2 Bed Bungalow, Planning Permission, Canvey Island, SS8 9JJ, £350,000

Aspen Close, Canvey Island, SS8 9JJ - 6 views - 3 months ago

Planning
ROI: 1%
~68 m²
+13 photos

ValuationFair Value

Sold Prices£195K - £400K
Sold Prices/m²£3K/m² - £7.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£345,938

 

 

End Value (After Refurb)

£330,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£33,299

Bridging Loan Interest

£9,188

Total Cash In

£148,436

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£330,000

Mortgage (After Refinance)

£247,500

Mortgage LTV

75%

Cash Left In

£148,436

Equity

£82,500

Rent Range

£850 - £4,000

Rent Estimate

£1,517

Running Costs/mo

£1,355

Cashflow/mo

£162

Cashflow/yr

£1,948

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £195K to £400K, average is £275.5K. £3K/m² to £7.2K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£241.5K11/200.11 mi1, Birch Close, Canvey Island, Essex SS8 9JG2
£330K05/230.13 mi13, Maple Way, Canvey Island, Essex SS8 9JP2
£320K03/230.14 mi93, Cedar Road, Canvey Island, Essex SS8 9HS2
£270K02/210.21 mi2b, Green Avenue, Canvey Island, Essex SS8 0LH2
£195K02/230.21 mi13, Green Avenue, Canvey Island, Essex SS8 0LH2
£260K09/230.26 mi3, Woodhurst Road, Canvey Island, Essex SS8 0HB2
£325K11/230.28 mi16, Janette Avenue, Canvey Island, Essex SS8 0LB2
£267.5K12/200.3 mi11, Woodhurst Road, Canvey Island, Essex SS8 0HB2
£275K03/240.3 mi80, Cedar Road, Canvey Island, Essex SS8 9HR2
£276K06/210.3 mi86, Cedar Road, Canvey Island, Essex SS8 9HR2
£219K05/210.31 mi46a, Hawkesbury Road, Canvey Island, Essex SS8 0EX2
£292K03/210.31 mi84, Central Avenue, Canvey Island, Essex SS8 9QR2
£275K04/230.31 mi58, Central Avenue, Canvey Island, Essex SS8 9QR2
£345K01/230.31 mi7, Willow Close, Canvey Island, Essex SS8 9HQ2
£267K02/210.31 mi8, Deepwater Road, Canvey Island, Essex SS8 0LA2
£245K05/210.33 mi12, Canvey Road, Canvey Island, Essex SS8 0LW2
£269K12/200.35 mi18, Hertford Road, Canvey Island, Essex SS8 0EN2
£250K09/210.35 mi10a, Matlock Road, Canvey Island, Essex SS8 0EW2
£400K11/210.35 mi19, Barbara Avenue, Canvey Island, Essex SS8 0HA2
£240K04/210.38 mi12, Palmerstone Road, Canvey Island, Essex SS8 0NB2
£260K08/210.39 mi4, Vicarage Close, Canvey Island, Essex SS8 0LY2
£375K10/230.42 mi88, Hawkesbury Road, Canvey Island, Essex SS8 0EY2
£305K01/240.43 mi47, Denham Road, Canvey Island, Essex SS8 9HB2
£252.5K10/230.43 mi40b, Denham Road, Canvey Island, Essex SS8 9HB2
£295K06/210.44 mi9, Thames Road, Canvey Island, Essex SS8 0HH2
£266K11/200.44 mi18, Tudor Road, Canvey Island, Essex SS8 0ND2
£265K09/230.44 mi48, Denham Road, Canvey Island, Essex SS8 9HA2
£310K09/230.44 mi86, Denham Road, Canvey Island, Essex SS8 9HA2
£300K08/230.46 mi19a, Beverley Avenue, Canvey Island, Essex SS8 0DN2
£330K07/230.48 mi46, Haven Road, Canvey Island, Essex SS8 0NG2
£260K04/230.48 mi98, Church Parade, Canvey Island, Essex SS8 9RH2
£327.5K10/230.48 mi114, Church Parade, Canvey Island, Essex SS8 9RH2
£375K09/210.5 mi7, Craven Avenue, Canvey Island, Essex SS8 0DJ2
£313K08/230.5 mi7, Clinton Road, Canvey Island, Essex SS8 0NQ2
£350K09/230.51 mi24, Limburg Road, Canvey Island, Essex SS8 0QJ2
£270K06/210.51 mi4, Avon Road, Canvey Island, Essex SS8 0DH2
£255K06/210.51 mi228, Waarden Road, Canvey Island, Essex SS8 9AH2
£285K02/210.51 mi23, Stanford Road, Canvey Island, Essex SS8 0DG2
£265K05/230.52 mi14a, Sydervelt Road, Canvey Island, Essex SS8 9EF2
£230K10/200.53 mi17, Craven Avenue, Canvey Island, Essex SS8 0BY2
£320K09/230.54 mi10, The Fielders, Canvey Island, Essex SS8 0RN2
£305K07/230.54 mi5, The Fielders, Canvey Island, Essex SS8 0RN2
£250K04/210.55 mi75a, Sydervelt Road, Canvey Island, Essex SS8 9AJ2
£275K11/210.55 mi6a, Dollant Avenue, Canvey Island, Essex SS8 9EJ2
£270K02/230.56 mi23, Craven Avenue, Canvey Island, Essex SS8 0BY2
£283K10/230.57 mi33, Jasmine Close, Canvey Island, Essex SS8 0HT2
£285K02/210.58 mi48, Haven Road, Canvey Island, Essex SS8 0NG2
£290K07/230.58 mi194, Canvey Road, Canvey Island, Essex SS8 0QE2
£280K03/210.58 mi2, Downham Road, Canvey Island, Essex SS8 0DF2
£318K01/240.58 mi20, Downham Road, Canvey Island, Essex SS8 0DF2

