
£325K12/210.25 miPolperro, Lakeside Path, Canvey Island, Essex SS8 9PB3
£310K07/230.25 mi10, Helden Avenue, Canvey Island, Essex SS8 8BZ3
£267K11/200.28 mi6, Farm Road, Canvey Island, Essex SS8 9PG3
£360K04/230.31 mi10, Kent Avenue, Canvey Island, Essex SS8 8DE3
£355K05/230.32 mi51, Brandenburg Road, Canvey Island, Essex SS8 8EN3
£330K12/220.32 mi49, Brandenburg Road, Canvey Island, Essex SS8 8EN3
£326K05/210.33 mi11b, Normans Road, Canvey Island, Essex SS8 7SN3
£328K05/210.33 mi51, May Avenue, Canvey Island, Essex SS8 7ET3
£285K02/210.33 mi30, Strasbourg Road, Canvey Island, Essex SS8 8EW3
£305K05/230.34 mi156, High Street, Canvey Island, Essex SS8 7SS3
£375K02/240.34 mi4, Normans Road, Canvey Island, Essex SS8 7SN3
£335K08/230.35 mi10b, Beach Road, Canvey Island, Essex SS8 7SW3
£342.5K05/230.35 mi2a, Wessem Road, Canvey Island, Essex SS8 8DF3
£235K05/210.36 mi73, Central Wall Road, Canvey Island, Essex SS8 9PJ3
£275K12/200.36 mi71, Central Wall Road, Canvey Island, Essex SS8 9PJ3
£380K05/210.38 mi6, Bramble Road, Canvey Island, Essex SS8 7EB3
£332K07/230.38 mi50, Smallgains Avenue, Canvey Island, Essex SS8 8JH3
£275K04/210.4 mi7, Harrow Road, Canvey Island, Essex SS8 9YS3
£265K08/210.41 mi102, Harvest Road, Canvey Island, Essex SS8 9YQ3
£345K11/210.42 mi8, Cropenburg Walk, Canvey Island, Essex SS8 9UZ3
£275K12/200.42 mi98, Harvest Road, Canvey Island, Essex SS8 9YQ3
£287.5K02/210.43 mi12, Eastfield Road, Canvey Island, Essex SS8 8HR3
£330K01/230.43 mi2, Hilberry Road, Canvey Island, Essex SS8 7EL3
£285K03/210.43 mi111, Harvest Road, Canvey Island, Essex SS8 9YF3
£400K09/220.44 mi14, Dovedale, Canvey Island, Essex SS8 8HX3
£320K11/210.44 mi8, Dovedale, Canvey Island, Essex SS8 8HX3
£305K01/210.45 mi18, Waarem Avenue, Canvey Island, Essex SS8 9DS3
£400K12/210.45 mi11a, Rosbach Road, Canvey Island, Essex SS8 7JW3
£350K12/230.45 mi25, Waarem Avenue, Canvey Island, Essex SS8 9DS3
£340K09/210.46 mi45, Paarl Road, Canvey Island, Essex SS8 9BT3
£340K08/210.46 mi47, Paarl Road, Canvey Island, Essex SS8 9BT3

Local Rents

14 rents from £1.2K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,90004/250.34 mi-3
£1,20009/240.57 miSan Remo Road, Canvey Island, Essex3
£1,50009/240.61 mi-3
£1,60001/250.61 mi-3
£1,40001/250.69 mi-3
£1,65003/250.71 mi-3
£1,50009/240.79 mi-3
£1,30009/240.83 miStanford Road, Canvey Island3
£1,35002/240.86 mi-3
£1,77502/250.97 mi-3
£1,70001/250.99 mi-3
£1,60009/241.01 miSouth Parade, Canvey Island3
£1,55004/251.19 mi-3
£1,39509/241.21 mi-3

Local Area Statistics

Population in SS8

38,134

Population in Canvey Island

38,138

Town centre distance

0.45 miles away

Nearest school

0.40 miles away

Nearest train station

1.99 miles away

 

 

Rental growth (12m)

+72%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £300,000

January 17, 2025

Floor Plans

Description

  • THREE BEDROOMS +
  • NO ONWARD CHAIN +
  • GROUND FLOOR WC +
  • OFF STREET PARKING +
  • GARAGE +
  • IN NEED OF RENOVATION +
  • GREAT TRANSPORT LINKS +

Unlock the Potential – A Spacious Home Ready for Transformation

This is a great opportunity for anyone looking for a project! Maybe you're an investor or looking for the ideal shell to configure your dream home. The house boasts three generously proportioned double bedrooms, three adaptable reception rooms, and a spacious kitchen ready to be reimagined as the heart of the home. A four-piece bathroom, complemented by the added convenience of a ground floor W/C.

Outside, the home features a private driveway and garage, providing off-road parking for multiple vehicles. The private garden offers a blank canvas, ready to be transformed into a serene outdoor retreat or vibrant entertaining space.

Ideally located near local amenities, highly regarded schools, and excellent transport links, this property presents a fantastic opportunity for families or investors to make their mark in a sought-after area. With vision and effort, this house could become a truly stunning forever home.

Don’t miss out—contact us today to arrange a viewing and see the potential for yourself!

Agent Details

Fisks Ltd, Canvey Island

01268 203398

Next Steps?

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