Local Rents

50 rents from £850/mo to £4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,39509/240.07 mi-3
£1,50003/250.07 mi-4
£95009/240.08 miCherry Court,Canvey Island,Essex1
£3,20012/240.17 mi-6
£1,35009/240.2 mi3 bedroom Terraced House in Canvey Island3
£2,00009/240.22 mi-4
£1,30009/240.23 miSecond Avenue, Canvey Island3
£1,77502/250.26 mi-3
£1,30009/240.27 mi119 First Avenue 3
£2,00009/240.31 miHawkesbury Road, Canvey Island3
£1,55004/250.33 mi-3
£1,25004/250.34 mi-2
£1,40003/250.35 mi-3
£1,52512/240.38 mi-4
£85001/250.43 mi-1
£1,35009/240.43 miCentral Avenue, Canvey Island2
£1,30009/240.52 miStanford Road, Canvey Island3
£1,20003/250.53 mi-2
£1,70001/250.55 mi-3
£1,50009/240.56 miThe Picketts, Canvey Island, Canvey Island, 3
£1,40001/250.7 mi-3
£2,65001/250.7 mi-5
£3,10002/250.71 mi-4
£1,07501/250.8 mi-2
£3,40004/250.81 mi-6
£1,90004/250.88 mi-3
£2,40004/250.91 mi-4
£3,00004/250.94 mi-4
£2,75004/250.98 mi-4
£2,90004/250.98 mi-5
£3,40004/250.98 mi-5
£2,35003/250.99 mi-4
£2,37504/250.99 mi-4
£2,80004/251.03 mi-4
£1,45012/241.07 mi-2
£1,50009/241.08 miThames Court, Western Esplanade, Canvey Island, Essex1
£1,65003/251.14 mi-3
£85009/241.15 mi33 Venables Court1
£1,28009/241.19 mi-2
£97510/231.19 mi-1
£1,05004/251.19 mi-1
£4,00003/251.19 mi-4
£1,00004/251.22 mi-1
£1,15009/241.3 miBeach Heights Apartments 2
£2,05009/241.32 mi-4
£1,20009/241.36 miNormans Road, Canvey Island2
£1,35002/241.43 mi-3
£85009/241.48 miNewlands Road, Canvey Island, Essex1
£1,20009/241.49 miSan Remo Road, Canvey Island, Essex3
£1,85001/251.52 mi-3

Local Area Statistics

Population in SS8

38,134

Population in Canvey Island

38,138

Town centre distance

0.75 miles away

Nearest school

0.20 miles away

Nearest train station

1.54 miles away

 

 

Rental growth (12m)

+72%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £350,000

February 1, 2025

Floor Plans

Description

  • GUIDE PRICE £350,000 - £375,000 +
  • Huge driveway +
  • Air conditioning +
  • Summer house +
  • 50ft rear garden +
  • Modern fitted kitchen +
  • New roof +
  • New UPVC double glazed windows +
  • Cul-de-sac +
  • Modern fitted bathroom +

*GUIDE PRICE £350,000 - £375,000*
Having undergone a full renovation just 5 years ago, this home boasts a brand-new roof, windows, and boiler, ensuring it’s as efficient and comfortable as it is stylish.

The modern fitted kitchen/diner is a standout feature, equipped with integrated appliances and offering ample space for dining. A door from the kitchen leads directly to the 50ft rear garden, creating a seamless flow between indoor and outdoor living. The bungalow also features a spacious lounge, perfect for relaxing or entertaining, and is equipped with an air conditioning unit for year-round comfort. Both double bedrooms are generously sized, with bedroom two benefitting from fitted wardrobes for extra storage space and air conditioning to keep things cool during the warmer months. The contemporary bathroom completes the interior, offering a sleek and practical space for everyday use.

Outside, the property truly shines with a large, low-maintenance decking area ideal for outdoor dining or hosting friends and family. At the bottom of the garden, a fully electric and insulated summer house provides versatile space, whether you’re looking for a home office, gym, or simply a retreat to unwind. The summer house is also equipped with its own air conditioning unit, ensuring a comfortable environment no matter the weather.

The front of the property boasts a huge driveway, offering off-street parking for 5+ cars, ensuring ample space for visitors or a growing family. The exterior of the property is rendered, giving it a modern, fresh look. For those seeking future potential, the large loft space offers scope for a loft extension, subject to planning permission, adding even more space to this already fantastic home.

This bungalow is a perfect example of modern living, offering a high standard of finish, fantastic outdoor space, and plenty of off-street parking. Located in a quiet cul-de-sac yet close to local amenities, it’s an ideal home for those looking to downsize or those simply wanting a stylish and low-maintenance property with future potential. Don’t miss the opportunity to view this exceptional bungalow—call us today!

Agent Details

Anthony Quirk, Canvey Island

01268 203943

Next Steps?

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